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How Nonprofit Organizations Manage Risk

Dennis R. Young
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Dennis R. Young: Andrew Young School of Policy Studies

Chapter 3 in Paid and Unpaid Labour in the Social Economy. An International Perspective, 2009, pp 33-46 from AIEL - Associazione Italiana Economisti del Lavoro

Abstract: The purpose of this essay is to identify the kinds of decisions where nonprofit organizations need to manage their risks in a strategic fashion, to review what we know about how they approach these decisions, and to offer a conceptual framework that nonprofits can use to develop a more sophisticated and effective approach to their risk management decisions in the future. For various reasons, nonprofits have not taken a sufficiently robust view of risk management, A simple framework is presented to address the risk-related decisions of nonprofits in a strategic fashion, with a view to inspire fuller attention to risk management in the nonprofit academic literature and in professional forums.

Keywords: nonprofit institutions; risk management; decision making. (search for similar items in EconPapers)
JEL-codes: D81 L31 M51 (search for similar items in EconPapers)
Date: 2009
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