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