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enhancement created by green retrofit of US office buildings. This paper is also the first to consider the subsequent investment … to isolate the value impact and the investment risk and return impact of green retrofitting. We do this by applying a … dropped temporarily to near zero, suggesting that the demand for green property investment is income-elastic …
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Using a proprietary, project-level dataset on the film industry, I study a cross-section of expected returns on real investments. Expected returns are increasing and concave in the idiosyncratic dollar variance of a film's payoff, unlike in markets where such risk can be diversified. Expected...
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