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What explains variation in volume of the volume of capital assets in Swedish local municipalities?

  • Jonas Fjertorp (Ek. dr.)
Publiceringsår: 2010
Språk: Engelska
Sidor: 20
Dokumenttyp: Konferensbidrag


Local governments in Sweden execute extensive volumes of capital investments.
The volume of capital assets in for profit organisations is limited by profitability
criteria. Local municipalities are not for profit organisations where profitability
criteria are subordinated. This paper investigates explanations of variation in
development of the volume of capital assets in Swedish local municipalities
between 1999-2008. In the first step four cases were performed to generate eight
suggestions for explanations. Hypothesises were generated by combining the
suggested explanations with a new political economy framework containing four
assumptions. A national data set of 288 (of total 290) Swedish local municipalities
was used in a multiple linear regression analysis. The regression model include five
variables and explains 31 percentage of the variation.
An increasing volume of capital assets could be explained by population growth, a
high volume of capital assets per capita at the beginning of the period, high solidity
at the beginning of the period, an increasing level of charges and high political
stability with few majority changes. A decreasing volume of capital assets could be
explained in the opposite way.



  • Economics and Business
  • local municipalities
  • economic conditions
  • population growth
  • new political economy
  • capital assets
  • capital investments
  • regression analysis


6th International Conference on Accounting, Auditing and Management in Public Sector Reforms, EIASM.
Copenhagen, Denmark

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