Academic Journal of Business & Management, 2024, 6(5); doi: 10.25236/AJBM.2024.060516.
Hongxia Zhang, Ya Li
School of Economics and Management, Dalian University, Dalian, China
In recent years, with the rapid growth of the number of listed companies, financial fraud has become increasingly prominent, which has seriously affected the stable development and healthy operation of China's capital market. Financial fraud in listed companies is inseparable from internal and external factors. Among many influencing factors, corporate governance has a particularly significant impact. This article takes the chemical fertilizer company Kingenta as an example and analyzes the causes of financial fraud and defects in corporate governance of Kingenta from the perspectives of equity structure, board of directors decision-making mechanism, supervisory board supervision mechanism, my country's laws and regulations, external governance, and corporate status quo. In response to the above analysis, this article provides measures to prevent financial fraud from the perspectives of internal and external corporate governance, and proposes corresponding governance strategies to serve as a warning to listed companies, thereby better maintaining the order of the capital market and promoting the sustainability of listed companies.
financial fraud, corporate governance, causes of fraud, Kingenta
Hongxia Zhang, Ya Li. Analysis of Financial Fraud Cases from the Perspective of Corporate Governance—Taking Kingenta Company as an Example. Academic Journal of Business & Management (2024) Vol. 6, Issue 5: 114-120. https://doi.org/10.25236/AJBM.2024.060516.
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