Property portfolio composition and earnings management for listed property portfolios
Data(s) |
01/05/2014
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Resumo |
In this paper, we investigate how real estate portfolio composition impacts earnings management (EM) of New Zealand listed property portfolios (NZ-LPPs). We employ a panel dataset containing accounting and property data for NZ-LPPs. The findings include: (1) the office property ratio of the real estate portfolio provides the highest incentive for LPPs to engage in EM; (2) LPPs with a higher ratio of industry are less likely to use accrual EM and real EM approaches based on property transactions; and (3) LPPs with a hospital focus prefer accrual EM, while LPPs with a retail focus prefer long-term accrual EM and sales manipulation. |
Identificador | |
Idioma(s) |
eng |
Publicador |
American Real Estate Society |
Relação |
http://dro.deakin.edu.au/eserv/DU:30078475/liang-propertyportfolio-2014.pdf |
Direitos |
2014, American Real Estate Society |
Palavras-Chave | #earnings management #property portfolio characteristics #earnings performance #real estate investment trusts #listed property portfolios |
Tipo |
Journal Article |