Sustainability, A-REITs and the global financial crisis

Dimovski, Bill and O'Neill, Leonie 2015, Sustainability, A-REITs and the global financial crisis, Pacific rim property research journal, vol. 21, no. 1, pp. 51-59, doi: 10.1080/14445921.2015.1026174.

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Title Sustainability, A-REITs and the global financial crisis
Author(s) Dimovski, BillORCID iD for Dimovski, Bill
O'Neill, Leonie
Journal name Pacific rim property research journal
Volume number 21
Issue number 1
Start page 51
End page 59
Total pages 9
Publisher Taylor & Francis
Place of publication London, Eng.
Publication date 2015
ISSN 1444-5921
Keyword(s) Australian Real Estate Investment Trusts (A-REITs)
corporate social responsibility
Summary While environmental sustainability has grown in importance to governments and the community, the purpose of this paper is to examine the environmental sustainability activities of A-REITs over the period of the global financial crisis. Using a content analysis methodology similar to Newell, annual reports and home websites for 24 of the largest A-REITs (which have also been a constituent of the ASX 300 index) are analysed to determine the extent of their sustainable investment activities. The Green Building Council of Australia and NABERS websites are also explored. Given the increasing focus on sustainable commercial property, the study finds that A-REIT investment into these properties has been rather conservative and slow. There are, however, some A-REITs that have tried to lead in the field even during the period of the global financial crisis. Relatively solid and stable returns on equity and assets appear to be achieved by such A-REITs in the years during and following this crisis.
Language eng
DOI 10.1080/14445921.2015.1026174
Field of Research 150201 Finance
Socio Economic Objective 900101 Finance Services
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2015, Taylor & Francis
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Department of Economics
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