| Summary: | 碩士 === 國立成功大學 === 財務金融研究所碩士在職專班 === 105 === This paper aims to discover the association between the establishment of audit committees and related party transactions using a Tobit censored regression model. The analysis is based on a set of data collected from a number of listed companies in Taiwan, excluding those in the finance, insurance, and securities sectors, for the period between 2007 and 2014. The analysis reveals that the remuneration of a supervisory board, the establishment of an audit committee and the operational quality of the audit committee are all negatively correlated with related party transactions.
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