首页> 外文期刊>Zeitschrift fuer Immobilienoekonomie >Corporate social responsibility and the market valuation of listed real estate investment companies
【24h】

Corporate social responsibility and the market valuation of listed real estate investment companies

机译:上市房地产投资公司的企业社会责任与市场价值

获取原文
       

摘要

Abstract This study investigates the relationship between the implementation of a corporate social responsibility (CSR) strategy and the corporate financial performance of listed real estate investment companies. The sustainability of a company is measured using various self-constructed indices based on the Guidelines of the Global Reporting Initiative (GRI). Overall, a positive relationship can be established. An over-reporting of sustainability information dilutes this relationship. Furthermore, investors value initiatives which have a clear and coherent link to the enhancement of future value creation processes such as efforts to mitigate environmental impacts by reducing resource and energy consumption of buildings. A two-stage least squares regression framework is used to account for the problem of endogeneity.
机译:摘要本文研究了企业社会责任(CSR)策略的实施与房地产上市投资公司的财务状况之间的关系。根据全球报告倡议组织(GRI)的指南,使用各种自建指标来衡量公司的可持续性。总体而言,可以建立积极的关系。过度报道可持续发展信息会削弱这种关系。此外,投资者重视与改善未来价值创造过程有着清晰而连贯联系的举措,例如通过减少建筑物的资源和能源消耗来减轻环境影响的努力。两阶段最小二乘回归框架用于解释内生性问题。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号