O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016)

Detalhes bibliográficos
Autor(a) principal: Weiss, Leila Aparecida Scherer
Data de Publicação: 2017
Tipo de documento: Dissertação
Idioma: por
Título da fonte: Biblioteca Digital de Teses e Dissertações do UNIOESTE
Texto Completo: http://tede.unioeste.br/handle/tede/3435
Resumo: Among the investment options available on the market, there is highlight to the real estate investment funds, which allow small investors to invest in projects previously restricted to large investors and large developers, thus representing an interesting alternative of long-term financing, making it accessible to all investors. However, performance assessment of these funds, which would take into consideration their management, as well as a comparison with for rental real state investment, is an area of study still underexplored, which requires more investigation. Therefore, the overall objective of this study is to identify how management influences the performance of IFIs, compared to direct leaseholds in the period from 2010 to 2016. The theoretical framework contemplates the aspects inherent in the Modern Theory of Portfolio and Agency Theory. The study also includes real estate investments with emphasis on Real Estate Investment Funds, types, advantages, and risks of investment. The methodology used is the hypothetical-deductive, and it is classified, regarding the research problem as, quantitative; as for the objectives, it is exploratory and descriptive and as for the procedures, it is bibliographical and documentary. The results indicate that the performance of the funds is directly linked to the management of these funds, due to the policies adopted by each of the managers. It is also noteworthy that, in comparison to direct investment in real estate, real estate investment funds present higher returns for investors.
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spelling Rojo, Claudio Antoniohttp://lattes.cnpq.br/9043127742275652Dal Vesco, Delci Grapégiahttp://lattes.cnpq.br/3321706750568197Hoss , Osnihttp://lattes.cnpq.br/3272061397459617http://lattes.cnpq.br/9310589645545239Weiss, Leila Aparecida Scherer2018-02-27T12:42:36Z2017-07-10WEISS, Leila Aparecida Scherer. O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016). 2017. 89 f. Dissertação (Mestrado - Programa de Pós-Graduação em Contabilidade) - Universidade Estadual do Oeste do Paraná, Cascavel, 2017.http://tede.unioeste.br/handle/tede/3435Among the investment options available on the market, there is highlight to the real estate investment funds, which allow small investors to invest in projects previously restricted to large investors and large developers, thus representing an interesting alternative of long-term financing, making it accessible to all investors. However, performance assessment of these funds, which would take into consideration their management, as well as a comparison with for rental real state investment, is an area of study still underexplored, which requires more investigation. Therefore, the overall objective of this study is to identify how management influences the performance of IFIs, compared to direct leaseholds in the period from 2010 to 2016. The theoretical framework contemplates the aspects inherent in the Modern Theory of Portfolio and Agency Theory. The study also includes real estate investments with emphasis on Real Estate Investment Funds, types, advantages, and risks of investment. The methodology used is the hypothetical-deductive, and it is classified, regarding the research problem as, quantitative; as for the objectives, it is exploratory and descriptive and as for the procedures, it is bibliographical and documentary. The results indicate that the performance of the funds is directly linked to the management of these funds, due to the policies adopted by each of the managers. It is also noteworthy that, in comparison to direct investment in real estate, real estate investment funds present higher returns for investors.Dentre as diversas opções de investimentos existentes no mercado, destacam-se os fundos de investimento imobiliários, que possibilitam ao pequeno investidor o acesso a projetos de investimentos, antes restritos aos grandes investidores e grandes incorporadoras, representando, assim, uma alternativa interessante de financiamento no longo prazo, tornando-se assim acessível a todos os investidores. No entanto, a avaliação de desempenhos destes fundos, que leve em consideração a gestão destes, bem como a comparação com investimentos em imóveis para locação, é uma área pouco explorada no Brasil, exigindo maiores estudos. Assim, este estudo tem por objetivo identificar como a gestão influencia o desempenho dos FIIs se comparados aos imóveis de locação direta no período de 2010 a 2016. O marco teórico contempla os aspectos inerentes à Moderna Teoria do Portfólio e a Teoria da Agência. O estudo contempla ainda os investimentos imobiliários, com destaque para os Fundos de Investimento Imobiliário, tipos, vantagens e riscos de investimento. A metodologia utilizada é a hipotética-dedutiva, e quanto ao problema de pesquisa, quantitativa; quanto aos objetivos, exploratória e descritiva; e quanto aos procedimentos, bibliográfica e documental. Os resultados apontam que o desempenho dos fundos está diretamente ligado à gestão destes, devido às políticas adotadas por cada um dos gestores. Destaca-se, ainda, que, em comparação com o investimento direto em imóveis, os fundos de investimento imobiliário apresentam maiores retornos para os investidores.Submitted by Neusa Fagundes (neusa.fagundes@unioeste.br) on 2018-02-27T12:42:36Z No. of bitstreams: 2 Leila_Weiss2017.pdf: 950778 bytes, checksum: 2c055e75324fbc6b593a480ded26a958 (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5)Made available in DSpace on 2018-02-27T12:42:36Z (GMT). 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dc.title.por.fl_str_mv O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016)
dc.title.alternative.eng.fl_str_mv The role of management in the performance of real estate investment funds in Brazil (2010-2016)
title O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016)
spellingShingle O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016)
Weiss, Leila Aparecida Scherer
Controle em organizações
Fundo de investimento imobiliário
Análise de investimento
Decisão de investimento
Control in organizations
Real estate investment fund
Investment analysis
Investment decision
ADMINISTRACAO PUBLICA::CONTABILIDADE E FINANCAS PUBLICAS
title_short O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016)
title_full O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016)
title_fullStr O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016)
title_full_unstemmed O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016)
title_sort O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016)
author Weiss, Leila Aparecida Scherer
author_facet Weiss, Leila Aparecida Scherer
author_role author
dc.contributor.advisor1.fl_str_mv Rojo, Claudio Antonio
dc.contributor.advisor1Lattes.fl_str_mv http://lattes.cnpq.br/9043127742275652
dc.contributor.referee1.fl_str_mv Dal Vesco, Delci Grapégia
dc.contributor.referee1Lattes.fl_str_mv http://lattes.cnpq.br/3321706750568197
dc.contributor.referee2.fl_str_mv Hoss , Osni
dc.contributor.referee2Lattes.fl_str_mv http://lattes.cnpq.br/3272061397459617
dc.contributor.authorLattes.fl_str_mv http://lattes.cnpq.br/9310589645545239
dc.contributor.author.fl_str_mv Weiss, Leila Aparecida Scherer
contributor_str_mv Rojo, Claudio Antonio
Dal Vesco, Delci Grapégia
Hoss , Osni
dc.subject.por.fl_str_mv Controle em organizações
Fundo de investimento imobiliário
Análise de investimento
Decisão de investimento
topic Controle em organizações
Fundo de investimento imobiliário
Análise de investimento
Decisão de investimento
Control in organizations
Real estate investment fund
Investment analysis
Investment decision
ADMINISTRACAO PUBLICA::CONTABILIDADE E FINANCAS PUBLICAS
dc.subject.eng.fl_str_mv Control in organizations
Real estate investment fund
Investment analysis
Investment decision
dc.subject.cnpq.fl_str_mv ADMINISTRACAO PUBLICA::CONTABILIDADE E FINANCAS PUBLICAS
description Among the investment options available on the market, there is highlight to the real estate investment funds, which allow small investors to invest in projects previously restricted to large investors and large developers, thus representing an interesting alternative of long-term financing, making it accessible to all investors. However, performance assessment of these funds, which would take into consideration their management, as well as a comparison with for rental real state investment, is an area of study still underexplored, which requires more investigation. Therefore, the overall objective of this study is to identify how management influences the performance of IFIs, compared to direct leaseholds in the period from 2010 to 2016. The theoretical framework contemplates the aspects inherent in the Modern Theory of Portfolio and Agency Theory. The study also includes real estate investments with emphasis on Real Estate Investment Funds, types, advantages, and risks of investment. The methodology used is the hypothetical-deductive, and it is classified, regarding the research problem as, quantitative; as for the objectives, it is exploratory and descriptive and as for the procedures, it is bibliographical and documentary. The results indicate that the performance of the funds is directly linked to the management of these funds, due to the policies adopted by each of the managers. It is also noteworthy that, in comparison to direct investment in real estate, real estate investment funds present higher returns for investors.
publishDate 2017
dc.date.issued.fl_str_mv 2017-07-10
dc.date.accessioned.fl_str_mv 2018-02-27T12:42:36Z
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dc.identifier.citation.fl_str_mv WEISS, Leila Aparecida Scherer. O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016). 2017. 89 f. Dissertação (Mestrado - Programa de Pós-Graduação em Contabilidade) - Universidade Estadual do Oeste do Paraná, Cascavel, 2017.
dc.identifier.uri.fl_str_mv http://tede.unioeste.br/handle/tede/3435
identifier_str_mv WEISS, Leila Aparecida Scherer. O papel da gestão no desempenho dos fundos de investimento imobiliário no Brasil (2010-2016). 2017. 89 f. Dissertação (Mestrado - Programa de Pós-Graduação em Contabilidade) - Universidade Estadual do Oeste do Paraná, Cascavel, 2017.
url http://tede.unioeste.br/handle/tede/3435
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dc.publisher.none.fl_str_mv Universidade Estadual do Oeste do Paraná
Cascavel
dc.publisher.program.fl_str_mv Programa de Pós-Graduação em Contabilidade
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dc.publisher.country.fl_str_mv Brasil
dc.publisher.department.fl_str_mv Centro de Ciências Sociais Aplicadas
publisher.none.fl_str_mv Universidade Estadual do Oeste do Paraná
Cascavel
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