Typology of contractors for forestry services: Insights from Slovakia

Štěrbová, Martina; Kovalčík, Miroslav

doi:10.1016/j.forpol.2020.102143

Cited by 4 publications

(3 citation statements)

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“…The power of the state forest enterprises is manifested mainly in shaping the business environment and setting trends in the timber and forestry services market (Teder et al 2015;Brodrechtová, Smreček 2018;Štěrbová, Kovalčík 2020), which further has an impact on non-state owners. The largest forest enterprise Lesy SR has such a dominant position in the timber market that Šálka et al (2016) considered it a source of market power (very high share of wood production) in the forestry sector in Slovakia.…”

Section: Power Resourcesmentioning

confidence: 99%

The Slovak forest policy arrangement: Post-1989 residues and changes

Halušková¹

2022

J. For. Sci.

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After 1989, Central and Eastern European countries with planned economies launched a process of transformation. In the Slovak forest policy, the main changes have been in the structure of forest ownership, increasing the share of governance mechanisms within the decision-making, and the organization of the sector. The aim of the paper is to analyse the current Slovak forest policy arrangement in relation to the socialistic political history, via the Policy Arrangement Approach. The analysis is based on literature search and consultations with forest policy experts. In total, 55 scientific publications were analysed. Subsequently, the results were consulted with four national forest policy experts. Despite the three decades-lasting transformation process, in Slovakia, forest policy is characterised by a strong influence of governmental actors, centralisation, and prevailing hierarchical use of policy instruments. Nature protection actors enter the policy arena, for instance, to expand protected areas. The top-down planning has an impact on the forest owners’ performance of rights to use their forests. Non-governmental actors attempt to enforce their interests through participation mechanisms, inter-ministerial commenting procedures, and voluntary instruments. Public opinion is turning towards nature protection and forestry as such has come under pressure with its traditionalist approach.

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Section: Power Resourcesmentioning

confidence: 99%

The Slovak forest policy arrangement: Post-1989 residues and changes

Halušková¹

2022

J. For. Sci.

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“…Therefore, each forestry investment should be treated with caution and on a case by case basis. Factors such as biological growth and timber prices ( Chudy et al, 2020 ), bioenergy market and contractual rights and obligations on the properties ( Mei, 2019 ), tax structure ( Li et al, 2020 ), availability and characteristics of forest service contractors ( Štěrbová and Kovalčík, 2020 ) or even other forest merchantability limitations in given regions ( Pokharel and Latta, 2020 ) may vary and may significantly impact IRRs of specific timberland investments.…”

Section: Contributions In the Special Issuementioning

confidence: 99%

Research trends: Forest investments as a financial asset class

Chudy

Cubbage

2020

Forest Policy and Economics

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This paper serves as an introduction to a Special Issue (SI) of the Journal of Forest Policy and Economics dedicated to forest investment and finance. The Special Issue stemmed from an International Forest Business Conference (IFBC2018) held in Poland on 6–8 June 2018. It includes papers based on speeches at that conference, as well as others on similar topics not presented at the conference. Topics addressed in this Special Issue include timberland investments, forest finance, intensively managed plantations, risk, uncertainty and decision-making, business structures and investment strategy, timber prices and forecasts, forestry contractors, and taxes. Details papers on these subjects follow in this Special Issue. Our finance research overview here provides a historical background and summary of forest investments and finance, focusing on forest equity investments made by institutional investors and in forestry real estate investment trusts, not including public lands or individual small private forest landowners. Forest assets as an investment class have expanded due to analytical advances, ownership changes, globalized markets, and sustainable forestry factors. Key components affecting forestry investments are expected asset returns, portfolio diversification, inflation hedge, and liquidity and natural risks. Topics detailed in this Special Issue include timberland investments, forest finance, intensively managed plantations, risk, uncertainty and decision-making, business structures and investment strategy, timber prices and forecasts, forestry contractors, and taxes. Finally, we identify knowledge gaps regarding forest investments for future research.

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“…On the other hand, in the countries of Eastern and Southeastern Europe, contractors for forestry services are a relatively new entity in the forestry sector, whose development is "…closely related to mechanization of logging and transport of raw material in era of transition to a market economy" (Šporčić & Martinić, 2004). Previous research indicates that in countries across Europe, such as Sweden, Finland, Germany and Slovakia, contractors for forestry services are most often small businesses, or, in most cases, micro-enterprises that rarely have more than one employee (Štěrbova & Kovalčik, 2020).…”

Section: Introductionmentioning

confidence: 99%