股权制衡、关联交易与企业价值

发布时间：2018-04-05 15:04

本文选题：股权制衡　切入点：关联交易规模　出处：《财会通讯》2017年24期

【摘要】：本文选择2010-2015年我国沪深两市A股发生关联交易的制造业上市企业为研究对象,分析了股权制衡、关联交易与企业价值三者之间的关系。研究表明:企业的大规模关联交易不利于企业价值的提升,即关联交易规模与企业价值之间显著负相关;股权制衡能正向调节关联交易规模与企业价值之间的关系,即股权制衡抑制了关联交易规模与企业价值之间的负相关。
[Abstract]:In this paper, we choose the listed manufacturing enterprises in Shanghai and Shenzhen A-shares from 2010-2015 as the research object, and analyze the relationship among equity balance, affiliated transaction and enterprise value.The research shows that the large-scale related party transaction is not conducive to the promotion of enterprise value, that is, the correlation between the scale of related party transaction and enterprise value is significantly negative, and the equity balance can positively adjust the relationship between the scale of related party transaction and the value of enterprise.That is, equity checks and balances inhibit the negative correlation between the scale of related party transactions and enterprise value.
【作者单位】：长春师范大学经济管理学院;
【分类号】：F271;F406.7;F425

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