Capital markets and valuation models of investment properties. A pre and post crisis analysis

Autor:	María Paz Horno-Bueno, Ana Licerán-Gutiérrez, Rafael Bautista-Mesa
Jazyk:	English<br />Spanish; Castilian
Rok vydání:	2022
Předmět:	investment property relevance Ohlson model fair value model historical cost model. Accounting. Bookkeeping HF5601-5689 Finance HG1-9999
Zdroj:	Revista de Contabilidad: Spanish Accounting Review, Vol 25, Iss 2 (2022)
Druh dokumentu:	article
ISSN:	1138-4891 1988-4672
DOI:	10.6018/rcsar.431411
Popis:	This work analyses the effect of the fair value and historical cost models, optionally applicable under IAS 40 for investment properties on the market value of Spanish groups of real estate listed companies between 2005 and 2018. The results of the application of the Ohlson Model do not suggest any relationship of financial information with the market value in the pre-crisis and economic crisis periods. However, in the post-crisis period, financial information represented by book value gains relevance, showing a significant positive relationship with the market value of real estate companies, although suggesting a reduction in the asymmetry of financial information in companies using the fair value method.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/e98dae0466dc4adbba1c35a8efe4b313 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF