Influencing Factors Analysis Of Related-Party Transaction Of The Listed Companies After The Overall Listing

As a kind of method of transactions, related-party transactions always is controversial, The domestic research are not optimistic about the situation. Most scholars believe that because of the imperfect domestic legal environment and irrational stock market setting, related party transactions and did not lower transaction costs, improve operational efficiency and the company's performance. Because the largest shareholder control the bulk of the resources of listed companies in China, Related-party transaction become a kind of method, in which the largest shareholder can achieve his own benefit. But as a new method of enterprise merger and acquisition, overall listing can not only reduce the intra-trade competition, but also because overall listing merge and restructure the operations and assets of Group Company, it can maximize the company benefit, and then realize economies of scale and Synergy. In addition, the most important role of overall listing is reducing the related-party transactions.This article firstly reviewed both domestic and foreign literature from the related party transactions and overall listing, and the current research situations. Based on classification on the previous research, research foundation is established. Then in the second chapter the related theoretical knowledge was introduced. including the source of the concept" the overall listing", mode and the advantages and disadvantages, listing company, related-party, related-party transactions, the definition of related-party transactions, how to determine the related-party and the relevant provisions about the related-party transactions in our enterprise accounting system.Based on these and the analysis of the relationship between overall listing and related-party transactions, the hypothesis was presented in this paper, and finally the article further analyzed the factor of impacting the scale of related-party transactions by empirical research ownership Structure. Only if there are the largest shareholders with a high shareholding ratio, the related-party transactions would be large scale, and this situation increases with the high shareholding ratio, proceed descriptive statistics, correlation and regression analysis by using the latest data. The last chapter is the conclusion of this article. It is:in the overall listing company, due to the change of the ownership Structure, the scale of the related-party transactions was affected. The scale of the related-party transactions significantly correlated with the largest shareholder, current shareholders and about the research methods, the article established regression models and ownership Structure. Only if there are the largest shareholders with a high shareholding ratio, the related-party transactions would be large scale, and this situation increases with the high shareholding ratio.