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Publications (10 of 20) Show all publications
Palm, P. & Bohman, H. (2023). Auditor choice in real estate firms: a quality signal?. Journal of European Real Estate Research, 16(2), 258-270
Open this publication in new window or tab >>Auditor choice in real estate firms: a quality signal?
2023 (English)In: Journal of European Real Estate Research, ISSN 1753-9269, E-ISSN 1753-9277, Vol. 16, no 2, p. 258-270Article in journal (Refereed) Published
Abstract [en]

PurposeReal estate is a capital-intensive industry for which the asset values tend to be highly volatile and uncertain. Transaction costs in the industry are therefore high, and transparency for investors may be low. The need to signal reliable estimates of property assets, in the communication to external stakeholders, can therefore be expected to be of extra importance in this sector. The purpose of this paper is to investigate how real estate firms use big four auditors to signal quality.Design/methodology/approachThe authors use Swedish firm level data containing all limited liability real estate companies in the country to determine the determinants of big four auditors. The data set consists of 34,306 observations and is analyzed through logit regressions.FindingsThe results show that big four companies are primarily contracted by large and mature companies, rather than new firms or firms with volatile financial records, although the latter could be expected to have a large need to signal quality. The authors also find that firms listed on the stock market and firms targeting public use real estate are more inclined to use big four companies.Originality/valueReal estate is a capital-intensive industry for which the asset values tend to be highly volatile and uncertain. Transaction costs in the industry are therefore high, and transparency for investors may be low. The need to signal reliable estimates of property assets, in the communication to external stakeholders, can therefore be expected to be of extra importance in this sector. No prior study of this area has been detected.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2023
Keywords
Auditor choice, Real estate companies, Signaling, Quality signal, Big four
National Category
Business Administration
Identifiers
urn:nbn:se:mau:diva-60581 (URN)10.1108/JERER-09-2022-0026 (DOI)000990491600001 ()2-s2.0-85159701353 (Scopus ID)
Available from: 2023-06-13 Created: 2023-06-13 Last updated: 2023-10-18Bibliographically approved
Mangold, M., Bohman, H., Johansson, T. & von Platten, J. (2023). Increased rent misspent?: How ownership matters for renovation and rent increases in rental housing in Sweden. International journal of housing policy, 1-23
Open this publication in new window or tab >>Increased rent misspent?: How ownership matters for renovation and rent increases in rental housing in Sweden
2023 (English)In: International journal of housing policy, ISSN 1949-1247, E-ISSN 1949-1255, p. 1-23Article in journal (Refereed) Epub ahead of print
Abstract [en]

Renovations of the housing rental stock have become a political concern since they have been claimed to drive gentrification and affect tenants' everyday lives as well as long-term housing conditions. Furthermore, new actors have entered the market, partly as a result of high supply on the international capital markets creating a flow of capital into market segments. This has led to a critique of private equity in the housing sector, and raised the question of the extent to which ownership of the rental stock matters for housing affordability. Yet there seems to be little systematic research on this topic. This study uses a unique dataset covering the entire rental housing stock in Sweden to address whether there are differences in renovation investments between different ownership groups. The purpose of this article is to increase understanding of how ownership affects renovation processes, and specifically to analyse to what extent, and how, private and public actors differ in renovation and rent setting decisions. Our results demonstrate that public housing companies raised rents less and renovated more, particularly in the lower-income segments of the multi-family building stock between 2014 and 2020.

Place, publisher, year, edition, pages
Routledge, 2023
Keywords
Commercialisation, financialisation, ownership, renovation, affordable housing, rents
National Category
Human Geography
Identifiers
urn:nbn:se:mau:diva-62428 (URN)10.1080/19491247.2023.2232205 (DOI)001043205700001 ()2-s2.0-85166927309 (Scopus ID)
Available from: 2023-09-13 Created: 2023-09-13 Last updated: 2023-10-18Bibliographically approved
Andersson, M., Palm, P., Bohman, H., Balivet, B. & Akinsomi, O. (Eds.). (2022). The Routledge Companion to International Housing Markets (1ed.). Routledge
Open this publication in new window or tab >>The Routledge Companion to International Housing Markets
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2022 (English)Collection (editor) (Other academic)
Abstract [en]

There is a lack of international comparative housing studies, possibly because it requires thorough knowledge of the real estate market in question. This book brings together scholars with knowledge of different national markets in order to facilitate comparisons for real estate and housing and urban studies scholars and practitioners. By studying international markets using new data as well as new analysis of existing data, the chapters in this book present insights into the institutional constraints on national housing markets. Specifically, the contributors seek to examine the role of institutional factors and their influence on transaction costs in these markets. Exhibiting a diverse range of geographical, legal, and economic perspectives, the countries are grouped together based on legal institutional similarities, and each group includes an introduction and a conclusion highlighting similarities and differences from the institutional perspective.

The book is divided into 3 parts:

Part I sets the theoretical context and the reasons for writing a book focusing on national housing markets.

Part II presents national markets from the perspective of the transaction process and covers Europe, North and South America, East Asia, the Pacific, and Africa.

Part III contains conclusions with a critical discussion on how to compare national housing markets and a reflection on future directions of housing markets in an increasingly competitive international environment.

The Routledge Companion to International Housing Markets is essential reading for academics and professionals in housing studies, real estate, economics, and urban studies.

Place, publisher, year, edition, pages
Routledge, 2022. p. 294 Edition: 1
Series
Routledge International Handbooks, ISSN 2767-4886
Keywords
Housing studies, Real Estate, Real Estate Market, Housing Market, Urban studies
National Category
Economics and Business
Identifiers
urn:nbn:se:mau:diva-54372 (URN)10.1201/9781003130383 (DOI)9780367646646 (ISBN)9781003130383 (ISBN)
Available from: 2022-08-11 Created: 2022-08-11 Last updated: 2023-12-28Bibliographically approved
Bohman, H., Ryan, J., Stjernborg, V. & Nilsson, D. (2021). A study of changes in everyday mobility during the Covid-19 pandemic: As perceived by people living in Malmö, Sweden. Transport Policy, 106, 109-119
Open this publication in new window or tab >>A study of changes in everyday mobility during the Covid-19 pandemic: As perceived by people living in Malmö, Sweden
2021 (English)In: Transport Policy, ISSN 0967-070X, E-ISSN 1879-310X, Vol. 106, p. 109-119Article in journal (Refereed) Published
Abstract [en]

Sweden's strategy to manage the spread of Covid-19 has not included any form of lockdown, in contrast to the approaches adopted by most other countries. Instead, the strategy has been largely based on strong recommendations for society. Even though Sweden has not had any form of lockdown, the Covid-19 pandemic has during a relatively short period of time brought changes for society, significantly disrupting everyday life. The pandemic poses both challenges and opportunities for sustainable future transport, not least public transport provision, supply and use. The purpose of this study is to investigate how changes for society have translated into changes for mobility as an element of everyday life during the early stages of a pandemic. This study draws on a map-based online survey (public participatory GIS) which was purposefully designed to allow people to contribute with their experiences in order to capture how the current situation has affected several different facets of people's everyday life. Results suggest that effects on mobility, such as the possibility to telework, affect different groups differently and may exacerbate existing differences in terms of gender, geography and mobility. In order to mitigate negative effects, transport policy needs to be tailored in order to take these heterogeneities into account. Both spatio-temporal adjustment and modal adjustment were dominant themes for most activities, although the dominance of these themes varied among the activities. Our findings give an indication of both the short and long-term impacts on everyday mobility in the Swedish context, for groups of inhabitants in the city of Malmö. Through deepening our understanding of the processes at play, we suggest eight possible policy responses that can be carefully tailored, both in the interim and into the future.

Place, publisher, year, edition, pages
Elsevier, 2021
Keywords
Public participatory GIS, Mobility, Covid-19, Virtual mobility Telework
National Category
Social Sciences Interdisciplinary
Research subject
Transportation studies; Urban studies
Identifiers
urn:nbn:se:mau:diva-41804 (URN)10.1016/j.tranpol.2021.03.013 (DOI)000646752600001 ()36570075 (PubMedID)2-s2.0-85104114295 (Scopus ID)
Available from: 2021-04-12 Created: 2021-04-12 Last updated: 2024-02-05Bibliographically approved
Bohman, H. & Nilsson, D. (2021). Borrowed sizes: A hedonic price approach to the value of network structure in public transport systems. Journal of Transport and Land Use, 14(1), 87-103
Open this publication in new window or tab >>Borrowed sizes: A hedonic price approach to the value of network structure in public transport systems
2021 (English)In: Journal of Transport and Land Use, ISSN 1938-7849, E-ISSN 1938-7849, Vol. 14, no 1, p. 87-103Article in journal (Refereed) Published
Abstract [en]

Property prices are known to be higher in places with high accessibility, such as in proximity to train stations and especially to commuter rail, than in places without this access. This study provides a better understanding of how regional accessibility, through the structure of railway networks, can influence local agglomeration economies by providing accessibility to large labor markets. Previous literature has shown a positive impact of proximity to railway stations on housing prices, and our study adds to the literature by analyzing the impact of network structure. We argue that public transport systems can support the benefits of city networks in line with Alonso’s concept of borrowed sizes (1973). Using network theory to measure accessibility provided by the network, we show that stations that provide accessibility to large labor markets across the region are perceived as more attractive by households. Cities in proximity to other cities are strengthened through their public transport links, which allow agglomeration benefits to be exploited by residents.

Place, publisher, year, edition, pages
University of Minesota, 2021
Keywords
hedonic price model, network effect, centrality, labour market accessibility, commuter rail
National Category
Economics Economic Geography
Research subject
Transportation studies; Urban studies; Real estate science
Identifiers
urn:nbn:se:mau:diva-39655 (URN)10.5198/jtlu.2021.1664 (DOI)000609159000001 ()2-s2.0-85100007533 (Scopus ID)
Available from: 2021-01-21 Created: 2021-01-21 Last updated: 2024-02-05Bibliographically approved
Bohman, H. (2021). Same, same but different?: Neighbourhood effects of accessibility on housing prices. Transport Policy, 107, 52-60
Open this publication in new window or tab >>Same, same but different?: Neighbourhood effects of accessibility on housing prices
2021 (English)In: Transport Policy, ISSN 0967-070X, E-ISSN 1879-310X, Vol. 107, p. 52-60Article in journal (Refereed) Published
Abstract [en]

A growing research literature is focusing on how effects from increased accessibility may differ according to socio-economic aspects of neighbourhoods and households. This has raised concerns of whether areas with high accessibility may became unaffordable for low-income households, who, at the same time, may depend on public transport accessibility more than average households. We use difference-in-difference estimates of hedonic price models to study the distribution of effects around the new stations provided by a railway tunnel in Malmo center dot, Sweden. The study finds that the lower-price segments are the most affected by the improved accessibility, which becomes clearer when different control groups are used for different market segments. Accessibility is therefore interpreted as highly important for households in the lower-price segments. From a housing accessibility perspective, this is described as a double-edged sword. On the one hand, the owners of the apartments in these neighbourhoods, who benefit from the price increase, are typically low-income households. On the other hand, low-income households who are not owners may find the area prohibitively expensive due to price increases. Tenure of the catchment area is thus an important factor in understanding the distributional effects of accessibility. Integrating transport and housing-related planning, and specifically addressing the issue of affordability in early assessments, are therefore recommended.

Place, publisher, year, edition, pages
Elsevier, 2021
Keywords
Hedonic price, Difference-in-difference, Price segments, Market segments, Control groups, Accessibility
National Category
Economics
Identifiers
urn:nbn:se:mau:diva-43940 (URN)10.1016/j.tranpol.2021.04.016 (DOI)000651350500005 ()2-s2.0-85104921575 (Scopus ID)
Available from: 2021-06-22 Created: 2021-06-22 Last updated: 2024-02-05Bibliographically approved
Bengtsson, B. & Bohman, H. (2021). Tenant Voice - As Strong as It Gets: Exit, Voice and Loyalty in Housing Renovation. Housing, Theory and Society, 38(3), 365-380
Open this publication in new window or tab >>Tenant Voice - As Strong as It Gets: Exit, Voice and Loyalty in Housing Renovation
2021 (English)In: Housing, Theory and Society, ISSN 1403-6096, E-ISSN 1651-2278, Vol. 38, no 3, p. 365-380Article in journal (Refereed) Published
Abstract [en]

This article applies Hirschman's model of exit, voice and loyalty to a Swedish case of housing renovation in a building with comparatively well-off tenants. Hirschman's framework is particularly well suited for understanding the housing market with its heterogeneity and high transaction and attachment costs, and accordingly strong loyalty and voice. Our study indicates that the exit-voice-loyalty framework is a useful tool for analysing renovation processes, since these trigger both voice and exit behaviour. We argue that renovations can be considered as critical junctures to an existing tenant-landlord relation, thereby exposing power relations on the housing market. In the case studied, tenants were not able to affect the scope of the renovation directly, but tenant voice did affect the process as well as the outcome in other respects. The capable tenant group makes this a "most likely case" for testing the limits of tenant influence in housing renovation processes.

Place, publisher, year, edition, pages
Routledge, 2021
Keywords
Housing, renovation, tenants, Hirschman, exit-voice-loyalty
National Category
Sociology
Identifiers
urn:nbn:se:mau:diva-17449 (URN)10.1080/14036096.2020.1766558 (DOI)000535084200001 ()2-s2.0-85085377514 (Scopus ID)
Available from: 2020-06-10 Created: 2020-06-10 Last updated: 2024-02-05Bibliographically approved
Liu, J., Bengtsson, B., Bohman, H. & Staffansson Pauli, K. (2020). A System Model and An Innovation Approach toward Sustainable Housing Renovation. Sustainability, 12(3), Article ID 1130.
Open this publication in new window or tab >>A System Model and An Innovation Approach toward Sustainable Housing Renovation
2020 (English)In: Sustainability, E-ISSN 2071-1050, Vol. 12, no 3, article id 1130Article in journal (Refereed) Published
Abstract [en]

Housing renovation is a common concern to owners, tenants and to society at large. In addition to the high economic costs, the implementation of housing renovation usually have a long-term impact on the society and the built environment. This is a theoretical paper that develops a system model for understanding sustainable housing renovation as a system phenomenon which has multiple sustainability goals, complicated dynamic processes, diverse actors, and a sophisticated institutional environment. It identifies the key challenges of a sustainable housing renovation system, namely the conflicting sustainability goals and the conflicting stakeholder interests. To address these two challenges, the paper suggests an innovation approach in which the process of innovation (linear versus organic) and the typology of innovation (product versus process and business versus social) toward sustainable housing renovation are discussed.

Place, publisher, year, edition, pages
MDPI, 2020
Keywords
sustainability, housing renovation, conflicting sustainability goals, conflicting stakeholder interests, system, innovation
National Category
Architectural Engineering
Identifiers
urn:nbn:se:mau:diva-17316 (URN)10.3390/su12031130 (DOI)000524899602017 ()2-s2.0-85081232362 (Scopus ID)
Available from: 2020-05-18 Created: 2020-05-18 Last updated: 2024-02-05Bibliographically approved
Bohman, H., Håkansson, P. G. & Thorsen, I. (2019). Introduction: Spatial Inequalities in the Age of Rapid Technological Advances. In: Peter Gladoic Håkansson, Helena Bohman (Ed.), Peter Gladoic Håkansson, Helena Bohman (Ed.), Investigating Spatial Inequalities: Mobility, Housing and Employment in Scandinavia and South-East Europe (pp. 1-14). Emerald Group Publishing Limited
Open this publication in new window or tab >>Introduction: Spatial Inequalities in the Age of Rapid Technological Advances
2019 (English)In: Investigating Spatial Inequalities: Mobility, Housing and Employment in Scandinavia and South-East Europe / [ed] Peter Gladoic Håkansson, Helena Bohman, Emerald Group Publishing Limited, 2019, p. 1-14Chapter in book (Other academic)
Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2019
Keywords
spatial inequalitiy, urbanization, centralization
National Category
Social Sciences
Identifiers
urn:nbn:se:mau:diva-10361 (URN)10.1108/978-1-78973-941-120191001 (DOI)2-s2.0-85087157433 (Scopus ID)30788 (Local ID)9781789739428 (ISBN)30788 (Archive number)30788 (OAI)
Available from: 2020-02-28 Created: 2020-02-28 Last updated: 2024-02-05Bibliographically approved
Håkansson, P. G. & Bohman, H. (Eds.). (2019). Investigating Spatial Inequalities: Mobility, Housing and Employment in Scandinavia and South-East Europe. Emerald Group Publishing Limited
Open this publication in new window or tab >>Investigating Spatial Inequalities: Mobility, Housing and Employment in Scandinavia and South-East Europe
2019 (English)Collection (editor) (Other academic)
Abstract [en]

Seen as one explanation for the election of Trump, Brexit and the surge of a right-wing movement across Europe, spatial inequality has become an increasingly relevant topic. Offering in-depth perspectives on factors such as local labour markets, housing and mobility, this book investigates centralization tendencies in Scandinavia and South East Europe that help shape regional development and act as a catalyst to creating regional inequalities. Joining scholars from four countries, this book provides a micro-examination of the development of regional inequalities in four geographically peripheral countries which represent different ends of the income spectrum, contain both EU and non-EU members and reflect differing levels of economic development. Divided into three sub-themes, the sections in turn discuss the topics of spatial divergence and labour market development, housing and institutional perspectives, and finally mobility, migration and commuting.

Place, publisher, year, edition, pages
Emerald Group Publishing Limited, 2019. p. 248
Keywords
spatial inequality, centralization, urbanization, unemployment, real estate, mobility
National Category
Social Sciences
Identifiers
urn:nbn:se:mau:diva-8468 (URN)10.1108/9781789739411 (DOI)2-s2.0-85148136841 (Scopus ID)30787 (Local ID)9781789739428 (ISBN)30787 (Archive number)30787 (OAI)
Available from: 2020-02-28 Created: 2020-02-28 Last updated: 2024-02-22Bibliographically approved
Projects
Persistent unemployment on local labour markets and local development; Malmö UniversitySAAREL – Spatial Analysis of Accessibility, Real Estate and Labour Markets; Malmö UniversityLand Value Capture as a Model for Financing Public Transit Infrastructure in Sweden: Conditions and Implications; Malmö University, Faculty of Culture and Society (KS), Department of Urban Studies (US)Effects of Transit Accessibility – Empirical studies on equal opportunities in local and regional developmentCapturing the impacts of changes in public transport accessibility: A mixed methods approach
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0003-0979-8859

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