An Empirical Study of the Related Party Transactions’Influencing Factors in the Listed Real Estate Companies
Related party transaction has become the focus of securities regulatory authorities and shareholders since Qiong-Min-Yuan affair. Studying the related party transactions of listed real estate companies has both theoretical and practical significance to the stable development of national economy. This paper discussed the real estate listed companies in China’s stock market from 2007 to 2009, and analyzed the influencing factors of related party transactions. The study found that there is no significant correlation between related party transaction and minimization of the income tax burden; the largest shareholder’s shareholding ratio and return on equity (ROE) have a significantly positive effect on the extent of related party transaction; Z index, the proportion of independent directors and company size are obviously negative correlated to the extent of related party transactions. There is no necessary correlation between asset-liability ratio and the extent of related party transactions in real estate companies. Finally, this paper presents some regulatory suggestions for the related party transactions in listed real estate companies on the basis of empirical research results.
real estate enterprise related party transaction influencing factors
Mengmeng WANG Fusheng WANG
Department of Accounting, School of Management ,HarbinInstitute of Technology, Harbin, China 150001 Department of Accounting, School of Management, Harbin Institute of Technology, Harbin, China 150001
国际会议
2011 International Conference on Construction & Real Estate Management(2011建设与房地产管理国际会议)
广州
英文
535-539
2011-11-19（万方平台首次上网日期，不代表论文的发表时间）