Kommunikationen av riskupplysningar i årsredovisningar : En komparativ studie om konjunkturläge, storlek och ekonomisk situation inom den svenska fastighetsbranschen

Sammanfattning

The real estate industry has been characterized by risk during the 2020s, which results in stricter demands on their risk disclosure. These must be up to date and in line with the international accounting standard, where financial, operational, sustainability, macroeconomic and geopolitical risk are essential for the business to manage. The real estate industry is also sensitive to economic cycles, which implies that the companies are affected by changes in interest rates, inflation and energy costs. The advancement of digitalization has brought problems regarding annual reports, where a lack of audit control has resulted in copied and incorrect information occurring in the reports. This can lead to information asymmetry, which means that the annual reports do not provide a relevant basis for decision making for the company's stakeholders. The purpose of the study is to investigate how and which risks are communicated in annual reports within the real estate industry, but also whether there is consensus between the companies. By reviewing annual reports, it examines how risks are communicated during economic recession and economic booms, but also how financial situation and company size affect risk communication.