On Determinants of Cooperatives’ Perceived Effectiveness in Terms of Financial and Social Performance
Cooperatives are vital in the economy, hence, it is practically important to examine the factors that may influence their performance. This study focused on determining the factors that predict cooperatives' perceived effectiveness in terms of financial and social performance in Eastern Visaya...
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| Format: | Article |
| Language: | English |
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University of Negros Occidental-Recoletos Graduate School
2022-03-01
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| Series: | Philippine Social Science Journal |
| Subjects: | |
| Online Access: | https://philssj.org/index.php/main/article/view/492 |
| _version_ | 1817975592399667200 |
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| author | Angelita L. Paradero Danilo M. Te Leomarich F. Casinillo |
| author_facet | Angelita L. Paradero Danilo M. Te Leomarich F. Casinillo |
| author_sort | Angelita L. Paradero |
| collection | DOAJ |
| description |
Cooperatives are vital in the economy, hence, it is practically important to examine the factors that may influence their performance. This study focused on determining the factors that predict cooperatives' perceived effectiveness in terms of financial and social performance in Eastern Visayas, Philippines. A random sampling technique was employed to gather primary data to 438 respondents composed of the board of directors, managers, officers, and members. For data analysis, Partial Least Square-Structural Equation Modeling (PLS-SEM) was utilized to analyze the Likert scale data based on the survey participants' responses. Results showed that cooperatives' governance, members' participation, and training and development significantly predicted cooperatives' perceived effectiveness in terms of financial and social performance. Hence, management of the cooperatives should develop a culture of effective governance that includes transparency, management accountability, and members' democratic participation; encourage members' economic participation and; conduct periodic training to help the cooperatives attain their social and financial goals.
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| first_indexed | 2024-04-13T21:51:58Z |
| format | Article |
| id | doaj.art-95a97c0a727f4d519bb23920c879ae0d |
| institution | Directory Open Access Journal |
| issn | 2672-3107 2704-288X |
| language | English |
| last_indexed | 2024-04-13T21:51:58Z |
| publishDate | 2022-03-01 |
| publisher | University of Negros Occidental-Recoletos Graduate School |
| record_format | Article |
| series | Philippine Social Science Journal |
| spelling | doaj.art-95a97c0a727f4d519bb23920c879ae0d2022-12-22T02:28:24ZengUniversity of Negros Occidental-Recoletos Graduate SchoolPhilippine Social Science Journal2672-31072704-288X2022-03-015110.52006/main.v5i1.492On Determinants of Cooperatives’ Perceived Effectiveness in Terms of Financial and Social PerformanceAngelita L. Paradero0Danilo M. Te1Leomarich F. Casinillo2Visayas State University, Baybay City, Leyte, PhilippinesAteneo de Davao University, Davao City, PhilippinesVisayas State University, Baybay City, Leyte, Philippines Cooperatives are vital in the economy, hence, it is practically important to examine the factors that may influence their performance. This study focused on determining the factors that predict cooperatives' perceived effectiveness in terms of financial and social performance in Eastern Visayas, Philippines. A random sampling technique was employed to gather primary data to 438 respondents composed of the board of directors, managers, officers, and members. For data analysis, Partial Least Square-Structural Equation Modeling (PLS-SEM) was utilized to analyze the Likert scale data based on the survey participants' responses. Results showed that cooperatives' governance, members' participation, and training and development significantly predicted cooperatives' perceived effectiveness in terms of financial and social performance. Hence, management of the cooperatives should develop a culture of effective governance that includes transparency, management accountability, and members' democratic participation; encourage members' economic participation and; conduct periodic training to help the cooperatives attain their social and financial goals. https://philssj.org/index.php/main/article/view/492Cooperatives, Financial and social performance, Cooperative’ members, Structural Equation Modeling, Philippines |
| spellingShingle | Angelita L. Paradero Danilo M. Te Leomarich F. Casinillo On Determinants of Cooperatives’ Perceived Effectiveness in Terms of Financial and Social Performance Philippine Social Science Journal Cooperatives, Financial and social performance, Cooperative’ members, Structural Equation Modeling, Philippines |
| title | On Determinants of Cooperatives’ Perceived Effectiveness in Terms of Financial and Social Performance |
| title_full | On Determinants of Cooperatives’ Perceived Effectiveness in Terms of Financial and Social Performance |
| title_fullStr | On Determinants of Cooperatives’ Perceived Effectiveness in Terms of Financial and Social Performance |
| title_full_unstemmed | On Determinants of Cooperatives’ Perceived Effectiveness in Terms of Financial and Social Performance |
| title_short | On Determinants of Cooperatives’ Perceived Effectiveness in Terms of Financial and Social Performance |
| title_sort | on determinants of cooperatives perceived effectiveness in terms of financial and social performance |
| topic | Cooperatives, Financial and social performance, Cooperative’ members, Structural Equation Modeling, Philippines |
| url | https://philssj.org/index.php/main/article/view/492 |
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