Albuquerque, R. ; Koskinen, Y. ; Zhang, C. Corporate social responsibility and firm risk: Theory and empirical evidence. 2019 Management Science. 65 4451-4469
- Alcock, J. ; Baum, A. ; Colley, N. ; Steiner, E. The role of financial leverage in the performance of private equity real estate funds. 2013 The Journal of Portfolio Management. 39 99-110
Paper not yet in RePEc: Add citation now
An, H. ; Wu, Q. ; Wu, Z. REIT crash risk and institutional investors. 2016 The Journal of Real Estate Finance and Economics. 53 527-558
An, X. ; Pivo, G. Green buildings in commercial mortgage-backed securities: The effects of LEED and energy star certification on default risk and loan terms. 2020 Real Estate Economics. 48 7-42
Ang, A. ; Hodrick, R.J. ; Xing, Y. ; Zhang, X. High idiosyncratic volatility and low returns: International and further U.S. evidence. 2009 Journal of Financial Economics. 91 1-23
Anglin, P. ; Edelstein, R. ; Gao, Y. ; Tsang, D. What is the relationship between REIT governance and earnings management?. 2013 The Journal of Real Estate Finance and Economics. 47 538-563
Aroul, R.R. ; Sabherwal, S. ; Villupuram, S.V. ESG, operational efficiency and operational performance: Evidence from real estate investment trusts. 2022 Managerial Finance. 48 1206-1220
Banerjee, R. ; Gupta, K. ; Mudalige, P. Do environmentally sustainable practices lead to financially less constrained firms? International evidence. 2020 International Review of Financial Analysis. 68 -
- Barnea, A. ; Rubin, A. Corporate social responsibility as a conflict between shareholders. 2010 Journal of Business Ethics. 97 71-86
Paper not yet in RePEc: Add citation now
Bauer, R. ; Eichholtz, P. ; Kok, N. Corporate governance and performance: The REIT effect. 2010 Real Estate Economics. 38 1-29
- Below, S.D. ; Stansell, S.R. ; Coffin, M. No title found. 2000 The Journal of Real Estate Finance and Economics. 21 263-278
Paper not yet in RePEc: Add citation now
Beracha, E. ; Feng, Z. ; Hardin, W.G. REIT operational efficiency: Performance, risk, and return. 2019 The Journal of Real Estate Finance and Economics. 58 408-437
- Berchicci, L. ; King, A. Corporate sustainability: A model uncertainty analysis of materiality. 2022 Journal of Financial Reporting. -
Paper not yet in RePEc: Add citation now
- Berg, F. ; Koelbel, J. ; Pavlova, A. ; Rigobon, R. ESG confusion and stock returns: Tackling the problem of noise (w30562; p. w30562). 2022 National Bureau of Economic Research:
Paper not yet in RePEc: Add citation now
Berg, F. ; Kolbel, J.F. ; Rigobon, R. Aggregate confusion: The divergence of ESG ratings. 2022 Review of Finance. 26 1315-1344
- Bianco, C. ; Ghosh, C. ; Sirmans, C.F. The impact of corporate governance on the performance of REITs. 2007 The Journal of Portfolio Management. 33 175-191
Paper not yet in RePEc: Add citation now
- Bond, S. ; Guo, H. ; Yang, C. Systematic mispricing: Evidence from real estate markets. 2022 The Journal of Real Estate Finance and Economics.. -
Paper not yet in RePEc: Add citation now
Bond, S. ; Xue, C. The cross section of expected real estate returns: Insights from investment-based asset pricing. 2017 The Journal of Real Estate Finance and Economics. 54 403-428
Borghesi, R. ; Houston, J.F. ; Naranjo, A. Corporate socially responsible investments: CEO altruism, reputation, and shareholder interests. 2014 Journal of Corporate Finance. 26 164-181
- Brounen, D. ; Marcato, G. Sustainable insights in public real estate performance: ESG scores and effects in REIT markets. 2018 Berkeley Lab: Berkeley, CA, USA
Paper not yet in RePEc: Add citation now
Bruegge, C. ; Carrión-Flores, C. ; Pope, J.C. Does the housing market value energy efficient homes? Evidence from the energy star program. 2016 Regional Science and Urban Economics. 57 63-76
Buchanan, B. ; Cao, C.X. ; Chen, C. Corporate social responsibility, firm value, and influential institutional ownership. 2018 Journal of Corporate Finance. 52 73-95
Cao, J. ; Liang, H. ; Zhan, X. Peer effects of corporate social responsibility. 2019 Management Science. 65 5487-5503
Carhart, M.M. On persistence in mutual fund performance. 1997 The Journal of Finance. 52 57-82
- Carlin, D. 40% of emissions come from real estate; here’s how the sector can decarbonize. 2022 Forbes. -
Paper not yet in RePEc: Add citation now
Cashman, G.D. ; Harrison, D.M. ; Sheng, H. Underpriced REITs: The Long & the Short of it. 2020 Journal of Real Estate Literature. 28 112-129
- Chacon, R. ; Feng, Z. ; Wu, Z. Does investing in ESG pay off? Evidence from REITs around the COVID-19 pandemic. 2022 SSRN Electronic Journal. -
Paper not yet in RePEc: Add citation now
Chava, S. Environmental externalities and cost of capital. 2014 Management Science. 60 2223-2247
Chen, Z. ; Xie, G. ESG disclosure and financial performance: Moderating role of ESG investors. 2022 International Review of Financial Analysis. 83 -
Cheung, W.M. ; Chung, R. ; Fung, S. The effects of stock liquidity on firm value and corporate governance: Endogeneity and the REIT experiment. 2015 Journal of Corporate Finance. 35 211-231
Coën, A. ; Lecomte, P. ; Abdelmoula, D. The financial performance of green Reits revisited. 2018 Journal of Real Estate Portfolio Management. 24 95-105
Cornett, M.M. ; Erhemjamts, O. ; Tehranian, H. Greed or good deeds: An examination of the relation between corporate social responsibility and the financial performance of U.S. commercial banks around the financial crisis. 2016 Journal of Banking & Finance. 70 137-159
Cucinelli, D. ; Soana, M.G. Systemic risk in non financial companies: Does governance matter?. 2023 International Review of Financial Analysis. 87 -
Dempsey, M. The capital asset pricing model (CAPM): The history of a failed revolutionary idea in finance?: The capital asset pricing model. 2013 Abacus. 49 7-23
Deng, Y. ; Wu, J. Economic returns to residential green building investment: The developers’ perspective. 2014 Regional Science and Urban Economics. 47 35-44
- Devine, A. ; Kok, N. Green certification and building performance: Implications for tangibles and intangibles. 2015 The Journal of Portfolio Management. 41 151-163
Paper not yet in RePEc: Add citation now
- Devine, A. ; Sanderford, A. ; Wang, C. Sustainability and private equity real estate returns. 2022 The Journal of Real Estate Finance and Economics.. -
Paper not yet in RePEc: Add citation now
Devine, A. ; Steiner, E. ; YYnder, E., Decomposing the value effects of sustainable investment: International evidence. 2017 SSRN Electronic Journal. -
Devine, A. ; Yonder, E. Impact of environmental investments on corporate financial performance: Decomposing valuation and cash flow effects. 2023 The Journal of Real Estate Finance and Economics. 66 778-805
Devos, E. ; Ong, S.-E. ; Spieler, A.C. ; Tsang, D. REIT institutional ownership dynamics and the financial crisis. 2013 The Journal of Real Estate Finance and Economics. 47 266-288
Di Giuli, A. ; Kostovetsky, L. Are red or blue companies more likely to go green? Politics and corporate social responsibility. 2014 Journal of Financial Economics. 111 158-180
- Dimson, E. ; Karakaş, O. ; Li, X. Active ownership. 2015 Review of Financial Studies. 28 3225-3268
Paper not yet in RePEc: Add citation now
Ding, D.K. ; Ferreira, C. ; Wongchoti, U. Does it pay to be different? Relative CSR and its impact on firm value. 2016 International Review of Financial Analysis. 47 86-98
- Dwaikat, L.N. ; Ali, K.N. Green buildings cost premium: A review of empirical evidence. 2016 Energy and Buildings. 110 396-403
Paper not yet in RePEc: Add citation now
- Eccles, R.G. ; Stroehle, J. Exploring social origins in the construction of ESG measures. 2018 SSRN Electronic Journal. -
Paper not yet in RePEc: Add citation now
Edmans, A. Does the stock market fully value intangibles? Employee satisfaction and equity prices. 2011 Journal of Financial Economics. 101 621-640
- Edmans, A. The end of ESG. 2023 Financial Management. 52 3-17
Paper not yet in RePEc: Add citation now
Eichholtz, P. ; Kok, N. ; Quigley, J.M. Doing well by doing good? Green office buildings. 2010 American Economic Review. 100 2492-2509
Eichholtz, P. ; Kok, N. ; Quigley, J.M. The economics of green building. 2013 Review of Economics and Statistics. 95 50-63
Eichholtz, P. ; Kok, N. ; Yonder, E. Portfolio greenness and the financial performance of REITs. 2012 Journal of International Money and Finance. 31 1911-1929
El Ghoul, S. ; Guedhami, O. ; Kwok, C.C.Y. ; Mishra, D.R. Does corporate social responsibility affect the cost of capital?. 2011 Journal of Banking & Finance. 35 2388-2406
- Erol, I. ; Unal, U. ; Coskun, Y. ESG investing and the financial performance: A panel data analysis of developed REIT markets. 2023 Environmental Science and Pollution Research. 30 85154-85169
Paper not yet in RePEc: Add citation now
Fama, E.F. ; French, K.R. Common risk factors in the returns on stocks and bonds. 1993 Journal of Financial Economics. 33 3-56
Fama, E.F. ; French, K.R. The cross-section of expected Stock returns. 1992 The Journal of Finance. 47 427-465
Fama, E.F. ; MacBeth, J.D. Risk, return, and equilibrium: Empirical tests. 1973 Journal of Political Economy. 81 607-636
- Feng, Z. ; Wu, Z. ESG disclosure, REIT debt financing and firm value. 2021 The Journal of Real Estate Finance and Economics. -
Paper not yet in RePEc: Add citation now
Ferrell, A. ; Liang, H. ; Renneboog, L. Socially responsible firms. 2016 Journal of Financial Economics. 122 585-606
- Flammer, C. Corporate green bonds. 2021 Journal of Financial Economics. 142 499-516
Paper not yet in RePEc: Add citation now
- Flammer, C. Does corporate social responsibility Lead to superior financial performance? A regression discontinuity approach. 2015 Management Science. 61 2549-2568
Paper not yet in RePEc: Add citation now
Fuerst, F. ; McAllister, P. Green noise or green value? Measuring the effects of environmental certification on office values: Green noise or green value?. 2011 Real Estate Economics. 39 45-69
Fuerst, F. ; McAllister, P. The impact of energy performance certificates on the rental and capital values of commercial property assets. 2011 Energy Policy. 39 6608-6614
Gabe, J. ; Rehm, M. Do tenants pay energy efficiency rent premiums?. 2014 Journal of Property Investment & Finance. 32 333-351
George, T.J. ; Hwang, C.-Y. A resolution of the distress risk and leverage puzzles in the cross section of stock returns. 2010 Journal of Financial Economics. 96 56-79
Ghosh, C. ; Roark, S. ; Sirmans, C.F. On the operating performance of REITs following seasoned equity offerings: Anomaly revisited. 2013 The Journal of Real Estate Finance and Economics. 46 633-663
Ghosh, C. ; Sun, L. Agency cost, dividend policy and growth: The special case of REITs. 2014 The Journal of Real Estate Finance and Economics. 48 660-708
Giacomini, E. ; Ling, D.C. ; Naranjo, A. Leverage and returns: A cross-country analysis of public real estate markets. 2015 The Journal of Real Estate Finance and Economics. 51 125-159
- Giese, G. ; Nagy, Z. ; Lee, L.-E. Deconstructing ESG ratings performance: Risk and return for E, S, and G by time horizon, sector, and weighting. 2021 The Journal of Portfolio Management. 47 94-111
Paper not yet in RePEc: Add citation now
Glascock, J.L. ; Lu-Andrews, R. The price behavior of REITs surrounding extreme market-related events. 2015 The Journal of Real Estate Finance and Economics. 51 441-479
Gompers, P. ; Ishii, J. ; Metrick, A. Corporate governance and equity prices. 2003 The Quarterly Journal of Economics. 118 107-156
Goss, A. ; Roberts, G.S. The impact of corporate social responsibility on the cost of bank loans. 2011 Journal of Banking & Finance. 35 1794-1810
Gyamfi-Yeboah, F. ; Seagraves, C. ; Seagraves, P. Institutional segmentation and dynamic REIT demand. 2022 Journal of Real Estate Portfolio Management. 28 13-32
Hartzell, J.C. ; Sun, L. ; Titman, S. Institutional investors as monitors of corporate diversification decisions: Evidence from real estate investment trusts. 2014 Journal of Corporate Finance. 25 61-72
He, F. ; Du, H. ; Yu, B. Corporate ESG performance and manager misconduct: Evidence from China. 2022 International Review of Financial Analysis. 82 -
Heinkel, R. ; Kraus, A. ; Zechner, J. The effect of green investment on corporate behavior. 2001 The Journal of Financial and Quantitative Analysis. 36 431-
Hong, H. ; Kacperczyk, M. The price of sin: The effects of social norms on markets. 2009 Journal of Financial Economics. 93 15-36
Hou, K. ; Xue, C. ; Zhang, L. Digesting anomalies: An investment approach. 2015 Review of Financial Studies. 28 650-705
Jegadeesh, N. ; Titman, S. Returns to buying winners and selling losers: Implications for stock market efficiency. 1993 The Journal of Finance. 48 65-91
- Kats, G.H. Green building costs and financial benefits. 2003 Massachusetts Technology Collaborative Boston: MA
Paper not yet in RePEc: Add citation now
- Kats, G.H. Greening our built world: Costs, benefits, and strategies. 2010 Island Press:
Paper not yet in RePEc: Add citation now
- Khan, M. ; Serafeim, G. ; Yoon, A. Corporate sustainability: First evidence on materiality. 2016 The Accounting Review. 91 1697-1724
Paper not yet in RePEc: Add citation now
Kholodilin, K.A. ; Mense, A. ; Michelsen, C. The market value of energy efficiency in buildings and the mode of tenure. 2017 Urban Studies. 54 3218-3238
- Krüger, P. Corporate goodness and shareholder wealth. 2015 Journal of Financial Economics. 115 304-329
Paper not yet in RePEc: Add citation now
Lee, M. ; Lee, M. Institutional involvement and the REIT January effect over time. 2003 Journal of Property Investment & Finance. 21 435-449
Letdin, M. ; Sirmans, C.S. ; Sirmans, G.S. ; Zietz, E.N. Explaining REIT returns. 2019 Journal of Real Estate Literature. 27 1-25
Lin, Y.-E. ; Li, Y.-W. ; Cheng, T.Y. ; Lam, K. Corporate social responsibility and investment efficiency: Does business strategy matter?. 2021 International Review of Financial Analysis. 73 -
Ling, D.C. ; Naranjo, A. Returns and information transmission dynamics in public and private real estate markets: Returns and information transmission dynamics. 2015 Real Estate Economics. 43 163-208
Ling, D.C. ; Ooi, J.T.L. ; Xu, R. Asset growth and stock performance: Evidence from REITs. 2019 Real Estate Economics. 47 884-927
- Lins, K.V. ; Servaes, H. ; Tamayo, A. Social capital, trust, and firm performance: The value of corporate social responsibility during the financial crisis: Social capital, trust, and firm performance. 2017 The Journal of Finance. 72 1785-1824
Paper not yet in RePEc: Add citation now
Liu, S. ; Wu, D. Competing by conducting good deeds: The peer effect of corporate social responsibility. 2016 Finance Research Letters. 16 47-54
Masulis, R.W. ; Reza, S.W. Agency problems of corporate philanthropy. 2015 Review of Financial Studies. 28 592-636
Mildenberger, M. ; Lachapelle, E. ; Harrison, K. ; Stadelmann-Steffen, I. Limited impacts of carbon tax rebate programmes on public support for carbon pricing. 2022 Nature Climate Change. 12 141-147
Miller, N. ; Spivey, J. ; Florance, A. Does green pay off?. 2008 Journal of Real Estate Portfolio Management. 14 385-400
Mishra, S. ; Modi, S.B. Positive and negative corporate social responsibility, financial leverage, and idiosyncratic risk. 2013 Journal of Business Ethics. 117 431-448
Newey, W.K. ; West, K.D. Hypothesis testing with efficient method of moments estimation. 1987 International Economic Review. 28 777-
Ng, A.C. ; Rezaee, Z. Business sustainability factors and stock price informativeness. 2020 Journal of Corporate Finance. 64 -
Nofsinger, J.R. ; Sulaeman, J. ; Varma, A. Institutional investors and corporate social responsibility. 2019 Journal of Corporate Finance. 58 700-725
Ott, S.H. ; Riddiough, T.J. ; Yi, H.-C. Finance, investment and investment performance: Evidence from the REIT sector. 2005 Real Estate Economics. 33 203-235
Pástor, Ľ. ; Stambaugh, R.F. ; Taylor, L.A. Dissecting green returns. 2022 Journal of Financial Economics. 146 403-424
- Pástor, Ľ. ; Stambaugh, R.F. ; Taylor, L.A. Sustainable investing in equilibrium. 2021 Journal of Financial Economics. 142 550-571
Paper not yet in RePEc: Add citation now
Pedersen, L.H. ; Fitzgibbons, S. ; Pomorski, L. Responsible investing: The ESG-efficient frontier. 2021 Journal of Financial Economics. 142 572-597
- Peng, D. ; Shen, J. ; Fung, S.Y.K. ; Hui, E.C.M. ; Fan, K. The valuation effect and consequences of Clawback adoption in real estate investment trusts. 2022 The Journal of Real Estate Finance and Economics.. -
Paper not yet in RePEc: Add citation now
Reboredo, J.C. ; Ugolini, A. Climate transition risk, profitability and stock prices. 2022 International Review of Financial Analysis. 83 -
Reichardt, A. Operating expenses and the rent premium of energy star and LEED certified buildings in the central and eastern U.S. 2014 The Journal of Real Estate Finance and Economics. 49 413-433
Ro, S. ; Ziobrowski, A.J. Does focus really matter? Specialized vs. diversified REITs. 2011 The Journal of Real Estate Finance and Economics. 42 68-83
Sah, V. ; Miller, N. ; Ghosh, B. Are green REITs valued more?. 2013 Journal of Real Estate Portfolio Management. 19 169-177
- Scofield, J.H. ; Doane, J. Energy performance of LEED-certified buildings from 2015 Chicago benchmarking data. 2018 Energy and Buildings. 174 402-413
Paper not yet in RePEc: Add citation now
Servaes, H. ; Tamayo, A. The impact of corporate social responsibility on firm value: The role of customer awareness. 2013 Management Science. 59 1045-1061
Shen, J. Distress risk and stock returns on equity REITs. 2021 The Journal of Real Estate Finance and Economics. 62 455-480
Shen, J. ; Fan, K.Y. ; Hui, E.C. ; Ho, S.M. The value of sustainable property Management in Real Estate: Evidence from Hong Kong. 2024 Journal of Real Estate Research. 1-31 -
Shen, J. ; Hui, E.C.M. ; Fan, K. Did real estate professionals anticipate the 2007-2008 financial crisis? Evidence from insider trading in the REITs. 2021 The Journal of Real Estate Finance and Economics. 63 122-142
Shen, J. ; Hui, E.C.M. ; Fan, K. The beta anomaly in the REIT market. 2021 The Journal of Real Estate Finance and Economics. 63 414-436
Skinner, D.J. How well does net income measure firm performance? A discussion of two studies. 1999 Journal of Accounting and Economics. 26 105-111
- Starks, L.T. ; Venkat, P. ; Zhu, Q. Corporate ESG profiles and investor horizons. 2017 SSRN Electronic Journal. -
Paper not yet in RePEc: Add citation now
- Stock, J.H. ; Yogo, M. Testing for weak instruments in linear IV regression. 2005 En : Identification and inference for econometric models: Essays in Honor of Thomas Rothenberg. Cambridge University Press:
Paper not yet in RePEc: Add citation now
Tang, D.Y. ; Zhang, Y. Do shareholders benefit from green bonds?. 2020 Journal of Corporate Finance. 61 -
Uğur, L.O. ; Leblebici, N. An examination of the LEED green building certification system in terms of construction costs. 2018 Renewable and Sustainable Energy Reviews. 81 1476-1483
- Vyas, G.S. ; Jha, K.N. What does it cost to convert a non-rated building into a green building?. 2018 Sustainable Cities and Society. 36 107-115
Paper not yet in RePEc: Add citation now
Wan, J. ; Yin, L. ; Wu, Y. Return and volatility connectedness across global ESG stock indexes: Evidence from the time-frequency domain analysis. 2024 International Review of Economics and Finance. 89 397-428
Wiley, J.A. ; Benefield, J.D. ; Johnson, K.H. Green design and the market for commercial office space. 2010 The Journal of Real Estate Finance and Economics. 41 228-243
Xu, R. ; Ooi, J.T.L. Good growth, bad growth: How effective are REITs’ corporate watchdogs?. 2018 The Journal of Real Estate Finance and Economics. 57 64-86
Zerbib, O.D. The effect of pro-environmental preferences on bond prices: Evidence from green bonds. 2019 Journal of Banking & Finance. 98 39-60
Zhang, J. ; Li, Y. ; Xu, H. ; Ding, Y. Can ESG ratings mitigate managerial myopia? Evidence from Chinese listed companies. 2023 International Review of Financial Analysis. 90 -
Zhu, Y.W. ; Ong, S.E. ; Yeo, W.Y. Do REITs manipulate their financial results around seasoned equity offerings? Evidence from US equity REITs. 2010 The Journal of Real Estate Finance and Economics. 40 412-445