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Debt in Swedish Co-op Organizations and Selling Prices: A quantitative study of the effect of debt on cessionprices of co-ops
Stockholm University, Faculty of Social Sciences, School of Business.
Stockholm University, Faculty of Social Sciences, School of Business.
2010 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

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.

Place, publisher, year, edition, pages
Keyword [en]
Co-op organizations, debt-ratio, housing market, Sweden, Stockholm, hedonic
National Category
Business Administration
URN: urn:nbn:se:su:diva-42030OAI: diva2:343734
Social and Behavioural Science, Law
Available from: 2011-02-16 Created: 2010-08-16 Last updated: 2011-02-16Bibliographically approved

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