Negative Entrenchment Effect of Business Group Conglomerates on Selling and Purchasing Related Party Transactions  

Oleh:

Ayuningtyas, Dayinta ; Diyanty, Vera

Jenis: Article from Journal - ilmiah nasional - terakreditasi DIKTI
Dalam koleksi: Journal of Economics, Business, & Accountancy: ventura vol. 19 no. 3 (2017), page 415 – 426 .
Topik: Business Group Conglomerates; Negative Entrenchment Effect; Selling and Purchasing Related Party Transaction; and Ultimate Owner.
Fulltext: 480-2498-1-PB_Ros.pdf (477.57KB)

Isi artikel

This study aims to explain the negative entrenchment effect arisen from selling and purchasing related party transactions on business group conglomerates. This study used 322 firm-year data of firms listed on Indonesia Stock Exchange in 2012-2013 period. This research provides evidence that the ownership by business conglomerates strengthened the negative entrenchment effect in both total of sellingpurchasing related party transactions and selling-purchasing related party transactions which come from operating activities. Thus, from the result, it can be presumed that there might be a possibility of agency conflict arisen from sellingpurchasing related party transactions when a firm is part of business conglomerates

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