Benefit distribution of collectively-owned operating construction land entering the market in rural China: A multiple principal

《Benefit distribution of collectively-owned operating construction land entering the market in rural China: A multiple principal–agent theory-based analysis》

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作者: Lei Yan;Kairong Hong;Kunqiu Chen;Hui Li;Liuwen Liao

来源: HABITAT INTERNATIONAL,Vol.109,P.102328

语言: 英文

关键字: Land institution reform;Urban-rural transformation development;Rural vitalization;Land-use efficiency;Principal identity of farmers;Multiple principal–agent theory

作者单位: School of Business, Central South University, Changsha 410083, China;School of Public Administration, Hunan University, Changsha 410082, China;Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China;College of Resources and Environment, University of Chinese Academy of Sciences, Beijing 100049, China;School of Economics, Central South University of Forestry and Technology, Changsha 410083, China;College of Economics and Management, Changsha University, Changsha 410022, China;School of Business, Central South University, Changsha 410083, China;School of Public Administration, Hunan University, Changsha 410082, China;Institute of Geographic Sciences and Natural Resources Research, Chinese Academy of Sciences, Beijing 100101, China;College of Resources and Environment, University of Chinese Academy of Sciences, Beijing 100049, China;School of Economics, Central South University of Forestry and Technology, Changsha 410083, China;College of Economics and Management, Changsha University, Changsha 410022, China

摘要: The benefit distribution mechanism is the key to collectively-owned operating construction land (COCL) entering the market. Based on the multiple principal–agent relationship between stakeholders, this paper establishes a theoretical model of COCL benefit distribution, quantitatively analyzes the optimal benefit distribution ratio of stakeholders, and simulates the optimal benefit distribution ratio of each subject’s interests under different circumstances. The benefit distribution mechanism constructed in this paper can maximize stakeholder interest and land-use efficiency, stimulate the enthusiasm of participants, and ensure the smooth implementation of policies. The results show that in order to maximize land values, enterprises should also be included in the benefit distribution. The optimal benefit distribution ratio of the village collective mainly ranges from 10% to 20%, and that of farmers mainly ranges from 20% to 30%. The optimal benefit ratio of enterprises and government fluctuates widely, mostly ranging from 10% to 70%, respectively. There are obvious regional differences and industry differences in the optimal benefit distribution ratio of COCL. In developed areas, the benefit distribution ratio of enterprises can be moderately expanded, and the market-led mode can be adopted; in less developed areas, the benefit distribution ratio of local government can be moderately increased, and the government-led mode is more appropriate. Industries with a low cost coefficient and operating income that mainly depends on their own production capabilities should have a higher benefit distribution ratio, whereas industries with a higher cost coefficient and operating income greatly affected by other factors should have a lower benefit distribution ratio. Accordingly, some suggestions are made to promote the orderly introduction of COCL into the market based on stakeholder interest considerations.