*Names in bold indicate Presenter
This exploratory study examines internal as well as external factors associated with the stage of risk management implementation using a unique setting in which large nonprofit organizations in Germany and the United Kingdom are confronted with very different regulatory requirements. Building on an integrated framework of resource dependence and institutional theory the effects of coercive, normative and mimetic isomorphism are documented.
Drawing on a qualitative field study of 30 organizations, it can be shown that the stage of risk management implementation is positively related to the presence of regulatory requirements. In absence of specific regulatory requirements, German nonprofit organizations appear to have less developed and more heterogeneous risk management systems than organizations in the United Kingdom. Additionally, findings suggest that in both countries, the degree of professionalism and the type of funding directly affects the approach to risk management. Based on this analysis, some new directions for more advanced theoretical and empirical research about risk management in nonprofit organizations are briefly mapped out.
- Research_Paper_20130813.pdf (591.3KB)