Um modelo de análise de qualidade de um projeto de investimento em shopping center pela avaliação do seu fluxo de caixa

Resumo

The objective of this dissertation is it of proposing a model of analysis of quality of an investment project in an enterprise of real estate base denominated shopping center, in the form of a prototype, relating the practical technical aspects of the same with its theoretical reference through the following secondary objectives: (i) to analyze the established relationships between the bibliographical material and the technical problems found in practice business of the analysis of investments; (ii) to research and to describe the necessary steps to the elaboration of the economical and financial planning of an investment project in a shopping center, leaving of the search of the demand, of the projection of the incomes and expenses and of the evaluation of the necessary investments to the development of the same; (iii) to analyze the viability and the profitability of the project through the use of the methods of the Liquid Present Value and of the Tax it Interns of Return; and, finally (iv) to accomplish the analysis of risk of the project for the method of analysis of sceneries MOP - more probable - Optimistic - Pessimistic. At the end of the study it is ended that: (i) the methods of the Liquid Present Value and of the Tax it Interns of Return are effective tools in the evaluation of the profitability and viability of projects of investments in shopping center; (ii) the shopping centers are enterprises economically very interesting because, same when drifted under conservative criteria present great attractions in economical and financial terms, be for their entrepreneurs, be for the shopkeepers that settle in him, be for the consuming public that will frequent him/it, because besides being an efficient instrument of generation of jobs and fiscal income, they represent a better alternative to the traditional street trade for offering larger comfort, horse sense and safety to the community. Like this, this work intends to show the conjunction of the bibliography with the practice, through the use of a prototype of an enterprise of the type shopping center, in the measure in that it presents the financial concepts of their incomes and expenses, it also explains as the same was constituted with base in the previous planning and in the viability studies, until his/her inclusion in the project. Finally, understood the analysis of economical viability of the project, this study guides the decision of undertaking a shopping center under the economical and financial point of view, through the simulation of data in the standard model of presented cash flow.

Ficha do documento

Tipo

Dissertação

Ano

2003

Instituição

Fundação Getulio Vargas

Fonte

Repositório da FGV

Idioma

Português

Acesso

Acesso aberto

Identificador

oai:repositorio.fgv.br:10438/31871

Temas

Finanças PúblicasAdministração Pública

Palavras-chave

Fluxo de caixaInvestimentosCash FlowInvestmentsAdministração públicaCentros comerciais - PlanejamentoEmpresas - AvaliaçãoProjetos de investimento - Avaliação