Liang, G.; Zhang, Z.; Wu, P.; Zhang, Z.; Shao, X. Analysis of Business Risk Measurement and Factors Influencing Plantation-Based Farming Cooperatives: Evidence from Guizhou Province, China. Sustainability2024, 16, 2194.
Liang, G.; Zhang, Z.; Wu, P.; Zhang, Z.; Shao, X. Analysis of Business Risk Measurement and Factors Influencing Plantation-Based Farming Cooperatives: Evidence from Guizhou Province, China. Sustainability 2024, 16, 2194.
Liang, G.; Zhang, Z.; Wu, P.; Zhang, Z.; Shao, X. Analysis of Business Risk Measurement and Factors Influencing Plantation-Based Farming Cooperatives: Evidence from Guizhou Province, China. Sustainability2024, 16, 2194.
Liang, G.; Zhang, Z.; Wu, P.; Zhang, Z.; Shao, X. Analysis of Business Risk Measurement and Factors Influencing Plantation-Based Farming Cooperatives: Evidence from Guizhou Province, China. Sustainability 2024, 16, 2194.
Abstract
Plantation-based farmer cooperatives play an important role in promoting agricultural modernization and increasing farmer income, and the management of business risks of such cooperatives not only influences the development of the cooperatives themselves, but also concerns the interests of farmers. Based on the survey data of 226 sample cooperatives from Guizhou province, this article uses factor analysis to measure business risks of plantation-based farmer cooperatives and carries out empirical tests on influence factors of business risks through structural equation model. According to the research results, the ordering of business risks of plantation-based farmer cooperative based on their significance is as follows: market risk > policy risk > natural risk > technical risk > management risk. Influence factors including policy environment, economic environment, social service environment, technical environment, resource endowment of the cooperative and manager characteristics have significant positive influence on the cooperative, with economic environment and manager characteristics generating relatively stronger influence and social service environment generating relatively weaker influence. Through this research, several policy implications on driving high-quality development of plantation-based farmer cooperative are made, including specifying supportive policies of plantation-based farmer cooperative, improving economic environment of agricultural market, upgrading agricultural infrastructure, depending reform of land transfer system, and enhancing internal management of the cooperative.
Keywords
Plantation-based farmer cooperative; business risk; influence factor; structural equation model
Subject
Business, Economics and Management, Other
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
