Discriminatory related party transactions

This thesis develops two objectives. The first objective is to develop a new improved measure for DRPTs. To achieve the first objective, this thesis develops and tests a measure that seeks to distinguish the proportion of transactions in total RPTs that is discriminatory from the proportion that is based on legitimate business motives. The second objective of the thesis is to investigate the effectiveness of Bangladesh’s 2006 reforms for protecting minority shareholders from DRPTs. For this Oliver Williamson’s Market and Hierarchy model is used as a theoretical framework.

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