Related party transactions and firm value in an emerging market: Does corporate social responsibility matter?
AbstractThis study investigates the effect of related party transactions (RPTs) on firm value (FV) with moderating role of corporate social responsibility (CSR) in the context of an emerging market. For a sample of 625 listed firms on the Vietnamese Stock Exchange from 2015 to 2019, we do quantitati...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis Group
2023-12-01
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| Series: | Cogent Economics & Finance |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2023.2186036 |
| _version_ | 1797658396738977792 |
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| author | Nguyen Vinh Khuong Tran Trung Kien Le Ong Tieu Bang Dinh Ho Tuyet Anh Van Cong Danh Pham Xuan Hung Nguyen Ai Ngan |
| author_facet | Nguyen Vinh Khuong Tran Trung Kien Le Ong Tieu Bang Dinh Ho Tuyet Anh Van Cong Danh Pham Xuan Hung Nguyen Ai Ngan |
| author_sort | Nguyen Vinh Khuong |
| collection | DOAJ |
| description | AbstractThis study investigates the effect of related party transactions (RPTs) on firm value (FV) with moderating role of corporate social responsibility (CSR) in the context of an emerging market. For a sample of 625 listed firms on the Vietnamese Stock Exchange from 2015 to 2019, we do quantitative analysis utilizing the appropriate method for panel data with modification to strengthen the study’s robustness. We design a regression model to test the result. According to the findings of the study, RPTs have an effect on corporate value. This is in keeping with the belief that CSR reporting, which represents a company’s ethical concerns, might act as a deterrent to opportunism by management. Our study makes recommendations to improve transaction transparency with corporate stakeholders, contributing to the growth of the Vietnamese stock exchange. |
| first_indexed | 2024-03-11T17:58:26Z |
| format | Article |
| id | doaj.art-db882008273f41fbac1346130acfcdd8 |
| institution | Directory Open Access Journal |
| issn | 2332-2039 |
| language | English |
| last_indexed | 2024-03-11T17:58:26Z |
| publishDate | 2023-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj.art-db882008273f41fbac1346130acfcdd82023-10-17T10:51:07ZengTaylor & Francis GroupCogent Economics & Finance2332-20392023-12-0111110.1080/23322039.2023.2186036Related party transactions and firm value in an emerging market: Does corporate social responsibility matter?Nguyen Vinh Khuong0Tran Trung Kien1Le Ong Tieu Bang2Dinh Ho Tuyet Anh3Van Cong Danh4Pham Xuan Hung5Nguyen Ai Ngan6University of Economics and Law, Ho Chi Minh City, VietnamSchool of Public Finance, College of Economics, Law and Government, University of Economics Ho Chi Minh City, Ho Chi Minh City, VietnamUniversity of Economics and Law, Ho Chi Minh City, VietnamUniversity of Economics and Law, Ho Chi Minh City, VietnamUniversity of Economics and Law, Ho Chi Minh City, VietnamUniversity of Economics and Law, Ho Chi Minh City, VietnamUniversity of Economics and Law, Ho Chi Minh City, VietnamAbstractThis study investigates the effect of related party transactions (RPTs) on firm value (FV) with moderating role of corporate social responsibility (CSR) in the context of an emerging market. For a sample of 625 listed firms on the Vietnamese Stock Exchange from 2015 to 2019, we do quantitative analysis utilizing the appropriate method for panel data with modification to strengthen the study’s robustness. We design a regression model to test the result. According to the findings of the study, RPTs have an effect on corporate value. This is in keeping with the belief that CSR reporting, which represents a company’s ethical concerns, might act as a deterrent to opportunism by management. Our study makes recommendations to improve transaction transparency with corporate stakeholders, contributing to the growth of the Vietnamese stock exchange.https://www.tandfonline.com/doi/10.1080/23322039.2023.2186036Related party transactionsFirm valueRPT salesRPT purchasesRPT totalCorporate social responsibility |
| spellingShingle | Nguyen Vinh Khuong Tran Trung Kien Le Ong Tieu Bang Dinh Ho Tuyet Anh Van Cong Danh Pham Xuan Hung Nguyen Ai Ngan Related party transactions and firm value in an emerging market: Does corporate social responsibility matter? Cogent Economics & Finance Related party transactions Firm value RPT sales RPT purchases RPT total Corporate social responsibility |
| title | Related party transactions and firm value in an emerging market: Does corporate social responsibility matter? |
| title_full | Related party transactions and firm value in an emerging market: Does corporate social responsibility matter? |
| title_fullStr | Related party transactions and firm value in an emerging market: Does corporate social responsibility matter? |
| title_full_unstemmed | Related party transactions and firm value in an emerging market: Does corporate social responsibility matter? |
| title_short | Related party transactions and firm value in an emerging market: Does corporate social responsibility matter? |
| title_sort | related party transactions and firm value in an emerging market does corporate social responsibility matter |
| topic | Related party transactions Firm value RPT sales RPT purchases RPT total Corporate social responsibility |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2023.2186036 |
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