Risk preference, risk perception, and purchase recovery period: Empirical evidence from salmon contamination of COVID-19 in China

Yu, Zhijian; Bai, Hefei

doi:10.1080/13657305.2021.2019353

Cited by 3 publications

(2 citation statements)

References 47 publications

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“…The responses measuring investment appetite serve as proxies for risk appetite: 1 = high risk, high return project; 2 = slightly higher risk, slightly higher return project; 3 = average risk, average return project; 4 = slightly lower risk, slightly higher return project; 5 = not willing to take any risk; and 6 = do not know. Meanwhile, risk perception has a moderating effect on risk appetite [83]. We select the questions, "Which do you think is more risky, main board stocks or growth enterprise market stocks (GEM)?"…”

Section: Other Variablesmentioning

confidence: 99%

Relationship between Disaster Shock Experience and Farmers’ Entrepreneurial Inclination: Crisis or Opportunity?

Zhang

Gao

et al. 2023

Agriculture

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In the context of climate change, it is important to examine the correlation between farmers’ disaster shock experience and their entrepreneurial inclination, as well as its adaptive mechanisms for rural development. We define farmers’ entrepreneurship as farmers engaging in self-employment or business operation, then analyze the positive and negative correlations between disaster shock experience and farmers’ entrepreneurship and propose that there is a U-shaped relationship between them. We develop a mechanism based on the mediating role of farmers’ risk appetite and the moderating role of government support. Based on a survey of 39,113 households from the 2019 China Household Finance Survey, we test our hypotheses using a probit model and structural equation modeling. The findings indicate that disaster shock experience strongly correlates with farmers’ entrepreneurship. Over time, a U-shaped trend emerges between them, in which disaster shock experience can deter farmers’ entrepreneurship through risk appetite, while government support can alleviate this inhibitory effect. Moreover, different types of disasters show the same U-shaped trend, but the relationship differs based on farmers’ gender and income levels. These findings suggest that rural areas should enhance their development capacity and disaster resilience, and the government should establish long-term support mechanisms for entrepreneurship. Additionally, farmers need to accurately understand and cope with disaster shock experience, so they can uncover the potential value and opportunities it presents.

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Section: Other Variablesmentioning

confidence: 99%

Relationship between Disaster Shock Experience and Farmers’ Entrepreneurial Inclination: Crisis or Opportunity?

Zhang

Gao

et al. 2023

Agriculture

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“…Online media tend to use negative bias and exaggeration to attract attention (Gentzkow and Shapiro, 2006) as consumers are more sensitive to negative information (Soroka, 2006). This leads to biased public perceptions of food safety risks, reduced purchasing behavior, mass panic (Yu and Bai, 2023) and price oscillations in local and even the entire market, with a greater negative impact on the industry's upstream supply chain and even the entire market (Wen et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

The impact of food safety scandals on pork prices from consumer concern perspective: evidence from China

Wan,

Tao

2023

Front. Sustain. Food Syst.

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In the era of fast communication, consumer attention is a hidden demand signal that cannot be ignored. This study investigates the impacts of media coverages on pork prices from the perspective of consumer concerns. We employ monthly panel data spanning from January 2018 to June 2021 at the provincial level. Specifically, the study investigates the mediating role of consumer attention, which is categorized into “active attention” and “passive attention,” in the relationship between food scandal report and pork prices. The empirical results suggest a negative short-term correlation between food scandals coverages and pork prices, and reveal that passive-guided consumer attention plays a more significant mediating role than active attention in this relationship. Furthermore, a heterogeneity analysis based on the North–South partition indicates that the mediating transmission effect of consumer attention is more pronounced in regions with relatively stable supply. Overall, this study contributes to the existing theoretical literature on the impact of media coverages on agricultural prices, and provides practical implications for the government to regulate media coverages, and guide consumers to respond appropriately to food safety risks.

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How do farmers’ perceptions of food environment affect their consumption of aquatic products? Evidence from inland provinces in Northern China

Zheng,

Zhao,

Xiao

2024

Aquaculture Economics & Management

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Risk preference, risk perception, and purchase recovery period: Empirical evidence from salmon contamination of COVID-19 in China

Cited by 3 publications

References 47 publications

Relationship between Disaster Shock Experience and Farmers’ Entrepreneurial Inclination: Crisis or Opportunity?

Relationship between Disaster Shock Experience and Farmers’ Entrepreneurial Inclination: Crisis or Opportunity?

The impact of food safety scandals on pork prices from consumer concern perspective: evidence from China

How do farmers’ perceptions of food environment affect their consumption of aquatic products? Evidence from inland provinces in Northern China

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