Purpose – The purpose of this paper is to examine the effect of perceived land tenure security in China on farmers' decisions to invest in relatively long-term land quality improvement measures, taking into account the potential endogeneity of tenure security. Design/methodology/approach –...

Land conservation investments can make an important contribution to avoidance and mitigation of land degradation. Lack of tenure security and land transferability may, however, limit the extent to which farmers undertake such investments. Using real option value theory, this paper investigates...