Assessing The Linkages Between Corporate Social Esponsibility and A-Reit Performance

Graeme Newell, Hsu Wen Peng, Sharon Yam
2011 Pacific Rim Property Research Journal  
Corporate social responsibility (CSR) has taken on increased significance in the property sector in recent years. This paper assesses the level of CSR practices by A-REITs across the environmental, social and governance dimensions of CSR and compares this to other ASX sectors. A number of unique CSR A-REIT performance indices are developed for A-REIT investors committed to the principles of CSR, and their added-value assessed via risk-adjusted performance analysis and their portfolio
more » ... ortfolio diversification benefits. Importantly, these CSR A-REIT indices do not significantly under-perform the conventional A-REIT indices, as well as providing portfolio diversification benefits. The CSR A-REIT investment implications are also highlighted.
doi:10.1080/14445921.2011.11104332 fatcat:7g5eydn6vzfdlhsw5djsnuk3u4