Credit Unions and Cooperative Banking in Developed and Developing Countries

Taylor, Ryland A.

doi:10.1111/j.1467-8292.1974.tb00784.x

Cited by 7 publications

(8 citation statements)

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“…Co-operative societies in Nigeria operate at three levels: the primary, secondary and tertiary. The primary societies operate at the level of a community, the secondary society operate at the level of the local government area, while the tertiary or apex co-operative societies operates across the local government areas but within the state (Taylor, 1974). The basic concept of internal control system as stated by Committee of Sponsoring Organizations on internal control frame work (COSO) is to identify risk, detect and prevent fraud in an entity.…”

Section: Conceptual Reviewmentioning

confidence: 99%

Evaluation of Internal Control System on the Performance of Cooperative Societies in Selected Tertiary Institutions in Ondo State, Nigeria

2020

EJAAFR

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The study assessed the internal control systems on performance of cooperative societies in some selected tertiary institutions in Ondo States, Nigeria. A stratified sampling technique was adopted for the study. The data were collected from members of registered cooperative societies in the selected tertiary institutions in the study area using structured questionnaire. The statistical tools used include de, Likert ratings, regression analysis and paired sample t-test. Results revealed that the selected cooperative societies often use all the key internal control measures which influence their performance, which include authorization measure (p = 0.027), arithmetic and accounting measures (p = 0.000), as well as budgetary measures (p = 0.001. The study recommended that cooperative societies in the tertiary institutions should strengthen their internal controls to ensure good performance

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Section: Conceptual Reviewmentioning

confidence: 99%

Evaluation of Internal Control System on the Performance of Cooperative Societies in Selected Tertiary Institutions in Ondo State, Nigeria

2020

EJAAFR

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“…Effectiveness of the regulatory framework for cooperatives depends on the following factors: Transition from state monopoly to liberalized markets (Develtere et al. ; Birchall and Simmons ). Government pressure on cooperatives to grow quantitatively rather than qualitatively (Lele ) and/or to transmit development policies in a top‐down fashion (Taylor ; McKillop and Wilson ; Wiggins and Rogaly ). Prudential regulation of SACCO credit operations and according effectiveness of financial management (McKillop and Wilson ); in Europe auxiliary prudential regulation has performed well (Cuevas and Fischer ). Political interference particularly in the credit operations (Wiggins & Rogaly ; Barry and Tacneng ) in the forms of bending of lending principles or the provision of subsidized loan funds. External credit has a profound effect on a SACCO or savings group.…”

Section: Literature Reviewmentioning

confidence: 99%

How Cooperative Are Savings and Credit Cooperatives in Developing Countries?: An Analysis of Datasets From Uganda

Schmidt

2016

Ann Public Coop Econ

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Building successful savings and credit cooperatives (SACCOs) that actually embody the cooperative principles is a challenge to development agencies. Although SACCOs form the majority of microfinance providers in many developing countries, the most recent literature on microfinance governance and performance has given little reference to the longstanding body of relevant cooperative literature. SACCO representation in microfinance datasets is biased. Drawing on so-far unexploited datasets of Ugandan SACCOs and savings groups, this paper empirically analyses policy debate regarding SACCO-and savings group regulation. The findings point to the relevance of practically implementing the principle of 'cooperation between cooperatives' to ensure effective governance at SACCO level. Moreover, the paper introduces two new measures, based on members' savings and shares, which could become useful tools to track the application of cooperative principles in developing countries, and hence improve evidence-based policy-making for SACCOs.

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“…A diferença fundamental, entretanto, é que os usuários de tais serviços são também seus proprietários, detentores dos direitos de propriedade residuais sobre seus fluxos financeiros e seus ativos (CROTEAU, 1968;TAYLOR, 1974).…”

Section: Cooperativas De Créditounclassified

“…Primeiro, em relação a processos de decisão: ainda que tais organizações sejam de propriedade de seus usuários, a maioria deles não participa diretamente dos processos internos de decisão (FAMA;JENSEN, 1983a (CROTEAU, 1968;TAYLOR, 1974;SPENCER, 1996).…”

Section: Cooperativas De Créditounclassified

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Distribuição de resultados e desempenho de cooperativas de crédito: estudo comparativo no estado de São Paulo

Barroso¹

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Credit Unions and Cooperative Banking in Developed and Developing Countries

Cited by 7 publications

References 0 publications

Evaluation of Internal Control System on the Performance of Cooperative Societies in Selected Tertiary Institutions in Ondo State, Nigeria

Evaluation of Internal Control System on the Performance of Cooperative Societies in Selected Tertiary Institutions in Ondo State, Nigeria

How Cooperative Are Savings and Credit Cooperatives in Developing Countries?: An Analysis of Datasets From Uganda

Distribuição de resultados e desempenho de cooperativas de crédito: estudo comparativo no estado de São Paulo

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