Economic policy uncertainty, related-party transactions and corporate liquidity

Lei Wang, Xinyi Qu, Yunquan Wang, Jun Lu and Qi Wang

Finance Research Letters, 2025, vol. 76, issue C

Abstract: This study examines the impact of economic policy uncertainty on enterprises' related-party transactions using a sample of listed companies from 2018 to 2022. The findings indicate that related-party transactions increase as economic policy uncertainty rises. Enhanced economic policy uncertainty leads to decreased corporate liquidity, prompting enterprises to engage in more related-party transactions. Additionally, non-state-owned enterprises exhibit stronger incentives to conduct related-party transactions when economic policy uncertainty increases.

Keywords: Economic policy uncertainty; Related-party transactions; Corporate liquidity (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:76:y:2025:i:c:s1544612325002740

DOI: 10.1016/j.frl.2025.107010

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