Keuschnigg, Christian (contributor); … - 2007
: Venture capital, entrepreneurship, self-selection, moral hazard.
Address: Keuschnigg: Varnbuelstrasse 19, CH - 9000 St. Gallen … double moral hazard problem after a contract is signed. The moral hazard
relates to the entrepreneur’s managerial effort in …-ups, while effortlevelsdeterminethe
success probability of each type of firm. We find that the double moral hazard between …