In business, a related party transaction is a transaction which takes place between two parties who hold a pre-existing connection prior to the transaction. An example is how a dominant shareholder may benefit from making one of their companies trade with another at advantageous prices. Related party transactions can be a reason for a Type II agency relationship (conflicts among controlling and non-controlling shareholders), as they are not necessarily in the best interest of minority shareholders.
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| - Related party transaction (en)
- 关联交易 (zh)
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| - 关联方交易是指在交易前就存在联系的兩家公司之间进行的交易。国际财务报告准则IAS 24 要求公司在其财务报表中要披露关联方交易。 (zh)
- In business, a related party transaction is a transaction which takes place between two parties who hold a pre-existing connection prior to the transaction. An example is how a dominant shareholder may benefit from making one of their companies trade with another at advantageous prices. Related party transactions can be a reason for a Type II agency relationship (conflicts among controlling and non-controlling shareholders), as they are not necessarily in the best interest of minority shareholders. (en)
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| - In business, a related party transaction is a transaction which takes place between two parties who hold a pre-existing connection prior to the transaction. An example is how a dominant shareholder may benefit from making one of their companies trade with another at advantageous prices. Related party transactions can be a reason for a Type II agency relationship (conflicts among controlling and non-controlling shareholders), as they are not necessarily in the best interest of minority shareholders. In commercial law, special regulations may apply restricting related party transactions, such as Part 2E of Australia's Corporations Act 2001, which requires companies to seek approval from their members for such a transaction to take place. International Financial Reporting Standard IAS 24 requires companies to disclose related party transactions in their financial statements. (en)
- 关联方交易是指在交易前就存在联系的兩家公司之间进行的交易。国际财务报告准则IAS 24 要求公司在其财务报表中要披露关联方交易。 (zh)
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