A crise imobiliária e o valor justo das propriedades para investimento das empresas

Abstract

The aim of this article is to identify and analyze, through the published financial statements of companies in the real estate exploration segment listed in B3, the impacts caused by the variation in the fair value of investment properties, resulting from the crisis in the real estate sector. The sample consisted of seven Novo Mercado companies listed on B3 in the period from 2012 to 2018 with the application of the regression model with panel data. The results suggest that companies that adopt the accounting policy of recognition at fair value tend to present a smaller percentage variation of the fair value than companies that adopt the cost method. The CBIC variable (variation in the added value of civil construction) was significant at 10% to explain the behavior of the variation in the fair value of companies in the analyzed period.