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

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  • A. C. Walters
  • V. Ramiah

Abstract

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.

Suggested Citation

  • A. C. Walters & V. Ramiah, 2016. "Is it possible to be too risk averse? Considerations for financial management in the public sector," Applied Economics Letters, Taylor & Francis Journals, vol. 23(17), pages 1210-1214, November.
    • Handle: RePEc:taf:apeclt:v:23:y:2016:i:17:p:1210-1214
    DOI: 10.1080/13504851.2016.1145341
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