Purpose: The purpose of this article is to study how fair values in financial reports are audited. Design/methodology/approach: The study is a qualitative case study based on in-depth interviews. Findings: One important finding is that auditors anchor in the figure presented by the company, and...

Purpose: The purpose of this study is to describe and analyse the methods and standards of valuation used by Swedish professional property valuers when appraising commercial properties and factors affecting those standards. The study builds on a 2002 comparative study of valuers in four...

Purpose: The purpose of this paper is to discuss how the concepts market value (MV) and exit price should be interpreted in thin markets and how accounting rules may need to change to take this into account. Design/methodology/approach: This is a conceptual paper using hypothetical examples as...

Purpose – The purpose of this paper is to clarify the concept of bubble, what it means to explain a bubble and propose a list of bubble indicators. Design/methodology/approach – The paper is based on a literature review and some philosophical ideas to derive conclusions for the problems...

Purpose – The purpose of this paper is to try to explain how long‐term mismanagement of a housing estate could arise in a country with a strong legal framework aimed at preventing such situations. Design/methodology/approach – Assuming that both tenants and landlords are rational, the...

An income tax can have side effects like decreased labor supply and lower effort levels. These side effects are important to consider in the decision of whether to introduce the tax. The terms deadweight lossand excess burdenare used by mainstream economists in this context. In this article, it...

<title>ABSTRACT</title> The purpose of the paper is to critically evaluate the conceptual distinction between investment and maintenance. The study starts from a number of definitions in the literature and discusses these from the perspective of standard investment theory. The article argues that the standard...