PASS-THROUGH BUSINESS ENTITY CHOICE AND EARNINGS MANAGEMENT: EVIDENCE FROM UK REAL ESTATE INVESTMENT TRUST CONVERSION
نویسندگان
چکیده
This empirical study innovatively investigates how the choice of a pass-through business entity and corresponding regulatory regime influence firms’ earnings management (EM) behaviors by testing on UK Real Estate Investment Trust (REIT) conversion. A substantial proportion non-REIT publicly traded property companies (LPCs) have chosen to become REITs since were launched in 2007. We conduct series tests database containing LPCs from 2000 2019 find that conversion into regimes like enjoy more favorable tax treatment but face restrictions leads accrual (AEM) activity, less real (REM) activity.
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ژورنال
عنوان ژورنال: International Journal of Strategic Property Management
سال: 2022
ISSN: ['1648-715X', '1648-9179']
DOI: https://doi.org/10.3846/ijspm.2022.16834