Paz Horno-Bueno, Maria , Liceran-Gutierrez, Ana , BAUTISTA MESA, RAFAEL JESÚS
No
Rev. Contab.
Article
Científica
1.8
0.355
01/07/2022
000822630200005
2-s2.0-85135228362
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. (C) 2022 ASEPUC. Published by EDITUM -Universidad de Murcia.
Investment property; Relevance; Ohlson model; Fair value model; Historical cost model