Detalhes bibliográficos
| Ano de defesa: |
2014 |
| Autor(a) principal: |
Teixeira, Gianni Flávia |
| Orientador(a): |
Famá, Rubens |
| Banca de defesa: |
Não Informado pela instituição |
| Tipo de documento: |
Dissertação
|
| Tipo de acesso: |
Acesso aberto |
| Idioma: |
por |
| Instituição de defesa: |
Pontifícia Universidade Católica de São Paulo
|
| Programa de Pós-Graduação: |
Programa de Estudos Pós-Graduados em Ciências Contábeis e Atuariais
|
| Departamento: |
Ciências Cont. Atuariais
|
| País: |
BR
|
| Palavras-chave em Português: |
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| Palavras-chave em Inglês: |
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| Área do conhecimento CNPq: |
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| Link de acesso: |
https://tede2.pucsp.br/handle/handle/1587
|
Resumo: |
The objective of this study is to investigate the historical behavior of the quotas of real estate investment trusts (REITs) issued at BM&FBovespa (Brazilian Stock Market).The secondary objectives are analyse the REITs`s performance and verify their benefits. The conclusion is that there were a combination of factors acting simultaneously to generate the building boom, which include high property prices, low interest rates, and economic stabilization (2009-2012). Furthermore, the reduction of savings and mortgage financing propagated mainly by the SBPE (Brazilian System of Savings and Loan) and the FGTS (Fund Guarantee for Time of Service). The results show that the real estate industry towards the end of 2012 and mid-2013 was in a phase of slowdown evidenced by the falling prices of quotas of REITs, reduction of foreign capital, retraction of issuing certificates of real estate receivables (CRI) market and additional factors. However, there are opportunities to prospecting developments in Brazil. The good management of the REITs and evaluation of their risks involved to the acquisition of new assets, it can create new income and increase the value to the shareholder |
