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| Author: | Penttinen, M. Lausti, A. |
| Title: | The competitiveness and return components of NIPF ownership in Finland |
| Journal: | Liiketaloudellinen aikakauskirja
2004 : 2, p. 143-156 |
| Index terms: | Forest economics Competitiveness Portfolio management Risk Methodology Finland Nordic countries |
| Freeterms: | Ownership |
| Language: | eng |
| Abstract: | A method for estimating return on and risk of non-industrial private forest (NIPF) ownership involving the innovation of dividing the return into: i. felling, ii. price change, iii. change in the growing stock, and iv. silvicultural cost components has been developed. Comparison is made btw. stumpage price change and inflations as well as btw. forests and other assets (like housing, offices, stocks). The results are based on a complete count of the stumpage prices, silvicultural costs, felling volumes and national forest inventory (NFI) data. |
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