Identification of financial risk crucial for sustainable forest management.
The article discusses the importance of identifying different types of risks, including financial risk, in managing forest economic units. The researchers used methods from finance, economics, and forestry to show that identifying financial risk in forestry is complex due to environmental factors affecting economic operations. They found three main types of risks (catastrophic, operating, financial) that overlap. Historical data analysis is crucial in managing risks, and the impacts of taking risks can be both economic and social.