Mind over Mortar: Examining IEQ Scores and Financial Services Companies Performance

Abstract

This paper investigates green buildings and organizational performance, using financial services companies (FSCs) located in green and non-green buildings. Returns of low, moderate, and high-risk investment products were used to underpin organizational performance. FSCs based in green buildings on average outperformed their competitors in non-green buildings. One statistically significant relationship (high-risk fund) was found when assessing returns and IEQ. Average green return ratios (AGRRi) determined the discount/premium of the incremental return per IEQ point of a FSC based in green building(s). However, there were individual FSCs located in non-green buildings that outperformed some of the FSCs based in green buildings.