Forestry and wood sector and profitability development in the wood-processing industry of the Czech Republic

V. Kupčák and Z. Šmída
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V. Kupčák: Department of Forestry Economics and Management, Faculty of Forestry and Wood Sciences, Czech University of Life Sciences Prague, Czech Republic
Z. Šmída: Department of Forestry Economics and Management, Faculty of Forestry and Wood Sciences, Czech University of Life Sciences Prague, Czech Republic

Journal of Forest Science, 2015, vol. 61, issue 6, 244-249

Abstract: Economic viability of sustainable forest management has been included in particular forestry strategic documents since 2003. In these documents, it is stated, among other things, that economic viability is a key pillar of sustainable forest management and is of conclusive significance in preserving forests and their multiple benefits for the society. At the same time - the economic viability of sustainable forest management depends essentially on wood-producing functions of forestry. The paper aims at an identification of this key concept and at a situation analysis of economic viability under current conditions of the forestry and wood sector in the Czech Republic with a special focus on the wood-processing industry as part of the forestry and wood sector using a financial analysis.

Keywords: economic viability of sustainable forest management; forestry-wood sector; sawmilling; profitability; profitability indicators (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:caa:jnljfs:v:61:y:2015:i:6:id:113-2014-jfs

DOI: 10.17221/113/2014-JFS

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