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2018 | 106 | 117-130
Article title

Effect of Growth Drivers on Cooperative Societies

Content
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Languages of publication
EN
Abstracts
EN
A cooperative society has remained a major concern especially in the developing countries like Nigeria. This study was born out of necessity to provide answers to fundamental questions raised on cooperatives societies. The objectives of this research was to ascertain the significant relationship between growth drivers and cooperative societies and to investigate significant relationship between cooperative societies and growth drivers such as interest rate, savings plan and to determine if amount borrowed has assisted to increase welfare and satisfaction of members. The primary data was gathered using structured questionnaire. The survey method was used and a cross-sectional design was adopted. The two institution chosen are the Federal University of Agriculture, Abeokuta (FUNAAB), and Covenant University (CU). Total population of the selected cooperative society in FUNAAB is 573 and the total population of the selected cooperative society in CU is 697. The data was analysed using statistical package for the social sciences, (SPSS). It also made use of analysis of variance (ANOVA), Simple linear regression analysis was used to test hypotheses one and correlation analysis was employed to test hypothesis two. The study indicate that interest rate of cooperative societies is a significant predictor of patronage of the cooperative, it was revealed that there exist a relationship between loan repayment periods, savings plan and the satisfaction of members of the cooperative The study recommended the need for the improvement in the performance of the cooperative societies.
Year
Volume
106
Pages
117-130
Physical description
Contributors
  • Department of Business and Entrepreneurship, Kwara State University, Malete, Nigeria
  • Department of Business Administration, Federal University of Agriculture, Abeokuta, Nigeria
  • Department of Accounting, Babcock University, Ogun State, Nigeria
References
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  • [14] Rajaratnam, S. D., Noordin, N., Said, M. S. A., Juhan, R., Hanif, F. M. (2010). Success factors of co-operatives in Malaysia: An exploratory investigation. Malaysian Journal of Co-operative Studies, 6, 1-17.
  • [15] Rohana Othman, Roshayani Arshad, Nooraslinda Abdul Aris and Siti Maznah Mohd Arif. (2015). Organizational Resources and Sustained Competitive Advantage of Cooperative Organizations in Malaysia. Procedia – Social and Behavioral Sciences, 170, 120-127.
  • [16] Sarif, S.M., & Ismail, Y. (2010). Managerial roles and the training of Malaysian Co-operatives’ Managers. Malaysian Journal of Co-operative Studies, 6, 49-62.
  • [17] Zaridis, A.D. and Mousiolis, D.T. (2014). Entrepreneurship and SME’s Organizational Structure – Elements of a Successful Business. Procedia – Social and Behavioral Sciences, 148, 463-467
Document Type
article
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.psjd-4145bd5e-51f8-4991-a138-1a25efde7552
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