kaal:claim:1428387-025

Qualified investors have strong incentives to accept valuation problems rather than contest them, because contesting would jeopardize their relationships with management and other industry participants and damage their own reputations.

Source quote, verbatim

Even though their preference may be to obtain accurate valuation when needed, they have strong incentives to accept valuation problems in order to maintain the relationships with management and other industry participants and protect their reputations. Managers are also dependent on their

From

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009), V.B Informal Rules Protect Primarily Qualified Investors, p. 45
https://ssrn.com/abstract=1428387 · source PDF

Cite as

Kaal, Hedge Fund Valuation Retailization, Regulation, and Investor Suitability (2009). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1428387

Holds when

qualified investors with industry relationships and reputational stakes

Classification

mechanismsupport: arguedreputation

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