Mind over Mortar: Examining IEQ Scores and Financial Services Companies Performance
Saul Nurick
Journal of Sustainable Real Estate, 2022, vol. 14, issue 1, 42-56
Abstract:
This paper investigates green buildings and organizational performance, using financial services companies (FSCs) located in green and non-green buildings. Returns of low, moderate, and high-risk investment products were used to underpin organizational performance. FSCs based in green buildings on average outperformed their competitors in non-green buildings. One statistically significant relationship (high-risk fund) was found when assessing returns and IEQ. Average green return ratios (AGRRi) determined the discount/premium of the incremental return per IEQ point of a FSC based in green building(s). However, there were individual FSCs located in non-green buildings that outperformed some of the FSCs based in green buildings.
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:taf:rsrexx:v:14:y:2022:i:1:p:42-56
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DOI: 10.1080/19498276.2022.2102624
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