Are forest sector firms maximizing the economic returns from their timber? Evidence from British Columbia

2009 ◽  
Vol 85 (3) ◽  
pp. 361-371 ◽  
Author(s):  
Harry Nelson ◽  
David Cohen ◽  
William Nikolakis
Keyword(s):  
British Columbia ◽  
Value Chain ◽  
Economic Value ◽  
Daily Basis ◽  
Forest Sector ◽  
Production Volume ◽  
Economic Returns ◽  
Timber Supply ◽  
Organizational Behaviour ◽  
Industry Value Chain

Understanding the components of the forest value chain and linkages is essential in designing a system that will maximize the economic value of Canadian fibre. A key part of the system is how firms incorporate the fibre quality and attributes of their timber supply into the decision over what kinds of products to manufacture. The linkage between timber supply and how firms decide to utilize fibre is critically important, especially in Canada, where government policy plays a key role in governing access to fibre. We explore this question by looking at whether firms try to maximize the economic return from their fibre, or instead focus on other objectives such as maximizing the production volume they can generate from their timber supply. We surveyed sawmills and woodland managers in British Columbia in the Fall of 2006 and focused on a particular characteristic—the extent to which sawmills and operations are responding to value-based signals rather than to other kinds of signals. We found that the majority of BC forest sector firms we interviewed are emphasizing volume-based measures on a daily basis, whether they are in sawmill or woodlands operations, and while economic measures become more important as the period lengthens, it is unclear as to how firms reconcile these 2 different types of measures. Key words: organizational behaviour, firm operations, Canadian forest industry, value chain optimization

The status of forestry research in British Columbia

1992 ◽  
Vol 68 (6) ◽  
pp. 730-735 ◽  
Author(s):  
Clark S. Binkley ◽  
Susan B. Watts
Keyword(s):  
British Columbia ◽  
Forest Products ◽  
The United States ◽  
Forest Sector ◽  
Third Generation ◽  
Economic Returns ◽  
Research Organizations ◽  
Research Expenditures ◽  
The Status ◽  
Forestry Products

A survey of forestry and forestry products research in British Columbia indicates that the various research organizations in the province (e.g., Ministry of Forests, Forestry Canada, forest products companies, NSERC, and Universities) spent $71.1 million on research in 1991. This amounts to about 0.69% of gross sales, a figure that is less than half the research expenditures by such key competitors as the United States or Sweden. Although the economic returns to forestry and forest products research apparently are high, the failure to allocate more funds to research and development stems from a failure to conceptualize research as part of a larger forest sector strategy. Adopting this "third generation" approach to research planning would insure that research results are actually implemented, and would probably result in appropriately larger expenditures in this area.

Big data investments in knowledge and non-knowledge intensive firms: what the market tells us

2017 ◽  
Vol 21 (3) ◽  
pp. 623-639 ◽  
Author(s):  
Tingting Zhang ◽  
William Yu Chung Wang ◽  
David J. Pauleen
Keyword(s):  
Big Data ◽  
Knowledge Management ◽  
Stock Market ◽  
Value Chain ◽  
Stock Prices ◽  
Economic Value ◽  
Information Value ◽  
Publicly Traded ◽  
Content Type ◽  
Knowledge Intensive

Purpose This paper aims to investigate the value of big data investments by examining the market reaction to company announcements of big data investments and tests the effect for firms that are either knowledge intensive or not. Design/methodology/approach This study is based on an event study using data from two stock markets in China. Findings The stock market sees an overall index increase in stock prices when announcements of big data investments are revealed by grouping all the listed firms included in the sample. Increased stock prices are also the case for non-knowledge intensive firms. However, the stock market does not seem to react to big data investment announcements by testing the knowledge intensive firms along. Research limitations/implications This study contributes to the literature on assessing the economic value of big data investments from the perspective of big data information value chain by taking an unexpected change in stock price as the measure of the financial performance of the investment and by comparing market reactions between knowledge intensive firms and non-knowledge intensive firms. Findings of this study can be used to refine practitioners’ understanding of the economic value of big data investments to different firms and provide guidance to their future investments in knowledge management to maximize the benefits along the big data information value chain. However, findings of study should be interpreted carefully when applying them to companies that are not publicly traded on the stock market or listed on other financial markets. Originality/value Based on the concept of big data information value chain, this study advances research on the economic value of big data investments. Taking the perspective of stock market investors, this study investigates how the stock market reacts to big data investments by comparing the reactions to knowledge-intensive firms and non-knowledge-intensive firms. The results may be particularly interesting to those publicly traded companies that have not previously invested in knowledge management systems. The findings imply that stock investors tend to believe that big data investment could possibly increase the future returns for non-knowledge-intensive firms.

scholarly journals Making Resilient Decisions for Sustainable Circularity of Fashion

2021 ◽  
Author(s):  
Celinda Palm ◽  
Sarah E. Cornell ◽  
Tiina Häyhä
Keyword(s):  
Value Chain ◽  
Circular Economy ◽  
Ecological Impacts ◽  
Ecological System ◽  
Fashion Industry ◽  
State Response ◽  
Social Ecological ◽  
Industry Value Chain ◽  
The Many ◽  
Sustainability Challenges

AbstractThe fashion and textiles industry, and policymakers at all levels, are showing an increased interest in the concept of circular economy as a way to decrease business risks and negative environmental impacts. However, focus is placed mainly on the material ‘stuff’ of textile fashion and its biophysical harms. The current material focus has several shortcomings, because fashion is a social-ecological system and cannot be understood merely by addressing its environmental dimensions. In this paper, we rethink the fashion system from a critical social-ecological perspective. The driver-state-response framework shows social drivers and ecological impacts as an adaptive social-ecological system, exposing how these interacting aspects need to be addressed for sustainable and resilient implementation of circular economy. We show how current responses to global sustainability challenges have so far fallen short. Our overall aim is to expand possibilities for reframing responses that better reflect the complex links between the global fashion system, culture and creativity and the dynamics of the living planet. We argue that reducing planetary pressure from the global fashion and textiles industry requires greater recognition of the system’s social drivers with more emphasis on the many cross-scale links between social and ecological dimensions. Resilient decisions aiming for sustainable circularity of the fashion industry must therefore pay attention to social activities beyond the industry value chain, not just material flows within it.

The regional newspaper industry value chain in the digital age

OR Insight ◽  
2009 ◽  
Vol 22 (3) ◽  
pp. 165-183 ◽  
Author(s):  
Gary Graham ◽  
John Hill
Keyword(s):  
Value Chain ◽  
Digital Age ◽  
Newspaper Industry ◽  
Industry Value Chain ◽  
Regional Newspaper

scholarly journals A dynamic water accounting framework based on marginal resource opportunity cost

2015 ◽  
Vol 19 (3) ◽  
pp. 1457-1467 ◽  
Author(s):  
A. Tilmant ◽  
G. Marques ◽  
Y. Mohamed
Keyword(s):  
River Basin ◽  
Value Chain ◽  
Economic Value ◽  
River System ◽  
River Basins ◽  
Management Decision ◽  
Water Fluxes ◽  
Management Actions ◽  
Water Users ◽  
Water Accounting

Abstract. Many river basins throughout the world are increasingly under pressure as water demands keep rising due to population growth, industrialization, urbanization and rising living standards. In the past, the typical answer to meet those demands focused on the supply side and involved the construction of hydraulic infrastructures to capture more water from surface water bodies and from aquifers. As river basins have become more and more developed, downstream water users and ecosystems have become increasingly dependent on the management actions taken by upstream users. The increased interconnectedness between water users, aquatic ecosystems and the built environment is further compounded by climate change and its impact on the water cycle. Those pressures mean that it has become increasingly important to measure and account for changes in water fluxes and their corresponding economic value as they progress throughout the river system. Such basin water accounting should provide policy makers with important information regarding the relative contribution of each water user, infrastructure and management decision to the overall economic value of the river basin. This paper presents a dynamic water accounting approach whereby the entire river basin is considered as a value chain with multiple services including production and storage. Water users and reservoir operators are considered as economic agents who can exchange water with their hydraulic neighbors at a price corresponding to the marginal value of water. Effective water accounting is made possible by keeping track of all water fluxes and their corresponding hypothetical transactions using the results of a hydro-economic model. The proposed approach is illustrated with the Eastern Nile River basin in Africa.

Information and Communication Technology in Singapore

2011 ◽  
pp. 293-311
Author(s):  
Leo Tan Wee Hin ◽  
R. Subramaniam
Keyword(s):  
Developing Countries ◽  
Information And Communication Technologies ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Value Chain ◽  
Socioeconomic Development ◽  
Economic Value ◽  
Communication Technologies ◽  
Information And Communication

Information and Communication Technologies (ICT) hold great potential for promoting socioeconomic development in many developing countries. ICT has not significantly percolated down the economic value chain in these countries for various reasons. The example of Singapore is used to show how governments can make a difference in entrenching a vibrant ICT sector through appropriate policies, programs, and other intervention instruments. It is suggested that aspects of the Singapore experience would be useful for other developing countries.

Possibilities, Limitations, and the Future of Audiovisual Content Protection

2008 ◽  
pp. 1707-1748
Author(s):  
Martin Schmucker
Keyword(s):  
Value Chain ◽  
Music Industry ◽  
Digital Rights Management ◽  
Basic Knowledge ◽  
Digital Music ◽  
Content Protection ◽  
Digital Rights ◽  
Industry Value Chain ◽  
Rights Management ◽  
Basic Concepts

This chapter explains the fundamental principles of audiovisual content protection. It explains the basic knowledge that is needed to understand the fundamentals of digital rights management (DRM) systems and their problems. Starting with a general introduction about copyright and content protection, available protection technologies are described and analyzed. The basic concepts of DRM solutions are explained and problems discussed. Potentials and practical limitations are analysed based on the digital music industry value chain. An outlook is given on solutions that are under development and that stronger consider the needs of the customers. In the conclusion, future solutions are discussed.

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