Book ChapterDOI
Related party transactions and corporate governance
Elizabeth A. Gordon,Elaine Henry,Darius Palia +2 more
- Vol. 9, pp 1-27
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TLDR
In this paper, the authors explore two alternative perspectives of related party transactions: the view that such transactions are conflicts of interest which compromise management's agency responsibility to shareholders as well as directors' monitoring functions; and a view that these transactions are efficient transactions that fulfill rational economic demands of a firm such as the need for service providers with in-depth firm-specific knowledge.Citations
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Journal ArticleDOI
Revenues from related parties: A risk factor in the Italian listed company’s financial statements [Special issue]
Does Quality of Corporate Governance affect Financial Performance of listed firms in NSE, Kenya?
TL;DR: In this article, the effect of corporate governance efficiency on the financial performance of listed companies in the Nairobi Securities Exchange in Kenya between 2008 and 2017 was analyzed using pooled OLS estimation approach.
Dissertation
An analysis of corporate related-party disclosure in the asia-pacific region
TL;DR: In this paper, the authors investigate the nature and extent of corporate related-party (RP) disclosures across six countries in the Asia-Pacific region and find that companies in countries with stronger regulatory enforcement, shareholders' protection, and control for corruption, have more transparent RP disclosures.
DissertationDOI
The impact of corporate governance on the choice of transfer pricing methods in China
TL;DR: Xue et al. as mentioned in this paper investigated the impact of corporate governance on the choice of transfer pricing methods in China and found that companies with weak corporate governance are more likely to use cost-based pricing methods, which are regarded as subjective and more easily manipulated.
Journal ArticleDOI
Related party transactions and dividend payouts
TL;DR: In this paper , the authors examined the relationship between Related Party Transactions (RPTs) and dividend payouts and found that the magnitude of RPTs, measured by the number of transactions, is positively associated with the dividend yield.
References
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Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
Journal ArticleDOI
Separation of ownership and control
Eugene F. Fama,Michael C. Jensen +1 more
TL;DR: The authors argue that the separation of decision and risk-bearing functions observed in large corporations is common to other organizations such as large professional partnerships, financial mutuals, and nonprofits. But they do not consider the role of decision agents in these organizations.
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
Agency Problems and the Theory of the Firm
TL;DR: In this article, the authors explain how the separation of security ownership and control, typical of large corporations, can be an efficient form of economic organization, and set aside the presumption that a corporation has owners in any meaningful sense.
Journal ArticleDOI
Industry costs of equity
Eugene F. Fama,Kenneth R. French +1 more
TL;DR: In this paper, the authors show that standard errors of more than 3.0% per year are typical for both the CAPM and the three-factor model of Fama and French (1993), and these large standard errors are the result of uncertainty about true factor risk premiums and imprecise estimates of the loadings of industries on the risk factors.