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

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  • Andrikopoulos, Andreas
  • Merika, Anna
  • Merikas, Andreas
  • Sigalas, Christos

Abstract

•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.

Suggested Citation

  • Andrikopoulos, Andreas & Merika, Anna & Merikas, Andreas & Sigalas, Christos, 2021. "Related party transactions and principal-principal conflicts in public companies: Evidence from the maritime shipping industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 145(C).
    • Handle: RePEc:eee:transe:v:145:y:2021:i:c:s1366554520308140
    DOI: 10.1016/j.tre.2020.102171
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