Author(s)

Wantong Pei ¹

Affiliation(s)

¹ College of Law, Australian National University, Canberra, 2600, Australia

Corresponding Author

Wantong Pei

ABSTRACT

This article analyzes the bankruptcy case of Baoshang Bank and draws the following conclusion: Firstly, the root cause of Baoshang Bank's bankruptcy is the hollowing out of major shareholders. Under the continuous occupation of Tomorrow Group, the three meetings and one layer of Baoshang Bank had not played a good role. Secondly, Baoshang Bank also faced problems such as non-standard information disclosure, chaotic salary system, and abuse of power by management, which have led to serious problems in corporate governance. In addition, the external regulatory authorities did not take timely measures to address the internal issues of Baoshang Bank, which is also one of the important reasons why Baoshang Bank ultimately went bankrupt.

KEYWORDS

Baoshang Bank; Bankruptcy System; Corporate Governance

CITE THIS PAPER

Wantong Pei, Case Analysis of Bankruptcy of Baoshang Bank. Accounting and Corporate Management (2024) Vol. 6: 78-83. DOI: http://dx.doi.org/10.23977/acccm.2024.060210.

REFERENCES

[1] Chen Zhaofu, Cui Tengjie. Research on the legal system of commercial bank bankruptcy in China [J]. Enterprise reform and management, 2021 (15): 125-126. 
[2] Demsetz H, Lehn K. The structure of corporate ownership: causes and consequences [J]. Journal of Political Economy, 1985, 93(6): 1155~1177.
[3] Hu Yaolong. Enlightenment to China's banking supervision from the perspective of three bankrupt banks [J]. Science and technology economic market, 2021 (08): 75-77 + 81. 
[4] Liu Bingkun. Case study on the bankruptcy of Baoshang Bank bank [D]. Hebei Institute of finance, 2021. 
[5] Huang can. Research on the impact of shadow banking on the operational stability of Baoshang Bank banks [D]. Southwest Jiaotong University, 2020. 
[6] Ma Yanchao. Case study on business crisis of Baoshang Bank bank [D]. Hebei University, 2020. 
[7] Xiao Yutong, Sun Yingjun. Problems in the development of small and medium-sized banks in China from the Baoshang Bank bank incident [J]. Economic Research Guide, 2019 (33): 101-102.

Sponsors, Associates, and Links

---

• Information Systems and Economics
  
  
• Accounting, Auditing and Finance
  
  
• Industrial Engineering and Innovation Management
  
  
• Tourism Management and Technology Economy
  
  
• Journal of Computational and Financial Econometrics
  
  
• Financial Engineering and Risk Management
  
  
• Social Security and Administration Management
  
  
• Population, Resources & Environmental Economics
  
  
• Statistics & Quantitative Economics
  
  
• Agricultural & Forestry Economics and Management
  
  
• Social Medicine and Health Management
  
  
• Land Resource Management
  
  
• Information, Library and Archival Science
  
  
• Journal of Human Resource Development
  
  
• Manufacturing and Service Operations Management
  
  
• Operational Research and Cybernetics