Achieving Business Productivity through Social Entrepreneurship of Cooperative Societies in Nigeria
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 04
Abstract
Cooperatives around the world face pressing challenges of decreased profitability and difficulty in maintaining a competitive position in the market that hamper their societal impact and performance. This absence of targeted resources further compounds the challenges faced by cooperatives in the state, impeding their ability to invest in efficiency-enhancing technologies and infrastructure to address these pressing issues. Therefore, this study examined whether social entrepreneurship dimensions (social value creation, social learning, and social innovations) have effect on business profitability of cooperative societies. The cross-sectional survey research design was adopted using the population which comprised of 1,590 executives of co-operative societies in Ogun State, Nigeria. A sample size of 403 was determined using Raosoft calculator. A structured and validated questionnaire was utilized for data collection. Findings from multiple regression analysis revealed that social entrepreneurship dimensions had a positive and significant effect on business profitability of co-operative societies in Ogun State, business profitability (Adj.R2= 0.731, F(3, 357) = 327.410, p0.05). Cooperative societies in Nigeria need to embrace more innovative ideas This will particularly convince owners and customers to bring their money with guarantee returns on investment and interest which bring significant profit.
Authors and Affiliations
Dada, O. A. , Egwakhe, J. A. , Onu C. A. ,
Keywords
Related Articles
- EP ID EP734203
- DOI 10.47191/jefms/v7-i4-21
- Views 24
- Downloads 0
The Influence of Education and Training on the Performance of Military Personnel Through Competencies at RSAU Dr. M. Munir
The aim of this research is; 1) To describe the variables of education and training, competence and performance of military personnel at RSAU dr. M. Munir; 2) To analyze the effect of education and training on the compet...
Does Capital Intensity and Corporate Social Responsibility Influence of Tax Aggressiveness? The Role of Corporate Governance as Moderator
This study examines the effect of capital intensity and corporate social responsibility (CSR) on tax aggressiveness, with a focus on the moderating role of the audit committee in the context of corporate governance. Usin...
Corporate Planning and Sustainability of Small and Medium Scale Enterprises in Anambra State, Nigeria
This study analyzed corporate planning and sustainability of Small and Medium Enterprises in Anambra State. Specifically, the study examined how strategy formulation, implementation, and evaluation affect technical innov...
The Effect of Liquidity, Leverage, Profitability, and Company Size on Bond Ratings in Banking Sector Companies in Indonesia 2017- 2020
This study aims to detect empirical evidence regarding the effect of Liquidity, Leverage, Profitability and Company Size on bond ratings. The population in this study is banking companies listed on the Indonesia Stock Ex...
Priorities Development of Food Crops and Horticulture Agribusiness in Mojokerto Regency
Mojokerto Regency is one of the regencies in East Java with a good agricultural growth rate with a variety of superior commodities in the food and horticulture sectors. Therefore, it is necessary to know the opinion of s...