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Valuation inaccuracy, approaches, basis and procedures for judgment execution in Ethiopia
Property Management ( IF 1.1 ) Pub Date : 2021-05-31 , DOI: 10.1108/pm-11-2020-0080
Masresha Belete Asnakew , Minale Kassahun Amogne

Purpose

The causes of valuation inaccuracy, the approaches, basis and procedures used for value estimation were not profoundly identified in Ethiopia. Particularly, the causes of property valuation inaccuracy for court decisions have not been assiduously studied by scholars. Hence, the ultimate goal of this study aims to identify the determinant variables of valuation inaccuracy, the approaches, basis and procedures used for court execution purposes.

Design/methodology/approach

This study employed both qualitative and quantitative approaches. The target populations of the study were the courts at the federal and regional levels. A purposive sampling technique was employed to undertake this study. The survey data was analyzed using the Relative Importance Index (RII).

Findings

The finding of this research revealed that courts have not outshined and uniform valuation manuals and guidelines that clearly state the approaches, procedures and bases of valuation. As a consequence, courts execute based on the opinion of value determined by other institutions. The insignificant numbers of independent valuation institution with the lack of uniform standards in the country prejudice the implementation of the decision of the court and faced injustice. The finding also reveals as there are several causative variables for real property valuation inaccuracy.

Practical implications

To alleviate the problem, the government should strengthen the valuation sector by creating an independent institution for advancing valuation regulation and policymaking.

Originality/value

This study was the first of all and could be a pointer for different government and non-government bodies regarding the limitations of valuation for judgment execution purposes.



中文翻译:

埃塞俄比亚判决执行的估值不准确、方法、依据和程序

目的

在埃塞俄比亚,估价不准确的原因、估价所用的方法、基础和程序没有得到深刻的确定。尤其是对于法院判决财产估价不准确的原因,学者们尚未深入研究。因此,本研究的最终目标旨在确定估值不准确的决定性变量、用于法院执行目的的方法、基础和程序。

设计/方法/方法

本研究同时采用定性和定量方法。该研究的目标人群是联邦和地区级别的法院。有目的的抽样技术被用来进行这项研究。调查数据使用相对重要性指数 (RII) 进行分析。

发现

这项研究的结果表明,法院并没有超越和统一的估值手册和指南,这些手册和指南清楚地说明了估值的方法、程序和基础。因此,法院根据其他机构确定的价值意见执行。独立估价机构数量少,国内缺乏统一标准,影响了法院判决的执行,面临不公正待遇。该发现还揭示了房地产估价不准确的几个原因变量。

实际影响

为了缓解这个问题,政府应该通过建立一个独立的机构来推进估值监管和政策制定来加强估值部门。

原创性/价值

这项研究是第一个,可以为不同的政府和非政府机构提供参考,以了解评估执行目的的局限性。

更新日期:2021-05-31
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