...Yi Ling Lee; Yee Peng Chow Purpose The purpose of the paper is to investigate the nonlinear effects of environmental, social and governance (ESG) performance on operational efficiency and operational performance of Real Estate Investment Trusts (REITs). Design/methodology/approach This study...

... on the reciprocal relationship (MVA related to CSR, and CSR related to MVA). This model should be linearity, based on RESET test. On the other hand, an alternative model is based on a nonlinearity relationship (the linearity of parametric regression is not fulfilled), the modified panel nonparametric regression...