Current issue: 58(5)
Select issue
Silva Fennica 1926-1997
1990-1997
1980-1989
1970-1979
1960-1969
1950-1959
1940-1949
1926-1939
Acta Forestalia Fennica
1992-1999
1984-1991
1974-1983
1968-1973
1953-1968
1933-1952
1913-1932
Articles containing the keyword 'backward vertical integration'
Category : Research article
article id 303,
category
Research article
(2007).
Industrial timberland ownership in the USA: arguments based on case studies.
Silva Fennica
vol.
41
no.
2
article id 303.
https://doi.org/10.14214/sf.303
Keywords:
forest management;
backward vertical integration;
pricing;
secured supply;
owner structure
Abstract |
View details
|
Full text in PDF |
Author Info
The forest product companies’ ownership of timberland is decreasing in the United States as in many other countries. In aggregate the forest product industry owned 26.5 million hectares (11.6% of the U.S. timberland) in 2002 compared with 28.5 million hectares in 1987 (FIA 2006). Reasons for this decrease of timberland ownership are several and complex. This article presents four case studies of U.S.-based forest product companies. The vertical integration theory and empirical studies about timberland ownership give a base for the study. Four hypotheses are formulated on the basis of the literature. The results give support to two of them. An important reason for timberland ownership is a wish to secure deliveries. Market conditions are important for the need of owning timberland. Two of the companies did not own timberland, the main reason being more profitable alternative uses of capital. The ownership structure of the company, tradition, and culture are other important explanations for timberland ownership. This study did not show the advantage of timberland ownership for information and coordination.
-
Lönnstedt,
SLU, Department of Forest Products, P.O. Box 7060, SE 750 07 Uppsala, Sweden
E-mail:
lars.lonnstedt@spm.slu.se
Click this link to register to Silva Fennica.
If you are a registered user, log in to save your selected articles for later access.
Your selected articles
Silva Fennica ·
Finnish Society of Forest Science
