Examining timberland ownership and control strategies in the global forest sector |
| |
| Affiliation: | 1. University of Helsinki, Pl 27, 00014 Helsinki, Finland;2. South China Agricultural University, College of Economics and Management, Guangzhou 510642, China;1. Texas A&M Forest Service, College Station, TX 77845, United States;2. School of Forestry and Wildlife Sciences, Auburn University, Auburn, AL 36860, United States;3. School of Renewable Natural Resources, Louisiana State University Agricultural Center, Baton Rouge, LA 70803, United States;1. European Forest Institute, Yliopistokatu 6, 80100 Joensuu, Finland;2. University of Eastern Finland, Yliopistokatu 7, 80100 Joensuu, Finland;3. Natural Resources Institute Finland, Yliopistokatu 6B, 80101 Joensuu, Finland;1. Department of Business and Management Science, NHH Norwegian School of Economics, Helleveien 30, Bergen 5045, Norway;2. Département de génie mécanique, Université Laval, Québec, QC G1V0A6, Canada;3. The Forestry Research Institute of Sweden, Uppsala Science Park, Uppsala SE-75183, Sweden |
| |
| Abstract: | This is the first study in a global context exploring the state of industrial timberland ownership and control and modelling of the binary choice of ownership strategy. In our sample of the 100 largest forest product companies in 2012, 40 have timberland ownership and 51 are integrated into timberland by ownership or leasing arrangements. The descriptive analysis indicates that the vertical integration strategies vary between companies from different regions. Despite recent timberland divestments in North America and the Nordic countries, the area reported for timberland in ownership and control among the top 100 companies has increased between 2007 and 2012 due to growth in emerging countries. The results of logistic regression analysis indicate that larger, more profitable and pulp-production oriented companies are more likely to be vertically integrated into timberland. The underlying reason can be that the pulp producers are financially more vulnerable to the risks associated with a reliable flow of raw material to their mills. In a dynamic market situation with increasing competition over arable land, more research is required to understand the interplay between global strategies across different forest industry companies, and between forestry and other forms of land use. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
