Regresar

Financial performance explained through the cooperative principles. A study in the Ecuador savings and cbkp_redit cooperatives

Abstract:

The aim of the article is to analyze the influence that the application of the cooperative principles of the International Cooperative Alliance (ACI) has on the financial performance of the savings and cbkp_redit cooperatives in the central zone of Ecuador in 2017. For this purpose, a survey of cooperative members and financial information was obtained from the Superintendency of Popular and Solidarity Economy. For data analysis, the nonparametric binary logistic regression technique was used to evaluate the impact of cooperative principles as determinants of the financial performance of said entities in the period under study. It is evident that with the greater economic participation of partners the profitability will improve. On the other hand, the activities of self-management and independence can generate high costs assumed by the cooperatives, diminishing patrimonial sufficiency.