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Cost Control and Revenue Generation: The Case of Public Housing Companies Experiences in Sweden
Umeå University, Faculty of Social Sciences, Business Administration.
Umeå University, Faculty of Social Sciences, Umeå School of Business.
Umeå University, Faculty of Social Sciences, Umeå School of Business.
2004 (English)In: Regional studies, ISSN 0034-3404, Vol. 38, no 7, 803-815 p.Article in journal (Refereed) Published
Abstract [en]

Increased competition for funds associated with the provision of public-sector housing, stock privatization, and attempts to introduce more tenant-centred and effective housing management services are trends seen in social housing throughout the European Union. Consequently, studies have been done that compare programmes worldwide and in Europe, or analyse changes in single countries. The Swedish system has received attention because of its long-term viability. An ordinary least-squares analysis of financial information from providers in this system has been made with special regard to revenue generation capabilities, the ability to remain profitable, and the retention of asset values for both level and first difference approaches. If one general lesson can be drawn from the empirical results, it would be that expenditures on consolidated maintenance are associated not only with short- term rental revenues, but also undoubtedly with long-term viability. Further, first difference results suggested that negotiated rents produced operating profits that kept pace with revenues over that period of the study. The results should be especially relevant to the interests of a wide range of local governments where public housing is of concern. In particular, those individuals bearing greater responsibility for running self-sufficient systems and also policy-makers interested in running efficient, effective systems should be interested in these observations.

Place, publisher, year, edition, pages
2004. Vol. 38, no 7, 803-815 p.
Identifiers
URN: urn:nbn:se:umu:diva-3796DOI: 10.1080/0034340042000265278OAI: oai:DiVA.org:umu-3796DiVA: diva2:142670
Available from: 2004-03-16 Created: 2004-03-16 Last updated: 2009-06-11Bibliographically approved
In thesis
1. Essays of Financial Performance and Capital Structure
Open this publication in new window or tab >>Essays of Financial Performance and Capital Structure
2003 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This thesis consists of an introductory chapter and four self-contained essays on financial performance and capital structure.

Essay I assesses the strength of strategic inputs into profitability among firms within several sub-sectors within the industrial service sector in the U.S. and Sweden. In this study we employ an ordinary least square regression. The results, coupled with structural observations on production sectors, suggest that significant differences may indeed occur in both productivity and pricing in the two systems, i.e. the U.S. and Sweden.

Essay II estimates the impact of operating costs and cost of debt on revenue, profit generation and asset retention in public housing companies in Sweden. A general conclusion to draw from the empirical results is that expentitures on consolidated maintenance is not only associated with short-term rental revenues, but undoubtedly long-term viability as well. Further, first difference results suggested that negotiated rents produced operating profits that kept pace with revenues over the time period of study.

Essay III examines the impact of selected financial and contextual variables on managers’ decisions to appropriate funds to tax allowances in small firms in Sweden. The motive for appropriating to the tax allocation reserve is twofold. First, the tax allocation reserve is intended to lower the tax levy on investments financed with internally generated income. Second, it creates a possibility for firms to smooth income over a number of years. The results, from the logistic regression, suggest that financial performance, financial position and prior appropriations do impact on managers’ decision to appropriate.

Essay IV examines the association between the two sides of the balance sheet based on financial statement information from small firms in Sweden The results of the multivariate canonical correlation analysis provides some support to the hypotheses that firms develop patterns, in their use of assets and their financing.

Place, publisher, year, edition, pages
Umeå: Umeå universitet, 2003. 46 p.
Series
Studier i företagsekonomi. Serie B, ISSN 0346-8291 ; 51
Keyword
Business studies, financial accounting, financial statements, financial performance, capital structure, tax allowances, comparative studies, Företagsekonomi
National Category
Business Administration
Identifiers
urn:nbn:se:umu:diva-213 (URN)91-7305-558-1 (ISBN)
Public defence
2003-12-12, Hörsal G, Humanisthuset, Umeå universitet, 901 87 Umeå, Umeå, 13:15 (English)
Opponent
Supervisors
Available from: 2004-03-16 Created: 2004-03-16 Last updated: 2009-06-11Bibliographically approved

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Lindbergh, Lars

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