Thapa, Rahul; Maniyar, Vaishnavi; Sistla, Pranathi; … - In: Investigating Moral Capital in Value Creation, (pp. 143-170). 2026
Moral hazard was originally a term used only in the field of insurance, but it has since entered capital markets, changing incentives and increasing systemic risk. This literature review confronts how information asymmetries, governance risk, and implicit guarantees create opportunism for...