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This article is the first to identify and estimate developers’ supply functions for real estate attributes. It introduces instruments that separate the demand side effects of real estate attributes and capture the nature of developers upon their initial business establishment into a two-stage...
Persistent link: https://www.econbiz.de/10014080512
Persistent link: https://www.econbiz.de/10011780568
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...
Persistent link: https://www.econbiz.de/10013044457