An Empirical Examining of the Changes in Related-Party Transactions of Taiwan’s Publicly Listed Firms after the Inserting of a New “Related Enterprises” Chapter into Taiwan’s Corporation Law

碩士 === 逢甲大學 === 會計與財稅所 === 91 === Doing business with related enterprises has become the popular form of business operation. To protect the interests of minor investors and creditors, a new “Related Enterprises” chapter was inserted into Taiwan’s Corporation Law in the May of 1997. This study is thu...

Full description

Bibliographic Details
Main Authors: Yo-Chen Chen, 陳宥臻
Other Authors: Wei-Min Sheng
Format: Others
Language:zh-TW
Published: 2003
Online Access:http://ndltd.ncl.edu.tw/handle/31700901925914771826
id ndltd-TW-091FCU05671025
record_format oai_dc
spelling ndltd-TW-091FCU056710252015-10-13T17:01:20Z http://ndltd.ncl.edu.tw/handle/31700901925914771826 An Empirical Examining of the Changes in Related-Party Transactions of Taiwan’s Publicly Listed Firms after the Inserting of a New “Related Enterprises” Chapter into Taiwan’s Corporation Law 台灣上市公司關係人交易在關係企業專章立法通過前後行為之分析 Yo-Chen Chen 陳宥臻 碩士 逢甲大學 會計與財稅所 91 Doing business with related enterprises has become the popular form of business operation. To protect the interests of minor investors and creditors, a new “Related Enterprises” chapter was inserted into Taiwan’s Corporation Law in the May of 1997. This study is thus aimed to examine empirically the effects of this new regulation on the related-party transactions. This study first examines the related-party transactions, the content of the “Related Enterprises” chapter, and the related literature. Empirical test with publicly listed firms is then conducted, which covers: 1. A comparison of the total amount of related-party transactions pre and post the insertion of the new chapter; 2. Analysis of the individual item of related-party transactions; 3. Analysis of the standard deviation of the individual item of related-party transactions; 4. Analysis of the ratio of firms with transactions in the individual item; 5. Analysis of the mean of the individual item of related-party transactions. The main findings are: 1. The total amount of related-party transactions is significantly higher in the pre-insertion periods than in the post periods. 2. The maximal values of all items of related-party transactions tend to be rather large. The item of related-party endorsement and guarantee has the largest maximal value, whereas the item of related-party property transaction loss has the lowest maximal value. 3. Except for the two items of purchase from related parties and payable to the related parties, the standard deviations of all items of related-party transactions are significantly larger pre the insertion of the new chapter. 4. Among the various items of related-party transactions, purchase from related-party is the most prevalently observed item, followed by payable to related-party and related-party endorsement and guarantee. In addition, the ratio of firms with positive values in all items of related-party transactions, except for payable to related-party, increases significantly after the new chapter is inserted. 5. The means of most items of related-party transactions increase with time. Furthermore, the means of all items of related-party transactions, except for the item of payable to related-party, enhance after the new chapter is inserted. Wei-Min Sheng 沈維民 2003 學位論文 ; thesis 106 zh-TW
collection NDLTD
language zh-TW
format Others
sources NDLTD
description 碩士 === 逢甲大學 === 會計與財稅所 === 91 === Doing business with related enterprises has become the popular form of business operation. To protect the interests of minor investors and creditors, a new “Related Enterprises” chapter was inserted into Taiwan’s Corporation Law in the May of 1997. This study is thus aimed to examine empirically the effects of this new regulation on the related-party transactions. This study first examines the related-party transactions, the content of the “Related Enterprises” chapter, and the related literature. Empirical test with publicly listed firms is then conducted, which covers: 1. A comparison of the total amount of related-party transactions pre and post the insertion of the new chapter; 2. Analysis of the individual item of related-party transactions; 3. Analysis of the standard deviation of the individual item of related-party transactions; 4. Analysis of the ratio of firms with transactions in the individual item; 5. Analysis of the mean of the individual item of related-party transactions. The main findings are: 1. The total amount of related-party transactions is significantly higher in the pre-insertion periods than in the post periods. 2. The maximal values of all items of related-party transactions tend to be rather large. The item of related-party endorsement and guarantee has the largest maximal value, whereas the item of related-party property transaction loss has the lowest maximal value. 3. Except for the two items of purchase from related parties and payable to the related parties, the standard deviations of all items of related-party transactions are significantly larger pre the insertion of the new chapter. 4. Among the various items of related-party transactions, purchase from related-party is the most prevalently observed item, followed by payable to related-party and related-party endorsement and guarantee. In addition, the ratio of firms with positive values in all items of related-party transactions, except for payable to related-party, increases significantly after the new chapter is inserted. 5. The means of most items of related-party transactions increase with time. Furthermore, the means of all items of related-party transactions, except for the item of payable to related-party, enhance after the new chapter is inserted.
author2 Wei-Min Sheng
author_facet Wei-Min Sheng
Yo-Chen Chen
陳宥臻
author Yo-Chen Chen
陳宥臻
spellingShingle Yo-Chen Chen
陳宥臻
An Empirical Examining of the Changes in Related-Party Transactions of Taiwan’s Publicly Listed Firms after the Inserting of a New “Related Enterprises” Chapter into Taiwan’s Corporation Law
author_sort Yo-Chen Chen
title An Empirical Examining of the Changes in Related-Party Transactions of Taiwan’s Publicly Listed Firms after the Inserting of a New “Related Enterprises” Chapter into Taiwan’s Corporation Law
title_short An Empirical Examining of the Changes in Related-Party Transactions of Taiwan’s Publicly Listed Firms after the Inserting of a New “Related Enterprises” Chapter into Taiwan’s Corporation Law
title_full An Empirical Examining of the Changes in Related-Party Transactions of Taiwan’s Publicly Listed Firms after the Inserting of a New “Related Enterprises” Chapter into Taiwan’s Corporation Law
title_fullStr An Empirical Examining of the Changes in Related-Party Transactions of Taiwan’s Publicly Listed Firms after the Inserting of a New “Related Enterprises” Chapter into Taiwan’s Corporation Law
title_full_unstemmed An Empirical Examining of the Changes in Related-Party Transactions of Taiwan’s Publicly Listed Firms after the Inserting of a New “Related Enterprises” Chapter into Taiwan’s Corporation Law
title_sort empirical examining of the changes in related-party transactions of taiwan’s publicly listed firms after the inserting of a new “related enterprises” chapter into taiwan’s corporation law
publishDate 2003
url http://ndltd.ncl.edu.tw/handle/31700901925914771826
work_keys_str_mv AT yochenchen anempiricalexaminingofthechangesinrelatedpartytransactionsoftaiwanspubliclylistedfirmsaftertheinsertingofanewrelatedenterpriseschapterintotaiwanscorporationlaw
AT chényòuzhēn anempiricalexaminingofthechangesinrelatedpartytransactionsoftaiwanspubliclylistedfirmsaftertheinsertingofanewrelatedenterpriseschapterintotaiwanscorporationlaw
AT yochenchen táiwānshàngshìgōngsīguānxìrénjiāoyìzàiguānxìqǐyèzhuānzhānglìfǎtōngguòqiánhòuxíngwèizhīfēnxī
AT chényòuzhēn táiwānshàngshìgōngsīguānxìrénjiāoyìzàiguānxìqǐyèzhuānzhānglìfǎtōngguòqiánhòuxíngwèizhīfēnxī
AT yochenchen empiricalexaminingofthechangesinrelatedpartytransactionsoftaiwanspubliclylistedfirmsaftertheinsertingofanewrelatedenterpriseschapterintotaiwanscorporationlaw
AT chényòuzhēn empiricalexaminingofthechangesinrelatedpartytransactionsoftaiwanspubliclylistedfirmsaftertheinsertingofanewrelatedenterpriseschapterintotaiwanscorporationlaw
_version_ 1717778048659488768