We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Asimetrik Bilgi Sorununun Çözümünde Bağımsız Denetimin Önemi.
- Authors
YAZICI, Üyesi Resül; VARSAK, Üyesi Serkan; YAZICI, Üyesi Ayla
- Abstract
Obtaining and evaluating financial information in economic life activities is an important problem. Although it is impossible to eliminate this negativity, it is possible to reduce uncertainties through independent audit activities. However, the problem of asymmetric information, which may arise if the uncertainties and / or manipulations cannot be reduced, may significantly hinder the sustainability of economic activities. Asymmetric information refers to incomplete information between the parties, or in other words one party possesses greater knowledge than the other party. Therefore, in relations n between parties with asymmetric information, the economic actor which possesses more information has an unfair advantage. The use of this superiority for individual interests also leads to adverse selection and then to moral hazard problems. Adverse selection is when the party with the missing information says yes to a transaction that it would not accept if it had full information. For example, if real or legal persons with great risk, or those who intentionally don't want to pay their debt hide this situation, financiers will face the adverse selection problem when they lend them. Saying yes to the wrong person or project and behaviors after signing contracts also cause moral hazard risk. The subject of the study will be how the independent audit can forestall this in preventing adverse selection and moral hazard problems caused by the asymmetric information problem that arises especially if the information flow between the financial sector and its customers cannot be provided accurately and completely.
- Subjects
MORAL hazard; INFORMATION asymmetry; SUSTAINABLE development; INVESTORS; ECONOMIC activity
- Publication
Balkan & Near Eastern Journal of Social Sciences (BNEJSS), 2020, Vol 6, Issue 2, p136
- ISSN
2149-9314
- Publication type
Article