Principal-Agent-Ethical Relationship in the Formation of Fiscal Policies: Theoretical Evaluation

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dc.contributor.authorGulsen, Mustafa Alpin
dc.date.accessioned2026-01-24T12:29:11Z
dc.date.available2026-01-24T12:29:11Z
dc.date.issued2023
dc.departmentAlanya Alaaddin Keykubat Üniversitesi
dc.description.abstractThis study delves into the link between ethics and fiscal policy decisions that are made in line with the way public finances are organized, suggesting that when it comes to ethics, there is an intersection between society and policymakers that serves as a balance point. However, this balance point may not always be correctly located due to issues such as collective stalemate problems and asymmetric information. While social ethics is considered a positive democratic phenomenon, it may also have a negative meaning due to flawed perceptions, and an ethical standard formed by social consensus has a high probability of proving erroneous. To address this, it is necessary to have accurate and stable information transfer as a global public good to reduce the asymmetry of ethical problems. The public sector allocates resources based on its ethical preferences through fiscal policies, with the proportional distribution of expenditure items in the budget reflecting such ethical considerations. The budget also plays a key role in shaping social organization and influencing future generations, so it is imperative to limit such an important document, namely the budget. In this respect, ethics could serve as a guiding principle for making decisions about how public funds are allocated through fiscal policy. Therefore, ethics can be viewed as a fiscal rule imposing numerical ceilings as a permanent constraint on fiscal policy.
dc.identifier.doi10.12711/tjbe/m3926
dc.identifier.endpage46
dc.identifier.issn1308-4070
dc.identifier.issn2149-8148
dc.identifier.issue1
dc.identifier.startpage25
dc.identifier.trdizinid1189036
dc.identifier.urihttps://doi.org/10.12711/tjbe/m3926
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1189036
dc.identifier.urihttps://hdl.handle.net/20.500.12868/5186
dc.identifier.volume16
dc.identifier.wosWOS:001092300600002
dc.identifier.wosqualityQ4
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherIgiad-Turkish Entrepreneurship & Business Ethics Assoc
dc.relation.ispartofTurkish Journal of Business Ethics
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20260121
dc.subjectFiscal policy
dc.subjectfiscal ethic
dc.subjectprivate sector
dc.subjectprincipal-agent relationship
dc.subjectdemocracy
dc.titlePrincipal-Agent-Ethical Relationship in the Formation of Fiscal Policies: Theoretical Evaluation
dc.typeArticle

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