Påverkar bankerna priset på fastigheter när de ändrar sina villkor
(2015) FEKP01 20151Department of Business Administration
- Abstract
- Title: Do banks affect real estate prices when they change their terms and conditions?
Seminar date: 08/26/2010
Course: Master thesis in business administration, major in finance, 15 University
Credit Points (15 ECTS)
Authors: Jakob Paulsson and Rickard Claeson
Advisors: Jens Forssbaeck and Måns Kjellsson
Five key words: Real estate prices, Credit standards, Commercial real estate, Real
estate valuation, Financial crisis.
Purpose: The purpose of this thesis is to investigate if there is a statistically
significant relationship between banks’ credit standards for commercial loans and the
average prices of commercial real estate.
Methodology: The methodology used in this thesis is a quantitative study using
multiple linear... (More) - Title: Do banks affect real estate prices when they change their terms and conditions?
Seminar date: 08/26/2010
Course: Master thesis in business administration, major in finance, 15 University
Credit Points (15 ECTS)
Authors: Jakob Paulsson and Rickard Claeson
Advisors: Jens Forssbaeck and Måns Kjellsson
Five key words: Real estate prices, Credit standards, Commercial real estate, Real
estate valuation, Financial crisis.
Purpose: The purpose of this thesis is to investigate if there is a statistically
significant relationship between banks’ credit standards for commercial loans and the
average prices of commercial real estate.
Methodology: The methodology used in this thesis is a quantitative study using
multiple linear regression models.
Theoretical perspectives: The theoretical perspectives of this thesis includes theories
regarding the valuation of real estate, including a modified discounted cash flow
model. Theories concerning capital structure choice and a description of the
characteristics of leverage are also included. As a complement to these theories, the
authors accounts for prior research relevant to the topic of this master thesis.
Empirical foundation: The empirical foundation is comprised of time series for real
estate prices, credit supply, credit demand, GDP and REFI-rate in Sweden, Denmark,
France, Netherlands, Spain, Great Britain, Switzerland, Ireland and Finland.
Conclusions: The research concludes that we only can establish a statistically
significant relationship between changes in credit standards and real estate prices in
Ireland. Here, the average real estate price decrease when banks tighten their credit
standards. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/5426138
- author
- Claeson, Rickard LU and Paulsson, Jakob LU
- supervisor
- organization
- alternative title
- Do banks affect real estate prices when they change their terms and conditions
- course
- FEKP01 20151
- year
- 2015
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Fastighetspris, Kreditrestriktioner, Kommersiella fastigheter, Fastighetsvärdering, Finanskris.
- language
- Swedish
- id
- 5426138
- date added to LUP
- 2015-05-22 08:16:10
- date last changed
- 2015-05-22 08:16:10
@misc{5426138, abstract = {{Title: Do banks affect real estate prices when they change their terms and conditions? Seminar date: 08/26/2010 Course: Master thesis in business administration, major in finance, 15 University Credit Points (15 ECTS) Authors: Jakob Paulsson and Rickard Claeson Advisors: Jens Forssbaeck and Måns Kjellsson Five key words: Real estate prices, Credit standards, Commercial real estate, Real estate valuation, Financial crisis. Purpose: The purpose of this thesis is to investigate if there is a statistically significant relationship between banks’ credit standards for commercial loans and the average prices of commercial real estate. Methodology: The methodology used in this thesis is a quantitative study using multiple linear regression models. Theoretical perspectives: The theoretical perspectives of this thesis includes theories regarding the valuation of real estate, including a modified discounted cash flow model. Theories concerning capital structure choice and a description of the characteristics of leverage are also included. As a complement to these theories, the authors accounts for prior research relevant to the topic of this master thesis. Empirical foundation: The empirical foundation is comprised of time series for real estate prices, credit supply, credit demand, GDP and REFI-rate in Sweden, Denmark, France, Netherlands, Spain, Great Britain, Switzerland, Ireland and Finland. Conclusions: The research concludes that we only can establish a statistically significant relationship between changes in credit standards and real estate prices in Ireland. Here, the average real estate price decrease when banks tighten their credit standards.}}, author = {{Claeson, Rickard and Paulsson, Jakob}}, language = {{swe}}, note = {{Student Paper}}, title = {{Påverkar bankerna priset på fastigheter när de ändrar sina villkor}}, year = {{2015}}, }