@article{Madrid Guijarro_Navarro-García_2016, title={La actividad económica real y la información contable en las empresas españolas del sector de la construcción: Real economic activity and accounting information in Spanish construction and real estate firms}, volume={19}, url={https://revistas.um.es/rcsar/article/view/367141}, DOI={10.1016/j.rcsar.2014.10.002}, abstractNote={<p>The aim of this work is to determine whether the accounting information provided by construction and real estate firms in Spain reflects the real economic activity, during upswings and downturns. A relationship is found between economic conditions and financial reporting in a continental European country such as Spain. Although there is a relationship between real housing price growth and financial accounting measures, real estate companies seem to show an artificial position, since they only present a relationship with Return on Assets (ROA) based on low quality income (accruals). Therefore, a different financial position influences a different behaviour in these two similar sectors. In fact, some signs alerting of possible risk in real estate firms are shown.</p>}, number={1}, journal={Revista de Contabilidad - Spanish Accounting Review}, author={Madrid Guijarro, Antonia and Navarro-García, Juan Carlos}, year={2016}, month={ene.}, pages={21–30} }