Fair Value Measurement of Investment Real Estate: Deregulation or Lack of Coordination?— Research Based on China’s Capital Market Data

DOI

10.2991/aebmr.k.191217.054How to use a DOI?

Keywords

Investment real estate, Fair value, Valuation techniques, the asset appraisal

Abstract

In China’s capital market, the number of listed companies measuring investment real estate at fair value is gradually increasing. They have obvious industry and regional characteristics, and mainly rely on external professional appraisers to evaluate the fair value. By analyzing the financial reports of listed companies, we found that some regulation are contrary to the accounting standards for investment real estate: according to the third level parameter valuation, coexistence of bot the cost and fair value measurement modes, accounting standards are not in accordance with the guidance of investment real estate evaluation. We should improve the guidelines for the application of investment real estate accounting standards, issue specific explanations or application cases of investment real estate evaluation opinions, strengthen the publicity and popularization of accounting standards, implement joint supervision of accounting, securities and evaluation industries, improve the quality of fair value information of investment real estate, and make the reform of accounting standards better serve the development of capital market.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Qingyu Zhang
PY  - 2019
DA  - 2019/12/20
TI  - Fair Value Measurement of Investment Real Estate: Deregulation or Lack of Coordination?— Research Based on China’s Capital Market Data
BT  - Proceedings of the 2019 International Conference on Economic Management and Cultural Industry (ICEMCI 2019)
PB  - Atlantis Press
SP  - 307
EP  - 313
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.191217.054
DO  - 10.2991/aebmr.k.191217.054
ID  - Zhang2019
ER  -