1. A dummy variable is used to distinguish vari-
ous company types, with 1 for companies
whose stock is publicly traded. This dummy
variable serves the purpose of categorizing
companies to indicate a company attribute.
2. The level of harvest available to a forest
company in any given year, its AAC, is repre-
sented by a dummy variable, with 1 used to
represent an AAC exceeding 500 000 m
3
. The
choice of 500 000 m
3
as the benchmark is
because it is that level of AAC that tends to
separate small forest companies from the
large ones, based on our knowledge of the
actual situation in BC. Our survey results