...Ramya Rajajagadeesan Aroul; Sanjiv Sabherwal; Sriram V. Villupuram Purpose The purpose of the paper is to examine the relationship between the Environmental, Social and Governance (ESG) performance of Real Estate Investment Trusts (REITs) and their operational efficiency and performance. Design...

..., called X‐inefficiency, can be a better measure of the agency costs. Berger and Bonaccorsi di Patti (2006) and Margaritis and Psillaki (2007) argued that using profit (operational) efficiency as an indicator for measuring agency problems is more accurate than using conventional performance indicators...