A carregar...
Publicação
Examining North American REITs in a volatile interest rate environment with ESG characteristics
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 1.09 MB | Adobe PDF |
Orientador(es)
Resumo(s)
This paper examines the empirical link between the Environmental, Social and Governance
(ESG) performance and Long-Term Interest Rates with the financial performance of Real
Estate Investment Trusts (REITs) for a consecutive 6-year period, 2017 to 2023. The dataset
is comprised of 24 of the largest North American equity REITs by asset size, and the dynamic
relationships are tested through a Panel VAR and Granger Causality model. The results
support previous literature on the sensitivity of REIT returns to interest rate changes but find
no evidence to support ESG performance as a positive driver of financial performance.
Descrição
Palavras-chave
REITs Interest Rates ESG Volatility Financial Performance