Assessing the Investment Performance of Swedish Timberland: A Capital Asset Pricing Model Approach
用资本资产定价模型评估瑞典林地过去三十年的投资绩效，发现林地投资具有分散风险潜力、能对冲通胀，且同风险下回报高于其他投资。
<i>This paper evaluates the investment performance of Swedish timberland during the last three decades using the Capital Asset Pricing Model (CAPM). Results suggests that Swedish timberland investments show diversification potential and can serve as a hedge against inflation. Furthermore, the analysis suggests that the return on timberland is higher than on investment alternatives in the same risk class. The results are in line with similar studies performed in other countries.</i>