道德风险指的是在交易进行的过程中，得到信息较少的那方由于不知道另一方的

Moral hazard refers to the fact that the party with less information is prone to loss due to the fact that the other party does not know the actual situation of the other party during the transaction. The main manifestation is that after signing the contract, the party with less information has no way to always pay attention Every move of the other party increases the risk of its investment funds. In the process of private equity fund raising, when the investor invests money in the target company, the target company’s major shareholders, actual controllers or management may do some acts that damage the fund for their own private benefit. This is the process of private equity fund operation. Moral hazard. The relevant staff does not act or be lazy. This kind of situation is more common in some newly founded enterprises. Since the newly created enterprises continue to increase their operating efficiency with the help of investors, and their development continues to accelerate, entrepreneurs gradually reduce their original entrepreneurial enthusiasm and start to enjoy success. , Inaction and some lazy behavior appear, which reduces the company's ability to continue to develop. Invest major funds in high-yield but high-risk projects. The moral hazard of corporate management is mainly reflected in investing in high-risk projects. With the injection of capital and the increase of funds during the operation of the project, the liquidity funds in the hands of corporate management have also greatly increased. At this time, corporate management is no longer satisfied With the original funds or profit growth rate, the funds may be invested in other projects that they think are profitable but not related to the original project

Moral hazard refers to the fact that in the course of the transaction, the party that gets less information is prone to losses because it does not know the actual situation of the other party, mainly because after signing the contract, the party with less information has no way to keep an eye on the other party's every move, thereby increasing the risk of its investment funds. In the process of financing, when investors invest money in the target enterprise, the major shareholders, actual controllers or management of the target enterprise may do some harm to the fund for their own self-interest, which is the moral hazard in the course of the operation of private equity funds. The staff concerned are not acting or lazy. This situation is more common in some newly founded enterprises, because of the newly created enterprises with the help of investors operating efficiency is rising, enterprise development is accelerating, so entrepreneurs gradually reduce the original enthusiasm for entrepreneurship, and then began to enjoy success, inaction and some lazy behavior, so that the sustainable development of enterprises reduced capacity. Put your main money into high-yield but high-risk projects. The moral hazard of the management of the enterprise is mainly manifested in the investment of high-risk projects, with the injection of capital and the increase of funds in the course of the project operation, the liquidity funds in the hands of the management of the enterprise has also increased greatly, at this time the management of the enterprise no longer satisfied with the original capital or profit growth rate, may put funds into other projects that they consider profitable but not related to the original project.

Moral hazard refers to that in the process of trading, the party who gets less information is prone to loss because he does not know the actual situation of the other party. It mainly shows that after signing the contract, the party with less information can not always pay attention to the other party's every move, so as to improve the risk of its investment funds. In the process of private fund raising, when investors invest money in the target enterprise, the major shareholders, actual controllers or management of the target enterprise may do some damage to the fund for their own personal interests, which is the moral hazard in the operation of private fund. The relevant staff do not act or are lazy. This situation is more common in some newly established enterprises. With the help of investors, the operating efficiency of newly founded enterprises is rising and the development of enterprises is accelerating. Therefore, entrepreneurs gradually reduce their original entrepreneurial enthusiasm and start to enjoy success. They also have inaction and some lazy behaviors, thus reducing the sustainable development ability of enterprises. Invest your main money in high-yield but high-risk projects. The moral hazard of enterprise management is mainly manifested in the investment of high-risk projects. With the injection of capital and the increase of funds in the process of project operation, the liquidity capital in the hands of enterprise management is also greatly increased. At this time, the enterprise management is no longer satisfied with the original capital or profit growth rate, and may invest the funds into some projects that they think are profitable Other unrelated projects<br>