與進貨銷貨有關之關係人交易對公司價值的影響

The Impact of Related Party Transactions Related to Purchase and Sale on Firm Value

張素政(Su-Cheng Chang)

指導教授 ： 倪衍森

淡江大學/商管學院/管理科學學系企業經營碩士在職專班/碩士(2021年)

https://doi.org/10.6846/TKU.2021.00094

摘要

本研究為探討與進貨與銷貨的關係人交易對公司價值的影響，並納入公司治理的股權結構變數與財報變數一併探討。並有以下的重要研究發現，其一、越高的關係人交易的進貨比重對公司價值有負面的影響；同樣地，越高的關係人交易銷貨比重對企業價值亦有負面影響，此代表關係人交易比重越高的公司，並非正面。其二、本研究亦發生股權結構與財報表現較優異的公司，也有較佳的公司價值。

關鍵字

關係人交易 ； 公司績效 ； 公司治理

並列摘要

We explore whether RPT-purchase ratio and RPT-sale ratio would affect firm value after incorporating board structure and financial statement variables, and then reveal the following important findings. First, the firms with either high RPT-purchase ratio or high RPT-sales ratio would all negatively affect firm value, indicating that the firm with higher RPT ratio might not be beneficial firm value enhanced. Second, the firms with well-functioned board structure and better financial performance would have higher firm value as well.

並列關鍵字

Related Party Transactions ； Purchase ； Sales ； Firm Value

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