Zhang, Daowei
From Backwoods to Boardrooms: The Rise of Institutional Investment in Timberland
- ISBN 13:
- 9780870711428
- author:
- Zhang, Daowei
- format:
- Paperback
- publisher:
- Oregon State University Press
- language:
- English
- Publication Year:
- 2021
- Pages:
- 280
- Dimensions:
- 22.6 x 15 x 1.8 centimetres (0.4
- Genre:
- Nonfiction, Technology & Engineering, Agriculture,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
The rise of institutional investment in timberland has transformed the forest sector. Since the early 1900s, two major structural changes have shaped forestland ownership: industrial accumulation and recent shifts towards institutional ownership. This shift has impacted millions of acres of private landholdings and billions of dollars in investments. Daowei Zhang explores the history and economics behind these transformations, examining key events, prevailing management philosophies, public policy, and institutional factors. He assesses the impact of these changes on forest sustainability and provides commentary on the future of institutional timberland investments. This book is a valuable resource for understanding the workings of the modern forest sector. By comparing private timberland investments with public equity investments, Zhang sheds light on risk-adjusted returns and other dimensions of interest to investors and forest managers. His three-pronged approach offers insights into why industrial firms profited from owning forestlands, how institutional ownership emerged, and what this means for forest sustainability in the future.