Purpose – Property valuers are often asked to allocate portions of the market value of a property to parts of the subject property. This paper aims to illustrate that the market value of a property cannot be divided into a market value for the land and a market value for the improvement....

Purpose – The purpose of this paper is to review the historic evolution of dual rate valuation practice in the UK from the nineteenth century to the present time. Design/methodology/approach – The paper is based on a review of published books, articles and letters dating from 1852. Findings...

Purpose – The major purpose of this paper is to refocus the appraisal profession on estimating value rather than explaining price. The appraisal profession itself encompasses many disciplines of valuation beyond real estate, and transcends disciplines such as economics, the construction...

Purpose – The main purpose of this study is to contribute to the theory of intellectual capital (IC) with the new IC valuation method based on the economic value added (EVA ® ) concept as well as to present the Innovation Funnel, which is a useful management method and tool from which...

Purpose – This paper seeks to reply/comment on the paper by Keith Hooper et al. , titled “‘Knowing the price of everything and the value of nothing’: accounting for heritage assets”. Design/methodology/approach – This note uses the economic theory of public goods to complement the...

Purpose – Most recent bank bailouts, from a financial and economic perspective, turn political. This paper seeks to frame ten effective implications/lessons of the most recent bank bailouts of 2007‐2009 in the Western economy model when analyzing actual shareholders' value retrenchment or...

From a theoretical perspective, there is an emergent trend toward the planning of financial public relations strategies in order to add financial value to businesses. However, the benefits of strategising and planning cannot be fully realised unless they are supported by the entire range of...

Purpose – This paper aims to introduce the reader to investigate some aspects of investment decision making from a constructivist perspective. Design/methodology/approach – The constructivist perspective is introduced in its dual nature of epistemology and of modelization. From...

Purpose – The purpose of the study was to provide empirical support for the Miller model. The paper proposes the use of the ratio of individual to institutional holdings as a proxy for heterogeneous expectations of security returns. Design/methodology/approach – Both bivariate t‐tests and...

Purpose – This paper aims to identify conceptual changes in the practical application of asset impairment testing methods as required under IAS (International Accounting Standards) 36. Design/methodology/approach – The paper explores general principles for an impairment testing framework, to...