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    Can Institutional Investors Bias Real Estate Portfolio Appraisals? Evidence From the Market Downturn.Neil Crosby, Steven Devaney, Colin Lizieri & Patrick McAllister - 2018 - Journal of Business Ethics 147 (3):651-667.
    This paper investigates the extent to which institutional investors may have influenced independent real estate appraisals during the financial crisis. A conceptual model of the determinants of client influence on real estate appraisals is proposed. It is suggested that the extent of clients’ ability and willingness to bias appraisal outputs is contingent upon market and regulatory environments, the salience of the appraisal to the client, financial incentives for the appraiser to respond to client pressure, organisational culture, the level of moral (...)
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