浅谈风险投资代理方道德风险与投资契约设计

Moral hazard in venture capital and design of venture capital contract

分析了风险投资中的道德风险及其后果 ,基于现代契约理论 ,分析了道德风险产生的相关因素。提出了风险投资道德风险的防范、控制的分析框架与投资契约设计的基本框架和思路。

The moral hazard in the venture capital contract with its results and the related factors resulted in the moral hazard are analyzed on the base of the modern contract theory. An essential framework of preventing and controlling MH capital contract is proposed.