Title :
Game Analysis of Entrepreneurs´ Moral Risk in the Venture Capital Investment
Author_Institution :
Sch. of Bus. Adm., Jiangsu Univ., Zhenjiang, China
Abstract :
Due to the information asymmetry, investors are confronted with the "moral risk" of entrepreneurs in the venture capital investment. By using game theory, this paper gives an in-depth analysis to the "moral risk" of entrepreneurs and draws some valuable research conclusions and suggestions, including: behavioral choice of entrepreneurs is a function of the system; the enterprises should constantly enhance the information transparency; social supervision system over entrepreneurs should be established and perfected gradually.
Keywords :
game theory; risk management; venture capital; entrepreneurs moral risk; game theory; information asymmetry; information transparency; social supervision system; venture capital investment; Analytical models; Contracts; Ethics; Games; Innovation management; Investments; Venture capital;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5576989