Made available in DSpace on 2015-12-03T18:34:59Z (GMT). No. of bitstreams: 1 Simone_Maria_Neto_Nogueira_Junqueira.pdf: 518488 bytes, checksum: e4ae8b0bfeeefd15653f4ba8bf7d1b35 (MD5) Previous issue date: 2008-11-28 / Housing has always been a concern of man, at first as a safe place where he could protect his offspring and himself, then, that shelter form developed through the times with the growth of the housing deficit, the low quality in the materials used in the real estate developments, the tax burden questioned by companies of the section; they signaled that the alterations in the Laws that regulate the section of the building sector would be necessary. Then, in 2004, the President, sanctioned the Law n?? 10.931/04, that disposes on the Affected Equity, proposing a certain protection for the buyer, in case of financial difficulty of the developing company. The general objective of this work is to verify the perception of those involved: probable buyers, students of Accounting Sciences Course and Law Course; to verify how much knowledge of the Law there is, of the proposed protection and how this perception interferes in the option of the purchase of a property. The specific objective is the tributary cost and the taxation methods. In the study it is observed that the great majority of probable buyers don't know the Law but they notice its protection and that it would be decisive in the purchase of a property. In the aspect of the tributary cost, it is observed that the Special Regime of Taxation (RET) is not advantageous for the developing company and few of them use it. In this context, it is noticed that if a Law is not applicable, in which the society doesn't alter the habits, it might not be used after all. / A habita????o sempre foi uma preocupa????o do homem, a princ??pio como um lugar seguro onde pudesse proteger a prole e a si mesmo, depois, essa forma de abrigo evoluiu atrav??s dos tempos com o crescimento do d??ficit habitacional, a baixa qualidade nos materiais utilizados nos empreendimentos imobili??rios, a carga tribut??ria questionada por empresas do setor; sinalizavam que as altera????es nas Leis que regulamentam o setor da constru????o civil seriam necess??rias, at?? que no ano de 2004, o Presidente da Rep??blica, sancionou a Lei n??. 10.931/04, que disp??e sobre o Patrim??nio de Afeta????o, prop??e uma certa prote????o para comprador em caso de uma dificuldade financeira da empresa incorporadora. O objetivo geral do trabalho ?? verificar a percep????o dos envolvidos: prov??veis compradores, alunos do curso de Ci??ncias Cont??beis e do Curso de Direito; se h?? conhecimento da Lei, da prote????o proposta e como esta percep????o interfere na op????o da compra de um im??vel. Como objetivo espec??fico est?? o custo tribut??rio e os m??todos de tributa????o. No estudo observa-se que os prov??veis compradores, na grande maioria n??o conhecem a Lei mas, percebem a sua prote????o e que seria decisiva na compra de um im??vel. No aspecto do custo tribut??rio, observa-se que o Regime Especial de Tributa????o (RET) n??o ?? vantajoso para a empresa incorporadora e, poucas utilizam. Dentro deste contexto, nota-se que uma Lei se n??o tiver aplicabilidade, ou seja, com a qual a sociedade n??o altera os costumes, pode cair em desuso.

Submitted by Elba Lopes (elba.lopes@fecap.br) on 2017-02-20T19:11:41Z No. of bitstreams: 2 Arthur Vieira de Moraes.pdf: 604872 bytes, checksum: 03aae596cb980ba0362441e5e1b67fda (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5) / Made available in DSpace on 2017-02-20T19:11:41Z (GMT). No. of bitstreams: 2 Arthur Vieira de Moraes.pdf: 604872 bytes, checksum: 03aae596cb980ba0362441e5e1b67fda (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5) Previous issue date: 2016-10-10 / The Brazilian capital market offers increasingly financing instruments and investment products, which can enhance access to private capital for companies of different sizes and legal forms, as well as expand the range of investments available to investors of various profiles. In this scenario it highlights the Brazilian Real Estate Investment Trust (FII). Securities admitted to trading on the stock exchange, but very distinct from common stock, such trusts deserve attention from academics and market professionals. This study has the scope to elucidate which factors may be decisive for the risk reduction of FII, analyzing whether fund size, number of real estate or concentration of real estate explain the diversification of funds. 22 multi-asset FII listed on the BM & FBOVESPA in December 2015 were studied. It was found that fund size is a significant factor for diversification, while number of property and property concentration are not. / O mercado de capitais brasileiro oferece cada vez mais instrumentos de financiamento e produtos de investimentos, que permitem ampliar o acesso ao capital privado para empresas de diferentes portes e formas jur??dicas, bem como ampliar a gama de investimentos ?? disposi????o de investidores dos mais variados perfis. Nesse cen??rio, destacam-se os fundos de investimento imobili??rio (FII). Valores mobili??rios admitidos ?? negocia????o em bolsa, mas muito distintos das a????es, tais fundos merecem aten????o de acad??micos e profissionais de mercado. O presente estudo tem por escopo elucidar quais fatores podem ser determinantes para a redu????o dos riscos dos FII, analisando se tamanho do fundo, n??mero de im??veis ou concentra????o dos im??veis explicam a diversifica????o dos fundos. Foram estudados 22 FII multiativos listados na BM&FBOVESPA em dezembro de 2015. Constatou-se que tamanho do fundo ?? fator significante para a diversifica????o, enquanto n??mero e concentra????o de im??veis n??o o s??o

Made available in DSpace on 2016-04-28T20:19:27Z (GMT). No. of bitstreams: 1 2009 - Daniel Ferreira Falcao.pdf: 1682485 bytes, checksum: 82658683c203f050466a2fadc4384cf2 (MD5) Previous issue date: 2009-05-15 / The real estate market is the social mechanism of coordination about the individual decisions to localization and use of the ground urban, thus this coordination appears a city whose ground urban is used in way more efficient. This market has the responsibility to conciliate the freedom to act individually with exploitation in the use of the resources of the society. The systems of home loans, that are instruments to regulation the urban regimen, it possess an important position, therefore these are strategical for the structure and the consolidation of the real estate market urban capitalist. The objective of this study is to compare the perception of three residential constructors with headquarters in this city, Rio de Janeiro, at different moments of operational maturity, agility in the captation of financial resources to develop its operation and its positioning of market, through the Market of Home loans. The sector of residential civil construction was chosen had its great evolution throughout the last decades. Although the financial crises and reduction of jobs in general terms in the last years, this sector it showed a growth that allowed it assume a role of leadership in terms of investments, to absorb man power and generation of work ranks. The used methodology was bibliographical research and additionally study of multiple cases. The case study it had as main objective to promote a critical reflection about the premises assumed through the formularization of the hypotheses at the beginning of the research, recognizing with bigger depth the main events of last decade related of the real estate market, the obstacles in the evolution of the home loans faced by the companies, amongst other aspects. Considering the hypothesis of that the speed, the degree of development and the amount of chances of the constructors, in last the 5 years, were very superior what it was lived by the constructors in the past most remote and that the access to the market of home loans has been determinative factor for the positioning of these constructors in the real estate market. The main results show us a enormous dependence of the residential civil construction in specific relation to the funding of home loans - plano empres?rio - offered by the traditional financial institutions. Moreover, the main points for improvement of the market, identified for the interviewed ones, had been: reduction of related taxes the man power, fiscal changes to reduce taxes related to the real estate financings and additionally to reduce the difficulties in the process of approval of projects that currently generates legal unreliability in the sector. / O mercado imobili?rio ? o mecanismo social de coordena??o das decis?es individuais de localiza??o e uso do solo urbano, de forma que desta coordena??o surge uma cidade cujo solo urbano ? (ou deveria ser) utilizado da forma mais eficiente. Cabe a esse mercado conciliar a liberdade de a??o individual com a efici?ncia no uso dos recursos da sociedade. Os sistemas de cr?dito imobili?rio, que s?o instrumentos de regula??o do regime urbano, possuem uma relev?ncia bastante consider?vel, posto que os mesmos sejam estrat?gicos para a estrutura??o e a consolida??o do mercado imobili?rio urbano capitalista. O objetivo deste estudo consiste em comparar a percep??o de tr?s construtores de im?veis residenciais com sede na cidade do Rio de Janeiro, em momentos distintos de maturidade operacional, quanto a obten??o de recursos financeiros para alavancagem de sua produ??o e posicionamento no mercado, atrav?s do Mercado de Cr?dito Imobili?rio. A escolha do setor de constru??o civil residencial se d? pela sua evolu??o ao longo das ?ltimas d?cadas mesmo com a crise dos ?ltimos anos e com a redu??o dos postos de trabalho, o crescimento do setor lhe permitiu assumir um papel de lideran?a em termos de investimentos, absor??o de m?o-de-obra e gera??o de postos de trabalho. A metodologia usada foi a pesquisa bibliogr?fica seguida de estudo de casos m?ltiplos. O estudo de caso teve como principal objetivo promover uma reflex?o cr?tica junto ?s premissas assumidas na formula??o das hip?teses de partida para a pesquisa, reconhecendo com maior profundidade os principais acontecimentos da ultima d?cada para o crescimento do mercado imobili?rio, os obst?culos na evolu??o do mercado do cr?dito imobili?rio enfrentados pelas empresas, dentre outros aspectos. Considerando a hip?tese de que a velocidade, o grau de desenvolvimento e a quantidade de oportunidades das construtoras, nos ?ltimos 5 anos, foi muito superior ao que foi vivido pelas construtoras no passado mais remoto e que o acesso ao mercado de cr?dito imobili?rio tem sido fator determinante para o posicionamento destas construtoras no mercado imobili?rio. Os principais resultados obtidos apontam para uma grande depend?ncia da constru??o civil residencial em rela??o a um funding espec?fico do financiamento a produ??o o Plano Empres?rio oferecido pelas institui??es financeiras tradicionais. Al?m disso, os principais pontos para melhoria do mercado, apontados pelos entrevistados, foram: a desonera??o fiscal da m?o-de-obra, medidas fiscais em busca de redu??o dos tributos relacionados a venda e financiamento de im?veis e adicionalmente a desburocratiza??o do processo de aprova??o de projetos que tem provocado inseguran?a jur?dica no setor.

Submitted by Sara Ribeiro (sara.ribeiro@ucb.br) on 2017-06-12T14:43:29Z No. of bitstreams: 1 LilianSantosMarquesSeverinoDissertacao2016.pdf: 852227 bytes, checksum: a6811612b93a51167387d223e191b16c (MD5) / Approved for entry into archive by Sara Ribeiro (sara.ribeiro@ucb.br) on 2017-06-12T14:43:48Z (GMT) No. of bitstreams: 1 LilianSantosMarquesSeverinoDissertacao2016.pdf: 852227 bytes, checksum: a6811612b93a51167387d223e191b16c (MD5) / Made available in DSpace on 2017-06-12T14:43:48Z (GMT). No. of bitstreams: 1 LilianSantosMarquesSeverinoDissertacao2016.pdf: 852227 bytes, checksum: a6811612b93a51167387d223e191b16c (MD5) Previous issue date: 2016-12-16 / This study aims to analyze the behavior of the real estate market in the Brazilian cities of S??o Paulo and Rio de Janeiro from 2008 to 2016 as seen through the analysis of monthly pricing data for both sales and rental markets, apparent consumption, stock of properties, and market return (IBOVESPA). Two models were estimated, the first, the CAPM, aimed at analyzing how return from investment in housing in both cities compared to the market return (IBOVESPA). The second model, the CCAPM was modified to suit the presence of preference for ownership of property. This study concludes that regarding the change-over of the return rates in Rio de Janeiro and S??o Paulo, investment in the housing market in both cities is negatively affected by the change-over of the return in investments on the whole stock market. Moreover, when we include the consumption in the pricing model, there is an intertemporal discount factor for consumption of roughly 0,98 per month for both cities, which confirms that Brazilian real estate buyers are more impatient than their American counterparts, and that the percentage of their income spent on consumption and investment in housing varies from one city to another. / O presente trabalho trata do comportamento do mercado imobili??rio nas cidades de S??o Paulo e Rio de Janeiro no per??odo de 2008 a 2016, analisando dados mensais de pre??os de venda e de aluguel de im??veis, consumo aparente, estoque de im??veis e taxa de retorno de mercado (IBOVESPA). Foram estimados dois modelos, o primeiro, o CAPM, visou analisar o comportamento do retorno do investimento imobili??rio das duas localidades em rela????o ao retorno de mercado e o segundo modelo, o CCAPM modificado para exist??ncia de prefer??ncias pela propriedade de im??veis. O estudo conclui, em rela????o ??s taxas de retorno, que a varia????o do investimento no mercado imobili??rio, tanto no Rio de Janeiro quanto em S??o Paulo, ?? afetada de forma negativa pela varia????o do retorno de mercado. Al??m disso, quando inclui o consumo no modelo de precifica????o, observa-se um fator de desconto intertemporal do consumo em torno de 0,98 ao m??s para as duas cidades, confirmando que o consumidor brasileiro ?? mais impaciente que o americano, e que os percentuais da sua renda destinada ao consumo e ao investimento imobili??rio diferem de uma cidade para a outra.

Made available in DSpace on 2014-12-17T13:56:49Z (GMT). No. of bitstreams: 1 AlexandreFCS_TESE_1-330.pdf: 5092728 bytes, checksum: ce133733efbeea8d2f8352bd2df7f3d6 (MD5) Previous issue date: 2010-06-18 / Conselho Nacional de Desenvolvimento Cient?fico e Tecnol?gico / The metropolitan regions of Northeast Brazil are being gradually included in a scenario of international investments, which are motivated by the restructuring of both touristic and real-estate sectors. The new capital, real-estate developers and space configurations that result from this process indicate the need for the creation and implementation of public tools which should, at least, allow the mitigation of the urban impacts and environmental losses resulting from this situation. The effects on landscape and on the socio-spatial configuration result from the intensification caused by the dynamism of the "real estate-tourism" sector. There is a regional integration as an expression of the urban expansion of the metropolitan area of Natal. This study investigates the uniqueness of the restructuring and territorial integration of coastal areas and the strategies of the circuit of capital accumulation formed by linking the real estate to tourism. It is intended to increase the understanding about the strategies of tourism, real estate and public policy agents involved in this territorial reconfiguration and in the fund-raising needed for the investments, to understand the existing social and environmental effects and their future trends and also to understand the forms of spatial production as results from the practices of approaching the land transformation and the tourism valorization of the landscape, in a synchronous manner, first in the Northeast region and, as a focal study, in the Metropolitan Area of Natal. Likewise, it is intended to apprehend the current processes of metropolization of the eastern coast of Rio Grande do Norte, in addition to indicate its physical-territorial transformation and the types of projects/developments promoted by the market in the recent period. Based upon analysis undertaken for the Metropolitan Region of Natal RN, this piece of work presents some considerations on possible legal instruments that can be adjusted to the municipalities which are experiencing the impact of this peculiar and recent phenomenon in the region, caused by the arrival of the real estate-touristic capital. It is also intended to point out basic proposals to the forms of public intervention, in a speculative way, starting from a Metropolitan Planning project within a medium and long term / As regi?es metropolitanas do Nordeste est?o gradualmente sendo inseridas em um cen?rio de investimentos internacionais, motivados pela reestrutura??o dos setores tur?stico e imobili?rio. O novo capital, agentes imobili?rios e configura??es espaciais resultantes deste processo indicam a necess?ria constru??o e implementa??o de instrumentos p?blicos que permitam minorar, pelo menos, os impactos urbanos e perdas ambientais decorrentes desse cen?rio. Os efeitos na paisagem e na configura??o socioespacial resultam da intensifica??o provocada pelo dinamismo do imobili?rio-tur?stico . Ocorre uma Integra??o regional como express?o da expans?o da mancha urbana metropolitana de Natal. Este estudo investiga as singularidades da reestrutura??o e inser??o territorial das zonas litor?neas e as estrat?gias do circuito de acumula??o do capital, constitu?do pela articula??o entre o imobili?rio e o turismo. Pretende-se ampliar o entendimento sobre as estrat?gias dos agentes tur?sticos, imobili?rios e das pol?ticas p?blicas envolvidas nessa reconfigura??o territorial e na capta??o dos recursos necess?rios ao investimento, compreender os efeitos socioambientais existentes e suas tend?ncias futuras e entender as formas de produ??o espacial como resultantes da aproxima??o de pr?ticas de transforma??o do solo e de valoriza??o tur?stica da paisagem, de modo sincr?nico, primeiro na regi?o nordeste e, como estudo focal, na Regi?o Metropolitana de Natal. Igualmente se pretende apreender os atuais processos de metropoliza??o do litoral oriental do RN, al?m de indicar sua transforma??o f?sicoterritorial e os tipos de projetos/empreendimentos fomentados pelo mercado em fase recente. Com base em an?lises j? realizadas para a Regi?o Metropolitana de Natal RN, este trabalho delineia algumas reflex?es sobre os instrumentos legais pass?veis de serem ajustados aos munic?pios impactados pelo fen?meno peculiar e recente ? regi?o, provocado pela chegada do capital imobili?rio-tur?stico . Pretende-se apontar proposi??es b?sicas ?s formas de interven??o p?blica, em um panorama especulativo, a partir de um Planejamento Metropolitano para m?dio e longo prazo

Submitted by Automa??o e Estat?stica (sst@bczm.ufrn.br) on 2017-09-04T20:51:07Z No. of bitstreams: 1 DanielNicolauDeVasconcelosPinheiro_DISSERT.pdf: 15857764 bytes, checksum: 79a69ff347052c904858cd3072c94551 (MD5) / Approved for entry into archive by Arlan Eloi Leite Silva (eloihistoriador@yahoo.com.br) on 2017-09-06T21:31:38Z (GMT) No. of bitstreams: 1 DanielNicolauDeVasconcelosPinheiro_DISSERT.pdf: 15857764 bytes, checksum: 79a69ff347052c904858cd3072c94551 (MD5) / Made available in DSpace on 2017-09-06T21:31:38Z (GMT). No. of bitstreams: 1 DanielNicolauDeVasconcelosPinheiro_DISSERT.pdf: 15857764 bytes, checksum: 79a69ff347052c904858cd3072c94551 (MD5) Previous issue date: 2016-12-06 / As interven??es estatais financiadas com verba p?blica criam ambi?ncias (externalidades), que valorizam algumas localiza??es em detrimento de outros. Essa valoriza??o (mais-valia fundi?ria), n?o ? gerada com o esfor?o solit?rio de um ?nico propriet?rio, mas sim, ? constru?da socialmente com a evolu??o do espa?o urbano das cidades ao longo do tempo. Torna-se justo que sejam implementadas a??es e medidas que visem recuperar esta valoriza??o, ou parte dela, e que esse valor seja reinsvestido em localidades menos favorecidas socialmente. Este trabalho buscou encontrar os lugares com maior valoriza??o imobili?ria na cidade de Natal-RN, utilizando como ferramentas as an?lises dos dados de IPTU, ITIV e OODC, confrontadas com as obras estruturantes e equipamentos p?blicos da cidade, com o fim de identificar se existe a implementa??o de ferramentas de recupera??o de maisvalias fundi?rias urbanas e se os recursos obtidos atrav?s delas, est?o sendo aplicados de forma redistributiva. / Public investments in the city create urban features that add value to certain locations but not to others. This is a plus value collectively generated in the long run, in the production of urban space, not by specific individuals. Thus, it is only fair that individuals who benefit from this process have to pay back and contribute towards investments to develop less favoured, and poorer areas. This dissertation sought to identify the most valued areas in Natal, Brazil, using three data sets related to taxation on land transactions, property and use (IPTU, ITIV and OODC). The amount of taxes collected is seen in confrontation with structural developments and investments in new public equipments and services in the city. The idea is to evaluate if the taxation system has served as a means of income redistribution.

Submitted by Automa??o e Estat?stica (sst@bczm.ufrn.br) on 2017-11-03T20:42:55Z No. of bitstreams: 1 LucyKheylerMacielDeMendonca_DISSERT.pdf: 1930646 bytes, checksum: e7fe9a6cc06c47d9d8ca4ea10ae5d699 (MD5) / Approved for entry into archive by Arlan Eloi Leite Silva (eloihistoriador@yahoo.com.br) on 2017-11-17T00:20:16Z (GMT) No. of bitstreams: 1 LucyKheylerMacielDeMendonca_DISSERT.pdf: 1930646 bytes, checksum: e7fe9a6cc06c47d9d8ca4ea10ae5d699 (MD5) / Made available in DSpace on 2017-11-17T00:20:16Z (GMT). No. of bitstreams: 1 LucyKheylerMacielDeMendonca_DISSERT.pdf: 1930646 bytes, checksum: e7fe9a6cc06c47d9d8ca4ea10ae5d699 (MD5) Previous issue date: 2017-08-22 / Coordena??o de Aperfei?oamento de Pessoal de N?vel Superior (CAPES) / O Plano diretor ? o instrumento b?sico que orienta a pol?tica de desenvolvimento e de ordenamento da expans?o urbana dos munic?pios brasileiros. As sucessivas altera??es e revis?es do plano podem afetar a capacidade de produ??o imobili?ria, bem como a din?mica de valoriza??o e o crescimento diferenciado de algumas ?reas da cidade. Nesse contexto, a aprova??o da Lei Complementar n? 27, em 3 de novembro de 2000, alterou as prescri??es urban?sticas para uma por??o de Ponta Negra, criando uma zona adens?vel e atrelando a esta maior capacidade de adensamento. Este estudo prop?s-se a analisar os impactos decorrentes da aplica??o desta lei sobre a produ??o imobili?ria, al?m de avaliar se foi realmente determinante para ditar o ritmo da constru??o civil, no contexto das press?es imobili?rias e da infraestrutura urbana que permeou as altera??es da legisla??o. Para tanto, foi realizado um levantamento de dados em cart?rio sobre a caracteriza??o de todos os empreendimentos aprovados e registrados, bem como da popula??o, da habita??o e da infraestrutura do bairro nas secretarias e ?rg?os p?blicos respons?veis. Os resultados demonstraram uma grande produ??o imobili?ria, de forma que a expans?o dos ?ndices urban?sticos foi considerada um impulso para a constru??o civil, por?m n?o foi determinante. Foi decisiva, no entanto, para o processo de verticaliza??o ocorrido. Em pouco mais de seis anos, na revis?o seguinte do plano diretor, as prescri??es retornaram ? condi??o de adensamento b?sico, demonstrando-se fr?gil, ausente de crit?rios t?cnicos que justificassem as altera??es, e fortemente influenciada pelo setor imobili?rio. A voca??o tur?stica natural de Ponta Negra, aliada ?s obras de infraestrutura promovidas pelo Estado e os investimentos externos formaram o cen?rio ideal para o mercado imobili?rio, refletindo-se na produ??o de unidades do tipo flat, as segundas resid?ncias, voltadas para o p?blico estrangeiro. / The Master Plan is the main document that guides the development and planning policy of the urban expansion of the Brazilian municipalities. Since successive modifications and revisions of the plan can affect a real estate production capacity, as well as the dynamic of appreciation and the differentiated growth of some areas of the city. In this regard, the approval of Law No. 27, on November 3, 2000, modified the urbanistic prescriptions for a part of Ponta Negra, intensified the zone and provided this greater capacity of urban densification. This study aims to analyze the impacts of the law on real estate production. In addition to assessing if it was really decisive to civil construction, in the context of real estate pressures and urban infrastructure, which include the successive plan modifications. For this purpose, a collection of information was carried out on all real estate development approved and registered in notary offices, as well as characteristics of the population, housing and infrastructure in the responsible public secretariats and agencies. The results showed a large real state production. The expansive of urban rates was considered an impulse for the construction, but it was not decisive. It was decisive, however, for the verticalization process that occurred. In just over six years, in the next master plan revision, the prescriptions returned to the condition of basic densification, being fragile, lacking technical rules that justified the changes, and strongly

Submitted by Elba Lopes (elba.lopes@fecap.br) on 2016-01-26T14:34:19Z No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Daniel_Viegas_Ribas_Filho.pdf: 779111 bytes, checksum: b4b36a54f44469fa9c26912b15c5a994 (MD5) / Made available in DSpace on 2016-01-26T14:34:19Z (GMT). No. of bitstreams: 2 license_rdf: 23148 bytes, checksum: 9da0b6dfac957114c6a7714714b86306 (MD5) Daniel_Viegas_Ribas_Filho.pdf: 779111 bytes, checksum: b4b36a54f44469fa9c26912b15c5a994 (MD5) Previous issue date: 2006-08-07 / The approving of the Law no. 10.931/04 originated the Affection Equity and the Real Estate Agency (RET), for the real state agency business. The Equity Affection, an option for the incorporatior, had the aim of giving more security to purchasers and to under construction real state providers, demanding more transperency regarding some provided information. The incorporators should maintain the complete accounting of posted ventures under such a system. Concerning RET, it can be stated that it was a way of making incorporation adhere to equity, with an only taxation of 7% under the billing, enclosing the Income Tax, the Social Contribution on Net Income, the Employers?? Profit Participation Program and the Social Contribution on Billing. Therefore, the aims of this work are to verify if there is an advantage for incorporations when using the RET, as a means of making them decide on the Equity Affection and analyze the market??s point of view about such a matter. In order to accomplish this, there had been carried out two pieces of research, one of which was made with 30 incorporations trial balances, located in S??o Paulo City, contributed by the Taxable Income, and a second one, through a quaetionnaire, as a way of verifying the knowledge of enterprises about such a matter. The results of the first research demostrated that there would be an avantage if the RET were used by the majority of the sample enterprises. However, it would not be an advantage in all moments of the research. Such an advantage can be obtained when there is a simulation of the same calculations, but this time with a reduction of 0,5% in the determined Income Tax by the legislation. The comparison between the RET and the anticipated profit demonstrated that for enterprises which have the possibility of anticipating profit, if it is not worthy the use of RET. This is due to their already contributing by an Income Tax lower than the redefined 7% in the new legislation. At least, it would be necessary a reduction of 1% in the Income Tax for attracting such enterprises. Concerning the second piece of research ( about the knowledge and utility of the Equity Affection and the RET by the incorations), such a research had showed that the present subject should be studied deeply. Few enterprises had already used such a system in the ventures, and most of them had not studied the subject yet as a means of predicting its future use. / A aprova????o da Lei n?? 10.931/04 criou o Patrim??nio de Afeta????o e o Regime Especial de Tributa????o - RET, para a atividade imobili??ria. A afeta????o patrimonial, na forma de op????o do incorporador, visou dar maior seguran??a aos compradores e financiadores de im??veis em constru????o, exigindo maior transpar??ncia nas informa????es prestadas. Os incorporadores dever??o manter contabilidade completa dos empreendimentos lan??ados sob esta sistem??tica. J?? o RET foi uma forma de incentivar as incorporadoras a aderirem ?? afeta????o, com al??quota ??nica de 7% sobre o faturamento, abrangendo o Imposto de Renda, Contribui????o Social Sobre o Lucro L??quido, PIS e COFINS. Os objetivos deste estudo s??o verificar se o RET ?? vantajoso para as incorporadoras a ponto de lev??-las a optar pelo mecanismo de afeta????o e analisar a vis??o do mercado sobre o tema. Para tanto, duas pesquisas emp??ricas foram realizadas, uma com 30 balan??os de incorporadoras sediadas na Grande S??o Paulo, tributadas pelo Lucro Real, e outra, com aplica????o de question??rio, para verificar o grau de conhecimento das empresas sobre o tema. Os resultados da primeira pesquisa indicam que seria vantajosa a utiliza????o do RET para a maioria das empresas da amostra, sem, contudo, ser vantagem em todos os per??odos da pesquisa, vantagem esta que se obt??m quando se simula os mesmos c??lculos com uma redu????o de 0,5% na al??quota determinada pela legisla????o. A compara????o entre o RET e o Lucro Presumido mostrou que ??s empresas com possibilidade de presun????o do lucro n??o ?? vantagem a utiliza????o do RET, pois j?? s??o tributadas por al??quota menor do que os 7% determinados na nova legisla????o, seria necess??ria uma redu????o de, pelo menos, um ponto percentual na al??quota para que sua utiliza????o fosse atrativa a estas empresas. Quanto ?? segunda pesquisa, sobre o conhecimento e utiliza????o do Patrim??nio de Afeta????o e do RET pelas incorporadoras, mostrou que o tema precisa ser mais estudado e discutido. Poucas empresas j?? utilizam esta sistem??tica em seus empreendimentos e a maioria ainda n??o fez estudos sobre o tema, visando futura utiliza????o.

Made available in DSpace on 2014-12-17T15:53:12Z (GMT). No. of bitstreams: 1 JoaoMariaMR.pdf: 348399 bytes, checksum: fa0b19b3fa026bdbff4a3c9463313a2d (MD5) Previous issue date: 2006-05-19 / The purpose of this paper is to identify how real estate companies from the city of Natal measure their organizational performance. Traditionally these companies measure their performance using financial measures; however, the technological improvement, the internationalization of the economy and the change in consumer behavior all demand better products and services, and other measuring models. Those changes motivate organizations to continually improve the quality of their products and services. In this way, these companies need to associate their financial results to their global performance. Therefore, it is necessary to have organizational performance models that associate financial and non-financial measures to the strategies of the companies. The research also tries to identify which performance indicators are used by these companies, as well as to test a model who questions: a) if there is any relationship between managers? characteristics and performance measuring systems? characteristics; b) if there is any relationship between the company s characteristics and the characteristics of the measuring system used to evaluate its organizational performance and c) finally to verify if there is a relationship between the characteristics of the measuring system and the company s performance. The information which served as a basis for the study was obtained through an empirical research, with questionnaires, answered by 66 (sixty six) companies from the city of Natal, capital of the state of Rio Grande do Norte. The results show that none of the companies investigated use any of the performance measurement models proposed in the modern literature. However, they use on an isolated way some of the measures those models, including some measures from adopted in the Balanced Scorecard, as well as the benchmarking process, making comparisons with the performance of their competitors. The research also reveals that either bigger companies, companies with more experienced managers or with better performance show better performance measurement systems / Objetiva identificar como as imobili?rias da cidade do Natal medem seu desempenho organizacional. Tradicionalmente, as empresas avaliam o desempenho de seus processos, basicamente, utilizando medidas financeiras; por?m, o avan?o tecnol?gico, a internacionaliza??o da economia e a mudan?a no comportamento do consumidor exigem produtos e servi?os cada vez melhores, al?m de outros conjuntos de medi??o. Tais modifica??es motivam as organiza??es ? cont?nua melhoria da qualidade de seus produtos e servi?os. Nesse sentido, as empresas precisam associar os seus resultados financeiros ao seu desempenho global, necessitando, portanto, de modelos de avalia??o de desempenho organizacional, que associem medidas financeiras e n?o-financeiras ? estrat?gia das empresas. A pesquisa tamb?m procura responder quais os indicadores de desempenho utilizados por essas empresas, bem como testar um modelo conceitual, que questiona: a) se existe rela??o entre as caracter?sticas dos gestores e as caracter?sticas dos sistemas de medi??o; b) se existe rela??o entre as caracter?sticas da empresa e as caracter?sticas do sistema de medi??o, utilizado para avaliar seu desempenho organizacional; e c) se existe rela??o entre as caracter?sticas dos sistemas de medi??o e o desempenho da empresa. As informa??es, tomadas como base para o estudo, foram obtidas por meio de uma pesquisa emp?rica, com question?rios, junto a 66 (sessenta e seis) empresas da cidade do Natal, capital do Estado do Rio Grande do Norte. Os resultados revelam que as empresas pesquisadas n?o utilizam nenhum dos sistemas de avalia??o de desempenho mais modernos, citados na literatura. Contudo, utilizam isoladamente algumas medidas desses modelos, entre as quais algumas adotadas no Balance Scorecard, bem como realizam o processo de benchmarking, por meio de compara??es com o desempenho de seus concorrentes. A pesquisa tamb?m revela que empresas que t?m seus gestores com mais experi?ncia, empresas maiores e com melhor desempenho apresentam sistemas de medi??o mais sofisticados

Made available in DSpace on 2014-12-17T13:57:04Z (GMT). No. of bitstreams: 1 MariaCM_ate_Bibliografia.pdf: 2147377 bytes, checksum: 17055cddddfb1ad0b0d0045f3d71d747 (MD5) Previous issue date: 2004-10-21 / As an example of what happened in Brazil in the 90s, it s noticed in Natal a new system of cooperative housing production which is done by advancing the users resources selffinancing. This system comes as an alternative for the real state market performance since the end of the National Housing Bank (BNH), in 1986. Self-financed housing cooperatives play an important social role by contributing to own housing acquisition by low-income population, without, however, becoming a mechanism of social interest housing production. It is important to consider that Brazil registers a housing deficit of 6.6 million housing units (IBGE 2000/Census), which, compared to 1991, shows an increment of 21.7% to a growth rate of 2.2% a year. This deficit figure has been deepening, mainly with the end of the National Housing Bank (BNH). The self-financed cooperative housing production broadens around the Metropolitan Region of Natal (RMN) and remains as an alternative to the lack of financing in the housing / real state market. In general, the aim of this work is to analyze the role of self-financing housing cooperatives on the housing production in the RMN, in order to identify their role in the real state market, in the own housing promotion and in the housing policy. The Universe of this study is performance of four housing cooperatives - CHAF-RN, COOPHAB-RN, MULTHCOOP e CNH - that work through self-financing. It is considered here an amount of 38 undertakings launched between 1993 and 2002, including 8143 housing units. The methodology adopted consists of bibliographic, documental and field research. As a result, actions like brokerage, marketing, speculation, and the criteria to define places for undertakings and final products, show how close they are to the housing market production. As a matter of fact, this short distance explains why the self-financed cooperative production for social interest housing is still limited. This reinforces the theory that it is necessary to define and implement a subsidized housing policy to serve the low-income Brazilian population / A exemplo do que ocorreu no Brasil na d?cada de 1990, surge em Natal, 1993, um novo sistema de produ??o cooperada de moradia que consiste na antecipa??o de recursos dos pr?prios usu?rios ? produ??o - autofinanciamento. Esse sistema nasce enquanto uma alternativa para o desempenho das atividades do mercado imobili?rio face ? redu??o e escassez do financiamento estatal, ap?s a extin??o do Banco Nacional da Habita??o -BNH, em 1986. As Cooperativas Habitacionais Autofinanci?veis desempenham importante papel social, ao contribu?rem para a aquisi??o da casa pr?pria para determinados segmentos da popula??o, sem, no entanto, se constitu?rem mecanismo de promo??o e produ??o de habita??o de interesse social. Vale lembrar que o Brasil registra um d?ficit habitacional de 6,6 milh?es de unidades (IBGE -Censo/2000) que, comparado ao de 1991, significa um incremento de 21,7% a uma taxa de crescimento de 2,2% ao ano. O quadro de d?ficit vem se aprofundando, principalmente com a extin??o do BNH. Esta forma cooperada de produ??o de moradia se expande pela Regi?o Metropolitana de Natal (RMN) e constitui, ainda hoje, uma alternativa ? escassez de financiamento no mercado imobili?rio habitacional. O objetivo deste trabalho, no geral, ? compreender o papel das Cooperativas Habitacionais Autofinanci?veis na produ??o de moradia na RMN, a fim de identificar o seu papel no mercado imobili?rio, na promo??o da casa pr?pria e na pol?tica habitacional. O universo considerado ? a atua??o das Cooperativas Habitacionais com sede em Natal - CHAF-RN, COOPHAB-RN, MULTHCOOP e CNH -que atuam atrav?s do autofinanciamento. ? considerada a totalidade dos 38 empreendimentos lan?ados no per?odo de 1993 a 2002, abrangendo 8143 unidades habitacionais. A metodologia adotada contempla a pesquisa bibliogr?fica, documental e de campo. Enquanto resultados obtidos, a reprodu??o de pr?ticas, como corretagem, marketing, especula??o, os crit?rios utilizados para defini??o de localiza??o dos empreendimentos e o produto final, demonstram a estreita aproxima??o com a produ??o mercantil de moradia. Ali?s, o n?o distanciamento da l?gica de produ??o de mercado se constitui um elemento que explica as limita??es da produ??o cooperada autofinanciada para habita??o de interesse social. Isto refor?a a tese da necessidade de defini??o e implementa??o de uma pol?tica habitacional subsidiada para atender a popula??o brasileira de baixa renda