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

• Ano de defesa: 2017
• Autor(a) principal: Weiss, Leila Aparecida Scherer
• Orientador(a): Rojo, Claudio Antonio
• Banca de defesa: Dal Vesco, Delci Grapégia , Hoss , Osni
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Universidade Estadual do Oeste do Paraná; Cascavel
• Programa de Pós-Graduação: Programa de Pós-Graduação em Contabilidade
• Departamento: Centro de Ciências Sociais Aplicadas
• País: Brasil
• Palavras-chave em Português: Controle em organizações; Fundo de investimento imobiliário; Análise de investimento; Decisão de investimento
• Palavras-chave em Inglês: Control in organizations; Real estate investment fund; Investment analysis; Investment decision
• Área do conhecimento CNPq: ADMINISTRACAO PUBLICA::CONTABILIDADE E FINANCAS PUBLICAS
• Link de acesso: http://tede.unioeste.br/handle/tede/3435

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.