There is an ongoing debate about the impact of environmental performance on a firm's cost of capital, but most academic studies are hindered by methodological challenges. The real estate sector, which is at the nexus of many environmental and energy issues, offers a laboratory to address the...

Strong rental protection in many jurisdictions prevents affordable housing institutions from recouping their investment in the improved energy efficiency of dwellings. This impedes the path towards increased environmental performance in affordable housing. In the Netherlands, affordable housing...

This is the first paper to study the effects of overconfidence on trading activity and performance in real estate. The paper looks at REITs, since their investments and divestments can be identified with precision. We look at the effect of CEO overconfidence on investment activity and separately...

While the empirical evidence on the pricing of flood risk exposure in residential real estate held by uninformed households is mixed, this study shows that sophisticated investors in commercial real estate markets rationally respond to heightened flood risk by bidding down the prices of exposed...

Comparing banks to non-bank lenders, we investigate whether the geographical distance between lenders, borrowers and their properties is reflected in the pricing of US mortgages that were included in US CMBS pools during the 2000 to 2017 period. The difference in loan spread when bank-borrower...