What does this research mean for the field?

Relational patient capital significantly promotes agricultural technological innovation output by facilitating digital transformation and alleviating financing constraints. Novelty: ClaimNovelty.INCREMENTAL. Consensus alignment: ConsensusAlignment.NEUTRAL.

What question did this study set out to answer?

To examine the impact of relational patient capital on agricultural technological innovation and identify the underlying organizational and financial mechanisms.

August 27, 2026SustainabilityOpen Access

Relational Patient Capital and Agricultural Technological Innovation: Evidence from Chinese Agricultural Technology Enterprises

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To examine the impact of relational patient capital on agricultural technological innovation and identify the underlying organizational and financial mechanisms.
Analyzed a firm-level panel dataset of Chinese agricultural technology enterprises using a two-way fixed-effects econometric model.
Conducted robustness checks using clustered standard errors, excluding COVID-19 pandemic periods, and applying lagged specifications alongside regional and firm-size heterogeneity analyses.
Relational patient capital significantly promotes agricultural technological innovation output across enterprises.
Mechanism analysis indicates that patient capital operates by accelerating enterprise digital transformation and easing financing constraints through stabilized cash flows.
Heterogeneity tests reveal that innovation-promoting effects are substantially stronger among small-scale enterprises and firms operating in central and eastern China.

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Implication

Panel analysis demonstrates that relational patient capital enhances technological innovation in agricultural enterprises, indicating the value of long-term funding for rural R&D.

Cite This Study

Yin et al. (2026) studied this question.

synapsesocial.com/papers/6a8fe9da10c91c1e92621d68 https://doi.org/10.3390/su18178697

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Implication

Panel analysis demonstrates that relational patient capital enhances technological innovation in agricultural enterprises, indicating the value of long-term funding for rural R&D.

Relational Patient Capital and Agricultural Technological Innovation: Evidence from Chinese Agricultural Technology Enterprises

Key Points

Discussion

Implication

Cite This Study

Relational Patient Capital and Agricultural Technological Innovation: Evidence from Chinese Agricultural Technology Enterprises

Key Points

Discussion

Implication

Cite This Study

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