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In this paper, we study the impact of CEO and board gender diversity on the risk management decisions of 179 U.S. Real Estate Investment Trusts (REITs) during the 2001 to 2018 period. Using a bottom-up analysis on the properties in REIT portfolios, we find significant risk reduction associated...
Persistent link: https://www.econbiz.de/10014349316
In this paper, we study the impact of CEO and board gender diversity on the risk management decisions of 179 U.S. Real Estate Investment Trusts (REITs) during the 2001-2018 period. Using a bottom-up analysis on the properties in REIT portfolios, we find significant risk reduction associated with...
Persistent link: https://www.econbiz.de/10014492438
This paper explores private equity real estate fund performance and voluntary environmental, social, and governance (ESG) disclosures. Using data from the National Council of Real Estate Investment Fiduciaries (NCREIF), it examines the relationship between performance for funds in the Open-Ended...
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There is an ongoing debate about the impact of environmental performance on a firm's cost of capital, but most academic studies are hindered by methodological challenges. The real estate sector, which is at the nexus of many environmental and energy issues, offers a laboratory to address the...
Persistent link: https://www.econbiz.de/10013001664
This is the first paper to study the effects of overconfidence on trading activity and performance in real estate. The paper looks at REITs, since their investments and divestments can be identified with precision. We look at the effect of CEO overconfidence on investment activity and separately...
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