The problem is lack of excitement c

The problem is lack of excitement compared with its history as a glamour stock. Lend lease has done well to produce a growth business after its disastrous plunge into United States property funds management but what remains is largely retail and residential development and construction group, with a property investment portfolio thrown in.

Question 2 In trying to explain shareholders subdued reaction to Lend Lease reported earnings, explain whether and how you could use the following approaches to accounting theory construction Pragmatic Pragmatic approaches are inductive approaches designed to learn from what accountants do (descriptive pragmatic approach) or how users respond to accounting information (psychological pragmatic approach), in order to replicate accounting procedures and principles. Decision usefulness Focused on developing theories to ensure that accounting reports would provide the information most useful for making the decision that the theorists believed to be most important.