Moral Hazard and Adverse Selection in Venture Capital

Author: Zheng Junjun
Publisher:
Publish Date: 2006-08-01
Features: This book summarizes research on adverse selection and moral hazard problems in venture capital both domestically and internationally. It focuses on a quantitative perspective, based on the principal-agent theory framework, by establishing models to reveal the intrinsic mechanisms of these two types of agency problems in venture capital, as well as how to design specific measures to address them.