EuroEconomica, Vol 32, No 2 (2013)

Abstract

The present investigation is aiming to provide a general overview of academic literature on related party transactions topic. The study is based on the positive perspective and on fundamental (descriptive – conceptual) research type. The main investigation techniques used were: the literature review, the documents analysis, the comparative analysis, the non-participative observation. The principal result is that the literature generally provides two opposite theories based on which the related party transactions could be explained, namely:  the efficiency theory and the conflict of interest theory. However, a recent investigation proposed the related party transactions to be explained under a contingency perspective, which implies the overlap of these two theories mentioned above.