Related party transactions and principal-principal conflicts in public companies: Evidence from the maritime shipping industry

Related party transactions and principal-principal conflicts in public companies: Evidence from the maritime shipping industry

•Larger companies exhibit lower levels of related party transactions (RPTs).•Increased profitability and financial leverage leads to increased levels of RPTs.•Larger and more independent boards of directors lead to decreased levels of RPTs.•Above-average operating RPTs are associated with above-aver...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Transportation research. Part E, Logistics and transportation review Logistics and transportation review, 2021-01, Vol.145, p.102171, Article 102171
Hauptverfasser: Andrikopoulos, Andreas, Merika, Anna, Merikas, Andreas, Sigalas, Christos
Format: Artikel
Sprache:eng
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:•Larger companies exhibit lower levels of related party transactions (RPTs).•Increased profitability and financial leverage leads to increased levels of RPTs.•Larger and more independent boards of directors lead to decreased levels of RPTs.•Above-average operating RPTs are associated with above-average operating expenses.•Above-average financing RPTs are associated with below-average interest rate.
ISSN:1366-5545
1878-5794
DOI:10.1016/j.tre.2020.102171