Cargando…
Research trends: Forest investments as a financial asset class
This paper serves as an introduction to a Special Issue (SI) of the Journal of Forest Policy and Economics dedicated to forest investment and finance. The Special Issue stemmed from an International Forest Business Conference (IFBC2018) held in Poland on 6–8 June 2018. It includes papers based on sp...
Autores principales: | , |
---|---|
Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
Elsevier B.V.
2020
|
Materias: | |
Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7399712/ https://www.ncbi.nlm.nih.gov/pubmed/32834769 http://dx.doi.org/10.1016/j.forpol.2020.102273 |
_version_ | 1783566195458310144 |
---|---|
author | Chudy, R.P. Cubbage, F.W. |
author_facet | Chudy, R.P. Cubbage, F.W. |
author_sort | Chudy, R.P. |
collection | PubMed |
description | This paper serves as an introduction to a Special Issue (SI) of the Journal of Forest Policy and Economics dedicated to forest investment and finance. The Special Issue stemmed from an International Forest Business Conference (IFBC2018) held in Poland on 6–8 June 2018. It includes papers based on speeches at that conference, as well as others on similar topics not presented at the conference. Topics addressed in this Special Issue include timberland investments, forest finance, intensively managed plantations, risk, uncertainty and decision-making, business structures and investment strategy, timber prices and forecasts, forestry contractors, and taxes. Details papers on these subjects follow in this Special Issue. Our finance research overview here provides a historical background and summary of forest investments and finance, focusing on forest equity investments made by institutional investors and in forestry real estate investment trusts, not including public lands or individual small private forest landowners. Forest assets as an investment class have expanded due to analytical advances, ownership changes, globalized markets, and sustainable forestry factors. Key components affecting forestry investments are expected asset returns, portfolio diversification, inflation hedge, and liquidity and natural risks. Topics detailed in this Special Issue include timberland investments, forest finance, intensively managed plantations, risk, uncertainty and decision-making, business structures and investment strategy, timber prices and forecasts, forestry contractors, and taxes. Finally, we identify knowledge gaps regarding forest investments for future research. |
format | Online Article Text |
id | pubmed-7399712 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2020 |
publisher | Elsevier B.V. |
record_format | MEDLINE/PubMed |
spelling | pubmed-73997122020-08-04 Research trends: Forest investments as a financial asset class Chudy, R.P. Cubbage, F.W. For Policy Econ Article This paper serves as an introduction to a Special Issue (SI) of the Journal of Forest Policy and Economics dedicated to forest investment and finance. The Special Issue stemmed from an International Forest Business Conference (IFBC2018) held in Poland on 6–8 June 2018. It includes papers based on speeches at that conference, as well as others on similar topics not presented at the conference. Topics addressed in this Special Issue include timberland investments, forest finance, intensively managed plantations, risk, uncertainty and decision-making, business structures and investment strategy, timber prices and forecasts, forestry contractors, and taxes. Details papers on these subjects follow in this Special Issue. Our finance research overview here provides a historical background and summary of forest investments and finance, focusing on forest equity investments made by institutional investors and in forestry real estate investment trusts, not including public lands or individual small private forest landowners. Forest assets as an investment class have expanded due to analytical advances, ownership changes, globalized markets, and sustainable forestry factors. Key components affecting forestry investments are expected asset returns, portfolio diversification, inflation hedge, and liquidity and natural risks. Topics detailed in this Special Issue include timberland investments, forest finance, intensively managed plantations, risk, uncertainty and decision-making, business structures and investment strategy, timber prices and forecasts, forestry contractors, and taxes. Finally, we identify knowledge gaps regarding forest investments for future research. Elsevier B.V. 2020-10 2020-08-04 /pmc/articles/PMC7399712/ /pubmed/32834769 http://dx.doi.org/10.1016/j.forpol.2020.102273 Text en © 2020 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active. |
spellingShingle | Article Chudy, R.P. Cubbage, F.W. Research trends: Forest investments as a financial asset class |
title | Research trends: Forest investments as a financial asset class |
title_full | Research trends: Forest investments as a financial asset class |
title_fullStr | Research trends: Forest investments as a financial asset class |
title_full_unstemmed | Research trends: Forest investments as a financial asset class |
title_short | Research trends: Forest investments as a financial asset class |
title_sort | research trends: forest investments as a financial asset class |
topic | Article |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7399712/ https://www.ncbi.nlm.nih.gov/pubmed/32834769 http://dx.doi.org/10.1016/j.forpol.2020.102273 |
work_keys_str_mv | AT chudyrp researchtrendsforestinvestmentsasafinancialassetclass AT cubbagefw researchtrendsforestinvestmentsasafinancialassetclass |