Effect of democratic control and ownership dimensions on performance of agricultural cooperatives in rural Nigeria
Sofoluwe, N. A1.
This study investigates the effect of cooperative structure on its performance in the
rural sector. It focuses on democratic control and ownership structure of Agricultural
cooperatives which dominates the rural areas. Primary data collected through
structured survey instrument were obtained through multi-stage sampling procedure.
The data were fitted to multi-linear regression model after descriptive and Pearson
correlation analysis. The regression results suggests that one-member, one-vote
principle is not related to performance of agricultural cooperative societies in the
rural area. The extent to which control right is tied to members’ capital contribution
has positive and significant effect on performance of cooperatives in the rural areas.
The individual economic strength of cooperative members also exerts positive and
significant effect on cooperative performance at 5% level. The cooperative members’
economic strength could provide opportunity for investments to generate more
surpluses for the members. Thus, membership dimension in cooperatives could be a
requisite for positive outcome of cooperative enterprise most especially in the rural
areas.
Affiliation:
- Olabisi Onabanjo University, Nigeria
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