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Crowdfunding and Moral Hazard Problems

In: The Theories and Developments of Crowdfunding

Author

Listed:
  • Anton Miglo

    (Wilfrid Laurier University)

  • Victor Miglo

    (CEM Benchmarking)

Abstract

Moral hazard refers to situations where the actions of managers/entrepreneurs are not observable and/or not verifiable by investors. Sometimes it is called the agency problem referring to a theoretical framework when one party (principal) hires another party (an agent) to perform some tasks and the interests of parties are not perfectly aligned.

Suggested Citation

  • Anton Miglo & Victor Miglo, 2026. "Crowdfunding and Moral Hazard Problems," Springer Books, in: The Theories and Developments of Crowdfunding, chapter 4, pages 95-110, Springer.
    • Handle: RePEc:spr:sprchp:978-3-032-10724-4_4
    DOI: 10.1007/978-3-032-10724-4_4
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