“龙头”企业与农户的合约选择——基于风险和风险态度的解释

Contract Choice between Leading Firms and Farming Households——Interpretation Based on Risk and Risk Attitude

和现有文献基于交易成本理论解释“龙头”企业和农户之间的合约选择不同,本文把农业项目的风险分解为生产风险和市场风险,运用委托———代理理论分析了风险和风险态度对“龙头”企业和农户之间合约选择的影响。分析表明,在不存在机会主义行为或市场风险为零的情况下,“龙头”企业和不同农户之间合约的选择取决于双方对风险的态度和农业项目生产风险的大小。

Different from the current literatures on contract choice between leading firms and households,this paper divides risks of agricultural projects into production risk and market risk,and analyzes the impact of risk and risk attitude on contract choice between leading firms and farming households based on principal-agent theory.Our research implies the contract choice is determined by risk attitude held by the two parties and production risk level without opportunism and market risk.