Related Party Transactions from the Perspective of Public Shareholders

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dc.contributor.authorOzer, Ali
dc.contributor.authorUnal, Serkan
dc.contributor.authorCepni, Kerim
dc.date.accessioned2025-10-11T20:47:50Z
dc.date.available2025-10-11T20:47:50Z
dc.date.issued2025
dc.departmentDüzce Üniversitesien_US
dc.description.abstractTransactions between related parties, particularly those involving controlling shareholders, may pose a risk of financial detriment to minority shareholders while simultaneously providing a mechanism for controlling shareholders to accumulate profits in a manner that may be considered inequitable. This research seeks to examine the effects of related party transactions on shareholders from four distinct analytical angles, to enhance the investment decision-making process for investors. The study explores the relationship between related party transactions and several financial indicators of companies listed on Borsa Istanbul, including the free float ratio, stock price performance, dividend payout ratio, and Tobin's Q. The research utilized financial data from 339 companies listed on Borsa Istanbul, resulting in 1478 instances within an unbalanced panel data set. Methodologically, both fixed effects and random effects regression analyses were conducted. The analysis shows a positive relationship between debts owed to related parties and the free float ratio, as well as Tobin's Q ratio. Furthermore, a positive relationship is identified between receivables from related parties and the free float ratio, while a negative relationship is observed between receivables from related parties and Tobin's Q ratio. These findings corroborate the existence of agency costs and conflicts of interest between majority shareholders and minority shareholders. Despite the statistical significance of the findings, it is pertinent to note that the explanatory efficacy of the equations utilized is relatively modest.en_US
dc.identifier.doi10.30798/makuiibf.1440930
dc.identifier.endpage106en_US
dc.identifier.issn2149-1658
dc.identifier.issue1en_US
dc.identifier.startpage86en_US
dc.identifier.trdizinid1309123en_US
dc.identifier.urihttps://doi.org/10.30798/makuiibf.1440930
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1309123
dc.identifier.urihttps://hdl.handle.net/20.500.12684/21608
dc.identifier.volume12en_US
dc.identifier.wosWOS:001459796900005en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakTR-Dizinen_US
dc.language.isoenen_US
dc.publisherMehmet Akif Ersoy Univen_US
dc.relation.ispartofJournal of Mehmet Akif Ersoy University Economicsand Administrative Sciences Facultyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.snmzKA_WOS_20250911
dc.subjectRelated Party Transactionsen_US
dc.subjectAgency Costsen_US
dc.subjectTunnelingen_US
dc.titleRelated Party Transactions from the Perspective of Public Shareholdersen_US
dc.typeArticleen_US

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