CRISIS EFFECTS ON TANGIBLE ASSETS REVALUATIONS A STUDY OVER ROMANIAN BUILDINGS

Muresan Diana
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Muresan Diana: Universitatea Babes-Bolyai, Facultatea De Stiinte Economice si Gestiunea Afacerilor

Annals - Economy Series, 2013, vol. 2, 197-203

Abstract: In this paper we have tried to measure the impact that crisis it had over the revaluation process of buildings from Romania. This study includes a sample of 239 buildings from a district from Romania. Buildings belong to 67 shares companys. The period we have analyzes is between 2008 to 2011 but we have also used data about the past years of revaluation in order to establish the differences. The study involves observing the values fluctuations of buildings during financial crisis. To measure buildings fluctuations we have used fair value obtained during revaluation and inventory value recorded before revaluation, also used as imposable value. Having this two important values, we have compared them in order to observe if exists an increase or a decrease during the years of financial crisis. We have followed the evolution of revaluation differences whithin years and values observing both apreciations and depreciations. Also, we have analysed the periodicity with which buildings are revaluated and its importance over the taxation. Results show that the majority of the buildings have experienced a decrease from initial value in the period when our country passed through the famous crisis. In the years following the crisis buildings values have increased slightly, most registering increases up to 25%. Also, it shows that most companies which make reassessments of buildings, usually are done at 3 years to pay a minimum tax.

Keywords: Asset reevaluation; economic crisis; buildings; Romania. (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2013:v:2:p:197-203

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