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The research examines the effect of credit capacity on technology adoption and contractual arrangements among apple growers in rural China.

Technology adoption and contractual arrangements under credit constraints: evidence from apple growers in rural China

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The research examines the effect of credit capacity on technology adoption and contractual arrangements among apple growers in rural China.
Comparative case study of three agribusinesses in Yiyuan County, Shandong Province.
Mathematical modeling and numerical simulations were employed to analyze causal relationships.
Focus on how credit constraints influence technological choices and contracts.
Credit-constrained firms adopt labor-saving technologies incrementally with high-monitoring-cost wage contracts.
Firms with better credit access use integrated technologies and shift towards collaborative revenue-sharing contracts.
Increased technology embedding leads to greater asset specificity and a shift in governance from hierarchical to cooperative.

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Comparative case study reveals credit access drives technology adoption and contract governance in apple growers.

Deng et al. (2025) studied this question.

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