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Operating Under Business-Like Principles in Sweden: An Exploratory Study of Municipal Public Housing Companies’ Practice
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration. (Finance)
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Business Administration. (Finance)
2016 (English)In: Northeastern Association of Business, Economics and Technology Proceedings: 2016, 39th year / [ed] Sigmond, N., Myers, C. and Belloit, J. D., 2016Conference paper (Refereed)
Abstract [en]

This exploratory study attempts to ascertain if financial observations paralleled the text in owner directives that suggested Municipal Housing Companies (MHCs) in Sweden have complied with the Public Municipal Housing Companies Act of 2011 (PMHCA 2011) requiring them to act in a business-like manner.  Results are reported for 2 of the original 20 companies used in a sample suggesting MHCs were acting in a business-like manner as required by PMHCA 2011.  Information for the study was obtained from the Retriever Business database, which included complete company financials for the period.  Best straight lines were constructed through individual company data from 2003 to 2010 (pre-regulation) and 2010 to 2014 (post-regulation).  A t-test of slope difference was used to indicate the significance of any change.   Sample results suggest that the industry as a whole has adjusted overall to the business-like mandate.  Some, however, have done better than others in making changes.  Others have lagged behind to the extent that they have not changed at all.   It is likely that future policy will reflect results such as developed herein, as well as industry practice and individual company goals.

Place, publisher, year, edition, pages
2016.
Series
, Northeastern Association of Business, Economics and Technology Proceedings, 39
Keyword [en]
Municipal Public Housing, Sweden, Companies Act of 2011, Business-like Principles
National Category
Social Sciences
Research subject
Business Studies
Identifiers
URN: urn:nbn:se:umu:diva-125406OAI: oai:DiVA.org:umu-125406DiVA: diva2:967885
Conference
Northeastern Association of Business, Economics and Technology (NABET)
Available from: 2016-09-09 Created: 2016-09-09 Last updated: 2016-09-09

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