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Managing the fair value of investment property: Empirical evidence of earnings management in Swedish Real Estate
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2013 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

This study poses two questions relating to earnings management with the intent to mislead the market for the firms equity and debt. A multiple regression model is used to test two hypoteses through 7 hypothesized determinants of discretionary accruals and 3 control variables. A sample of Swedish real estate firms, including only the years when the firms are both quoted and have disclosed discretionary revaluations of their real estate properties is analyzed. Evidence is found of earnings management with the intent of misleading the stock market but no such evidence is found of earnings management with the intent of misleading the market for corporate debt. The implications of the findings are discussed and the direct and indirect harm of earnings management is specified.

Place, publisher, year, edition, pages
2013. , 23 p.
Keyword [en]
Abnormal accruals, Asymmetric information, Earnings management, Fair value, Real estate, IAS 40, Quantitative research
National Category
Business Administration
URN: urn:nbn:se:uu:diva-202729OAI: oai:DiVA.org:uu-202729DiVA: diva2:633091
Subject / course
Business Studies
Social and Behavioural Science, Law
Available from: 2013-06-26 Created: 2013-06-26 Last updated: 2013-06-26Bibliographically approved

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