Title :
Moral risk management of open-ended fund based on dynamic game
Author :
Rifang, Dong ; Zhihong, Wang ; Dan, Wang
Author_Institution :
(College of Business Administration, Liaoning Technical University, Huludao, P.R. China, 125105)
Abstract :
Based on the perspective of dynamic game, an analysis on the main performance of moral risks of open-ended fund is made and a multi-stage dynamic co-operation game model of open-ended fund is given as well. Then deep-seated reasons that have hindered cooperative game of several parties and caused moral hazards to the open-ended funds are listed. In the end, countermeasures and suggestions to reduce the moral risks of open-ended fund are put forward.
Keywords :
Asset management; Contracts; Educational institutions; Ethics; Hazards; Innovation management; Investments; Knowledge management; Risk analysis; Risk management; Principal agent; dynamic game; moral risk; open-ended fund;
Conference_Titel :
Industrial Engineering and Engineering Management, 2009. IE&EM '09. 16th International Conference on
Conference_Location :
Beijing, China
Print_ISBN :
978-1-4244-3671-2
Electronic_ISBN :
978-1-4244-3672-9
DOI :
10.1109/ICIEEM.2009.5344311
