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Autor(en):
Clasen, Christian; Griess, Verena C.; Knoke, Thomas 
Titel:
Financial consequences of losing admixed tree species: A new approach to value increased financial risks by ungulate browsing 
Abstract:
The influence of ungulates on the growth of young trees is amply discussed in forestry literature, particularly game browsing. Although there are a few appraisal methods that consider negative long-term influences on forest regeneration, hitherto no approach has addressed the financial consequences of lost admixed tree species. A homogenised species composition may lead to an increased financial risk of a forest. Based on financial return and risk ratios of mixed forests, this paper derives the...    »
 
Stichworte:
Game browsing; Demixing; Portfolio Theory; Financial risk; Sharpe-Ratio; Compensation 
Zeitschriftentitel:
Forest Policy and Economics 
Jahr:
2011 
Band / Volume:
13 
Heft / Issue:
Seitenangaben Beitrag:
503--511 
Print-ISSN:
1389-9341