Yang, Daoguang; Han, Hongling; Mao, Yidan; Liu, Siyi - In: China journal of accounting studies 11 (2023) 3, pp. 516-542
The ruling against the Kangmei Pharmaceutical Co., Ltd’s financial fraud was the first special representative action under China’s new Securities Law, serving as a milestone in investor protection in China. Exploiting the natural experiment provided by the ruling, we empirically test the...
