Fair value measurement boosts accuracy and transparency in real estate accounting.
The article discusses how using fair value instead of the cost model can provide more accurate information about investment real estate. The researchers looked at fair value measurement in China's A-share market from 2017 to 2021. They found that fair value can better reflect the current real estate market and future expectations. The study suggests improving real estate trading platforms, reducing enterprise taxes, and enhancing information disclosure to help researchers and others in the field.