External Monitoring of Property Appraisal Estimates and Information Asymmetry

By Karl A. Muller, Edward J. Riedl. 2002

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Selection Bias and Econometric Remedies in Accounting and Finance Research (2011, unknown): “8 Peel and Makepeace [2009] state in their opening paragraph, “While Heckman two-step model procedures are employed in this context in an endeavor to control for unobserved selection bias, researchers are becoming aware of their potential sensitivity and are increasingly turning to propensity score ”
CEO Compensation and Fair Value Accounting: Evidence from Purchase Price Allocation (2010, unknown): “Impact of independent appraisers Dietrich et al. (2001) and Muller and Riedl (2002) argue that external appraisers may serve as monitors in fair value measurements and enhance the credibility of fair value estimates.”
Recognition versus Disclosure of Fair Values (2015, background): “2011), and that information asymmetry and information risk are lower when fair value disclosures are more reliable (Muller and Riedl 2002; Riedl and Serafeim 2011).”
Does fair value accounting for non-financial assets pass the market test? (2013, unknown): “This finding is consistent with the capital market benefits of fair value accounting for real estate firms documented in Muller et al. (2008). Real estate”