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The Role of U.S. Timberland in Real Estate Portfolios
5 references·2 citing·19 second hop
The Role of U.S. Timberland in Real Estate Portfolios (2009)The Role of U.S. Timberland in Real Estat…Timber as an Institutional Investment (2005)Timber as an Institutional In…Efficient Combinations of Timber and Financial Market Investments in Single-Period and Multiperiod Portfolios (1991)Efficient Combinations of Tim…Commercial Forestland in the Pension Portfolio: The Biological Beta (1989)Commercial Forestland in the …Portfolio Risk and Returns from Timber Asset Investments (1988)Portfolio Risk and Returns fr…Investment in Forest Land: Aspects of Risk and Diversification (1982)Investment in Forest Land: As…The Endowment Model and Modern Portfolio Theory (2023)The Endowment Model and Moder…Assessing the role of U.S. timberland assets in a mixed portfolio under the mean-conditional value at risk framework (2014)Assessing the role of U.S. ti…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Equilibrium in a Capital Asset Market (1966)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Informational Efficiency of Markets for Stumpage (1990)Assessing the Financial Performance of Forestry‐Related Investment Vehicles: Capital Asset Pricing Model vs. Arbitrage Pricing Theory (2001)Volatility persistence in metal returns: A FIGARCH approach (2012)Portfolio Theory and Capital Markets. (1972)Optimal rules for ordering uncertain prospects (1975)Approximating Expected Utility by a Function of Mean and Variance (1979)Utilising portfolio theory in environmental research – New perspectives and considerations (2018)Timberland investments in the United States: A review and prospects (2019)PORTFOLIO SELECTION* (1952)Coherent Measures of Risk (1999)Optimization of conditional value-at-risk (2000)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Optimum consumption and portfolio rules in a continuous-time model (1971)Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework (1989)The Socio-Economic Impacts of Waqf Investment Funds as a Model for Sustainable Financing in Saudi Arabia (2025)Does Money Grow on Trees? The Diversification Properties of U.S. Timberland Investments (2010)
this work references cited by second hop

References

  • 1988Portfolio Risk and Returns from Timber Asset Investments84 cited
  • 1982Investment in Forest Land: Aspects of Risk and Diversification66 cited
  • 1991Efficient Combinations of Timber and Financial Market Investments in Single-Period and Multiperiod Portfolios44 cited
  • 2005Timber as an Institutional Investment32 cited
  • 1989Commercial Forestland in the Pension Portfolio: The Biological Beta26 cited

Cited by

  • 2014Assessing the role of U.S. timberland assets in a mixed portfolio under the mean-conditional value at risk framework34 cited
  • 2023The Endowment Model and Modern Portfolio Theory32 cited

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