Organisational culture and enterprise risk management: The Australian not-for-profit context

Jinhua Chen, Lu Jiao, Graeme Harrison

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

With the increasing emphasis on risk management in not-for-profit organisations, this study is timely in its examination of risk management practices in the Australian not-for-profit sector. Specifically, the study investigates the relation between not-for-profits’ organisational culture and the maturity of enterprise risk management (ERM) practices. The results show that the organisational culture factors of Outcome Orientation (valuing achievements and results) and Innovation (valuing receptivity and adaptability to change) are associated with the maturity of not-for-profits’ ERM. This finding demonstrates the important role that organisational culture plays in shaping ERM practices in not-for-profit organisations and the crucial role that leaders play in creating and nurturing such a culture within their organisations. The results also have implications for regulatory policy-making in, and for, the not-for-profit sector.

Original languageEnglish
Pages (from-to)432-448
Number of pages17
JournalAustralian Journal of Public Administration
Volume78
Issue number3
Early online date22 Apr 2019
DOIs
Publication statusPublished - 1 Sep 2019

Keywords

  • enterprise risk management
  • not-for-profit
  • organisational culture

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