Owning vs leasing of real properties in the Swedish public sector

Lind, Hans; Lundström, Stellan

doi:10.1108/14630011011074777

Cited by 6 publications

(3 citation statements)

References 5 publications

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“…Here are some general ideas, based primarily on a study of maintenance planning for schools in Swedish municipalities described in Lind and Hellström (2006) and Lind and Lundström (2010).A precondition for good planning with unpredictable objects is a good information system with a conscious balancing of costs and benefits of different alternative ways of collecting the types of information needed. This information includes the needs and plans of the users of the building, e.g.…”

Section: Maintenance Planning Under High Uncertaintymentioning

confidence: 99%

Building maintenance strategies: planning under uncertainty

Lind

Muyingo

2012

Property Management

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PurposeThe purpose of this article is to critically evaluate maintenance strategies and determine to what extent models from other sectors can be applied to building maintenance.Design/methodology/approachThe paper is a theoretical paper based on a number of Swedish studies, both case studies and questionnaires. From these a number of stylized facts have been identified and the purpose is to explain and draw conclusions from these.FindingsThe main finding is that there are a number of specific uncertainties that affect building maintenance planning making more detailed long‐term plans less meaningful. A new structure for maintenance is proposed focusing on long‐term strategies goals for various buildings/components and then short run adjustments when new information comes up.Research limitations/implicationsThe case for the new model needs to be strengthened by further studies, including studies from other countries.Practical implicationsMaintenance activities will be more important as the large building stock from the 1950s and 1960s needs to be renovated or demolished. A rational structure and realistic expectations concerning maintenance planning is then important.Originality/valueThe most important contribution of the article is to underline the importance of different types of uncertainty for the structure of maintenance planning for building.

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Section: Maintenance Planning Under High Uncertaintymentioning

confidence: 99%

Building maintenance strategies: planning under uncertainty

Lind

Muyingo

2012

Property Management

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“…We build further on their analysis by providing a discussion of internal rent setting as well as the charging of an interest return on properties based on fundamental economic principles. Lind and Lundström (2010) report a number of case studies that illustrate the rationale for the public sector to rent rather than own real property.…”

Section: Introductionmentioning

confidence: 99%

Internal rents and the ownership of state properties: experiences from Sweden

Andersson

Söderberg

2011

Journal of Corporate Real Estate

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PurposeThe purpose of this paper is to show that general‐ and special‐purpose properties have to be dealt with differently by the public sector.Design/methodology/approachApplication of standard economic theory concerning pricing of properties and infrastructure. The issues are analyzed based on experiences from Swedish state‐owned properties.FindingsThe distinction results in quite different public property management strategies. Special‐purpose properties have no short‐run alternative use and have limited rental and capital values, unlike general‐purpose properties. Thus, to apply a required rate of return based on assumed capital values universally will lead to inefficient use. For special‐purpose properties, short‐run marginal costs (SRMCs) should be charged – no more.Practical implicationsGeneral properties owned by the state represent a suitable case for privatization. For special‐purpose properties, only SRMCs should be charged.Originality/valueThe paper makes a distinction between two kinds of state‐owned properties; general‐ and special‐purpose properties, and analyzes the important consequences in property management.

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“…The results indicated that, in terms of the off balance sheet activities, the commercial banks of the public sector lag behind the commercial banks of the private sector. Lind and Lundström (2010) showed that the public sector would proportionately sell and lease back fewer facilities in the next five years, or in which public-private ownerships are implemented. Since the number of sales has been relatively small in Sweden, it is not significant to discuss further longterm dynamic macro-effects, for instance if new large private asset owners develop more creative ways of monitoring "public sector" owning leasing assets.…”

Section: Ownership (Own)mentioning

confidence: 99%

The influence of external factors on the credit risk in leasing industry

Amanollahi¹

2016

10.5267/j.msl

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Credit risk consists of probability of non-return, which may be in the form of bankruptcy or a decrease in financial and credit situation of the lessee. The variables are extracted from the Central Bank. In this study the independent variables are measured with six factors that are called external factors. The external factors are size of leasing, ownership interest rate, foreign exchange, inflation, and Gross Domestic Product (GDP). The present study uses related observations from 31 leasing companies from 2008 to 2013 to find out the determinants of the credit risk. The combined evidences suggest that internal factors such as upfront prepayment, credit insurance contract, security deposits, time and period contract, collateral and guarantees, contract amount, as well as external factors such as interest rate, inflation, foreign exchange, Gross Domestic Product infrastructure, and credit risk are determinants in the policy-making process involving the industrial leasing. Furthermore, the empirical results indicate the size of leasing and ownership are not the significant determinants of credit risk. The results of this dissertation provide several implications for policy-makers in the leasing industry. Policymakers will be better off employing different procedures for leasing activities in the leasing industry.

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Owning vs leasing of real properties in the Swedish public sector

Cited by 6 publications

References 5 publications

Building maintenance strategies: planning under uncertainty

Building maintenance strategies: planning under uncertainty

Internal rents and the ownership of state properties: experiences from Sweden

The influence of external factors on the credit risk in leasing industry

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