我国基金管理人道德风险分析和其防范的研究.pdf

我国基金管理人道德风险分析和其防范的研究.pdf

Abstract howthe hazardsof i moral fund andts managers Throughanalyzing yield thetheorieswith of forms,combining experiencesforeigncountries,the articleaimsto the andrecommendations give suggestions onthe and administration ofMoralHazardsofChinese governess fund managers. In Hazard from comes two and general,Moral are benefitsoffund differentfromthatofinvestors—thiSiS managers the reason,(2)The ofthe fundcontractandthe subjectire incompletion unmatchedbetweenresidualdominationandresidual of claimantthetwo aswellas theinformation :from parties asymmetry resulting contributetothe factorthe system of principal—agent objective yield of theMoralHazard. MoralHazardhasvarioasformsand effects.ItsexiStencenot only the interestsandbenefitsofthe alSO damages directly investors,but inthe of resultsrecessionthefunctionsofthefundsshouldthesituatio

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