Abstract
The case of financial fraud of Kangmei Pharmaceutical is known as one of the most serious fraud cases ever in A-share. This paper analyzes the cause, course, and result of the financial fraud of Kangmei Pharmaceutical. Data analysis of the share price of Kangmei Pharmaceutical is conducted to investigate the impact of this incident on the market. The case study method, information asymmetry theory, and principal-agent theory are used to illustrate the impact of independent directors in the financial fraud case and the insights from the fraud case of Kangmei Pharmaceutical.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Advances in Economics, Management and Political Sciences
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
