Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/springer_journal/green-buildings-similar-to-other-premium-buildings-Pq0WS0TTZO
References (42)
-
Robert Simons, Spenser Robinson, Eunkyu Lee (2014)
Green Office Buildings: A Qualitative Exploration of Green Office Building Attributes, 6
-
P. Rosenbaum (1995)
Constructing Matched Sets and Strata -
JK Luellen, WR Shadish, M Clark (2005)
Propensity Scores An Introduction and Experimental TestEvaluation Review, 29
-
Lei Ding, Roberto Quercia, Wei Li, J. Ratcliffe (2011)
Risky Borrowers or Risky Mortgages Disaggregating Effects Using Propensity Score ModelsJournal of Real Estate Research, 33
-
Anupam Nanda, Stephen Ross (2009)
The Impact of Property Condition Disclosure Laws on Housing Prices: Evidence from an Event Study Using Propensity ScoresThe Journal of Real Estate Finance and Economics, 45
-
P. Rosenbaum, D. Rubin (1984)
Reducing Bias in Observational Studies Using Subclassification on the Propensity ScoreJournal of the American Statistical Association, 79
-
Marco Caliendo, Sabine Kopeinig (2005)
Some Practical Guidance for the Implementation of Propensity Score MatchingIZA Institute of Labor Economics Discussion Paper Series
-
Piet Eichholtz, N. Kok, J. Quigley (2009)
Why Do Companies Rent Green? Real Property and Corporate Social ResponsibilityCorporate Governance: Social Responsibility & Social Impact eJournal
-
F. Fuerst, P. Mcallister (2011)
Green Noise or Green Value? Measuring the Effects of Environmental Certification on Office ValuesUrban Economics & Regional Studies eJournal
-
Robert Simons, E. Choi, Donna Simons (2011)
The Effect of State and City Green Policies on the Market Penetration of Green Commercial Buildings -
G. Pivo (2008)
Responsible property investing: what the leaders are doingJournal of Property Investment & Finance, 26
-
Sofia Dermisi (2011)
Effect of LEED Ratings and Levels on Office Property Assessed and Market Values -
Jonathan Wiley, Justin Benefield, Ken Johnson (2010)
Green Design and the Market for Commercial Office SpaceThe Journal of Real Estate Finance and Economics, 41
-
Aron Gottesman, G. Roberts (2007)
Loan Rates and CollateralS&P Global Market Intelligence Research Paper Series
-
Piet Eichholtz, N. Kok, J. Quigley (2008)
PROGRAM ON HOUSING AND URBAN POLICY -
P. Mcallister, F. Fuerst (2009)
An Investigation of the Effect of Eco-Labeling on Office Occupancy RatesSRPN: Reputation Issues (Topic)
-
Rajeev Dehejia, S. Wahba (2002)
Propensity Score-Matching Methods for Nonexperimental Causal StudiesReview of Economics and Statistics, 84
-
F Fuerst, P McAllister (2011)
Green noise or green value? Measuring the effects of environmental certification on office valuesReal Estate Economics, 39
-
Dixon Oates, K. Sullivan (2012)
Postoccupancy Energy Consumption Survey of Arizona’s LEED New Construction PopulationJournal of Construction Engineering and Management-asce, 138
-
Alexander Reichardt (2013)
Operating Expenses and the Rent Premium of Energy Star and LEED Certified Buildings in the Central and Eastern U.S.The Journal of Real Estate Finance and Economics, 49
-
M. Bonde, Han-Suck Song (2013)
Does greater energy performance have an impact on real estate revenues, 5
-
M Caliendo, S Kopeinig (2008)
Some practical guidance for the implementation of propensity score matchingJournal of economic surveys, 22
-
William Bradshaw (2010)
Creative Construction : the capacity for environmental innovation in real estate development firms -
N. Kok, M. McGraw, J. Quigley (2011)
The Diffusion of Energy Efficiency in BuildingThe American Economic Review, 101
-
L. Barrett, Scott Glick, C. Clevenger (2012)
The Process for Adopting an Energy Efficiency Code in Existing Homes: A Case Study of Boulder, Colorado's SmartRegs Program -
H. Lind (2013)
The economics of green buildings -
Nikodem Szumilo, F. Fuerst (2012)
The Operating Expense Puzzle of US Green Office BuildingsBuilt Environment eJournal
-
Michal Grinstein-Weiss, Clinton Key, Y. Yeo, Joan Yoo, Krista Holub, Andrea Taylor, Jenna Tucker (2012)
Homeownership, Neighbourhood Characteristics and Children’s Positive Behaviours among Low- and Moderate-income HouseholdsUrban Studies, 49
-
Andrea Chegut, Piet Eichholtz, N. Kok (2014)
Supply, Demand and the Value of Green BuildingsUrban Studies, 51
-
P. Das, Jonathan Wiley (2014)
Determinants of premia for energy-efficient design in the office marketJournal of Property Research, 31
-
G. Warren-Myers (2012)
The value of sustainability in real estate: a review from a valuation perspectiveJournal of Property Investment & Finance, 30
-
William Wheaton, Raymond Torto (1994)
Office Rent Indices and Their Behavior over TimeJournal of Urban Economics, 35
-
Timothy Simcoe (2011)
LEED Adopters : Public Procurement and Private Certification -
Cao Yan (2009)
The Determinants of Jobs-Housing Spatial Relationship in BeijingUrban Studies
-
G. Pivo, J. Fisher (2011)
The Walkability Premium in Commercial Real Estate InvestmentsERN: Urban Development & Developing Countries (Topic)
-
John Benjamin, Peter Chinloy, G. Jud (2004)
Real Estate Versus Financial Wealth in ConsumptionThe Journal of Real Estate Finance and Economics, 29
-
AA Gottesman, GS Roberts (2007)
Loan rates and collateralFinancial Review, 42
-
Dora Costa, Matthew Kahn (2010)
Energy Conservation "Nudges" and Environmentalist Ideology: Evidence from a Randomized Residential Electricity Field ExperimentRandomized Social Experiments eJournal
-
N. Miller, J. Spivey, Andrew Florance (2008)
Does Green Pay OffThe journal of real estate portfolio management, 14
-
G. Pivo, J. Fisher (2010)
Income, Value, and Returns in Socially Responsible Office PropertiesJournal of Real Estate Research, 32
-
(2010)
On the economics of energy labelling in the housing market -
A. Parkinson, A. Cooke (2012)
Market Responses to the Sustainability and Energy Performance of Commercial Property
- Publisher
- Springer Journals
- Copyright
- Copyright © 2015 by Springer Science+Business Media New York
- Subject
- Economics; Regional/Spatial Science; Financial Services
- ISSN
- 0895-5638
- eISSN
- 1573-045X
- DOI
- 10.1007/s11146-015-9498-z
- Publisher site
- See Article on Publisher Site
Abstract
The statistics, finance, and real estate literature regularly rely on propensity score matching techniques to balance samples of data where randomized treatment assignment is not possible. In the sustainable commercial real estate literature the technique has seen substantive use. To analyze price and rent premiums for green buildings, several studies have used propensity scores to ensure samples that contains eco-labeled and un-labeled buildings reflect a randomized assignment of the treatment. Underpinning the argument for the use of propensity scores is the notion that green buildings contain similar attributes to non-green buildings. However, if the green labels were ignored, would premium buildings be otherwise statistically similar to premium buildings in the market? Here, we analyze a research question focusing on the extent to which propensity scores can predict a green building using the standard building attributes and whether propensity scoring is an econometric necessity?
Journal
The Journal of Real Estate Finance and Economics – Springer Journals
Published: Feb 22, 2015