EVALUATION OF ASSET MANAGEMENT COMPANY PRACTICES IN TURKEY

Abstract

By conducting a two-way survey on individuals and companies, the operating system and basic problems were evaluated impartially and some suggestions were included. While 183 participants responded to the survey conducted on individuals, only 10 companies answered the interview questions and the presentation of the survey and interview results as tables, graphics and simple ratios was discussed. According to the results of the survey and interviews, both the financial system and the view of the society were evaluated. In addition, by considering the resource management of companies, the possibilities of developing a more consistent asset management model with performance and risk measurement were discussed. As a conclusion in this study, the promotion of AMCs is insufficient and public institutions and organizations do not have sufficient knowledge about the system of AMCs in problematic assets management. The current situation analysis has been undertaken by examining the working systems of AMCs operating at the national and international levels. In this context, it has been determined that some regulations are required in the legislation. Asset management companies must accurately reflect the promotion of their field of activity through social media and associations. On the other hand, in the legislation, regulations should be introduced in the tax system, debtors and creditors should be exempted from collection fees and other fees, a separate section should be created for asset management companies in the uniform chart of accounts. Suggestions have been made about the need for receivables, the need for real sector companies and public institutions to pave the way for receivables that cannot be collected, and the establishment of the necessary infrastructure in the UYAP system.