Dreyfuss, Michael; Giat, Yahel; Manes, Eran - In: International Journal of Financial Studies : open … 12 (2024) 4, pp. 1-18
This study investigates how an increase in the quality of business ventures, measured as their success probability, affects trust and return on investment (ROI) in situations where the investor-entrepreneur interaction is affected by moral hazard and asymmetric information. We model a repeated...