Related-Party-Transactions in the spanish stock market
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Redalyc
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| Formato: | Artículo científico |
| Lenguaje: | en |
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Portal Universia S.A.
2016
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| _version_ | 1876438208278953984 |
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| author | Marina Elistratova |
| author_facet | Marina Elistratova |
| contents | Related-Party-Transactions in the spanish stock market Marina Elistratova Carolina Bona Sánchez Jerónimo Pérez Alemán Administración y Contabilidad Size Size Related Related Divergence Despite the relevance of related-party transactions (RPTs) in the Spanish capital market, empirical evidence on RPTs is anecdotal. Thus, in the current work we provide evidence on the configuration of RPTs for Spanish listed firms along the period 2004-2014. Our results show a significant presence of RPTs, with more than half of listed Spanish firms committing to RPTs. Moreover, our results show that RPTs are greater in large-cap companies, in companies with higher ownership concentration, in family firms and in those companies where controlling owners’ voting-cash flow wedge is higher. 2016 artículo científico 1698-5117 https://www.redalyc.org/articulo.oa?id=43348820002 en http://www.redalyc.org/revista.oa?id=433 Universia Business Review application/pdf Portal Universia S.A. Universia Business Review (España) Num.52 |
| format | Artículo científico |
| id | redalyc_43348820002 |
| institution | Redalyc |
| language | en |
| publishDate | 2016 |
| publisher | Portal Universia S.A. |
| spellingShingle | Related-Party-Transactions in the spanish stock market Marina Elistratova Administración y Contabilidad Size Size Related Related Divergence Related-Party-Transactions in the spanish stock market Marina Elistratova Carolina Bona Sánchez Jerónimo Pérez Alemán Administración y Contabilidad Size Size Related Related Divergence Despite the relevance of related-party transactions (RPTs) in the Spanish capital market, empirical evidence on RPTs is anecdotal. Thus, in the current work we provide evidence on the configuration of RPTs for Spanish listed firms along the period 2004-2014. Our results show a significant presence of RPTs, with more than half of listed Spanish firms committing to RPTs. Moreover, our results show that RPTs are greater in large-cap companies, in companies with higher ownership concentration, in family firms and in those companies where controlling owners’ voting-cash flow wedge is higher. 2016 artículo científico 1698-5117 https://www.redalyc.org/articulo.oa?id=43348820002 en http://www.redalyc.org/revista.oa?id=433 Universia Business Review application/pdf Portal Universia S.A. Universia Business Review (España) Num.52 |
| title | Related-Party-Transactions in the spanish stock market |
| topic | Administración y Contabilidad Size Size Related Related Divergence |
| url | https://www.redalyc.org/articulo.oa?id=43348820002 |