Risk preference, interlinked credit and insurance contract and agricultural innovative technology adoption
This paper explores the impact of risk preference as well as interlinked credit and insurance contract on peasants’ new technology adoption. The results show that (1) risk preference has a significant impact on peasants’ adoption of innovative seeds, and the influence of exact probabilistic risk pre...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-01-01
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| Series: | Journal of Innovation & Knowledge |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2444569X22001172 |
| _version_ | 1811165395068911616 |
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| author | Haixia Wu Jianping Li |
| author_facet | Haixia Wu Jianping Li |
| author_sort | Haixia Wu |
| collection | DOAJ |
| description | This paper explores the impact of risk preference as well as interlinked credit and insurance contract on peasants’ new technology adoption. The results show that (1) risk preference has a significant impact on peasants’ adoption of innovative seeds, and the influence of exact probabilistic risk preference on peasants’ adoption of innovative seeds is greater than that of ambiguous probabilistic risk preference. (2) Interlinked credit and insurance contract has a significant positive impact on peasants’ adoption of innovative seeds, and interlinked credit and insurance contract plays a moderating role in promoting peasants’ adoption of innovative seeds. (3) Peasants’ education level, the degree of land fragmentation, the proportion of grain cultivation in the household-cultivated land, whether to provide meteorological disaster warning services, and the distance to financial services also have a significant impact on peasants’ adoption of innovative seeds. This interplay between collateral and the nature of credit-insurance interlinkage has direct and important implications for the design of programs to boost the adoption of innovative agricultural technologies simultaneously, and sheds light upon how the government can formulate relevant policies to promote innovative technological development. |
| first_indexed | 2024-04-10T15:36:30Z |
| format | Article |
| id | doaj.art-4ce1884829b345a591f3817def4f2bf7 |
| institution | Directory Open Access Journal |
| issn | 2444-569X |
| language | English |
| last_indexed | 2024-04-10T15:36:30Z |
| publishDate | 2023-01-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Journal of Innovation & Knowledge |
| spelling | doaj.art-4ce1884829b345a591f3817def4f2bf72023-02-13T04:07:15ZengElsevierJournal of Innovation & Knowledge2444-569X2023-01-0181100282Risk preference, interlinked credit and insurance contract and agricultural innovative technology adoptionHaixia Wu0Jianping Li1Institute of Agricultural Resources and Regional Planning, Chinese Academy of Agricultural Sciences, Beijing 100081, ChinaCorresponding author.; Institute of Agricultural Resources and Regional Planning, Chinese Academy of Agricultural Sciences, Beijing 100081, ChinaThis paper explores the impact of risk preference as well as interlinked credit and insurance contract on peasants’ new technology adoption. The results show that (1) risk preference has a significant impact on peasants’ adoption of innovative seeds, and the influence of exact probabilistic risk preference on peasants’ adoption of innovative seeds is greater than that of ambiguous probabilistic risk preference. (2) Interlinked credit and insurance contract has a significant positive impact on peasants’ adoption of innovative seeds, and interlinked credit and insurance contract plays a moderating role in promoting peasants’ adoption of innovative seeds. (3) Peasants’ education level, the degree of land fragmentation, the proportion of grain cultivation in the household-cultivated land, whether to provide meteorological disaster warning services, and the distance to financial services also have a significant impact on peasants’ adoption of innovative seeds. This interplay between collateral and the nature of credit-insurance interlinkage has direct and important implications for the design of programs to boost the adoption of innovative agricultural technologies simultaneously, and sheds light upon how the government can formulate relevant policies to promote innovative technological development.http://www.sciencedirect.com/science/article/pii/S2444569X22001172Interlinked index insurance and credit contractRisk preferenceTechnological adoptionChina |
| spellingShingle | Haixia Wu Jianping Li Risk preference, interlinked credit and insurance contract and agricultural innovative technology adoption Journal of Innovation & Knowledge Interlinked index insurance and credit contract Risk preference Technological adoption China |
| title | Risk preference, interlinked credit and insurance contract and agricultural innovative technology adoption |
| title_full | Risk preference, interlinked credit and insurance contract and agricultural innovative technology adoption |
| title_fullStr | Risk preference, interlinked credit and insurance contract and agricultural innovative technology adoption |
| title_full_unstemmed | Risk preference, interlinked credit and insurance contract and agricultural innovative technology adoption |
| title_short | Risk preference, interlinked credit and insurance contract and agricultural innovative technology adoption |
| title_sort | risk preference interlinked credit and insurance contract and agricultural innovative technology adoption |
| topic | Interlinked index insurance and credit contract Risk preference Technological adoption China |
| url | http://www.sciencedirect.com/science/article/pii/S2444569X22001172 |
| work_keys_str_mv | AT haixiawu riskpreferenceinterlinkedcreditandinsurancecontractandagriculturalinnovativetechnologyadoption AT jianpingli riskpreferenceinterlinkedcreditandinsurancecontractandagriculturalinnovativetechnologyadoption |