Language:

Stock Market Information and REIT Earnings Management

The Journal of real estate research, 2010-01, Vol.32 (1), p.101-138 [Peer Reviewed Journal]

Copyright American Real Estate Society Jan-Mar 2010 ;ISSN: 0896-5803 ;EISSN: 2691-1175 ;DOI: 10.1080/10835547.2010.12091271

Full text available

Citations Cited by

Actions
1. Add to My Research
2. Remove from My Research
3. E-mail
4. Print
5. Permalink
6. Citation
7. EasyBib
8. EndNote
9. RefWorks
10. Delicious
11. Export RIS
12. Export BibTeX

Title:
Stock Market Information and REIT Earnings Management
Author: Ambrose, Brent W. ; Bian, Xun
Subjects: Accounting ; Corporate governance ; Costs ; Creative accounting ; Decision making ; Dividends ; Earnings ; Earnings management ; Efficient markets ; Financial management ; Housing ; Hypotheses ; Incentives ; Income ; Income taxes ; Information ; Investment trusts ; Investments ; Investors ; Management decisions ; Price volatility ; Prices ; Real estate investment trusts ; Real estate market ; REITs ; Roles ; Securities markets ; Stock exchange ; Stock markets ; Stock prices ; Stockholders ; Studies ; Volatility
Is Part Of: The Journal of real estate research, 2010-01, Vol.32 (1), p.101-138
Description: This paper investigates the interaction between stock price movement and REIT earnings management. We examine whether information generated from stock price volatility influences managers’ incentives to engage in earnings management. Consistent with the efficient markets hypothesis, we find that suspected earnings-management firms do not appear to be more mispriced than others. In addition, using idiosyncratic volatility as a measure of private information embedded in stock price, we find that negative real earnings management, which allows REITs to circumvent the mandatory dividend payout requirement, is associated with greater information embedded in REIT stock prices. The result implies that information contained in stock price volatility motivates REIT managers to more actively avoid regulatory costs.
Publisher: Clemson: American Real Estate Society
Language: English
Identifier: ISSN: 0896-5803
EISSN: 2691-1175
DOI: 10.1080/10835547.2010.12091271
Source: ProQuest Central

Back to results list

Previous Result 13 Next Go to Next page


INSPIRE LIBRARY - TON DUC THANG UNIVERSITY	(84-028) 37 755 057	Feedback
19 Nguyen Huu Tho St. Dist.7, HCM	thuvien@tdtu.edu.vn	Feedback

Stock Market Information and REIT Earnings Management

Copyright American Real Estate Society Jan-Mar 2010 ;ISSN: 0896-5803 ;EISSN: 2691-1175 ;DOI: 10.1080/10835547.2010.12091271

Searching Remote Databases, Please Wait