Related party transactions and principal-principal conflicts in public companies: Evidence from the maritime shipping industry. (January 2021)

• Record Type: Journal Article
• Authors: Andrikopoulos, Andreas; Merika, Anna; Merikas, Andreas; Sigalas, Christos
• Is Part Of: Transportation research. Volume 145(2021)
• Publication Date: 2021-01
• Subjects: Logistics -- Periodicals; Transportation -- Periodicals; 388.011
• DOI: 10.1016/j.tre.2020.102171
• Languages: English
• ISSNs: 1366-5545

Abstract

Highlights: 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.