Click here to download

Author/s: Fabrizio Bava, Melchior Gromis di Trana, Donatella Busso, Piero Pisoni 
Year:  2018 Issue: Language: English 
Pages:  35 Pg. 5-39 FullText PDF:  284 KB
DOI:  10.3280/FR2018-001001
(DOI is like a bar code for intellectual property: to have more infomation:  clicca qui   and here 

Keywords: Related party transactions, disclosure, IAS 24, quantitative criteria.

  1. Aguilera R.V., Filatotchev I., Gospel H. and Jackson G. (2008), An organizational approach to comparative corporate governance: Costs, contingencies, and complementarity, Organization Science, 19(3), pp. 475-492.
  2. Aguilera R.V. and Jackson G. (2003), The cross-national diversity of corporate governance: Dimensions and determinants, Academy of Management Review, 28(3), pp. 447-465.
  3. Altman E. (1968), Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy, Journal of Finance, September, pp. 189-209,
  4. ASSONIME (2011), Analysis of the compliance with the Italian Corporate Governance Code: year 2010, Rome.
  5. Bsrth M.E., Beaver W.H. and Landsman W.R. (2001), The relevance of the value relevance literature for financial accounting standard setting: another view, Journal of accounting and economics, 31(1), pp. 77-104.
  6. Bava F. and Gromis di Trana M. (2015a), Disclosure on Related Party Transactions: Evidence from Italian Listed Companies, Accounting, Economics and Law-A Convivium,
  7. Bava F. and Gromis di Trana M.G. (2015b), Revenues from related parties: a risk factor in the Italian listed company’s financial statements, Corporate Owner-ship & Control, 883.
  8. Bhagat S. and Bolton B. (2008), Corporate governance and firm performance, Journal of Corporate Finance, 14, pp. 257-273,
  9. Bianchi M. and Bianco M., Italian Corporate Governance in the last 15 years: from pyramids to coalitions?, ECGI Finance working paper, No. 144/2006,
  10. Beak J.S., Kang J.K. and Lee I. (2006), Business groups and tunneling: Evidence from private securities offering by Korean Chaebols, J. Fin., 61, pp. 2415-2449,
  11. Berkman H., Cole R.A. and Fu L. J. (2009). Expropriation through loan guarantees to related parties: Evidence from China, Journal of Banking and Finance, 33, pp. 141-156,
  12. Bushman R. and Smith A. (2001), Financial accounting information and corporate governance, Journal of Accounting and Economics, 32, pp. 237-333,, 10.1016/S0165-4101(01)00027-1DOI: 10.1016/S0165-4101(01)00027-1
  13. Chen C.W.K., Chen Z. and Wei J.K.C. (2009), Legal protection of investors, corporate governance, and the cost of equity capital, Journal of Corporate Finance, 15, pp. 273-289,
  14. Chen-Wen C. and Chinshun W., Related Party Transactions and Ownership Concentration; Theory and Evidence, --
  15. Cheung Y.L., Jing L., Lu T., Rau P.R. and Stouraitis A. (2009), Tunneling and propping up: An analysis of related party transactions by Chinese listed companies, Pacific-Basin Finance Journal, 17(3), pp. 372-393,
  16. Cheung Y.L., Rau P.R. and Stouraitis A. (2006), Tunneling, propping, and expropriation: evidence from connected party transactions in Hong Kong, Journal of Financial Economics, 82(2), pp. 343-386,
  17. Chung R., Firth M. and Kim J.B. (2002), Institutional monitoring and opportunistic earnings management, Journal of Corporate Finance, 8, pp. 29-48,, 10.1016/S0929-1199(01)00039-6DOI: 10.1016/S0929-1199(01)00039-6
  18. Coase R.H. (1937), The nature of the firm, Economica, 4(16), pp. 386-405.
  19. Denis D. and McConnell J.J. (2003), International corporate governance, Journal of Financial and Quantitative Analysis, 38, pp. 1-36,, 10.2307/4126762DOI: 10.2307/4126762
  20. Djankov S., La Porta R., Lopez-De-Silanes F. and Shleifer A. (2008), The law and economics of self-dealing, Journal of financial economics, 88(3), 430-465,
  21. Emshwiller J.R. (2003), Many Companies Report Transactions with Top Officers, Wall Street Journal, December 29, A1.
  22. Filatotchev I. and Wright M. (2005), Corporate governance life-cycle. (London: Edward Elgar).
  23. Filatotchev I., Toms S. and Wright M. (2006), The firm’s strategic dynamics and corporate governance Life cycle, International Journal of Managerial Finance, 2(4), pp. 256-279.
  24. FASB (2008), Original Pronouncements as Amended, Statement of Financial Ac-counting Concepts No. 2.
  25. Fooladi M. and Shukor Z.A. (2011), “Corporate Governance and Disclosure of Related Party Transactions”, (march 15), 2nd International Conference on Business and Economic Research (2nd ICBER 2011), Langkawi, Malaysia, 14-16 March. -- Available at SSRN:
  26. Gordon E.A., Henry E., Louwers T.J. and Reed B.J. (2007), Auditing Related Party transactions: A literature Overview and Research Synthesis, Accounting Horizons, 21, pp. 81-102,
  27. Gordon E.A., Henry E. and Palia D. (2004), Related party transactions and corporate governance, Advances in Financial Economics, 9(1), pp. 1-27.
  28. Goshen Z. (2003), The efficiency of controlling corporate self-dealing: Theory meets reality, California Law Review, 91(2), pp. 393-438,, 10.2307/3481335DOI: 10.2307/3481335
  29. Gromis di Trana M. (2014), Le parti correlate nell’economia d’azienda. (Milano: Giuffrè).
  30. Healy P.M. and Palepu K.G. (2001), Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature, Journal of Accounting and Economics, 31(1), pp. 405-440.
  31. Henry E., Gordon E.A., Reed B.J. and Louwers T.J. (2007). The Role of Related Party Transactions in Fraudulent Financial Reporting, (June). -- Available at SSRN:
  32. Hofstede G. (2003), Culture’s consequences: Comparing values, Behaviors, Institutions and organizations across nations. (London: Sage).
  33. Hofstede G. (1984), Culture’s consequences: International differences in work-related values. (London: Sage).
  34. Holthausen R.W. and Watts R.L. (2001), The relevance of the value-relevance literature for financial accounting standard setting, Journal of accounting and economics, 31(1), pp. 3-75.
  35. IFRS Practice statement, Application of Materiality to Financial Statements, October 2015, Comments to be received by 26 February 2016.
  36. Institute of chartered accountants in England and Wales. Guidance on materiality in financial reporting by UK entities Guidance on materiality in financial re-porting by UK entities, published in June 2008.
  37. Jensen M.C. and Meckling W.H. (1976), Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics, 3(4), pp. 305-360.
  38. Jessop D.C. and Farrar J.H. (2012), Watson S., Related party transactions in New Zealand: an empirical study of a flawed system, Company and Securities Law Journal, 30, pp. 110-142. --
  39. Jiang G., Lee C.M. and Yue H. (2010), Tunneling through intercorporate loans: The China experience, Journal of Financial Economics, 98(1), pp. 1-20.
  40. Jian M. and Wong T.J. (2003), Earnings management and tunneling through related party transactions: Evidence from Chinese corporate groups (Doctoral dissertation, Hong Kong University of Science and Technology).
  41. Jian M. and Wong T.J. (2010), Propping through related party transactions, Review of Accounting Studies, 15(1), pp. 70-105,
  42. Kohlbeck M. and Mayhew B. (2004), “Related party transactions”, American Accounting Association, FARS Meeting Paper,
  43. Kohlbeck M. and Mayhew B.W. (2010), Valuation of firms that disclose related party transactions, Journal of Accounting and Public Policy, 29(2), pp. 115-137,
  44. Kun W. and Xing X. (2005), The Empirical Study on the Institutional Ownership and Resources Expropriation by the Related Parties [J], Nankai Business Re-view, 2, 27-33.
  45. La Porta R.L., Lopez-De-Silane F., Shleifer A. and Vishny R.W. (1996), Law and finance (No. w5661), National Bureau of Economic Research,
  46. Liu Q. and Lu Z.J. (2007), Corporate governance and earnings management in the Chinese listed companies: A tunneling perspective, Journal of Corporate Finance, 13(5), pp. 881-906.
  47. Melis A. (2005), Corporate governance failures: To what extent is Parmalat a particularly Italian case?, Corporate Governance Failures, 13(4), pp. 478-488.
  48. Neuman W.L. (2000), Social research methods: Qualitative and quantitative approaches (4th ed.), Needham Heights: Allyn and Bacon.
  49. OECD (2004), Principles of Corporate Governance.
  50. OECD (2004), Principles of corporate governance. (Paris: OECD Publications).
  51. OECD (2012), Related Party Transactions and Minority Shareholder Rights. Publishing,
  52. Onesti T. (1995), Fattori ambientali e comportamenti contabili. Analisi comparativa dei sistemi contabili di alcuni paesi industrializzati. (Torino: Giappichelli).
  53. Pan T. and Hsiu-Cheng W., A study on the relationship between the policy of banks’ loan interest Rate and Related party transactions. (MA, Taiwan: Department of Finance, National Yunlin University of Science and Technology).
  54. Park Y. and Shin H. (2004), Board composition and earnings management in Canada, Journal of Corporate Finance, 10, pp. 431-457,, 10.1016/S0929-1199(03)00025-7DOI: 10.1016/S0929-1199(03)00025-7
  55. Peng W.Q., Wei K.J. and Yang Z. (2011), Tunneling or propping: Evidence from connected transactions in China, Journal of Corporate Finance, 17(2), pp. 306-325.
  56. Pizzo M. (2011), Related party transactions under a contingency perspective, Journal of Management and Governance,
  57. Rezaee Z. (2004), Corporate Governance Role in Financial Reporting, Research in accounting Regulation, 17, pp. 107-149,, 10.1016/S1052-0457(04)17006-9DOI: 10.1016/S1052-0457(04)17006-9
  58. Riyanto Y.E. and Toolsema L.A. (2008), Tunneling and propping: A justification for pyramidal ownership, Journal of Banking & Finance, 32(10), pp. 2178-2187.
  59. Ryngaert M.D. and Shawn T.E. (2011), Not All Related Party Transactions (RPTs) are the Same: Ex-Ante vs. Ex-Post RPTs., Journal of Accounting Research, Forthcoming (November 28),
  60. Swartz M. and Watkins S. (2003), Power failure: The inside story of the collapse of Enron. Crown Business.
  61. Thomas C.W. (2002), The rise and fall of Enron. Journal of Accountancy, 193(4), p. 41.
  62. Williamson O.E. (1985), The economic institutions of capitalism: Firms, markets, relational contracting (Vol. 866). (New York: Free Press).
  63. Wong T.J. and Ming J. (2003), Earnings Management and Tunneling through Related Party Transactions: Evidence from Chinese Corporate Groups, EFA 2003 Annual Conference Paper No. 549. -- Available at SSRN:
  64. Yan T. and Huacheng W. (2007), Related Party Transactions, Benefits of Control and Earnings Quality, Accounting Research, 4, p. 010.
  65. Yan M. and Xiumei Z. (2006), Research on the Relationship between Earning Management by Related Party Transactions and Listed Company’s Profit being Transferred by Related parties. Accounting Research, 4, p. 005.
  66. Yi Lin W., Liu Y.A. and Keng I. (2010), Related party transactions, firm performance and control mechanisms: evidence from Taiwan, International research journal of finance and economics, 35, pp. 82-98.
  67. Young B. (2005), Related-Party Transactions: Why They Matter and What Is Disclosed, Corporate Governance Advisor, 13, pp. 1-7.
  68. Zengquan L., Zheng S. and Zhiwei W. (2004), Tunneling and Ownership Structure of a Firm: Evidence from Controlling Shareholder’s Embezzlement of Listed Company’s Funds in China, Accounting Research, 12, pp. 3-13.

Fabrizio Bava, Melchior Gromis di Trana, Donatella Busso, Piero Pisoni, in "FINANCIAL REPORTING" 1/2018, pp. 5-39, DOI:10.3280/FR2018-001001


FrancoAngeli is a member of Publishers International Linking Association a not for profit orgasnization wich runs the CrossRef service, enabing links to and from online scholarly content
Buy here!

Information about the Journal
Subscribe to our FEED
to get a preview of the last issue of this journal

English Version
Versione Italiana

Download credit