{"id":"https://openalex.org/W2808540769","doi":"https://doi.org/10.5539/ijbm.v13n7p80","title":"Green Real Estate: Does It Create Value? Financial and Sustainability Analysis on European Green REITs","display_name":"Green Real Estate: Does It Create Value? Financial and Sustainability Analysis on European Green REITs","publication_year":2018,"publication_date":"2018-06-17","ids":{"openalex":"https://openalex.org/W2808540769","doi":"https://doi.org/10.5539/ijbm.v13n7p80","mag":"2808540769"},"language":"en","primary_location":{"id":"doi:10.5539/ijbm.v13n7p80","doi":"https://doi.org/10.5539/ijbm.v13n7p80","is_oa":true,"landing_page_url":"https://doi.org/10.5539/ijbm.v13n7p80","pdf_url":"http://www.ccsenet.org/journal/index.php/ijbm/article/download/74933/42036","source":{"id":"https://openalex.org/S4210230633","display_name":"International Journal of Business and Management","issn_l":"1833-3850","issn":["1833-3850","1833-8119"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310322531","host_organization_name":"Canadian Center of Science and Education","host_organization_lineage":["https://openalex.org/P4310322531"],"host_organization_lineage_names":["Canadian Center of Science and Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Business and Management","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"http://www.ccsenet.org/journal/index.php/ijbm/article/download/74933/42036","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5080156701","display_name":"Massimo Mariani","orcid":"https://orcid.org/0000-0002-3795-7792","observed_orcids":["https://orcid.org/0000-0002-3795-7792"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Massimo Mariani","raw_affiliation_strings":["Department of Management, Lum University, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Management, Lum University, Italy","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5072103925","display_name":"Paola Amoruso","orcid":"https://orcid.org/0000-0001-8378-7037","observed_orcids":["https://orcid.org/0000-0001-8378-7037"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Paola Amoruso","raw_affiliation_strings":["Department of Management, Lum University, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Management, Lum University, Italy","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5074109782","display_name":"Alessandra Caragnano","orcid":"https://orcid.org/0000-0003-2702-7441","observed_orcids":["https://orcid.org/0000-0003-2702-7441"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Alessandra Caragnano","raw_affiliation_strings":["Department of Management, Lum University, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Management, Lum University, Italy","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5026460375","display_name":"Marianna Zito","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Marianna Zito","raw_affiliation_strings":["Department of Management, Lum University, Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Management, Lum University, Italy","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5080156701"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":1.6206,"has_fulltext":true,"cited_by_count":20,"citation_normalized_percentile":{"value":0.84183277,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":87,"max":98},"biblio":{"volume":"13","issue":"7","first_page":"80","last_page":"80"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13146","display_name":"Sustainable Finance and Green Bonds","score":0.9092000126838684,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13146","display_name":"Sustainable Finance and Green Bonds","score":0.9092000126838684,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11988","display_name":"Sustainable Building Design and Assessment","score":0.036400001496076584,"subfield":{"id":"https://openalex.org/subfields/2215","display_name":"Building and Construction"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.01489999983459711,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/green-real-estate","display_name":"green real estate","score":0.8370000123977661},{"id":"https://openalex.org/keywords/real-estate-investment-trusts","display_name":"real estate investment trusts","score":0.8529999852180481},{"id":"https://openalex.org/keywords/leed-certification","display_name":"LEED certification","score":0.7269999980926514},{"id":"https://openalex.org/keywords/breeam-certification","display_name":"BREEAM certification","score":0.9919999837875366},{"id":"https://openalex.org/keywords/sustainable-construction","display_name":"sustainable construction","score":0.6579999923706055},{"id":"https://openalex.org/keywords/financial-performance","display_name":"financial performance","score":0.6759999990463257},{"id":"https://openalex.org/keywords/fama-french-five-factor-model","display_name":"Fama-French five-factor model","score":0.8059999942779541}],"concepts":[{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.8129571080207825},{"id":"https://openalex.org/C66204764","wikidata":"https://www.wikidata.org/wiki/Q219416","display_name":"Sustainability","level":2,"score":0.7241955399513245},{"id":"https://openalex.org/C46304622","wikidata":"https://www.wikidata.org/wiki/Q374814","display_name":"Certification","level":2,"score":0.6862696409225464},{"id":"https://openalex.org/C38815200","wikidata":"https://www.wikidata.org/wiki/Q697852","display_name":"Real estate investment trust","level":3,"score":0.646358847618103},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.623640775680542},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6019274592399597},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5286346673965454},{"id":"https://openalex.org/C19288939","wikidata":"https://www.wikidata.org/wiki/Q1618728","display_name":"Property management","level":3,"score":0.5117442607879639},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4618699848651886},{"id":"https://openalex.org/C134221152","wikidata":"https://www.wikidata.org/wiki/Q4736525","display_name":"Alternative investment","level":3,"score":0.4228658080101013},{"id":"https://openalex.org/C178008962","wikidata":"https://www.wikidata.org/wiki/Q295382","display_name":"Sustainable business","level":3,"score":0.422471821308136},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.39958831667900085},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.24389347434043884},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.14428505301475525},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C18903297","wikidata":"https://www.wikidata.org/wiki/Q7150","display_name":"Ecology","level":1,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.5539/ijbm.v13n7p80","doi":"https://doi.org/10.5539/ijbm.v13n7p80","is_oa":true,"landing_page_url":"https://doi.org/10.5539/ijbm.v13n7p80","pdf_url":"http://www.ccsenet.org/journal/index.php/ijbm/article/download/74933/42036","source":{"id":"https://openalex.org/S4210230633","display_name":"International Journal of Business and Management","issn_l":"1833-3850","issn":["1833-3850","1833-8119"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310322531","host_organization_name":"Canadian Center of Science and Education","host_organization_lineage":["https://openalex.org/P4310322531"],"host_organization_lineage_names":["Canadian Center of Science and Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Business and Management","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:ibn:ijbmjn:v:13:y:2018:i:7:p:80","doi":null,"is_oa":false,"landing_page_url":"http://www.ccsenet.org/journal/index.php/ijbm/article/download/74933/42036","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.5539/ijbm.v13n7p80","doi":"https://doi.org/10.5539/ijbm.v13n7p80","is_oa":true,"landing_page_url":"https://doi.org/10.5539/ijbm.v13n7p80","pdf_url":"http://www.ccsenet.org/journal/index.php/ijbm/article/download/74933/42036","source":{"id":"https://openalex.org/S4210230633","display_name":"International Journal of Business and Management","issn_l":"1833-3850","issn":["1833-3850","1833-8119"],"is_oa":true,"is_in_doaj":false,"is_core":true,"listed_in":["anvur-scientific","cwts-core"],"host_organization":"https://openalex.org/P4310322531","host_organization_name":"Canadian Center of Science and Education","host_organization_lineage":["https://openalex.org/P4310322531"],"host_organization_lineage_names":["Canadian Center of Science and Education"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Business and Management","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2808540769.pdf","grobid_xml":"https://content.openalex.org/works/W2808540769.grobid-xml"},"referenced_works_count":49,"referenced_works":["https://openalex.org/W1501794477","https://openalex.org/W1563182890","https://openalex.org/W1568596732","https://openalex.org/W1639275303","https://openalex.org/W1882056052","https://openalex.org/W1971747173","https://openalex.org/W1972663458","https://openalex.org/W1975994995","https://openalex.org/W1979156921","https://openalex.org/W1994929395","https://openalex.org/W1995474931","https://openalex.org/W1995834279","https://openalex.org/W1996662715","https://openalex.org/W2004073889","https://openalex.org/W2017240772","https://openalex.org/W2018977871","https://openalex.org/W2042488339","https://openalex.org/W2072454781","https://openalex.org/W2080375052","https://openalex.org/W2090841340","https://openalex.org/W2103998481","https://openalex.org/W2116215885","https://openalex.org/W2119276915","https://openalex.org/W2122472308","https://openalex.org/W2127923747","https://openalex.org/W2136120210","https://openalex.org/W2144992903","https://openalex.org/W2153068218","https://openalex.org/W2153109341","https://openalex.org/W2169988107","https://openalex.org/W2173913116","https://openalex.org/W2181285834","https://openalex.org/W2206000586","https://openalex.org/W2257365119","https://openalex.org/W2484846974","https://openalex.org/W2735516353","https://openalex.org/W2801049538","https://openalex.org/W2888206933","https://openalex.org/W3121238722","https://openalex.org/W3121317163","https://openalex.org/W3122118888","https://openalex.org/W3123156721","https://openalex.org/W3124501327","https://openalex.org/W3124647486","https://openalex.org/W3217457548","https://openalex.org/W4237239309","https://openalex.org/W4241584625","https://openalex.org/W4243177628","https://openalex.org/W6827708981"],"related_works":["https://openalex.org/W2761202525","https://openalex.org/W2237459659","https://openalex.org/W2889055744","https://openalex.org/W2167728595","https://openalex.org/W3111353210","https://openalex.org/W2103998481","https://openalex.org/W1851259223","https://openalex.org/W1785884253","https://openalex.org/W1762719523","https://openalex.org/W2018977871"],"abstract_inverted_index":{"Sustainability":[0],"represents":[1],"an":[2],"innovative":[3],"component":[4,21],"of":[5,48,53,89,106],"profitability":[6],"for":[7],"real":[8,15],"estate":[9,16],"finance,":[10],"and":[11,40,57,81],"among":[12],"other":[13],"instruments,":[14],"funds":[17],"include":[18],"a":[19],"\u201cgreen\u201d":[20],"represented":[22],"by":[23],"certified":[24],"buildings.In":[25],"particular,":[26],"the":[27,33,46,51,75,87,94,103,108,118],"adopted":[28],"selection":[29],"criteria":[30],"refer":[31],"to":[32,44],"two":[34],"European":[35,95],"most":[36],"widespread":[37],"certifications:":[38],"LEED":[39],"BREEAM.The":[41],"objective":[42],"is":[43,71],"demonstrate":[45],"degree":[47],"correlation":[49],"between":[50],"adoption":[52],"implemented":[54],"sustainable":[55,80],"policies":[56],"financial":[58],"performance.":[59],"For":[60],"this":[61,100],"purpose":[62],"Fama-French":[63],"Five":[64],"Factor":[65],"Model":[66],"has":[67,102],"been":[68],"applied.This":[69],"work":[70],"oriented":[72],"in":[73,110],"validating":[74],"hypothesis,":[76],"which":[77],"states":[78],"that":[79],"environmentally":[82],"friendly":[83],"components":[84],"positively":[85],"affect":[86],"performances":[88],"investment":[90],"portfolios,":[91],"focusing":[92],"on":[93,113,117],"property":[96],"management":[97],"industry.":[98],"Therefore,":[99],"paper":[101],"ambitious":[104],"aim":[105],"filling":[107],"gap":[109],"current":[111],"literature":[112],"REITs":[114],"mainly":[115],"focused":[116],"US":[119],"market.":[120]},"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":3},{"year":2020,"cited_by_count":2}],"updated_date":"2026-11-13T13:42:25.865203","created_date":"2018-06-21T00:00:00"}