Empirical analysis of the economic effect of tree species diversity based on the results of a forest accountancy data network

Wildberg, Johannes; Möhring, Bernhard

doi:10.1016/j.forpol.2019.101982

Cited by 6 publications

(5 citation statements)

References 22 publications

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“…Our research has shown that there are significant relationships between the species composition of stands and the financial condition of forest districts. The establishment of stands by forest holdings is a matter of investment and financial considerations, with the strategic investment goals being reflected in the selection of tree species [78]. Mixed and uneven-aged stands are preferable for environmental reasons and with a view to reducing silvicultural hazards, also in the context of climate change (increasingly severe droughts and winds) [3,[79][80][81][82][83].…”

Section: Discussionmentioning

confidence: 99%

The Effects of Natural and Economic Factors on the Financial Performance of Forest Management Units: The Example of Forest Districts of the State Forests National Forest Holding from Eastern Poland

Kożuch

Marzęda²

2021

Forests

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Given the changing market conditions and uncertainty arising from climate change, forest management tends to focus on the financial functioning of forest holdings. The objective of this work is to study the financial performance of forest districts using ratio analysis, synthetic financial indicators, as well as the relationship between synthetic indicators and forest district categories defined in terms of forest site type, site fertility, compatibility stand species composition, species composition, harvesting system, harvesting intensity, fragmentation of forest complexes and management difficulty level. The study material consists of financial documentation from 82 forest districts of the State Forests National Forest Holding (SFNFH) in eastern Poland from the years 2015–2019 and 2005–2009 (for comparison purposes). Synthetic indicators were calculated using two sets of financial ratios as well as two variants of accounting data. In the study period, forest districts were found to differ in terms of their financial performance, which was affected by the natural and economic factors. The synthetic indicators were significantly higher (p > 0.05) for forest districts operating on low-fertility lowland sites, those managing stands with dominant pine, and those implementing a clearcutting regeneration system. The findings concerning the effects of selected natural and economic factors on the financial condition of forest districts may be used for financial planning and management by SFNFH, in particular in decision-making processes to optimize forest management. The applied methods may stand as a basis for the construction of a sectoral evaluation tool.

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Section: Discussionmentioning

confidence: 99%

The Effects of Natural and Economic Factors on the Financial Performance of Forest Management Units: The Example of Forest Districts of the State Forests National Forest Holding from Eastern Poland

Kożuch

Marzęda²

2021

Forests

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“…The FADN is a valuable time series to analyze forest enterprises' decision-making processes (Wildberg and Möhring 2019). With respect to our research goal, we find the FADN to be a suitable source of data.…”

Section: Databasementioning

confidence: 99%

Exploring controls of timber stock residence times in storage after severe storm events

et al. 2020

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The storage of significant amounts of timber from thrown or dead trees after natural disturbances is an established practice for forest enterprises. Timber storage mitigates economic losses caused by supply-driven timber price falls after natural disturbances. We use a forest accounting database to explore the controls of residence times of coniferous timber stocks in storage following severe storm events. We characterize forest enterprises’ timber stock outflow distributions from storage over several years by mean residence times and their variances. We conduct regression analyses on the expected residence times and their variances. We assess the significance of several explanatory variables representing economic, institutional and tree species-related factors on these metrics using multiple linear regression analyses. Illustrating the effect of these variables on timber storage residence time distributions we reanalyze the database by grouping the FADN data sets with regard to the identified control variables and determine their mean timber storage outflow distributions after the storm events as well as associated expected residence times and their variances. Applying the resulting parameters with the continuous gamma distribution to simulate TSO residence time distributions clearly illuminates the effect of the control variables on storage management. We show that besides market price dynamics, species groups, ownership categories and forest worker capacities are statistically significant controls for mean residence times of timber stock in storage and their variances. We find that stronger timber price falls correlate with shorter mean residence times of timber stocks in storage. We relate this to liquidity maintenance of forest enterprises. We model duration times parameterizing the Gamma distribution. The application of the Gamma distribution to characterize storage management behavior offers the potential to describe differences in timber stock quantities even on shorter timescales than the mean storage residence times. According to our results, we propose to assess timber stocks in storage over a multi-year period in order to improve related national and international accounting schemes.

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“…The application of the methods of analysis of the external economic environment was presented in (Doulos et al, 2018;Izmailova et al, 2018;Osmani et al, 2018;Ramanayake & Wijetunga, 2018;Wu & Wang, 2018;). Methodological aspects of the analysis of the internal environment and the direction of use of the results are presented in the following studies (Lan et al, 2019;Lončarski & Vidovič, 2019;Schaubroeck et al, 2019;Sinthupundaja et al, 2019;Wildberg & Möhring, 2019).…”

Section: Introductionmentioning

confidence: 99%

Administrative Decisions Rationale To Environmental Conditions Creation For Norilsk Metallurgical Cluster Development

Баженов¹

2021

European Proceedings of Social and Behavioural Sciences

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Empirical analysis of the economic effect of tree species diversity based on the results of a forest accountancy data network

Cited by 6 publications

References 22 publications

The Effects of Natural and Economic Factors on the Financial Performance of Forest Management Units: The Example of Forest Districts of the State Forests National Forest Holding from Eastern Poland

The Effects of Natural and Economic Factors on the Financial Performance of Forest Management Units: The Example of Forest Districts of the State Forests National Forest Holding from Eastern Poland

Exploring controls of timber stock residence times in storage after severe storm events

Administrative Decisions Rationale To Environmental Conditions Creation For Norilsk Metallurgical Cluster Development

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