Sun, Changyou; Zhang, Daowei - In: American Journal of Agricultural Economics 83 (2001) 3, pp. 617-628
Capital asset pricing model (CAPM) and arbitrage pricing theory (APT) are used to assess the financial performance of eight forestry-related investment vehicles. Although results from APT support previous findings from CAPM about timberland investments, three bodies of evidence show that APT...
