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From Backwoods to Boardrooms : The Rise of Institutional Investment in Timberland
Author
Title
From Backwoods to Boardrooms : The Rise of Institutional Investment in Timberland / Daowei Zhang.
ISBN
9780870711435
Publication
Corvallis : Oregon State University Press, [2021]
Manufacture
Baltimore, Md. : Project MUSE, 2021
Copyright Notice Date
©[2021]
Physical Description
1 online resource (280 pages): illustrations (black & white);
Local Notes
Access is available to the Yale community.
Notes
Description based on print version record.
Access and use
Access restricted by licensing agreement.
Summary
"Since the early 1900s, forestland ownership has gone through two major structural changes in the United States and other parts of the world: the accumulation of industrial timberlands between the 1900s and 1980s and, since then, the shift from industrial to institutional ownership. From Backwoods to Boardrooms explores the history and economics of these two structural changes with emphasis on the latter. These ownership transformations have impacted tens of millions of acres of private landholdings and billions of investment dollars. Industrial structure, forest management and policy, research and development, community welfare, and forest sustainability have all been directly affected. Through a historical examination of key events and players, prevailing management philosophies, public policy, and institutional factors, Zhang searches for an economic explanation and assesses the impact of these ownership revolutions with a three-pronged approach. First, he explains why industrial firms were able to profit from owning forestlands, and how the shift to institutional ownership came about. Second, he compares private timberland investments and public equity investments with respect to risk-adjusted returns and other dimensions of interest to investors and forest managers, including alignment of interests, capacity to exploit market inefficiencies, and their forest management and conservation records. Finally, he provides thoughtful commentary on the future of institutional timberland investments and global forest sustainability. From Backwoods to Boardrooms is essential reading for forest managers, investors, and anyone interested in understanding the workings of the modern forest sector and the future of forest sustainability"-- Provided by publisher.
Variant and related titles
Project MUSE complete collection 2021.
Format
Books / Online
Language
English
Added to Catalog
July 17, 2023
Contents
From industrial to institutional timberland ownership
The fundamental value of timberland
Emerging institutional timberland investment and the rise of TIMOs in the United States, 1952-1987
The sellers and buyers of industrial timberlands in the 1980s-1990s
The growing TIMO trees
Timberland REITs
Institutional timberland investment around the world
Promises and prospects.
Subjects
Also listed under
Project Muse. distributor
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