A Study on the Risk Problems of Venture Capital Investing
Abstract：This paper introduces the theoretical foundation of venture capital investing：economic growth theory, Post-Keynesian firm theory,soft budget constraint theory,contraint theory,Norths institional change theory, discussing collective actions dilemma on Norths institional change theory,incomplete human capital property rights and princial-agent risks,concluding principal-agent risks from owners vacant position,incomplete human capital property rights from dynamic contract adjustment lagged, collective action dilemma from lift actions of members.Finally,the paper suggests avoiding risk strategies.
Keywords：Venture capitalInformation asymmetryPrincipal-agentCollective actions dilemmacontraint theory
Publication Date：2012-01-01
Online Publishing Date：2025-08-15(First online date of this platform, not the publication date of the document)
Pages：6( 29-34 )