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

Andreas Andrikopoulos, Anna Merika, Andreas Merikas and Christos Sigalas

Transportation Research Part E: Logistics and Transportation Review, 2021, vol. 145, issue C

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.

Date: 2021
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DOI: 10.1016/j.tre.2020.102171

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