Choice of measurement basis and discretionary valuation of real estate:Evidence from Dutch Social Housing Associations
In this study, I examine choice of measurement basis and managerial discretion in accounting for real estate, where I compare measurement on the basis of discounted cash flow (DCF) with measurement based on historical cost (HC). I exploit unique data in the setting of social housing associations (SHAs) in the Netherlands, using data from a supervisory agency which makes an independent assessment of the value of real estate based on comparable assumptions across all SHAs, allowing for a comparison with reported carrying amounts. In line with prior literature, I find that leverage is positively... Mehr ...
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Dokumenttyp: | Artikel |
Erscheinungsdatum: | 2023 |
Reihe/Periodikum: | Boterenbrood , R 2023 , ' Choice of measurement basis and discretionary valuation of real estate : Evidence from Dutch Social Housing Associations ' , Journal of Accounting and Public Policy , vol. 42 , no. 3 , 107035 . https://doi.org/10.1016/j.jaccpubpol.2022.107035 |
Schlagwörter: | Current-value measurements / Historical cost / Opportunistic behavior / Social housing / /dk/atira/pure/sustainabledevelopmentgoals/sustainable_cities_and_communities / name=SDG 11 - Sustainable Cities and Communities |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26687116 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | https://research.vu.nl/en/publications/b569beaa-c3a5-40b2-99a9-87efbc3d3348 |