Data from Nanjing Agricultural University Provide New Insights into Risk Management (The Impact of Extreme Precipitation On Agricultural Enterprises’ Insurance Purchasing Behavior): Risk Management

2026 MAR 04 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Researchers detail new data in Risk Management. According to news reporting from Jiangsu, People’s Republic of China, by NewsRx journalists, research stated, “Against the backdrop of increasing frequency of extreme weather events and growing urgency of agricultural risk management, an in-depth investigation into their impact on the risk response behaviors of agricultural enterprises holds significant practical and theoretical importance.”

Financial support for this research came from Youth Fund Project of Humanities and Social Sciences Research of the Ministry of Education.

The news correspondents obtained a quote from the research from Nanjing Agricultural University, “This study systematically examines the impact of extreme precipitation on the insurance-purchasing behavior of agricultural enterprises using a sample of 304 Chinese listed companies from 2011 to 2022. The study finds that (i) extreme precipitation significantly positively affects agricultural enterprises’ insurance-purchasing behavior. (ii) Extreme precipitation reduces agricultural yields and triggers market panic, jointly influencing agricultural enterprises’ insurance-purchasing behavior through the output loss and the emotional panic pathways. (iii) The effect of extreme precipitation on agricultural enterprises’ insurance-purchasing behavior varies significantly across firms with different ownership structures and industrial attributes, with nonstate-owned and resource-intensive enterprises being more sensitive to such shocks.”

According to the news reporters, the research concluded: “This study provides empirical evidence for understanding the risk response mechanisms of agricultural enterprises under climate change and offers insights into improving agricultural insurance policies and promoting differentiated risk management strategies.”

This research has been peer-reviewed.

For more information on this research see: The Impact of Extreme Precipitation On Agricultural Enterprises’ Insurance Purchasing Behavior. Finance Research Letters, 2026;92. Finance Research Letters can be contacted at: Academic Press Inc Elsevier Science, 525 B St, Ste 1900, San Diego, CA 92101-4495, USA. (Elsevier - www.elsevier.com; Finance Research Letters - http://www.journals.elsevier.com/finance-research-letters/)

Our news journalists report that additional information may be obtained by contacting Yueshu Zhou, Nanjing Agricultural University, College of Finance, Nanjing 210095, Jiangsu, People’s Republic of China. Additional authors for this research include Qianting Ma, Ruonan Xi and Zhenxian An.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.frl.2026.109533. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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