scholarly journals Preliminary Results from a Structural Conversion Thinning Trial in Eastern Canada

2020 ◽  
Vol 118 (5) ◽  
pp. 515-533
Author(s):  
Laurie Dupont-Leduc ◽  
Robert Schneider ◽  
Luc Sirois
Keyword(s):  
Picea Glauca ◽  
Stand Structure ◽  
Abies Balsamea ◽  
High Growth ◽  
Poor Quality ◽  
Growth Potential ◽  
Eastern Canada ◽  
Structural Conversion ◽  
Naturally Regenerated Stands ◽  
Regional Forest

Abstract In 2008, a thinning trial consisting in the removal of competitors around high growth potential stems (crop trees, CTs) was initiated as the first step of a structural conversion to transform even-aged stands into uneven-aged stands. Two intensities of thinning by CT release and thinning from below were tested in white spruce (Picea glauca [Moench] Voss) plantations and in balsam fir (Abies balsamea [L.] Mill)—dominated naturally regenerated stands. Unlike thinning from below, which aims to remove poor quality stems to improve the growth of residual trees, thinning by CT release aims to reduce competition between dominant trees. Trees thinned by CT release showed a significantly higher diameter at breast height increment than those in the control plots. CT release did not significantly increase stand structure, nor did it reduce stand growth, which helps to address the concerns of regional forest stakeholders. CT release may offer other benefits in the long term, but subsequent interventions are necessary to evaluate if this treatment meets the desired objectives.

Spatially explicit modeling of PAR transmission and growth of Picea glauca and Abies balsamea in the boreal forests of Alberta and Quebec

2005 ◽  
Vol 35 (1) ◽  
pp. 1-12 ◽  
Author(s):  
Kenneth J Stadt ◽  
Victor J Lieffers ◽  
Ronald J Hall ◽  
Christian Messier
Keyword(s):  
Picea Glauca ◽  
Boreal Forests ◽  
Abies Balsamea ◽  
Height Growth ◽  
Growth Potential ◽  
Aerial Photographs ◽  
Spatially Explicit ◽  
Maximum Height ◽  
Eastern Canada ◽  
Functional Relationships

To investigate the feasibility of a spatially explicit, radiation-based regeneration model for the boreal forest, we tested the predictions of a three-dimensional simulator of photosynthetically active radiation transmission (%PAR), MIXLIGHT, and the growth response of understory Abies balsamea (L.) Mill. (balsam fir) and Picea glauca (Moench) Voss (white spruce) to %PAR in two large (>1 ha) mixed-species forest sites, one in eastern Canada at Lac Duparquet, Quebec, and one in western Canada at Calling Lake, Alberta. Overstory tree locations and dimensions were obtained from aerial photographs or ground measurements and allometric relationships. Seasonal %PAR calculated by MIXLIGHT for the Calling Lake site was very similar to seasonal %PAR measured by quantum sensors (n = 5, %PAR range = 15%–33%, r = 0.93). Daily measurements of %PAR were also predicted well by simulations at both sites (n = 34–36, %PAR range = 1%–45%, r ≥ 0.76). Functional relationships, designed to saturate at the maximum height growth potential of these sites, were developed to predict sapling height growth from simulated seasonal %PAR and initial height (R2 ≥ 0.74). These results demonstrate the potential of the MIXLIGHT simulator for estimating PAR at microsites within heterogeneous forests and for modeling understory tree growth.

scholarly journals Population Differentiation and Climatic Adaptation for Growth Potential of White Spruce (Picea glauca) in Alberta, Canada

2010 ◽  
Vol 59 (1-6) ◽  
pp. 158-169 ◽  
Author(s):  
Deogratias M. Rweyongeza ◽  
L. K. Barnhardt ◽  
N. K. Dhir ◽  
C. Hansen
Keyword(s):  
Picea Glauca ◽  
Time Series Data ◽  
Principal Component ◽  
High Growth ◽  
White Spruce ◽  
Growth Potential ◽  
Tree Age ◽  
Series Data ◽  
Climatic Index ◽  
Different Ages

AbstractGenetic differentiation among white spruce populations in Alberta, Canada, was studied using time series data of height and diameter and a climatic index developed by principal component analysis. The objectives were to discern patterns of variation for growth potential and predicted optimum climate; compare optimum climate between populations, between height and diameter at the same age and between height or diameter at different ages; and to see if optimum climate differed from the climate inhabited by populations. Using cluster analysis we found that: (1) populations from mid-latitudes (54° - 57°N) and mid-elevations (600 - 800 m) were grouped together and exhibited high growth potential; populations from north of 57°N were grouped with those from elevations higher than 900m in the Rocky Mountains and exhibited low growth potential; and (2) With minor exceptions, populations from similar climates or geography were grouped together in terms of predicted optimum climate. (3) Analysis of variance showed that optimum climate differed significantly (P < 0.05) among populations; among heights at different ages; among diameters at different ages and between height and diameter at the same ages. However, there was no consistent trend in the direction of change in optimum climate with tree age. (4) The range of climate inhabited by the populations (PI₁= -5.792 to 4.483) was much wider than the range of their predicted optimum climate (P̂Ō₁= -1.001 to 0.842), which suggests that in terms of growth potential some populations inhabit sub-optimal climates. Implications of the results on management of white spruce in Alberta are discussed.

Explaining the Growth Potential of a Market Leader and Challenger: Evidence from Japan’s Telecommunications Services Industry

2021 ◽  
pp. 227853372198952
Author(s):  
Mostafa Saidur Rahim Khan ◽  
Naheed Rabbani
Keyword(s):  
High Growth ◽  
Growth Potential ◽  
Book Value ◽  
Good Investment ◽  
Growth Firms ◽  
Price Earnings Ratio ◽  
Equity Ratio ◽  
Market Leader ◽  
Services Industry ◽  
Telecommunications Services

This study examines the growth potential of the market leader and market challenger in Japan’s telecommunications services industry. We focus on Nippon Telegraph and Telephone Corporation (NTT) and KDDI, the market leader and challenger (respectively) in terms of sales revenue, total assets, and market share. Following finance literatures, we use higher values of price–earnings ratio (P/E) and market-to-book-value-of-equity ratio (MV/BV) as the indicators of growth potential. High growth firms have the potential to outperform the overall market over a significant period of time providing a good investment opportunity for retail and institutional investors. This study uses financial data of the NTT and KDDI from the period between 2001 and 2016 and applies several regression models to examine the growth potential of the market leader and market challenger in Japan’s telecommunications services industry. Using the P/E and MV/BV as indicators of growth potential, we show that the market challenger’s growth potential is significantly higher than that of the market leader, even after controlling for firm size, liquidity, profitability, leverage, cash flow, and age.

Cross-Border M&A Deals between CIS and Persian Gulf Countries

2015 ◽  
pp. 28-34
Author(s):  
A. Nagimova
Keyword(s):  
Persian Gulf ◽  
Joint Venture ◽  
High Growth ◽  
Growth Potential ◽  
Abu Dhabi ◽  
Investment Fund ◽  
Cross Border ◽  
Gulf Countries ◽  
Agriculture Industry ◽  
Good Potential

The article analyses cross-border mergers and acquisition deals (M&A-deals) between the CIS and Persian Gulf countries in the period from 1990 till the present day. The author defines distinctive features, number, value, status and transparency of such M&A-deals, estimates average deal value and volume of the largest M&A-deals. In addition, the author shows country, industry and type breakdown of M&A-deals. Then the author reviews the main cross-border M&A-deals by industries. In the financial sector the biggest M&A-deal is between the Ministry of finance of Abu-Dhabi and the Russian direct investment fund (RDIF), the two main players from the CIS side are RDIF and VTB. Then the author analyses M&A-deals in extractive sector, and defines the biggest project which is joint venture of LUKoil in Saudi Arabia. In the production sector Russian metallurgical companies are the main investors. In the transport and infrastructure sphere the biggest project is the building of international transit corridor between Uzbekistan, Turkmenistan, Iran and Oman. The main investor in port sector of CIS is DP World from UAE. The author defines the sectors with high growth potential of cross-border M&A-activity. These are energy, agriculture, construction and tourism. The most significant deals in these sectors are the acquisition of Russian Enel OGK-5 by Emirates investors, building of Abu Dhabi Plaza in Astana (Kazakhstan) with the highest tower in the whole Central Asia and Russian-Emirates partnership for the building of satellite city in Moscow region. As far as Persian Gulf countries are the largest foodstuff importers in the world the potential of M&A-deals in agriculture industry and prospects for CIS grain exporters are also high. In conclusion, the author resumes that the trend in the number of cross-border M&A-deals is positive and that a good potential for development of investment cooperation between countries exists.

scholarly journals Social Challenges of the Digital Economy: Russia in a Global Context

2021 ◽  
Vol 65 (9) ◽  
pp. 14-24
Author(s):  
E. Sadovaya
Keyword(s):  
Global Economy ◽  
Technological Development ◽  
High Growth ◽  
World Order ◽  
Digital Economy ◽  
Digital Transformation ◽  
Growth Potential ◽  
Raw Material ◽  
Soviet Period ◽  
Labor Resources

The subject of the research is the challenges of the digital economy for the employment sector in Russia. The need to reduce costs in the face of a deteriorating situation in the global economy is a factor in accelerating the digital transformation of employment in the country. The transformation is carried out through the automation of the main business processes, as well as through the development of platform employment formats. Specific features of the process of digital transformation of employment form the shape of the development of the Russian labor market in the post- Soviet period. Its main factor was the country’s entry into the global system of division of labor, which led to the formation of the modern structure of employment. The economy of Russia, recognized as raw material, turned out to be “commercial” in terms of employment, since it was this industry that created the bulk of jobs during that period. The commerce sector, which had high growth potential in the early 1990s in Russia, provided jobs for all those labor resources that were released from the industry. However, at the moment this source has been exhausted. Digitalization threatens the most labor-intensive sectors of the Russian economy. Commerce turns out to be the first industry to undergo automation and digitalization of jobs. At the same time, the most massive professions (accountants, bank employees, HR specialists, salesmen, cashiers, couriers, security guards, secretaries, packers, call center workers, drivers) are under the threat of “disappearance”, while new ones in demand by the market are more likely “unique” and they are mostly associated with robotization, digitalization and biotechnology. The unmet demand for these professions is a reflection of the complexities of training highly qualified interdisciplinary specialists and not a physical shortage of labor resources, and this is a serious challenge for the vocational education system. The study aims to gain a deeper understanding of the processes taking place in the social and labor sphere in Russia, to create a conceptual basis for the development of a socio-economic policy of the state that adequately responds to the challenges of the digitalization of the economy. Acknowledgements. The article was prepared within the project “Post-crisis world order: challenges and technologies, competition and cooperation” supported by the grant from Ministry of Science and Higher Education of the Russian Federation program for research projects in priority areas of scientific and technological development (Agreement № 075-15-2020-783).

DESIGN AND VALUATION OF CORPORATE SECURITIES WITH STRATEGIC DEBT SERVICE AND ASYMMETRIC INFORMATION

1999 ◽  
Vol 02 (02) ◽  
pp. 201-219 ◽  
Author(s):  
YONGHUA PAN
Keyword(s):  
Asymmetric Information ◽  
Information Asymmetry ◽  
Risk Premium ◽  
High Growth ◽  
Cash Flows ◽  
Debt Service ◽  
Growth Potential ◽  
Unified Framework ◽  
Financing Decisions ◽  
Corporate Securities

This paper studies the effects of strategic debt service, asymmetric information and their interaction on the valuation of corporate securities and on corporate financing decisions. By introducing information asymmetry into a continuous-time setting, our model is able to integrate these two factors in a unified framework. Such a model allows for obtaining valuation results in a separating equilibrium. The basic results of this paper imply that the risk premium of debt could be partly contributed by information effect. This part of risk premium could be very significant for those good firms with a project which will produce much higher cash flows than what the market expects. We also find that a firm's financing decision depends on its primitives: firms are more apt to rely on equity if they have: (1) high growth potential, (2) riskier projects, (3) higher ratio of intangible assets to total assets and (4) lesser information asymmetry; firms would prefer debt, otherwise.

scholarly journals The condition of forest stands on afforested agricultural land in the Orlické hory Mts

2017 ◽  
Vol 63 (No. 1) ◽  
pp. 1-8 ◽  
Author(s):  
Cukor Jan ◽  
Baláš Martin ◽  
Kupka Ivo ◽  
Tužinský Marek
Keyword(s):  
Agricultural Land ◽  
High Growth ◽  
Dry Mass ◽  
Growth Potential ◽  
Forest Stands ◽  
Tree Biomass ◽  
Humus Layer ◽  
The Status ◽  
Spruce Stands ◽  
High Growth Potential

The paper presents an evaluation of the growth of newly established forest stands on former agricultural land and furthermore describes the state of the upper part of the soils in these stands in comparison with neighbouring grassland in the Orlické hory Mountains. The new Norway spruce stands show an extremely high growth potential, usually significantly higher in comparison with areas forested for more generations/rotations. The formation of the surface humus layer also showed fast progress, the amount of dry mass of soil organic matter reaching values almost typical of permanently forested sites. The soils of newly afforested lands tend to resemble the status of forest soil – there was observed a process of acidification and nutrient depletion, probably connected with accumulation of the tree biomass.

Sign in / Sign up

Export Citation Format

Share Document