{"product_id":"assessing-commercial-timberland-assets-in-the-united-states-von-bin-mei","title":"Assessing Commercial Timberland Assets in the United States","description":"\u003cp\u003eTimberland ownership in the United States has  changed dramatically in the past several decades.  Integrated forest products firms have been divesting  their timberlands, whereas timberland investment  management organizations (TIMOs) have been active  acquirers. Timberland return has three drivers, the  biological growth, timber price, and land price.  Biological growth can be consistently estimated,  land price is correlated with inflation, while  timber price remains most unpredictable. The first  part of this book models and forecasts timber prices  in 12 southern timber regions via different time  series models. The second part examines the  financial performance of private- and public-equity  timberland investments in the US using both  parametric and nonparametric asset ricing  approaches. The last part investigates the option  values of investment, mothballing, reactivation, and  abandonment in a hypothetical southern pine  plantation using the contingent claims approach. The  results can help investors better understand  commercial timberland assets in the US.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844302134\"\u003e\u003ch3\u003eEmpirical Research\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844302134","offer_id":39497193160797,"sku":"9783844302134","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/489c073b-df24-4d84-9dfd-5991c5875d73.jpg?v=1758952466","url":"https:\/\/shop.autorenwelt.de\/products\/assessing-commercial-timberland-assets-in-the-united-states-von-bin-mei","provider":"Autorenwelt Shop","version":"1.0","type":"link"}