Cover Image

Moral hazard behaviors and mitigation strategies: a systematic review

This study aims to identify the main factors that drive the moral hazard behavior in all industries and the strategies that can be used to mitigate this problem. The study employs qualitative systematic work which highlights a methodology based on Preferred Reporting Items for Systematic Reviews and...

Full description

Saved in:
Bibliographic Details
Main Authors: Nurhazwani Mohd Ali,, Syarifah Mardhiah Syed Salim,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2024
Online Access:http://journalarticle.ukm.my/24441/1/Ekonomi%20Malaysia-1.pdf
http://journalarticle.ukm.my/24441/
https://www.ukm.my/jem/issue/v58i1/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-ukm.journal.24441
record_format eprints
spelling my-ukm.journal.244412024-10-22T02:35:41Z http://journalarticle.ukm.my/24441/ Moral hazard behaviors and mitigation strategies: a systematic review Nurhazwani Mohd Ali, Syarifah Mardhiah Syed Salim, This study aims to identify the main factors that drive the moral hazard behavior in all industries and the strategies that can be used to mitigate this problem. The study employs qualitative systematic work which highlights a methodology based on Preferred Reporting Items for Systematic Reviews and Meta-Analyses. Findings from prior research were used as sourced from two journal databases, namely Web of Science and Scopus. The study established that the major sources of moral hazard behavior are lack of incentives, information asymmetry, legal and regulations, high market power, temporary ownership, and cultural behavior. It further showed that strategies to mitigate moral hazard behavior comprised the designing of appropriate incentives, implementing effective monitoring mechanisms, improving information disclosure and transparency, identifying, and managing risks associated with specific activities, introducing third parties to provide independent insight and accountability, and imposing appropriate enforcement. The study also identified the assumption of security as the primary reason society engage in moral hazard behavior, which accordingly underscores the importance of addressing this issue in any intervention measures. Penerbit Universiti Kebangsaan Malaysia 2024 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/24441/1/Ekonomi%20Malaysia-1.pdf Nurhazwani Mohd Ali, and Syarifah Mardhiah Syed Salim, (2024) Moral hazard behaviors and mitigation strategies: a systematic review. Jurnal Ekonomi Malaysia, 58 (1). pp. 1-18. ISSN 0127-1962 https://www.ukm.my/jem/issue/v58i1/
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description This study aims to identify the main factors that drive the moral hazard behavior in all industries and the strategies that can be used to mitigate this problem. The study employs qualitative systematic work which highlights a methodology based on Preferred Reporting Items for Systematic Reviews and Meta-Analyses. Findings from prior research were used as sourced from two journal databases, namely Web of Science and Scopus. The study established that the major sources of moral hazard behavior are lack of incentives, information asymmetry, legal and regulations, high market power, temporary ownership, and cultural behavior. It further showed that strategies to mitigate moral hazard behavior comprised the designing of appropriate incentives, implementing effective monitoring mechanisms, improving information disclosure and transparency, identifying, and managing risks associated with specific activities, introducing third parties to provide independent insight and accountability, and imposing appropriate enforcement. The study also identified the assumption of security as the primary reason society engage in moral hazard behavior, which accordingly underscores the importance of addressing this issue in any intervention measures.
format Article
author Nurhazwani Mohd Ali,
Syarifah Mardhiah Syed Salim,
spellingShingle Nurhazwani Mohd Ali,
Syarifah Mardhiah Syed Salim,
Moral hazard behaviors and mitigation strategies: a systematic review
author_facet Nurhazwani Mohd Ali,
Syarifah Mardhiah Syed Salim,
author_sort Nurhazwani Mohd Ali,
title Moral hazard behaviors and mitigation strategies: a systematic review
title_short Moral hazard behaviors and mitigation strategies: a systematic review
title_full Moral hazard behaviors and mitigation strategies: a systematic review
title_fullStr Moral hazard behaviors and mitigation strategies: a systematic review
title_full_unstemmed Moral hazard behaviors and mitigation strategies: a systematic review
title_sort moral hazard behaviors and mitigation strategies: a systematic review
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2024
url http://journalarticle.ukm.my/24441/1/Ekonomi%20Malaysia-1.pdf
http://journalarticle.ukm.my/24441/
https://www.ukm.my/jem/issue/v58i1/
_version_ 1814049147156692992
score 13.223943

Similar Items