Browse > Article
http://dx.doi.org/10.5865/IJKCT.2021.11.4.087

Relationship Between Co-operative Society Governance And Members Satisfaction: A Case Study of the Ambrose Alli University Workers/Farmers Multi-Purpose Cooperative Society, Edo State, Nigeria  

Ekhorutomwen, Asemota Abel (Department of Banking and Finance, Ambrose Alli University Coast)
Peters, Ojeakeri Benson (Ambrose Alli University)
Publication Information
International Journal of Knowledge Content Development & Technology / v.11, no.4, 2021 , pp. 87-99 More about this Journal
Abstract
The study examines the relationship between co-operative society governance and members' satisfaction. Co-operative societies face problems of how to keep balance between efficiency and governance because those in charge of operations of co-operative; the board and the staff must meet two demands i.e. good business practice and the social responsibility which involves the satisfaction of members. The objective of this study is to examine the relationship between co-operative governance and members' satisfaction using Ambrose Alli University Workers/Farmers Multi -Purpose the Co-operative Society as a case study. The data collected in this study were obtained through structured questionnaire. Data analyzed were subjected to descriptive statistics and graphs. The data analyzed indicated that the challenges facing the co-operative society include theft /fraud and mismanagement. Members agitated for transformation of the co-operative society to operate in line with the guidelines of the Central Bank of Nigeria. It was recommended that for efficiency and high productivity, staff should be trained. Also there is need for innovative technology and the necessity for the cooperative society in question to network with other organizations.
Keywords
Co-operative Society; Governance; Innovative Technology; Monitoring Right; Training;
Citations & Related Records
연도 인용수 순위
  • Reference
1 Schumpeter, J. A. (1934). The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle. New Brunswick, NJ: Transaction Publishers. https://www.researchgate.net/publication/272398717
2 Hansmann, H. & Kraakman, R. (2001) 'The End of History for corporate Law,' Georgetown Law Journal, 89, 439-68. Google Scholar
3 Haslinda, A., & Valentine, B. (2009). Fundamentals and ethics theories of corporate governance. Middle Eastern and Economics, 4, 88-96. http://www.Eurojournals.com/MEFE.htm
4 Helms, J. E. (2005). Challenging some misuses of Reliability in Studying White racial Identity. In R Carter (ed), Handbook of racial-cultural Psychology and Counseling, 1.360-390. Hoboken, NJ: Wiley. https://dergipark.org.tr/tr/download/article-file/174011
5 Jensen, M. C., & Meckling, W. H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3, 305-360. North-Holland Publishing Company. https://www.sciencedirect.com/science/article/pii/0304405X7690026X   DOI
6 Kobia, S. K. (2011). The Co-operative movement in Kenya: Challenges and Opportunities. Nairobi: Lukiko Consulting Trust. https://www.worldcat.org/title/co-operative-movement-in-kenya
7 Kotler, P. (2009). Marketing Management. USA: Prentice Hall Publication Inc.
8 Manap, N. A., & Tehrani, P. M. (2014). The Contribution of cooperative Law to Economic Development in Malaysia. Asian Social Science, 10(15), 283-290. DOI: 10.5539/ass.v10n15p283.   DOI
9 Misra S. K., & Puri, V. K. (2008). Indian Economy. Publishing House, 26th Edition, New Delhi. https://www.academia.edu/1968006/Indian
10 Nkundabanyanga, S. K. (2016). Board of Governance, Intellectual Capital and Firm Performance:
11 Importance of multiplicative Effects. Journal of Economic and Administrative Sciences, 32, 20-45. https://doi.org/10.1108/JEAS-09-2014-0020   DOI
12 Anderson, F. M. (2004). Customer Satisfaction and Shareholder Value. Journal of Marketing, 72-185. https://doi.org/10.1509/jmkg.68.4.172:42723   DOI
13 Ben-Ner, A., & Van Hoomissen, T. (1991). Nonprofit Organizations in the mixed Economy. Annuals of Public and cooperative Economics. https://doi.org/10.1111/j.1467-8292.1991.tb01366.x   DOI
14 Birchall, J. (2003). Rediscovering the co-operative Advantage: Poverty Reduction through Self Help (pp.20-25). Geneva: ILO. Doi/full/10.1080/23311975.2017.1284391   DOI
15 Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Towards Stewardship Theory of Management. Academy of Management Review, 22, 20-27. https://doi.org/10.5465/amr.1997.9707180258.   DOI
16 Bygrave, W. D., & Timmons, J. A. (1992). Venture capital at the crossroads. Cambridge, MA: Harvard Business Press.
17 Clarke, T. (2004). Theories of Corporate Governance: The Philosophical Foundations of Corporate Governance. Manitoba: Routledge, Taylor and Francis Group: London and New York.
18 Dail, C. M., Dalton, D. R., & Canella, A. A. (2003). Corporate Governance: Decades of Dialogue and Data. Academy of Management Review, 28, 371-382. http://www.jstor.org/stable/30040727   DOI
19 Gertler, M. (2001). Rural Cooperative and Sustainable Development, Saskatoon SK: Centre for the Study of Cooperatives, University of Saskatchewan. https://www.researchgate.net/publication/23520553
20 Gianviti, F. (2005). Economic, Social and Cultural Rights and the International Monetary Fund. Washington DC: International Monetary Fund. https://www.imf.org/external/np/leg/sem/2002/cdmfl/eng/gianv3.pdf
21 Alianza cooperative Internacional. (1995). XXXI IC Acongress Manchester Agenda and Reports. Review of International Cooperation, 88, 22-23. https://books.google.com.ng/books?id=714_ngEACAAJ&dq=inauthor
22 Grove, F. (1985). What is Cooperative? The Philosophy of Cooperation and its Relationship to Cooperative Structure and Operations, Madison: UWCC Occasional paper No. 6. https://www.researchgate.net/publication/46446457
23 Levin, M. (2002). The Promotion of Cooperatives: ILO Cooperative Branch. https://www.ica.coop/europe/ra2002/speech.
24 Kothari, C. R. (2003). Research Methodology: Methods and Techniques. New Delhi: WishwaPrakashn. https://www.academia.edu/33779875
25 Bhimani, A. (2008). Making Corporate Governance Count: The Fusion of Ethics and Economic Rationality. Journal of Management and Governance, Boston, 12, 135-147. https://EconPapers.repec.org/RePEc:kap:jmgtgv:v:12:y:2008:i:2:p:135-147.   DOI
26 Dasgupta, P. & Serageldin, i. (2000). Social Capital: A Multifaceted Perspective. Washington DC: World Bank. http://www.serageldin.com/Attachment/xzNufO9URZ_20150209150531352.pdf
27 Mwanja, B. K., Marangu, W. N., Wanjere, D. M., Kuria, J., & Thuo, K. J. (2014). Effect of corporate Governance on Performance of Savings and Credit co-operative Societies in Kakamega county. European Journal of Business and Management, 6, 123-136. https://core.ac.uk/download/pdf/234625845.pdf
28 Nwankwo, F., Ewuim, N. & Asoya N. P. (2012). Role of Cooperatives in Small and Medium Scale Enterprises Development in Nigeria: Challenges and the Way Forward. An International Multidisciplinary Journal, Ethiopia 6(4), 140-156. https://www.academia.edu/29055331
29 Taimni, K. K. (1997). Cooperatives in the New Environments: A Study of the Role of the Registrar of Cooperative Societies in Selected Countries in Asia, Rome: FAOUN. https://mpra.ub.uni-muenchen.de/23161
30 Abell, P. (2004). Cooperative Movement, Encyclopedia Encarta 2004 Edition
31 Anyanwu, J. C., A. Oyefusi, H. Oikhenam, & F. A. Dimowo (1997). "The Structure of the Nigerian Economy". Joan Educational Publisher Ltd. Onitsha, Nigeria. pp 594-595.
32 Agbasi, O. (2010). The Role of cooperative in entrepreneurial Development, in Nkamnebe, A. D. and Nwankwo, F. (eds.) Capacity Building in Management and Entrepreneurship for Sustainable Development, Nimo: Rex Charles and Patrick. http://dx.doi.org/10.4314/afrrev.v6i4.1   DOI
33 Nafziger, E. W. (2006). Economic Development (4th edition), New York: Cambridge University Press: New York.
34 Ijere, M. O. (1998). Agricultural Credit and Economic Development. In: Ijere, M. O. Okorie, A. (ed) Readings in Agricultural Finance. Longman Lagospp. 4-9
35 Djankov, S., Qian, Y., Roland, G., & Zhuravskaya, E. (2007). What makes a successful Entrepreneur? Evidence from Brazil. Washington DC. World Bank. Working Paper No 104. https://www.nes.ru/files/Preprints-resh/WP104.pdf