Research on related party transactions (RPTs): a systematic review and bibliometric analysis

This study aims to offer new quantitative and qualitative insights into transaction efficiency and conflict of interest among minority and controlling shareholders in related party transactions (RPTs). We utilize systematic literature review (SLR) and bibliometric techniques to analyse 218 published articles. Our analysis identifies significant contributors, publishing sources, research groups, and maps the evolution of RPT themes and their relationship to contemporary theoretical frameworks. Subsequently, we conduct a comprehensive network and content analysis. Our findings indicate that research in RPTs began evolving post-global financial crisis, particularly since 2008, with East-Asian researchers dominating the intellectual discourse. Most studies are non-collaborative and based on empirical evidence from a limited number of countries. Methodologically, many studies employ descriptive statistics or regression techniques. We identify six thematic clusters contributing to the growth narrative of RPT research. Furthermore, we identify potential avenues for future research in RPTs and corporate governance while highlighting progressive trends and dynamics within the selected themes.