Por favor, use este identificador para citar o enlazar este ítem: https://hdl.handle.net/10953/1441
Título: Capital markets and valuation models of investment properties. A pre and post crisis analysis
Autoría: Horno-Bueno, M Paz
Licerán-Gutiérrez, Ana
Bautista-Mesa, Rafael
Resumen: 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.
Palabras clave: Investment property
Relevance
Ohlson model
Fair value model
Historical cost model
Fecha: 1-jul-2022
Editorial: Editum
Citación: Horno-Bueno, M. P., Licerán-Gutiérrez, A., & Bautista-Mesa, R. (2022). Capital markets and valuation models of investment properties. A pre and post crisis analysis: Mercados de capitales y modelos de valoración de inversiones inmobiliarias. Un análisis pre y post-crisis. Revista de Contabilidad-Spanish Accounting Review, 25(2), 233-243.
Aparece en las colecciones: DEFC-Artículos

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