Directors appointment of non-largest shareholders and related-party transactions

被引：4
|
作者：
Qi, Songqiao [1 ]
Sun, Tianmin [2 ]
机构：
[1] Univ Penn, Socail Policy & Practice, Philadelphia, PA 19104 USA
[2] Hong Kong Univ Sci & Technol, Sch Sci, Hong Kong 999077, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2023年 / 58卷
关键词：
Related-party transactions; Non-first shareholder; Appointed director;
D O I：
10.1016/j.frl.2023.104612
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper selects state-owned enterprises listed from 2010 to 2020 as the research object and analyzes the impact of non-largest shareholders appointing non-independent directors on the previous significant shareholders' related-party transactions behaviors prevalent in state-owned enterprises. It is found that in the realization mechanism of mixed reform, the appointment of non-independent directors by non-largest shareholders can significantly reduce the number of related-party transactions of listed companies; compared with the state-owned non-largest shareholders, the appointment of non-independent directors by non-state-owned first major shareholders has a significant inhibiting effect on the related-party transactions behavior of listed companies.
引用
收藏
页数：7
相关论文
共 50 条
  • [41] Board Independence as a Panacea to Tunneling? An Empirical Study of Related-Party Transactions in Hong Kong and Singapore
    Chen, Christopher
    Wan, Wai Yee
    Zhang, Wei
    JOURNAL OF EMPIRICAL LEGAL STUDIES, 2018, 15 (04) : 987 - 1020
  • [42] Related-party transactions and corporate performance following the adoption of International Financial Reporting Standards in Taiwan
    Wang, Wei-Kang
    Lu, Wen-Min
    Kweh, Qian Long
    Siao, Wun-Ya
    MANAGERIAL AND DECISION ECONOMICS, 2020, 41 (03) : 371 - 379
  • [43] State Control, Related-Party Transactions and Audit Reporting: Evidence From Key Audit Matters
    Florou, Annita
    Wu, Xiaoxi
    Yuan, Shuai
    Zhang, Vincent
    JOURNAL OF ACCOUNTING AUDITING AND FINANCE, 2024,
  • [44] The association between related-party transactions and control-ownership wedge: Evidence from Korea
    Kang, Minjung
    Lee, Ho-Young
    Lee, Myung-Gun
    Park, Jong Chool
    PACIFIC-BASIN FINANCE JOURNAL, 2014, 29 : 272 - 296
  • [45] Controlling Shareholders' Proxy and Multiple Directorships: Insight Evidence from Related Party Transactions
    Rahmat, Mohd Mohid
    Amin, Hanis Amera Mohd
    Saleh, Norman Mohd
    ASIAN JOURNAL OF ACCOUNTING AND GOVERNANCE, 2018, 9 : 27 - 39
  • [46] Economic Consequences of Corporate Governance Disclosure: Evidence from the 2006 SEC Regulation on Related-Party Transactions
    Hope, Ole-Kristian
    Lu, Haihao
    ACCOUNTING REVIEW, 2020, 95 (04): : 263 - 290
  • [47] Related-party transactions and post-earnings announcement drift: Evidence from the Korean stock market
    Choi, Hyunjung
    Cho, Jungeun
    FINANCE RESEARCH LETTERS, 2021, 42
  • [48] Related-Party Transactions, Corporate Performance, and Efficiency of Corporate Governance-Evidence from the Chinese Stock Market
    Liu Jianmin
    Chen Heping
    EBM 2010: INTERNATIONAL CONFERENCE ON ENGINEERING AND BUSINESS MANAGEMENT, VOLS 1-8, 2010, : 265 - 268
  • [49] Are related-party transactions beneficial or detrimental in emerging markets? New evidence of financial services agreements from China
    Dou, Huan
    Liu, Yuanyuan
    Shi, Yaru
    Xu, Hanwen
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2022, 81
  • [50] Are related-party transactions beneficial or detrimental in emerging markets? New evidence of financial services agreements from China
    Dou, Huan
    Liu, Yuanyuan
    Shi, Yaru
    Xu, Hanwen
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2022, 81
12345