Research on the Shareholders Controlling, Related Party Transactions and Earnings Quality
There is a complex relationship between majority shareholders and minority stockholders for the balance of supervision power, and when the minority stockholders can not supervise the majority shareholders effectively, the majority shareholders will manipulate the company by related party transactions with their purpose, which leading to a significant impact on earnings quality. In this paper, we use the data from 2006 to 2008 to study the relationship among controlling shareholders, related party transactions and earnings quality. The results show that: When the controlling shareholder of listed company is a Group company, the frequency of the listed companys related party transactions will increase with a significant negative correlation to the supervision power. And we also find that when the controlling shareholder is state-owned, the quality of the companys earnings will also increase.
shareholders controlling related party transactions earnings quality
SHAO Yiping ZHANG Jian
Zhejiang University of Finance and Economics, Hangzhou, China, 310018
国际会议
The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)
天津
英文
1200-1209
2009-09-01（万方平台首次上网日期，不代表论文的发表时间）