Risk Perception of Rural Land Supply Reform in China: From the Perspective of Stakeholders

The reform of rural land supply market has a profound impact on the rural management and agricultural development. In this article, we want to explore risk perception of multi-subject land supply reform in China. The perception of potential risks from the perspective of stakeholders can evaluate the...

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Main Authors: Zhongqiong Qu, Yongxin Wei, Xun Li
Format: Article
Language:English
Published: MDPI AG 2021-07-01
Series:Agriculture
Subjects:
Online Access:https://www.mdpi.com/2077-0472/11/7/646
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author Zhongqiong Qu
Yongxin Wei
Xun Li
author_facet Zhongqiong Qu
Yongxin Wei
Xun Li
author_sort Zhongqiong Qu
collection DOAJ
description The reform of rural land supply market has a profound impact on the rural management and agricultural development. In this article, we want to explore risk perception of multi-subject land supply reform in China. The perception of potential risks from the perspective of stakeholders can evaluate the effect of a certain behavioral decision and provide a convincing explanation for further risk control. Based on theoretical analysis and practical investigation, we define the five stakeholders, namely collective economic organizations, farmers, local government, banks and land users, as the respondents of our questionnaire survey. Through in-depth interviews and literature review, we obtained the categories of risks with stakeholders. Data were obtained through questionnaire survey, a total of 307 surveys were conducted to analyze the probability of risk occurrence and the severity of consequences. Frequency analysis, risk matrix method, and Borda count method were used to analyze the survey results in order to determine the risk level and key risk. The research finds that the information asymmetry risk perceived by farmers and the market risk perceived by banks are key risks. In terms of stakeholders, famers and banks perceived the highest overall risks. It implies that the information-disadvantaged stakeholder is usually the one with a strong sense of risk.
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spelling doaj.art-d9afdb54824c4a159a152bb55c80a5e62023-11-22T02:56:57ZengMDPI AGAgriculture2077-04722021-07-0111764610.3390/agriculture11070646Risk Perception of Rural Land Supply Reform in China: From the Perspective of StakeholdersZhongqiong Qu0Yongxin Wei1Xun Li2College of Public Administration, Nanjing Agricultural University, Nanjing 210095, ChinaCollege of Public Administration, Nanjing Agricultural University, Nanjing 210095, ChinaCollege of Public Administration, Nanjing Agricultural University, Nanjing 210095, ChinaThe reform of rural land supply market has a profound impact on the rural management and agricultural development. In this article, we want to explore risk perception of multi-subject land supply reform in China. The perception of potential risks from the perspective of stakeholders can evaluate the effect of a certain behavioral decision and provide a convincing explanation for further risk control. Based on theoretical analysis and practical investigation, we define the five stakeholders, namely collective economic organizations, farmers, local government, banks and land users, as the respondents of our questionnaire survey. Through in-depth interviews and literature review, we obtained the categories of risks with stakeholders. Data were obtained through questionnaire survey, a total of 307 surveys were conducted to analyze the probability of risk occurrence and the severity of consequences. Frequency analysis, risk matrix method, and Borda count method were used to analyze the survey results in order to determine the risk level and key risk. The research finds that the information asymmetry risk perceived by farmers and the market risk perceived by banks are key risks. In terms of stakeholders, famers and banks perceived the highest overall risks. It implies that the information-disadvantaged stakeholder is usually the one with a strong sense of risk.https://www.mdpi.com/2077-0472/11/7/646multi-subject land supply policyrisk perceptionstakeholdersWujin district in Jiangsu Province
spellingShingle Zhongqiong Qu
Yongxin Wei
Xun Li
Risk Perception of Rural Land Supply Reform in China: From the Perspective of Stakeholders
Agriculture
multi-subject land supply policy
risk perception
stakeholders
Wujin district in Jiangsu Province
title Risk Perception of Rural Land Supply Reform in China: From the Perspective of Stakeholders
title_full Risk Perception of Rural Land Supply Reform in China: From the Perspective of Stakeholders
title_fullStr Risk Perception of Rural Land Supply Reform in China: From the Perspective of Stakeholders
title_full_unstemmed Risk Perception of Rural Land Supply Reform in China: From the Perspective of Stakeholders
title_short Risk Perception of Rural Land Supply Reform in China: From the Perspective of Stakeholders
title_sort risk perception of rural land supply reform in china from the perspective of stakeholders
topic multi-subject land supply policy
risk perception
stakeholders
Wujin district in Jiangsu Province
url https://www.mdpi.com/2077-0472/11/7/646
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AT yongxinwei riskperceptionofrurallandsupplyreforminchinafromtheperspectiveofstakeholders
AT xunli riskperceptionofrurallandsupplyreforminchinafromtheperspectiveofstakeholders