Topics Underpinning Academic Articles on Related-Party Transactions
DOI:
https://doi.org/10.9771/rcufba.v19i1.64593Keywords:
related-party transaction, agency theory, corporate governanceAbstract
This article presents a systematic literature review on related party transactions, based on publications indexed in the Scopus database between 2012 and 2023. The final sample included 153 studies, which were analyzed qualitatively. The research identified eight major recurring themes: taxation and contracts, performance and market, dividends and compensation, ownership, corporate governance and auditing, standards and regulation, fraud, and earnings management. These themes are highly interconnected, revealing the complexity of the phenomenon and its presence across multiple areas of accounting and financial knowledge. The literature suggests that such transactions can be used both legitimately and opportunistically, as in the cases of tunneling and propping. A predominance of theoretical approaches based on conflicts of interest and information asymmetry is observed. The findings highlight important gaps, such as the measurement of intangible assets transferred between related parties and the effectiveness of disclosure requirements in diverse institutional contexts. This article does not present definitive conclusions or final opinions. Instead, it aims to contribute to future research by systematizing the main debates, highlighting underexplored areas, and encouraging comparative and critical approaches. The implications are theoretical, by expanding the understanding of the role of these transactions in corporate structures, and also practical, by offering insights to regulators and policymakers concerned with expropriation risks and the improvement of governance mechanisms.
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