Minding the Store: Structured Finance and Risk Governance of ‘Third Sector’ Organisations

Ben Duke

International Journal of Finance, Insurance and Risk Management, 2020, vol. 10, issue 4, 50-67

Abstract: Purpose: This conceptual theoretical review aims to inform readers of the benefits and pitfalls of structured finance, when applied to “Third Sector” organisations. Design/Methodology/Approach: A literature review of existing studies and grey literature are considered in a critical evaluation of the risk governance of structured finance arrangements. Voluntary sector observers inform us, the ‘Third Sector’ comprises of ‘…nonprofits, charities, social enterprises, social movements, and other community-based. Clearly civil society organisation (CSOs), non-governmental organisations (NGOs) and supranational organisations should also be added to the list. Findings: ‘Quality control’ and ‘Social implications’ issues surrounding the effect of structured finance agreements on ‘Third Sector’ organisations are revealed. Practical Implications: This conceptual theoretical review details the ‘Practical implications of Third Sector organisation risk governance’ with structured finance. The breadth, depth and remit of these agencies, demonstrates the societal need for risk governance for all such third sector organisations. The paper explains why those needs may differ for larger, more corporate ‘Third Sector’ organisations. Originality/Value: It has become increasingly clear that structured finance arrangements, have the ability to influence the ethos, focus and legitimacy of ‘Third Sector’ organisations. Analysis of issues to consider, when implementing risk governance strategy regarding structured finance agreements has become critical.

Keywords: Risk governance; structured finance; ‘Third Sector’ organisations; social enterprises. (search for similar items in EconPapers)
JEL-codes: F35 G18 G32 G38 I23 I25 O19 O3 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ers:ijfirm:v:10:y:2020:i:4:p:50-67

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