Risk aversion: the driver of the financial markets
Daniel Ben‐Ami
(Daniel Ben‐Ami has been a financial journalist in London for 15 years. He has worked for the Financial Times, The Sunday Times and Prospect. For several years he wrote on the Middle East for the Economist Intelligence Unit. He is now senior editor for Morningstar in London.)
4441
Abstract
Daniel Ben‐Ami, author of Cowardly Capitalism: The Myth of the Global Financial Casino, argues that the popular view of the global financial markets as some sort of irresponsible and volatile casino is fundamentally wrong. He argues that the financial markets have been as susceptible as everywhere else in contemporary society to the idea that risks must be driven out. He argues that global financial markets are risk averse and that as a result companies focus on financial returns rather than their core abilities.
Keywords
Citation
Ben‐Ami, D. (2001), "Risk aversion: the driver of the financial markets", Balance Sheet, Vol. 9 No. 2, pp. 24-25. https://doi.org/10.1108/09657960110695691
Publisher
:MCB UP Ltd
Copyright © 2001, Company