Does corporate social responsibility vary by real estate asset types? Evidence from real estate investment trusts Liang, Jerry, Jain, Ameeta and Wu, H 2021, Does corporate social responsibility vary by real estate asset types? Evidence from real estate investment trusts, Sustainability, vol. 13, no. 22, pp. 1-18, doi: 10.3390/su132212836. Attached Files Name Description MIMEType Size Downloads Title Does corporate social responsibility vary by real estate asset types? Evidence from real estate investment trusts Author(s) Liang, Jerry orcid.org/0000-0002-4243-0784 Jain, Ameeta orcid.org/0000-0001-7912-0539 Wu, H Journal name Sustainability Volume number 13 Issue number 22 Start page 1 End page 18 Total pages 18 Publisher MDPI Place of publication Basel, Switzerland Publication date 2021 ISSN 2071-1050 Keyword(s) Science & Technology Life Sciences & Biomedicine Green & Sustainable Science & Technology Environmental Sciences Environmental Studies Science & Technology - Other Topics Environmental Sciences & Ecology CSR REITs asset type financial aspiration FINANCIAL PERFORMANCE PROPERTY INVESTMENT BEHAVIORAL-THEORY FIRM GOVERNANCE DISCLOSURE BUILDINGS IMPACT Summary This paper investigates how real estate investment trusts’ corporate social responsibility (CSR) (REITs) varies by two intrinsic firm factors: real estate asset types and REITs’ financial aspirations. We develop a conceptual model to demonstrate the theoretical role of these intrinsic firm factors in moderating CSR. Using a database containing the Morgan Stanley Capital International CSR rating index, we test REITs from 19 countries for variations of their CSR performance across each of the three pillars of CSR: environment, social, and governance (ES&G) by real estate asset types from 2009 to 2016. The results show that REITs focusing on less market-transparent real assets relying heavily on intensive human-based services and physical capital in property management like hotels and hospitals exhibit a poorer performance in environmental responsibility, social responsibility, and overall CSR score. We found no significant difference between the REITs in their governance responsibility with respect to the real estate asset types. We found that moderation by financial aspiration in establishing their CSR strategies varies by the types of real estate asset that REITs focus on, with the maximum positive impact on REITS with hotel holdings and negative impact on REITs with office and retail assets. Language eng DOI 10.3390/su132212836 Field of Research 12 Built Environment and Design HERDC Research category C1 Refereed article in a scholarly journal Free to Read? Yes Persistent URL http://hdl.handle.net/10536/DRO/DU:30159398 Document type: Journal Article Collections: Faculty of Business and Law Open Access Collection Department of Finance Related Links Link Description Link to full-text (open access)   Connect to Elements publication management system Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au. Versions Version Filter Type Thu, 25 Nov 2021, 08:33:19 EST Thu, 25 Nov 2021, 14:56:12 EST Thu, 25 Nov 2021, 15:01:04 EST Thu, 25 Nov 2021, 15:06:16 EST Fri, 26 Nov 2021, 08:19:08 EST Sat, 11 Dec 2021, 01:45:24 EST Sat, 18 Dec 2021, 01:30:24 EST Thu, 13 Jan 2022, 15:02:47 EST Mon, 21 Mar 2022, 14:56:59 EST Mon, 21 Mar 2022, 15:52:03 EST Mon, 21 Mar 2022, 15:57:26 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 24 Abstract Views, 1 File Downloads  -  Detailed Statistics Created: Thu, 25 Nov 2021, 08:33:19 EST