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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.
1

Debt in Swedish Co-op Organizations and Selling Prices : A quantitative study of the effect of debt on cessionprices of co-ops

Binaku, Ifete, Lingbrant, Peter January 2010 (has links)
This study is focused on finding what impact the debt of co-op organizations has on cession prices. This is performed through a quantitative method, using multiple multi-linear regression analysis on a sample of 322 observations of co-op purchases in the inner areas of Stockholm in February 2010. The regressions are also applied to different sub-samples constructed within the observations. Previous theories and research on price fixing, capital structure and market efficiency are discussed in the context of the results. This study also presents a brief discussion on the structure of the Swedish housing market. The results show that the debt-ratios do not significantly affect the cession prices. However, the nominal amount of debt per co-op affects the cession price negatively. The results also show that co-op sizes, the monthly fee and the number of rooms do affect the price significantly. Also, common assumptions about co-ops, such as the idea that new co-op organizations would have more debt than old ones, are explored empirically. The market-to-book-ratio of the observations is also calculated in order to explain the results from the coefficient for booked debt and debt-ratios.

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