{"id":"https://openalex.org/W3125929902","doi":"https://doi.org/10.1016/j.jbankfin.2008.10.002","title":"Buy high, sell low: How listed firms price asset transfers in related party transactions","display_name":"Buy high, sell low: How listed firms price asset transfers in related party transactions","publication_year":2008,"publication_date":"2008-10-09","ids":{"openalex":"https://openalex.org/W3125929902","doi":"https://doi.org/10.1016/j.jbankfin.2008.10.002","mag":"3125929902"},"language":"en","primary_location":{"id":"doi:10.1016/j.jbankfin.2008.10.002","doi":"https://doi.org/10.1016/j.jbankfin.2008.10.002","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2008.10.002","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking & Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5051594129","display_name":"Yan\u2010Leung Cheung","orcid":"https://orcid.org/0000-0001-9166-8599","observed_orcids":["https://orcid.org/0000-0001-9166-8599"]},"institutions":[{"id":"https://openalex.org/I168719708","display_name":"City University of Hong Kong","ror":"https://ror.org/03q8dnn23","country_code":"HK","type":"education","lineage":["https://openalex.org/I168719708"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Yan-Leung Cheung","raw_affiliation_strings":["Department of Economics and Finance, City University of Hong Kong, 83 Tat Chee Avenue, Kowloon Tong, Hong Kong, People\u2019s Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics and Finance, City University of Hong Kong, 83 Tat Chee Avenue, Kowloon Tong, Hong Kong, People\u2019s Republic of China","institution_ids":["https://openalex.org/I168719708"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5087633981","display_name":"Yuehua Qi","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I168719708","display_name":"City University of Hong Kong","ror":"https://ror.org/03q8dnn23","country_code":"HK","type":"education","lineage":["https://openalex.org/I168719708"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Yuehua Qi","raw_affiliation_strings":["Department of Economics and Finance, City University of Hong Kong, 83 Tat Chee Avenue, Kowloon Tong, Hong Kong, People\u2019s Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics and Finance, City University of Hong Kong, 83 Tat Chee Avenue, Kowloon Tong, Hong Kong, People\u2019s Republic of China","institution_ids":["https://openalex.org/I168719708"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5040628119","display_name":"P. Raghavendra Rau","orcid":"https://orcid.org/0000-0002-3320-5104","observed_orcids":["https://orcid.org/0000-0002-3320-5104","https://orcid.org/0000-0001-7479-6169"]},"institutions":[{"id":"https://openalex.org/I219193219","display_name":"Purdue University West Lafayette","ror":"https://ror.org/02dqehb95","country_code":"US","type":"education","lineage":["https://openalex.org/I219193219"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"P. Raghavendra Rau","raw_affiliation_strings":["Barclays Global Investors and Krannert Graduate School of Management, Purdue University, MGMT, KRAN, 403 West State Street, West Lafayette, IN 47907-2056, USA"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Barclays Global Investors and Krannert Graduate School of Management, Purdue University, MGMT, KRAN, 403 West State Street, West Lafayette, IN 47907-2056, USA","institution_ids":["https://openalex.org/I219193219"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5078476385","display_name":"Aris Stouraitis","orcid":"https://orcid.org/0000-0002-0358-8546","observed_orcids":["https://orcid.org/0000-0002-0358-8546"]},"institutions":[{"id":"https://openalex.org/I168719708","display_name":"City University of Hong Kong","ror":"https://ror.org/03q8dnn23","country_code":"HK","type":"education","lineage":["https://openalex.org/I168719708"]}],"countries":["HK"],"is_corresponding":true,"raw_author_name":"Aris Stouraitis","raw_affiliation_strings":["Department of Economics and Finance, City University of Hong Kong, 83 Tat Chee Avenue, Kowloon Tong, Hong Kong, People\u2019s Republic of China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics and Finance, City University of Hong Kong, 83 Tat Chee Avenue, Kowloon Tong, Hong Kong, People\u2019s Republic of China","institution_ids":["https://openalex.org/I168719708"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5078476385"],"corresponding_institution_ids":["https://openalex.org/I168719708"],"apc_list":{"value":3340,"currency":"USD","value_usd":3340},"apc_paid":null,"fwci":7.6031,"has_fulltext":false,"cited_by_count":162,"citation_normalized_percentile":{"value":0.97300824,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":98,"max":100},"biblio":{"volume":"33","issue":"5","first_page":"914","last_page":"924"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.989300012588501,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.989300012588501,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.008100000210106373,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/related-party-transactions","display_name":"related-party transactions","score":0.9940000176429749},{"id":"https://openalex.org/keywords/asset-transfer","display_name":"asset transfer","score":0.8679999709129333},{"id":"https://openalex.org/keywords/transaction-pricing","display_name":"transaction pricing","score":0.6309999823570251},{"id":"https://openalex.org/keywords/acquisitions","display_name":"acquisitions","score":0.7059999704360962},{"id":"https://openalex.org/keywords/divestment","display_name":"divestiture","score":0.9639999866485596},{"id":"https://openalex.org/keywords/audit-committee","display_name":"audit committee","score":0.7360000014305115},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.9990000128746033},{"id":"https://openalex.org/keywords/listed-companies","display_name":"listed companies","score":0.8510000109672546},{"id":"https://openalex.org/keywords/hong-kong-listed-companies","display_name":"Hong Kong listed companies","score":0.6959999799728394}],"concepts":[{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.7287543416023254},{"id":"https://openalex.org/C181190989","wikidata":"https://www.wikidata.org/wiki/Q1200733","display_name":"Divestment","level":2,"score":0.713100016117096},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5456581115722656},{"id":"https://openalex.org/C75949130","wikidata":"https://www.wikidata.org/wiki/Q848010","display_name":"Database transaction","level":2,"score":0.543183445930481},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.5293660163879395},{"id":"https://openalex.org/C76178495","wikidata":"https://www.wikidata.org/wiki/Q4808784","display_name":"Asset (computer security)","level":2,"score":0.5171051025390625},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.469348281621933},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4562895894050598},{"id":"https://openalex.org/C199521495","wikidata":"https://www.wikidata.org/wiki/Q181487","display_name":"Audit","level":2,"score":0.43917179107666016},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.41078513860702515},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.23060420155525208},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.jbankfin.2008.10.002","doi":"https://doi.org/10.1016/j.jbankfin.2008.10.002","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2008.10.002","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking & Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:jbfina:v:33:y:2009:i:5:p:914-924","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0378-4266(08)00231-8","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":52,"referenced_works":["https://openalex.org/W57379897","https://openalex.org/W1522582389","https://openalex.org/W1812161316","https://openalex.org/W1900977915","https://openalex.org/W1987665852","https://openalex.org/W1988219958","https://openalex.org/W2036323865","https://openalex.org/W2037981693","https://openalex.org/W2053796142","https://openalex.org/W2056549006","https://openalex.org/W2066111557","https://openalex.org/W2067294622","https://openalex.org/W2069571076","https://openalex.org/W2090758019","https://openalex.org/W2101288735","https://openalex.org/W2108818539","https://openalex.org/W2115927074","https://openalex.org/W2120744852","https://openalex.org/W2122691861","https://openalex.org/W2127839771","https://openalex.org/W2131538393","https://openalex.org/W2153082366","https://openalex.org/W2161191006","https://openalex.org/W2162012454","https://openalex.org/W2479717955","https://openalex.org/W2741800057","https://openalex.org/W2891389313","https://openalex.org/W3022067204","https://openalex.org/W3121297842","https://openalex.org/W3121616915","https://openalex.org/W3121693921","https://openalex.org/W3121759882","https://openalex.org/W3121987147","https://openalex.org/W3122673748","https://openalex.org/W3123085623","https://openalex.org/W3123091495","https://openalex.org/W3123140601","https://openalex.org/W3123394183","https://openalex.org/W3123515658","https://openalex.org/W3124472664","https://openalex.org/W3124737349","https://openalex.org/W3124747412","https://openalex.org/W3124859647","https://openalex.org/W3125043325","https://openalex.org/W3125100392","https://openalex.org/W3125469707","https://openalex.org/W3125684456","https://openalex.org/W3125792452","https://openalex.org/W4229845641","https://openalex.org/W4229938819","https://openalex.org/W4232286240","https://openalex.org/W4235794774"],"related_works":["https://openalex.org/W3121278554","https://openalex.org/W4412979896","https://openalex.org/W3027187527","https://openalex.org/W6944145391","https://openalex.org/W2971753736","https://openalex.org/W2392810360","https://openalex.org/W2371852955","https://openalex.org/W2370423494","https://openalex.org/W2602750055","https://openalex.org/W2312498795"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":12},{"year":2024,"cited_by_count":14},{"year":2023,"cited_by_count":14},{"year":2022,"cited_by_count":12},{"year":2021,"cited_by_count":11},{"year":2020,"cited_by_count":11},{"year":2019,"cited_by_count":14},{"year":2018,"cited_by_count":6},{"year":2017,"cited_by_count":9},{"year":2016,"cited_by_count":10},{"year":2015,"cited_by_count":6},{"year":2014,"cited_by_count":11},{"year":2013,"cited_by_count":14},{"year":2012,"cited_by_count":5}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2021-02-01T00:00:00"}