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Validation of an Information Asymmetry Scale in the Portuguese Real Estate Market

dc.contributor.authorTavares, F.
dc.contributor.authorSantos, E.
dc.date.accessioned2024-01-04T13:57:26Z
dc.date.available2024-01-04T13:57:26Z
dc.date.issued2021
dc.date.updated2023-12-22T19:21:55Z
dc.description.abstractPurpose – The motivation to study the information asymmetry in the real estate market comes from the fact that this market is far from being efficient and perfect, and buying a house is, for most families, the biggest deal of their lives. This paper aims to validate a scale that evaluates the information asymmetry in the Portuguese real estate market. Theoretical framework – During the sales negotiation process, estate agents exhibit the positive aspects of the house, as well as its amenities and qualities, and camouflage the least positive aspects of the deal. Finding both the positive and the negative aspects is crucial. Design/methodology/approach – To collect the sample, an instrument based on a questionnaire survey was used, which analyses the information asymmetry in the real estate market and the sociodemographic profile of estate agents in Portugal. The sample is composed of 350 commercial delegates from the three biggest real estate mediation companies in the Portuguese market. Findings – The results show that the scale for the information asymmetry in the Portuguese real estate market is composed of six factors, which present adequate levels of validity and reliability: negative externalities, possibilities of making a deal, housing quality, service areas, proximity to businesses, and positive externalities. Practical & social implications of research – This study is expected to contribute to improving the scientific knowledge on the real estate market, and to enhancing the information transmitted by estate agents to their future clients. Originality/value – In Portugal, there is no study with such depth about this topic of research. The validation of the information asymmetry scale in the Portuguese real estate market represents a breakthrough in the knowledge in this area.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationTavares, Fernando., Santos, Eulália Mota., (2021). Validation of an Information Asymmetry Scale in the Portuguese Real Estate Market. Revista Brasileira de Gestão de Negócios, 23(4), p.586-599.pt_PT
dc.identifier.doi10.7819/rbgn.v23i4.4136pt_PT
dc.identifier.eid2-s2.0-85126281646
dc.identifier.eissn1983-0807
dc.identifier.issn1806-4892
dc.identifier.slugcv-prod-2962981
dc.identifier.urihttp://hdl.handle.net/10400.8/9163
dc.identifier.wosWOS:000745996100001
dc.language.isoengpt_PT
dc.publisherFundação Escola de Comércio Álvares Penteadopt_PT
dc.relation.publisherversionhttps://rbgn.fecap.br/RBGN/article/view/4136pt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectReal estate externalitiespt_PT
dc.subjectHousing locationpt_PT
dc.subjectHousing demandpt_PT
dc.subjectReal estate marketpt_PT
dc.subjectInformation asymmetrypt_PT
dc.titleValidation of an Information Asymmetry Scale in the Portuguese Real Estate Marketpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage599pt_PT
oaire.citation.issue4pt_PT
oaire.citation.startPage586pt_PT
oaire.citation.titleReview of Business Managementpt_PT
oaire.citation.volume23pt_PT
person.familyNameSantos
person.givenNameEulália Maria Mota
person.identifierAAO-4024-2020
person.identifier.ciencia-idD515-A6BD-A750
person.identifier.orcid0000-0001-8069-2657
person.identifier.scopus-author-id37089304300
rcaap.cv.cienciaidD515-A6BD-A750 | Eulália Maria Mota Santos
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublicationef54e890-81e1-4ae4-a2eb-7c64921798f4
relation.isAuthorOfPublication.latestForDiscoveryef54e890-81e1-4ae4-a2eb-7c64921798f4

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