Corporate Governance and Wirecard Scandal
Abstract This paper investigates the causes and implications of Wirecard AG’s collapse in June 2020, the “German Enron.” Wirecard’s poor corporate governance under the German financial regulatory framework fails to serve stakeholders. Its management’s unethical activity of earnings manipulation contributes to the company’s financial collapse and loss of shareholder value. An analysis of how internal ... Read More
Pages: 14 Words: 3594