Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/5077
Título: | A survey on asset allocation in the portuguese real estate market |
Autor(es): | Vasques, F. Teixeira, José M. Cardoso Brandão, Elísio |
Palavras-chave: | Asset allocation Decision making Real estate |
Data: | 2005 |
Editora: | Universidade de Lisboa. Instituto Superior Técnico (IST) |
Citação: | INTERNATIONAL CONFERENCE ON INFORMATION AND KNOWLEDGE MANAGEMENT IN A GLOBAL ECONOMY AND CIB W102 ANNUAL MEETING, 1, Lisboa, 2005 - "International Conference on information and Knowledge in a Global Economy CIB W102-2005". Lisboa : Instituto Superior Técnico, 2005. |
Resumo(s): | Most important academic theoretical developments in finance and investment have been transferred to widespread practical use, especially in the more efficient securities markets. Real estate investment research has followed these developments, with a lag of about 20 years, but to some extent, common practice of asset allocation in a property portfolio still relies a lot on a qualitative and subjective personal judgment. To assess the reality and extent of this situation among the institutional property investors operating in the Portuguese market, a study based on a survey among a reference group of managers of large real estate portfolios was developed. This includes real estate fund management societies, pension funds and significant real property investment companies. The survey covers management decision-making practices, use of specific information, indices and databases, the role of appraisal, and the use of quantitative models regarding performance measurement, benchmarking and optimization of asset allocation. The aim is to establish the real gap between theory and practice. Research design is presented and justified against economic reality, and recent related and similar studies. |
Tipo: | Artigo em ata de conferência |
URI: | https://hdl.handle.net/1822/5077 |
Arbitragem científica: | yes |
Acesso: | Acesso aberto |
Aparece nas coleções: | CEC-GTC - Comunicações a Conferências Internacionais |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Vasques_CI_2005.pdf | 88,79 kB | Adobe PDF | Ver/Abrir |