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Financial Stewardship of Cooperatives-Edited.docx (89.65 kB)
Download fileFinancial Stewardship of Cooperatives
This
paper aims to explore the concept of stewardship theory applied in the finances
of cooperatives. It analyzed patterns
between total receivables and gross income, total assets and net surplus, total
equity and total assets, number of members and paid-up shares, and paid-up
shares and retained earnings over a 7-year panel data of audited financial
statements of 657 cooperatives in the seven (7) provinces of the Cordillera
Administrative Region, Philippines. A
curve estimate was used to interpret the cooperatives’ commitment to
stewardship theory as applied in their finances. The result reveals weaknesses in terms of the
cooperatives’ commitment to stewardship theory that could bring negative impact
on their financial performance. The
result brings practical implication which recommends that the cooperative
leaders, members and employees must have greater commitment to financial
stewardship.
Funding
Saint Louis University, Baguio City, Philippines
History
Declaration of conflicts of interest
No conflict of interestCorresponding author email
holygerry@yahoo.comLead author country
- Philippines
Lead author job role
- Higher Education Faculty 4-yr College
Ethics statement
The study used publicly available audited financial statements from cooperatives. The research was covered by a Memorandum of Understanding between the Cooperative Development Authority and Saint Louis University. There is no involvement of human and animal experiments.Terms agreed
- Yes, I agree to Advance terms