Fairchild, Richard; Mai, Yiyuan - In: International Journal of Behavioural Accounting and Finance 4 (2013) 1, pp. 32-53
We examine the relationship between a society's legal system, a society's culture of empathy, the strength of venture capital contracts and venture performance. We develop a double-sided moral hazard model in which an entrepreneur and a venture capitalist exert value-adding efforts in a venture....
