... R. Chudy, B. Mei and S. Skjerstad Licensed re-use rights only Timberland funds private equity forest investments USA B26 G11 M21 Q0 Q23 Since the 1980s, the timberland asset class has gone through significant structural changes, spurring a major institutional interest...

... M21 Q23 The purpose of this research is to estimate an average annual return on industrial forestry investments in New Zealand. New Zealand’s planted forests are generally regarded as a commercial investment – many of the companies whose data are analysed here are owned by institutional...

... 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 Adaptability to a rapidly changing business environment is critical for any firm’s...

... Capability evolution Forest industry Mature industries M21 L73 D22 Explanations of competitive advantage tend to rely on either physical resources or intangible capabilities (see Conner, 1991 , for a review). In the forest industry research context both have been popular. In terms...

... 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...