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Financial Stewardship of Cooperatives-Edited.docx (89.65 kB)

Financial Stewardship of Cooperatives

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posted on 2022-03-22, 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.


Saint Louis University, Baguio City, Philippines


Declaration of conflicts of interest

No conflict of interest

Corresponding author email

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.

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I read it thoroughly its a good to read Read More