This paper examines the effects of controlling shareholders on corporate fraud. Using a sample of Chinese listed firms … for 2004-2019, we find that the absence of an ultimate controlling shareholder increases the risk of corporate fraud. We … that in the absence of controlling shareholders, fraud is mainly conducted by blockholders, and firms with more dispersed …

likelihood of corporate fraud. Using data of 2542 Chinese firms and 17239 firm years from 2010 to 2017, the findings of logistic … negative association between cash compensation of independent directors and corporate fraud. Our findings suggest that if … the negative association between independent directors' compensation and corporate fraud is pronounced in SOEs. The study …