Risk i fastighetsbolag
: - en kvantitativ studie av kommunala och privata fastighetsbolag

Translated title of the thesis: Risk in real estate firms: - a quantitative studie of municipal and private property
  • Johanna Hagberg
  • Jonas Magnusson

    Student thesis: Bachelor


    Compared to other industries, real estate markets have historically low return on total assets, instead they use a leverage strategy to create a more efficient ratio on return on equity. There are many risk variables associated with real estate and several ways for real estate firms to differentiate themselves from the unsystematic risk. The municipal property firms have a funding source Kommuninvest, only turning to public utilities and not private actors.

    The purpose of this paper is to analyze the historical risk and return generated by municipal and private property firms. The method is quantitative, combined with a deductive theory, which has an explanatory approach.

    Based on theory we have formulated three hypotheses to explore and see if we can find indicators of how differences between municipal and private property is. To conduct the survey, the thesis has a quantitative method and statistical tests to analyze the outcomes.

    The results indicate that there is a significant difference in two of the hypotheses between municipal and private property. How the survey is conducted is described in the empirical method. From the results determined, the intention shows that there is more to explore, and new suggestions for further research have been suggested.

    Date of Award2013-Aug-28
    Original languageSwedish
    SupervisorBengt Igelström (Supervisor) & Elin Smith (Examiner)

    Educational program

    • Degree of Bachelor of Science in Business and Economics

    University credits

    • 15 HE credits

    Swedish Standard Keywords

    • Business Administration (50202)


    • real estate market
    • finance
    • return on invested capital
    • risk
    • sharpe-ratio

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