Publicação
Examining North American REITs in a volatile interest rate environment with ESG characteristics
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Prado, Melissa | |
| dc.contributor.author | Carvalho, Afonso Oliveira Martins de Campos | |
| dc.date.accessioned | 2025-02-26T16:09:26Z | |
| dc.date.available | 2025-02-26T16:09:26Z | |
| dc.date.issued | 2024-01-23 | |
| dc.date.submitted | 2023-12-20 | |
| dc.description.abstract | 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. | pt_PT |
| dc.identifier.tid | 203866509 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/179869 | |
| dc.language.iso | eng | pt_PT |
| dc.subject | REITs | pt_PT |
| dc.subject | Interest Rates | pt_PT |
| dc.subject | ESG | pt_PT |
| dc.subject | Volatility | pt_PT |
| dc.subject | Financial Performance | pt_PT |
| dc.title | Examining North American REITs in a volatile interest rate environment with ESG characteristics | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in International Finance from the Nova School of Business and Economics | pt_PT |