Institutionalizing Risk Management in the Public Sector: The Case of Greece

This study explores the institutionalization of risk management practices within the Greek public sector, drawing on a national survey of 378 civil servants. Amid post-crisis governance reforms, Greece presents a compelling context to examine how risk-related processes are adopted and perceived across ministries and state organizations. While public sector risk management has garnered growing international interest, empirical studies remain scarce, especially in southern European administrations. We find limited maturity in formal risk procedures but an emerging awareness among middle- and upper-level officials. The findings contribute to the literature on public governance by highlighting the challenges of embedding risk management practices in hierarchical and legalistic administrative traditions.

Authors

Institutions

Publication Details

Journal
Theoretical Economics Letters
Published
2025-01-01
DOI
https://doi.org/10.4236/tel.2025.154058
Primary Topic
Risk Management in Financial Firms
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Institutionalizing Risk Management in the Public Sector: The Case of Greece

T. Papadopoulos
Theoretical Economics Letters
Risk Management in Financial Firms
article

Institutionalizing Risk Management in the Public Sector: The Case of Greece

T. Papadopoulos
article en

Abstract

This study explores the institutionalization of risk management practices within the Greek public sector, drawing on a national survey of 378 civil servants. Amid post-crisis governance reforms, Greece presents a compelling context to examine how risk-related processes are adopted and perceived across ministries and state organizations. While public sector risk management has garnered growing international interest, empirical studies remain scarce, especially in southern European administrations. We find limited maturity in formal risk procedures but an emerging awareness among middle- and upper-level officials. The findings contribute to the literature on public governance by highlighting the challenges of embedding risk management practices in hierarchical and legalistic administrative traditions.

Theoretical Economics LettersVol. 15(04)
University of West Attica (GR)
Openalex Percentile: Top 66%
Risk Management in Financial Firms
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.