En jämförelse av kapitalstrukturen mellan allmännyttiga och börsnoterade fastighetsbolag på den svenska marknaden

Detta är en Kandidat-uppsats från Lunds universitet/Företagsekonomiska institutionen

Sammanfattning: Purpose: Investigate and clarify differences in the capital structure between non-profit and listed real estate companies on the Swedish market. Furthermore, the study intends to test how previous theories about capital structure with leverage as a dependent variable are able to explain the causal relationship between the studied forms of company and their capital structure. Method: A quantitative study with a deductive method for examining statistical differences between nonprofit and listed real estate companies on the Swedish market. Theoretical framework: The study's theoretical framework is based on traditional theories of capital structure, trade-off theory and pecking order theory. A presentation of previous research has been designed, partly with a focus on research on capital structure as a general phenomenon and a clarification of its role in real estate companies. The investigated variables of the study are presented. Empirical evidence: The sample consists of 74 companies, evenly distributed between the forms of company. The statistical data has been made possible through the programs Retriever and Eviews. The time horizon is set between the years 2014-2019. Conclusion: The results show that Tangible assets and Age are statistically significant variables of the leverage of listed real estate companies. Furthermore, the results show that Profitability, Age and Size are significant variables of leverage in non-profit real estate companies. There are also differences regarding the leverage of the company forms. The result does not answer which of the relevant theories about capital structure best explains and clarifies the differences between nonprofit and listed real estate companies.

  HÄR KAN DU HÄMTA UPPSATSEN I FULLTEXT. (följ länken till nästa sida)