메뉴 건너뛰기




Volumn 81, Issue 3, 2005, Pages 353-362

Assessing the investment performance of Swedish timberland: A Capital Asset Pricing Model approach

Author keywords

[No Author keywords available]

Indexed keywords

INVESTMENT; LAND MARKET; RURAL ECONOMY; TIMBER INDUSTRY;

EID: 24744448461     PISSN: 00237639     EISSN: None     Source Type: Journal    
DOI: 10.3368/le.81.3.353     Document Type: Article
Times cited : (10)

References (24)
  • 2
    • 11744332741 scopus 로고
    • "The Financial Risk of Private Timberland Investments in South Carolina"
    • Working paper 69. Research Triangle Park, N.C.: Southeastern Center for Forest Economics Research (SCFER)
    • Binkley, C. S., and C. L. Washburn. 1990. "The Financial Risk of Private Timberland Investments in South Carolina." Working paper 69. Research Triangle Park, N.C.: Southeastern Center for Forest Economics Research (SCFER).
    • (1990)
    • Binkley, C.S.1    Washburn, C.L.2
  • 4
    • 0003691327 scopus 로고
    • "Commercial Forestland in the Pension Portfolio: The Biological Beta"
    • (Sept.-Oct.)
    • Conroy, R., and M. Miles. 1989. "Commercial Forestland in the Pension Portfolio: The Biological Beta." Financial Analysts Journal (Sept.-Oct.): 46-54.
    • (1989) Financial Analysts Journal , pp. 46-54
    • Conroy, R.1    Miles, M.2
  • 5
    • 24744439338 scopus 로고
    • "The Arbitrage Pricing Model and Returns on Assets under Uncertain Inflation"
    • Elton, E., M. Gruber, and J. Rentzler. 1984. "The Arbitrage Pricing Model and Returns on Assets under Uncertain Inflation." Journal of Finance 39 (2): 911-24.
    • (1984) Journal of Finance , vol.39 , Issue.2 , pp. 911-924
    • Elton, E.1    Gruber, M.2    Rentzler, J.3
  • 6
    • 24744455529 scopus 로고
    • "Timber and the Institutional Investment Pool"
    • Graham, D. S. 1985. "Timber and the Institutional Investment Pool." Forest Farmer 45 (2): 12-13.
    • (1985) Forest Farmer , vol.45 , Issue.2 , pp. 12-13
    • Graham, D.S.1
  • 7
    • 0000615046 scopus 로고
    • "Risk the Pricing of Capital Assets and the Evaluation of Investment Portfolios"
    • Jensen, M. 1969. "Risk, the Pricing of Capital Assets and the Evaluation of Investment Portfolios." Journal of Business 42 (2): 167-247.
    • (1969) Journal of Business , vol.42 , Issue.2 , pp. 167-247
    • Jensen, M.1
  • 8
    • 24744454237 scopus 로고
    • "The Real and Nominal Parameters in the CAPM: A Responsive Coefficient Approach"
    • Lee, C. F., F. C. Jen, and K. C. J. Wei. 1988. "The Real and Nominal Parameters in the CAPM: A Responsive Coefficient Approach." International Journal of Finance 1 (1): 113-30.
    • (1988) International Journal of Finance , vol.1 , Issue.1 , pp. 113-130
    • Lee, C.F.1    Jen, F.C.2    Wei, K.C.J.3
  • 9
    • 0003114587 scopus 로고
    • "The Valuation of Risky Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets"
    • Lintner, J. 1965. "The Valuation of Risky Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets." Review of Economics and Statistics 47 (1): 13-37.
    • (1965) Review of Economics and Statistics , vol.47 , Issue.1 , pp. 13-37
    • Lintner, J.1
  • 10
    • 84995186518 scopus 로고
    • "Portfolio Selection"
    • Markowitz, H. M. 1952. "Portfolio Selection." Journal of Finance 7 (3): 77-91.
    • (1952) Journal of Finance , vol.7 , Issue.3 , pp. 77-91
    • Markowitz, H.M.1
  • 11
    • 0023700898 scopus 로고
    • "Forestland: Investment Attributes and Diversification Potential"
    • Mills, W. L. 1988. "Forestland: Investment Attributes and Diversification Potential." Journal of Forestry 86 (1): 19-24.
    • (1988) Journal of Forestry , vol.86 , Issue.1 , pp. 19-24
    • Mills, W.L.1
  • 12
    • 0019912265 scopus 로고
    • "Investment in Forest Land: Aspects of Risk and Diversification"
    • (Feb.)
    • Mills, W. L., and W. L. Hoover. 1982. "Investment in Forest Land: Aspects of Risk and Diversification." Land Economics 58 (Feb.): 33-51.
    • (1982) Land Economics , vol.58 , pp. 33-51
    • Mills, W.L.1    Hoover, W.L.2
  • 13
    • 85039381293 scopus 로고    scopus 로고
    • National Board of Forestry (Skogsstyrelsen). Web site. www.svo.se
    • National Board of Forestry (Skogsstyrelsen). 2002. Web site. www.svo.se.
    • (2002)
  • 14
    • 0006266877 scopus 로고
    • "An Application of Capital Asset Pricing to the Spot Market for Softwood Logs in Oregon"
    • Olsen, R. A., and R. H. Terpstra. 1981. "An Application of Capital Asset Pricing to the Spot Market for Softwood Logs in Oregon." Forest Science 27 (2): 215-23.
    • (1981) Forest Science , vol.27 , Issue.2 , pp. 215-223
    • Olsen, R.A.1    Terpstra, R.H.2
  • 15
    • 0000805908 scopus 로고
    • "Portfolio Risk and Returns from Timber Asset Investments"
    • Redmond, C. F., and F. W. Cubbage 1988. "Portfolio Risk and Returns from Timber Asset Investments." Land Economics 64 (4): 325-37.
    • (1988) Land Economics , vol.64 , Issue.4 , pp. 325-337
    • Redmond, C.F.1    Cubbage, F.W.2
  • 16
    • 49549135545 scopus 로고
    • "The Arbitrage Theory of Capital Asset Pricing"
    • (Dec.)
    • Ross, S. A. 1976. "The Arbitrage Theory of Capital Asset Pricing." Journal of Economic Theory 13 (Dec.): 341-60.
    • (1976) Journal of Economic Theory , vol.13 , pp. 341-360
    • Ross, S.A.1
  • 17
    • 84980092818 scopus 로고
    • "Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk"
    • Sharpe, W. F. 1964. "Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk." Journal of Finance 14 (3): 425-42.
    • (1964) Journal of Finance , vol.14 , Issue.3 , pp. 425-442
    • Sharpe, W.F.1
  • 19
    • 0000753168 scopus 로고
    • "Efficient Combinations of Timber and Financial Market Investments in Single-Period and Multi-Period Portfolios"
    • Thomson, T. A. 1991. "Efficient Combinations of Timber and Financial Market Investments in Single-Period and Multi-Period Portfolios." Forest Science 37 (2): 461-80.
    • (1991) Forest Science , vol.37 , Issue.2 , pp. 461-480
    • Thomson, T.A.1
  • 20
    • 2442740010 scopus 로고
    • "Evaluating Forest Management Investments: The Capital Asset Pricing Model and the Income Growth Model"
    • Wagner, J. E., and D. B. Rideout. 1991. "Evaluating Forest Management Investments: the Capital Asset Pricing Model and the Income Growth Model." Forest Science 37 (6): 1591-1604.
    • (1991) Forest Science , vol.37 , Issue.6 , pp. 1591-1604
    • Wagner, J.E.1    Rideout, D.B.2
  • 21
    • 0027045857 scopus 로고
    • "The Stability of the Capital Asset Pricing Model's Parameters in Analyzing Forest Investments"
    • Wagner, J. E., and D. B. Rideout. 1992. "The Stability of the Capital Asset Pricing Model's Parameters in Analyzing Forest Investments." Canadian Forest Research 22: 1639-45.
    • (1992) Canadian Forest Research , vol.22 , pp. 1639-1645
    • Wagner, J.E.1    Rideout, D.B.2
  • 22
    • 0002694217 scopus 로고
    • "Timberland as an Asset for Institutional Portfolios"
    • Zinkhan, F. C. 1990. "Timberland as an Asset for Institutional Portfolios." Real Estate Review: 69-74.
    • (1990) Real Estate Review , pp. 69-74
    • Zinkhan, F.C.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.