Institution and land transfer contract stability: Evidence from Jiangxi, Jiangsu and Liaoning provinces in rural China

IF 7.4 2区 经济学 Q1 BUSINESS, FINANCE
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Abstract

Stable transfer contracts are essential for the development of the land market. This analysis investigates the impacts of different institutions and their interactive effects on the stability of land transfer contracts in rural China. Based on a survey dataset of 833 farmers from three provinces, we demonstrate that tenure institutions have a significantly positive effect and that informal social relationships have a significantly negative effect. Additionally, rules that are relevant to village self-governance strengthen the effect of formal tenure institutions and weaken the effect of social relationships. This finding indicates that complementary and substitute interactive effects exist between these two groups of institutions.

制度与土地流转合同的稳定性:来自中国江西、江苏和辽宁三省农村的证据
稳定的流转合同对土地市场的发展至关重要。本文分析了不同制度及其交互作用对中国农村土地流转合同稳定性的影响。基于三个省份 833 位农民的调查数据集,我们证明了权属制度具有显著的正向影响,而非正式社会关系具有显著的负向影响。此外,与村民自治相关的规则加强了正式权属制度的效果,削弱了社会关系的效果。这一发现表明,这两类制度之间存在互补和替代的互动效应。
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来源期刊
Finance Research Letters
Finance Research Letters BUSINESS, FINANCE-
CiteScore
11.10
自引率
14.40%
发文量
863
期刊介绍: Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance
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