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. ,
The Influence of Financial Knowledge, Financial Skills, and Financial Attitudes on the Financial Behavior of MSME Entrepreneurs in West Sumatra
Financial literacy is one of the life skills that every human being, including entrepreneurs, must possess. Financial literacy (which consists of financial knowledge, skills, and attitudes) is something that can encourag...
Effects of the Financial Crisis of 2007/2008 on the Performance of the Cement Industry in Nigeria
The study examined the effects of the financial crises of 2007/2008 on the performance of the cement industry in Nigeria. The study's objectives were to examine the effects of the financial crises on the profitability of...
Business Incubator Management toward Economic Independence at the Boarding School (Study at Pondok Pesantren Nurul Islam, Mojokerto)
Pondok Pesantren Nurul Islam Pungging Mojokerto (NURIS) equips its santri with structured formal education. Problems are experienced when this boarding school has been productive in the field of education but is still pa...
Tax Sustainability: The Effectiveness and Contribution of Land and Building Taxes to Regional Original Revenue in Yogyakarta City, Indonesia
The principle of decentralization has been emphasized since the existence of regional autonomy to manage its resources. Various regional regulations that originally had to be approved by the central government in advance...
Environmental Uncertainty in The Effect of Transfer Pricing on Tax Avoidance
One of the tax avoidance schemes undertaken by companies, especially multinational companies, is transfer pricing. Transfer pricing decisions in tax avoidance can depend on environmental uncertainty. This research analyz...