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Study On Relationship Between Forestry Industry And Capital Marke

Posted on:2010-07-25Degree:DoctorType:Dissertation
Country:ChinaCandidate:Y ZhangFull Text:PDF
GTID:1119360275467360Subject:Forestry Economics and Management
Abstract/Summary:PDF Full Text Request
The process of forestry industry's development is full of forestry companies' turning up and development,and forestry industrialization's advancement.There are many difficulties of forestry industrialization in china presently;The most crucial one is the difficulty of financing.So,how to promote forestry industrialization by using capital market is becoming more and more important.So, depending on capital market to develop Forestry companies,speed up the progress of forestry industrialization is a must to develop forestry industry and capital market.As we known,there are two series of forest in china today:They are commonweal forest and commodity forest.Commonweal forest is to protect and improve living environment,maintain ecological balance,preserve species,do scientific experiment,forestry tour and territory security; Commodity forest offer timber and other outputs from forestry and get the economical value of forestry for the development of forestry industry.Presently,the state investments invest heavier in commonweal forest than in commodity forest, and the history of state investment for commodity forest is short.The part of the development of commonweal can't represent the whole development of forestry industry.It is necessary to develop commodity forest recently.This article is focus on forestry industry and capital market,to study how to develop forestry industry by using capital market.It begins with the existing problems in the process of forestry industrialization,then based on Modern business theory and capital operation theory to study on three aspects:the development between the forestry industry and capital market,the conditioned factors for the development the forestry industry,and government regulation restriction for the development of the forestry industry and capital market.It can be summarized as four aspects:the first,it must use the capital market to develop the forestry industry;the second,the diversification of the capital market is important for the healthy development of forestry industry;the third,the government play an important role in the process of forestry industry's development;the fourth,because of the present policy and law's impact,there are some limits for the forestry industry to use the capital market.The the study result shows that it is necessary for us to have a deeper understand of the relationship between forestry industy development and the capital market,and we can get an idea that it is good for developing the forestry industry by using capital market to broaden the financing channels,by using the cross-regional resource allocation in capital market.And by using the Commercialization,Monetization and Securitization of the property right for developing major company to enlarge the operation scale, reorganization and to allocate resource from related industry.Through all these channels,we can improve the whole forestry industry to be more large-scale and industrialization.The research has a big meaning for consummate forestry industry's financial investment mechanism,help to improve forestry industry's investment returns and realize the forestry industry's quick and healthy development.
Keywords/Search Tags:forestry industry, capital market, forestry listed company, financing structure
PDF Full Text Request
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