The Study of Related Party Transactions of Business Groups in Taiwan

• Main Authors: PEI-YU LIAO, 廖珮宇
• Other Authors: 作者未提供
• Format: Others
• Language: zh-TW
• Published: 2010
• Online Access: http://ndltd.ncl.edu.tw/handle/64402507835808785071

碩士 === 銘傳大學 === 會計學系碩士班 === 98 === When the controlling shareholders pursue their profit, they may against minority shareholders. Related party transactions are used as a tool by the controlling shareholders to exploit minority shareholders. Prior studies focus primarily on the relationship between corporate governance and related party transactions. However, business ties may result in related party transactions. This study also investigates the impact of vertical integration and corporate governance on related party transactions. Also, we compare the difference between business groups and non-business groups. Our findings indicate that business groups, vertical integration and the deviation of control rights from cash-flow rights have a significant and positive impact on related party transactions. Besides, corporate governance can significantly reduce the related party transactions.