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The slings and arrows of outrageous fortune: Exploring resilience in the third sector

Hyndman, Noel; Lapsley, Irvine; Liguori, Mariannuziata

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Authors

Noel Hyndman

Irvine Lapsley



Abstract

This Special Issue is based on a selection of papers initially presented at the conference on “Resilience and the Third Sector” (Institute of Public Sector Accounting Research, University of Edinburgh, November 2022). The third sector is pervasive in most societies and makes a distinctive and widely‐recognized contribution to the public good by building social capital, frequently affording a foundation for social cohesiveness. However, it is a fragile sector that is significantly affected by crises (the slings and arrows of outrageous fortune). These have the potential to curtail the capacity of third‐sector organizations (TSOs) to deliver societal benefits and, in the most extreme cases, even threaten their survival. Given this, the resilience of TSOs (albeit this term has multiple layers and manifold meanings) is critical. This paper explores a range of connotations linked to third‐sector resilience and explores contemporary evidence (including the papers in this Special Issue) as to how the sector identifies, manages, and learns from crises. In addition, it provides a brief outline research agenda as a basis for encouraging researchers to focus on resilience in TSOs and enhance knowledge. It is argued that more rigorous, evidence‐based research of this nature has the potential to positively influence practice in the sector, as well as policy formulation by government and others who steer TSOs.

Citation

Hyndman, N., Lapsley, I., & Liguori, M. (2024). The slings and arrows of outrageous fortune: Exploring resilience in the third sector. Financial Accountability and Management, 40(3), 247-259. https://doi.org/10.1111/faam.12400

Journal Article Type Article
Acceptance Date May 13, 2024
Online Publication Date Jun 3, 2024
Publication Date 2024-08
Deposit Date May 17, 2024
Publicly Available Date Jun 13, 2024
Journal Financial Accountability and Management
Print ISSN 0267-4424
Electronic ISSN 1468-0408
Publisher Wiley
Peer Reviewed Peer Reviewed
Volume 40
Issue 3
Pages 247-259
DOI https://doi.org/10.1111/faam.12400
Keywords resilience, charity, third sector, crisis, credit union
Public URL https://durham-repository.worktribe.com/output/2443079

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