Capital markets and valuation models of investment propertiesa pre and post crisis analysis

  1. Horno-Bueno, María Paz 1
  2. Licerán-Gutiérrez, Ana 2
  3. Bautista-Mesa, Rafael 3
  1. 1 Universidad de Jaén
    info

    Universidad de Jaén

    Jaén, España

    ROR https://ror.org/0122p5f64

  2. 2 Departamento de Economía Financiera y Contabilidad, Universidad de Jaén, Jaén-SPAIN
  3. 3 Universidad Loyola de Andalucía
Revista:
Revista de contabilidad = Spanish accounting review: [RC-SAR]

ISSN: 1138-4891

Año de publicación: 2022

Volumen: 25

Número: 2

Páginas: 233-243

Tipo: Artículo

DOI: 10.6018/RCSAR.431411 DIALNET GOOGLE SCHOLAR lock_openDIGITUM editor

Otras publicaciones en: Revista de contabilidad = Spanish accounting review: [RC-SAR]

Resumen

Este trabajo analiza el efecto de los modelos de valor razonable y coste histórico, aplicables opcionalmente según la NIC 40 para las inversiones inmobiliarias, sobre el valor de mercado de los grupos inmobiliarios cotizados españoles entre 2005 y 2018. Los resultados de la aplicación del Modelo de Ohlson no sugieren relación alguna de la información financiera con el valor de cotización en los períodos de pre-crisis y crisis económica. Sin embargo, en el período post-crisis, la información financiera representada por el valor en libros gana en relevancia, mostrando una relación positiva significativa con el valor de mercado de las empresas inmobiliarias, aunque sugiriendo una reducción en la asimetría de la información financiera en las empresas que utilizan el método del valor razonable.

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