Impact of ESG performance on reit market valuation evidence from European capital markets

Publicação

datacite.subject.fos	Ciências Sociais::Economia e Gestão
dc.contributor.advisor	Prado, Melissa
dc.contributor.author	Schneider, Max Traugott
dc.date.accessioned	2026-03-10T13:21:07Z
dc.date.available	2026-03-10T13:21:07Z
dc.date.issued	2025-01-13
dc.date.submitted	2024-12-17
dc.description.abstract	This thesis examines the relationship between ESG performance and market value (MV) in European Real Estate Investment Trusts (REITs) from 2015 to 2024 using panel regression models. The analysis finds no significant positive link between ESG performance and MV, with environmental disclosures negatively impacting MV. ESG performance also correlates negatively with Return on Equity (ROE), indicating that compliance costs may outweigh financial benefits. These findings highlight the complexities of ESG integration in real estate and the need for sector-specific, long-term financial analysis.	eng
dc.identifier.tid	204131685
dc.identifier.uri	http://hdl.handle.net/10362/201206
dc.language.iso	eng
dc.relation	UID/ECO/00124/2013
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/
dc.subject	ESG
dc.subject	Performance
dc.subject	REITs
dc.subject	Market value
dc.subject	Sustainability integration
dc.title	Impact of ESG performance on reit market valuation evidence from European capital markets	eng
dc.type	master thesis
dspace.entity.type	Publication
thesis.degree.name	A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economics

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