Resources Science ›› 2020, Vol. 42 ›› Issue (7): 1361-1371.doi: 10.18402/resci.2020.07.12
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ZHANG Nan1,2(), YANG Hongqiang1,2,3(
)
Received:
2019-11-08
Revised:
2020-04-11
Online:
2020-07-25
Published:
2020-09-25
Contact:
YANG Hongqiang
E-mail:nanzhang@njfu.edu.cn;yhqnfu@aliyun.com
ZHANG Nan, YANG Hongqiang. Property rights change and management organization of timberland investment in European and North American countries[J].Resources Science, 2020, 42(7): 1361-1371.
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Table 1
Comparison between representative organizations of U.S. timberland investment (TIMOs and REITs)"
TIMOs | REITs | 参考文献 | |
---|---|---|---|
主要目的 | 投资收入 | 投资收入 税收规避 | Lars L?nnstedt等[ Bin Mei[ |
资产属性 | 私募股权资产 | 私募股权资产 上市公司 | Daowei Zhang等[ Piao等[ |
资本要求 | 需要巨额初始资本 | 不需要巨额初 始资本 | Lars L?nnstedt等[ Le La等[ |
林地归属 | 不直接持有林地 | 直接持有林地 | Bob Flynn[ Bin Mei[ |
管理受托 | 中介性质机构,架构灵活 | 独立法人实体,架构完善 | 王桂华等[ Yang Wan等[ |
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