Empirical Study on the Relationship between Controlling Shareholders and Related Transactions in Chinese Listed Firms

摘要

664 listed companies with the standard auditing opinions by CPA are chosen as the research sample from Shanghai stock mark, which disclose the important connected transactions in financial statements in 2009. The characters of phenomenon of earnings management in China's listed company are studied by descriptive statistics and nonparametric tests. Then this paper draws conclusions as follows: There are the phenomena of earnings management in the research sample. Listed companies which have first major stockholder, the connection transaction degree are higher.