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.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:su-42030 |
| Date | January 2010 |
| Creators | Binaku, Ifete, Lingbrant, Peter |
| Publisher | Stockholms universitet, Företagsekonomiska institutionen, Stockholms universitet, Företagsekonomiska institutionen |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
Page generated in 0.0113 seconds