... tenure event study seemingly unrelated regression forest products companies On June 1, 2021, the British Columbia Ministry of Forests (MoF) announced a new forest policy direction entitled “Modernizing Forest Policy in British Columbia: Setting the Intention and Leading the Forest Sector...

..., regulations governing the structure of the industry were relaxed and the administered stumpage system was made more market-based. Using daily returns data on 13 publicly traded forest companies that operate in the province, the impact of the FRP was analyzed using event study techniques. Results show...