... understand privately placed timberland as an asset class and therefore improve their strategic investment decisions. Timberland funds private equity forest investments USA B26 G11 M21 Q0 Q23 Almost all existing studies in the field of timberland investment have used the NCREIF...

... M21 Q23 I_t = the net operating income produced by the forest during the year; This formula can also be re-arranged to highlight the two components of total return: r t = I t / V t − 1 + ( V t − V t − 1 ) / V t − 1...

... Economics, Swedish University of Agricultural Sciences, Umeå Licensed re-use rights only Customer orientation Sawmill industry Wood products industry Value creation Customer value L73 M21 D22 If a firm’s competitive advantage is based on minimizing costs, its success depends...

... the capabilities selected. Fourth, capability outcomes include tangible manifestations of improvements in capabilities, providing a feedback loop back to directing executive attention. Capability evolution Forest industry Mature industries M21 L73 D22 Table 1 Interviewees listed...

... only Value-added Cost-efficiency Strategy Large- and medium-sized sawmills Financial performance M21 Competition faced by the Northern European sawmill industry has increased drastically during the previous decade. In the main markets of Japan and Western Europe, the growth...