Advance
Preprints are early versions of research articles that have not been peer reviewed. They should not be regarded as conclusive and should not be reported in news media as established information.
Financial Stewardship of Cooperatives-Edited.docx (89.65 kB)
Download file

Financial Stewardship of Cooperatives

Download (89.65 kB)
preprint
posted on 22.03.2022, 18:22 authored by GERRY GATAWAGERRY GATAWA
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 interest

Corresponding author email

holygerry@yahoo.com

Lead 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

Comments

Log in to write your comment here...