Motivation Research About The Affiliated Transactions Between Corporations

The affiliated transaction has deeply economic roots. As a market behavior, affiliated transaction can lower the dealing cost and reduce the market risk, as well as increase the cooperate ability and maximize the profits. Due to its positive function, it has become one of the common tools for the multi-national and domestic corporations to enlarge the capital operation;but because of the affiliated transactions are carried out between the given affiliated parties and the relation is quite complex and secluded, affiliated transactions are used by many multi-national and domestic corporations to operate the profits, impropriate the fund, encroach the benefit of medium or diminutive shareholders and obtain unmerited profits. As the unsubstantial intendance and unsound related laws, unmerited affiliated transactions are more and more which has attracted the attention of the academia and the community for a long time. At present the research about the affiliated transactions by overseas and domestic academia mainly focuses on the fields of accountancy and law as well as how to regulate and prevent unmerited affiliated transactions. Little attention is paid to its motivation research from the economics and management.Firstly this article starts from the definition of the affiliated transaction and compares the determination of the affiliated relationship and transactions of the domestic, the American, the Britain and the international accounting standards which forms a general understandings about the contents, theformation and the quality of the affiliated transaction;secondly the paper specifies the causes of the affiliated transaction from the dealing cost theory, the property right theory and the corporate governmental structure theory to deepen the understandings about the affiliated transaction which is the academic basis of the following motivation research;thirdly the thesis dissertates the motivation of the affiliated transaction thoroughly based on the transaction purposes and make use of demonstration research method to arrive at the general conclusion: the motivations of the affiliated transaction are mulriple and complicated, several motivations can be contained by a affiliated transaction and is not simple as its exterior, so the quality determination of the affiliated transaction from its motivation should not only combine its background, but also its final influence towards the prosecution and management.