Publicação
The impact of ESG factors integration on financial performances of Real Estate investment trusts (REITs) in FRANCE
| Resumo: | This study demonstrates how ESG is valued in REITs. Between 2011and 2020, collecting ESG ratios from the IEIF SIIC France index, and see if the high rated ESG companies out perform the market. The findings, show that this association of multi-factor is shifting toward a favorable performance for companies with a high ESG ratios. Furthermore, when comparing listed real estate to the market, it indicates that ESG has a mixed influence. According to the findings, the price of ESG varies between REITs and the market. The link between ESG and return on listed real estate has gotten little attention. This thesis demonstrates the importance of considering the individual influence, as well as the fact that previous market studies cannot simply be applied to REITs |
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| Autores principais: | Spindler-Diakite, Ousmane |
| Assunto: | Esg funds Esg ratings Alternative investment Real Estate finance |
| Ano: | 2022 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | This study demonstrates how ESG is valued in REITs. Between 2011and 2020, collecting ESG ratios from the IEIF SIIC France index, and see if the high rated ESG companies out perform the market. The findings, show that this association of multi-factor is shifting toward a favorable performance for companies with a high ESG ratios. Furthermore, when comparing listed real estate to the market, it indicates that ESG has a mixed influence. According to the findings, the price of ESG varies between REITs and the market. The link between ESG and return on listed real estate has gotten little attention. This thesis demonstrates the importance of considering the individual influence, as well as the fact that previous market studies cannot simply be applied to REITs |
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