Journal ArticleDOI
Auditing Related Party Transactions: A Literature Overview and Research Synthesis
TLDR
In this paper, the challenges associated with the identification, examination, and disclosure of related party transactions are discussed and issues and research evidence related to nondisclosure and reliance on management assertions, risk assessment, materiality, fraud detection, the effect of related-party transactions on corporate governance, and international auditing issues.Citations
More filters
Journal ArticleDOI
Financial Statement Fraud: Insights from the Academic Literature
TL;DR: In this paper, the authors summarize relevant academic research findings to contribute to the Public Company Accounting Oversight Board (PCAOB) project on financial statement fraud and to offer insights and conclusions relevant to academics, standard setters, and practitioners.
Journal ArticleDOI
Can corporate governance deter management from manipulating earnings? Evidence from related-party sales transactions in China
TL;DR: Li et al. as discussed by the authors investigated whether good governance structures help constrain management's opportunistic behaviors (in the form of transfer pricing manipulations) in one of the world's most dynamic economies and found that firms with a board that has a higher percentage of independent directors or a lower percentage of "parent" directors (i.e., directors who are representatives of the parent companies of the listed firms), or have different people occupying the chair and CEO positions, or have financial experts on their audit committees, are less likely to engage in transfer pricing manipulation.
Journal ArticleDOI
Valuation of firms that disclose related party transactions
Mark J. Kohlbeck,Brian W. Mayhew +1 more
TL;DR: The authors examined the stock market valuation of firms that disclose related party (RP) transactions compared to those that do not and found that RP firms have significantly lower valuations and marginally lower subsequent returns than non-RP firms.
Journal ArticleDOI
Related-party transactions and corporate governance: The evidence from the Taiwan stock market
Yin-Hua Yeh,Pei Gi Shu,Yu Hui Su +2 more
TL;DR: In this article, the authors explore how corporate governance affects the level of related-party transactions (RPTs) and how it moderates the motives of using RPTs in Taiwan, an ownership-concentrated economy.
Journal ArticleDOI
Related parties transactions and firm's market value: the French case
Mehdi Nekhili,Moêz Cherif +1 more
TL;DR: In this paper, the impact of the related parties' transactions (RPTs) on firm value, and to identify the ownership and governance characteristics of companies that engage in this type of transactions, were studied.
References
More filters
Posted Content
A Survey of Corporate Governance
TL;DR: The authors surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world, and presents a survey of the literature.
Journal ArticleDOI
A Survey of Corporate Governance
Andrei Shleifer,Robert W. Vishny +1 more
TL;DR: Corporate Governance as mentioned in this paper surveys research on corporate governance, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world, and shows that most advanced market economies have solved the problem of corporate governance at least reasonably well, in that they have assured the flows of enormous amounts of capital to firms, and actual repatriation of profits to the providers of finance.
Book
The Modern Corporation and Private Property
TL;DR: Weidenbaum and Jensen as mentioned in this paper reviewed the impact of developments not fully anticipated by Berle and Means, such as the rise of the service sector, and the significant role played by institutional investors in the owner/manager equation.
Journal ArticleDOI
Large Shareholders and Corporate Control
Andrei Shleifer,Robert W. Vishny +1 more
TL;DR: In this article, the authors explore a model in which the presence of a large minority shareholder provides a partial solution to the free-rider problem in a corporation with many small owners, where the corporation may not pay any one of them to monitor the performance of the management.
Journal ArticleDOI
Management Ownership and Market Valuation: An Empirical Analysis
TL;DR: This article investigated the relationship between management ownership and market valuation of the firm, as measured by Tobin's Q. In a 1980 cross-section of 371 Fortune 500 firms, they found evidence of a significant nonmonotonic relationship.