TY - JOUR
T1 - Environmental, developmental and financial risks of tropical timber plantation investment funds
AU - Scholtens, L. J.R.
PY - 1998/1/1
Y1 - 1998/1/1
N2 - This paper examines economic development and the environment within a market-based approach through financial instruments that incorporate a considerable array of risks. It investigates how financial markets combine finance and sustainable development by analyzing investment funds participating in tropical forest plantations. thjese funds project high expected returns and carry huge financial risks, especially country reisk, price risk, and credit risk. Environmental and developmental risks do not appear to be very large, as most plantations are established on former farmland and as the quantitative impact of the plantations seems limited.
AB - This paper examines economic development and the environment within a market-based approach through financial instruments that incorporate a considerable array of risks. It investigates how financial markets combine finance and sustainable development by analyzing investment funds participating in tropical forest plantations. thjese funds project high expected returns and carry huge financial risks, especially country reisk, price risk, and credit risk. Environmental and developmental risks do not appear to be very large, as most plantations are established on former farmland and as the quantitative impact of the plantations seems limited.
UR - http://www.scopus.com/inward/record.url?scp=0032412994&partnerID=8YFLogxK
U2 - 10.1111/j.1477-8947.1998.tb00737.x
DO - 10.1111/j.1477-8947.1998.tb00737.x
M3 - Article
AN - SCOPUS:0032412994
SN - 0165-0203
VL - 22
SP - 271
EP - 277
JO - Natural Resources Forum
JF - Natural Resources Forum
IS - 4
ER -
