Cheung, Yan-Leung; Qi, Yuehua; Raghavendra Rau, P.; … - In: Journal of Banking & Finance 33 (2009) 5, pp. 914-924
We examine a sample of 254 related party and arms' length acquisitions and sales of assets in Hong Kong during 1998-2000. Our analysis shows that publicly listed firms enter deals with related parties at unfavourable prices compared to similar arms' length deals. Firms acquire assets from...