Financial Results of Selection Forest Enterprises with High Proportions of Valuable Timber – Results of an Empirical Study and their Application

Abstract

In order to analyse the financial consequences of a high proportion of selection forest and valuable timber, we compare private and communal forests with those run by the state. Enterprises run on a selection forest system clearly show more favourable economic indices which are a consequence of the high proportion of valuable timber harvested each year.The results are interpreted in a manner that creates an instrument to help managers of forest companies to make decisions. Preference is given to a «benchmarking» approach over a comparative economic approach between even-aged forests and selection forests.