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《Journal of Hebei University of Economics and Trade》 2005-04
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On Governance Mechanism of the Credit Relationship between Flagship Companies and Farmers

WANG Sheng-li ZHENG Qiang-guo LI Bing-long  
This article conducts a theoretical and case study of the credit relationships between companies and farmers from the perspective of specific assets. The conclusion is that the relationship between companies and farmers shall be managed with appropriate governance mechanism fit for different specific assets so as to enhance the credit level of the two sides. Therefore, the transactions of agricultural products with low degree of specific purposes shall be governed by market; the transaction of those products with high degree of specific purposes shall be governed with a mixed approach. For that of the agricultural products with quite high degree of specific purposes, hierarchical governance will be the best option.
【CateGory Index】: F323.5
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【References】
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1 Zhou Liqun & Cao Liqun (Institute of Economics, Nankai University);Factor Contract is Superior to Commodity Contract[J];Economic Research Journal;2002-01
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1 ;从关系资本理论看战略联盟的伙伴关系管理[J];Finance and Economics;2003-05
2 ZHANG Wei(School of Economics,Renmin University of China,Beijing 100872,China);Information,Commitment and Incentives:Understanding the Effect of Government Policy on Production Incentives in Rural China[J];Journal of Finance and Economics;2007-05
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4 MENG Feng-ping; YIN Yun-song School of Management, Anhui Agricultural University, Hefei 230036; School of Business, University of Science and Technology of China, Hefei 230026;Further Research on the Stability of Commodity Contract between Firms and Farmers[J];Finance and Trade Research;2004-06
5 CAO Li-li(Business School of Zhongnan University of Economics and Law,Wuhan 430073,China);A Comparison Research on Networks Structure of Industrial Cluster[J];China Industrial Economics;2008-08
6 Wan Junyi;The Quasi-vertical Integration,the Governance by Relations and the Performance of Contracts[J];Management World;2008-12
7 WANG Ji-ci, TONG Xin (Department of Urban and Environment Studies, Peking University,Beijing 100871, China);THE RESEARCH AGENDA ON LOCAL CLUSTERS OF ENTERPRISES IN CHINA[J];Economic Geography;2001-05
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10 Liu Fengqin, Xie Shiting (Dongbei University of Finance and Economics;Dalian Naval Academy);Incomplete Contract and the Barrier to Performance:A Case Research on the Farm Produce for Order[J];Economic Research Journal;2003-04
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1 Shi Yajun,Huang Yinghui,Tang Heng,Li Liwei(Graduate School of Urban Agriculture,Beijing University of Agriculture,Beijing 102206);Analysis on Present Situation and Characteristic of Agricultural Industrialization in Beijing[J];Chinese Agricultural Science Bulletin;2008-08
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