Kalkylmetoder vid offentliga investeringar
: en jämförelse mellan fyra kommuner

Translated title of the thesis: Capital budgeting for public investment: a comparison between four municipalities
  • Hanna Eriksson
  • Emma Ståhl

Student thesis: Bachelor


Today, there are 290 municipalities in Sweden that have a responsibility for the community service the inhabitants use. In order to develop society and its functions, investments are required every year. One basis on which the investments are based is investment calculations. Private companies have clear goals where profits are at the center, while municipal companies have more difficulty identifying the goal and purpose of the investments. 

The aim of the study is to explore investment calculation in the public sector and to gain an understanding of how and why specific calculation methods are used when investing in tangible fixed assets. The purpose is also to create a better understanding of the uncertainties that arise when calculating investments and how these are handled.

The study is an exploratory study of a qualitative nature. The theoretical frame of reference is primarily based on literature and scientific articles. The collected empirical data is based on semi-structured interviews from six people with different positions from four different municipalities in southern Sweden. 

The results show that the municipalities use simple investment calculations that they have designed themselves. The calculations contain both financial and non-financial aspects and are used as arguments for an investment to be carried out. There are a number of uncertainties in the implementation of investments. Uncertainties are captured through consulting assistance, risk and opportunity analyzes or through technical investigations. All municipalities handle uncertainties through an uncertainty factor in the calculation. The study contributes with a knowledge and understanding of calculations in municipal investments. In this way, both residents and those who work in municipalities can influence and develop the calculations for the better. 

Date of Award2021-Jul-01
Original languageSwedish
SupervisorElin Smith (Supervisor) & Heléne Tjärnemo (Examiner)

Educational program

  • Degree of Bachelor of Science in Business and Economics

Courses and Subjects

  • Accounting and auditing

University credits

  • 15 HE credits

Swedish Standard Keywords

  • Business Administration (50202)

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