Investigation about the Complex of Related Party Transactions

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 nonparticipative 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.