Title: The Moral Hazard and Prevention in the Principal-agent Relationship of Private Colleges
Abstract: Due to factors such as the asymmetric information,incomplete contract,and the unequal responsibility and so on,the principal-agent relationship in China’s private colleges contains moral hazard problems,which seriously affects the sustainable and healthy development of private colleges.To circumvent the moral hazard of the agent,it is necessary to strengthen the monitoring force,and building an effective incentive and restraint mechanisms in such areas as the solutions.
Publication Year: 2009
Publication Date: 2009-01-01
Language: en
Type: article
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