Sammanfattning Titel: Bostadsrättsbyggande i en lågkonjunktur Ämne: Kandidatuppsats i företagsekonomi, 15 hp Författare: Ebba Fritz & Emmy Rabe Nyckelord: Lågkonjunktur, kapitalstruktur, bostadsmarknaden, hushållens köpkraft Syfte: Syftet med examensarbetet är att undersöka vilka faktorer som påverkar de privata fastighetsbolagens möjlighet att anskaffa kapital för att bygga och sälja bostadsrätter. Studien kommer även att undersöka vilka faktorer som ligger till grund för att färre bostadsrätter byggs i en lågkonjunktur. Metod: I denna studie användes en abduktiv forskningsansats med en kvalitativ metod. Empiri insamlingen baseras på intervjuer från sex respondenter som representerar olika företag som är aktiva i Göteborg. Den teoretiska referensramen har tagits fram med hjälp av relevanta vetenskapliga artiklar, litteratur samt internetkällor med koppling till fastighets- & byggbranschen. Slutsats: Studiens slutsats visar att den rådande marknadssituationen har gjort det svårt för privata fastighetsbolag att anskaffa kapital för att bygga bostadsrätter. Bankernas restriktivitet har visat sig genom skärpta krav på försäljningsgrad vilket har försvårat fastighetsbolagens finansiering av nya projekt. Överskott av osålda bostadsrätter, den förhöjda räntenivån och minskad efterfrågan på grund av ekonomisk osäkerhet har också bidragit till att företagen bygger mindre. Hushållens försiktighet gällande köp av bostadsrätter på grund av höga räntor och psykologiska faktorer har bidragit till återhållsamhet och begränsad investeringsvilja vilket har varit en bidragande faktor till att fastighetsbolagen har haft svårigheter med sin försäljning. Företagen arbetar med strategisk planering för att överleva lågkonjunkturen och positionera sig för framtiden. / Abstract Title: Building condominiums in a recession Subject: Master's thesis in business administration, 15 credits Author: Ebba Fritz & Emmy Rabe Keywords: Recession, capital structure, housing market, household purchasing power Purpose: The purpose of the thesis is to investigate which factors affect the private real estate companies' ability to acquire capital to build and sell condominiums. The study will also investigate which factors are the basis for fewer condominiums being built in a recession. Method: This study used an abductive research approach with a qualitative method. The empirical data collection is based on interviews from six respondents who represent different companies that are active in Gothenburg. The theoretical frame of reference has been developed with the help of relevant scientific articles, literature and internet sources connected to the real estate & construction industry. Conclusion: The study's conclusion shows that the current market situation has made it difficult for private real estate companies to acquire capital to build condominiums. The restrictiveness of the banks has been shown through stricter requirements on the sales ratio, which has made it more difficult for the real estate companies to finance new projects. Surplus unsold condominiums, the increased interest rate and reduced demand due to economic uncertainty have also contributed to companies building less. The caution of households due to high interest rates and psychological factors has led to restraint and limited willingness to invest, which has been a contributing factor to the fact that property companies have had difficulties with their sales. The companies work with strategic planning to survive the recession and position themselves for the future.

This study's aim was to investigate the strength of contextual aspects' influences on environmentally ethical behaviour (EEB). A survey method with a selfadministered questionnaire was used and a cross-section of the Muslim male population of New Zealand was taken. The qualitative interviews and email questionnaires were also utilised to further explain the survey results. The linear regression analyses show correlations between contextual aspects (i.e., social, religious, economic, political, and demographic) and EEB (pre-cycling, re-use and recycling). Results indicate that the contextual aspects are influential on EEB in many ways and degrees. A model describing the relationship was developed. The economic aspect statistically significantly related to EEB the strongest. The qualitative interview and email questionnaire data support the findings of the survey. The relationship was positive, meaning that the more the consumers were influenced by the economic aspect to behave in an environmentally ethical way, the more they were likely to perform EEB. Compared to the economic aspect, white collar workers, number of household occupant, work involvement with the environment, type of house, and age had a weaker statistically significant relationship with EEB. The relationships were positive, meaning that the better the consumers' occupation (i.e., white collar workers), the more household member they had (i.e., 4 and above), the higher their level of work involvement with the environment, and the better their dwelling (i.e., bungalow or semi-detached houses), the more they were likely to perform EEB. However, the relationship between age and EEB was negative, meaning that the younger the consumers the more they were likely to perform EEB. However, the results of this study, from both the survey and the interview methods, indicate that demographic characteristics were not as important as the contextual aspects, particularly the economic aspect, in understanding consumers' EEB. This study shows that the economic aspect was very important in understanding consumers' EEB compared to the other contextual aspects even the political aspect was statistically significantly related to EEB via the economic aspect. Thus, the economic aspect should be used optimally by public and private sector managers to promote EEB.