European versus US corporations: A comparison of property holdings
Abstract
This paper compares the corporate property holdings of European and US corporations. The authors initially calculate standard benchmarks based on accounting and balance‐sheet information as of 1999, and then test for significant differences by two‐digit standard industrial classification levels between European and US firms. They follow the methodology of Johnson and Keasler (1993) and compare property, plant and equipment book values to a variety of non‐property balance sheet and market value figures. However, this paper extends previous research through a comparative analysis of 1,573 US firms to 2,182 European firms. The findings suggest there are significant differences between Europe and the USA, dependent on the specific benchmark and industrial sector. The conclusions postulate a variety of explanations of the corporate property differences and provide ideas for further research.
Keywords
Citation
Laposa, S. and Charlton, M. (2001), "European versus US corporations: A comparison of property holdings", Journal of Corporate Real Estate, Vol. 4 No. 1, pp. 34-47. https://doi.org/10.1108/14630010210811741
Publisher
:MCB UP Ltd
Copyright © 2001, MCB UP Limited