TY - CONF T1 - Why Companies Rent Green: CSR and The Role of Real Estate T2 - 16th Annual European Real Estate Society Conference Y1 - 2009 A1 - Nils Kok A1 - Eichholtz, Piet A1 - Quigley, John M. AB - We conduct a quantitative study to explain why firms lease commercial office space in buildings with a green label ñ as this implies paying a rental premium. Based on a literature review, we construct a theoretical framework of drivers underlying corporate social responsibility. We formulate five propositions that explain why specific industries may be more willing to lease green. Then, we test these propositions using a sample of 11,000 unique tenants in approximately 5,000 office buildings, of which 1,100 buildings have a green label. We find that corporations in the oil and banking industry, as well as government-related organization, are among the most prominent green tenants. The empirical analysis shows that tenants in these industry groups are significantly more likely to rent green office space. JA - 16th Annual European Real Estate Society Conference T3 - ERES: Conference CY - Stockholm, Sweden U3 - RePEc:arz:wpaper:eres2009_176 J1 - Conference 2009 ID - oai:eres.id:eres2009_176 M3 - 10.15396/eres2009_176 ER -