Journal of Applied Sciences1812-56541812-5662Asian Network for Scientific Information10.3923/jas.2013.1213.1219ZhiguoL. I.82013138The implicit related-party transaction has its own particularity
on the background of Chinese listed companies. It has strong significance of
study the implicit related-party transaction. The study thinks that the related
party transaction within the group of decrease implicit transaction costs but
increased the cost of small shareholders. Hidden costs have stronger influence
on hidden related party transactions. Hidden costs increase agency costs but
the relationship between the hidden costs and the size of related party transactions
is uncertain. So it is necessary to distinguish related-party transactions from
the point of normative research.]]>Dietrich, M.,1999Yugang, C. and L. Shanmin,2007490100Shleifer, A. and W. Daniel,200266327Comes, N.,200155615646Enriques, L. and P. Volpin,200721117140Berkman, H., R.A. Cole and L.J. Fu,200933141156La Porta, R., F. Lopez-de-Silanes and G. Zamarripa,2003118231268Tian, X.,20126520531Miao, L.,20124339346Sheng, M., W. Keyi and W. Jian,20116415424