International records / OpenAlex research

Locational Infrastructural Index for Land Appreciation and its Implications for Standardized Value Recognition in Financial Accounting

Financial accounting has traditionally measured land under the historical cost convention, a practice that leaves the reported carrying amount increasingly disconnected from a parcel's true market worth as surrounding infrastructure investment and locational advantages accumulate over time. This paper proposes the Locational Infrastructural Index (LII), an original composite instrument developed to systematically capture the infrastructure and locational characteristics that drive land appreciation and to convert that measurement into a standardized basis for recognizing land value in financia…