Is it possible to be too risk averse? Considerations for financial management in the public sector

被引：2

作者：

Walters, A. C. ^{[1
]}

Ramiah, V. ^{[2
]}

机构：

[1] Parks & Wildlife Commiss Northern Terr, Palmerston, NT, Australia

[2] UniSA Business Sch, Sch Commerce, Adelaide, SA, Australia

来源：

APPLIED ECONOMICS LETTERS | 2016年 / 23卷 / 17期

关键词：

Risk aversion; public sector; government agencies; financial management; LEADERSHIP;

D O I：

10.1080/13504851.2016.1145341

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Within the financial management discipline, risk aversion is viewed as secure' and responsible'. Yet, frequently risk aversion is associated with delays, failure to take action, decreased employee morale and stakeholder frustration. This article considers the role of risk aversion within the public sector and questions whether the risk-averse nature of the organization, coupled with risk-averse leaders can result in negative outcomes for the agency. The article concludes that while risk aversion is important, there are actions that a risk-averse leader can take to minimize the implications of risk-averse behaviour on the organization as a whole.

引用

页码：1210 / 1214

页数：5

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