Study on the Governance Evaluation of PE Fund in China
This article discusses the principal-agent relationship between the Limited Partners (LP) and the General Partner (GP) in a private equity fund (PE fund),discusses the adverse selection problem in the process of fundraising and moral hazard problems of GP in the process of the operation of the fund. The article has also made some analysis of two-side moral hazard problem occurred during the operation and GP deficiency issue for the PE fund in China. And then, based on the above analysis,some measures to govern the adverse selection and moral hazard problems are proposed in the article. Finally,the indices to evaluate the governance of Chinese private equity fund have been chosen and the governance evaluation model based on Dempster-Shafer evidence theory has been established.
Private Equity Fund Governance Evaluation Dempster-Shafer Evidence Theory
DUAN Xinsheng
Accounting School of Capital University of Economics and Business, Beijing, 100070
国际会议
The Sixth International Symposium on Corporate Governance(第六届公司治理国际研讨会)
大连
英文
178-186
2011-08-20（万方平台首次上网日期，不代表论文的发表时间）