Related party transactions, benefits of control and earnings quality

被引：4

作者：

Tong Yan ^{[1
]}

Wang, Huacheng ^{[2
]}

机构：

[1] Beijing Inst Technol, Sch Management & Econ, Beijing 100081, Peoples R China

[2] Renmin Univ China, Sch Business, Beijing 100872, Peoples R China

来源：

FRONTIERS OF BUSINESS RESEARCH IN CHINA | 2008年 / 2卷 / 02期

基金：

中国国家自然科学基金;

关键词：

related party transactions; benefits of control; earnings quality; controlling shareholders;

D O I：

10.1007/s11782-008-0011-x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Controlling shareholders pursue benefits of control (private benefits and shared benefits) via related party transactions, which result in different levels of earnings quality. Using data from all A-share listed companies in Shenzhen and Shanghai stock markets in the year 2001 and 2002, we found that when the share ratio of controlling shareholder is less than 50%, they prefer pursuing private benefits of control via related party transactions, giving rise to deterioration in earnings quality. By comparison, when the share ratio is more than 50%, controlling shareholders prefer pursing shared benefits of control through related party transactions, which improve earnings quality as a result.

引用

页码：187 / 203

页数：17

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