<p>  </p> <p>The study was observed in the case of cooperatives in the municipality of La Trinidad, Benguet, Philippines but it can bring practical implications to cooperatives and collective organizations. Working capital management (WCM) is a core management function that should be fully implemented to ensure accuracy and adequate control of short-term assets and short-term liabilities. The study used survey questionnaire using a 4-point Likert scale among 66 cooperatives. The result shows that the cooperatives almost implemented WCM indicating that they give importance on the accuracy and control of their current assets, current liabilities and net working capital. This gives an implication that modern managers of cooperatives are concern about their business flow and that they ensure that the resources entrusted upon them by the members are properly managed. The cooperatives are models for good WCM practices wherein they ensure enough capacity and turnover of their current assets in order to pay their obligations on time. This gives a favorable prospect that cooperatives nowadays are continuously improving in the area of business and their leaders and managers are becoming proficient in business management.</p>

<p>The study intends to reflect collectivism in the vision, mission and goals of cooperatives. As observed, cooperatives are realistic embodiment of this philosophy in which their members form cooperatives or they join cooperatives because through collective efforts, they can be better off in their economic, social and political status. This study employs a qualitative design using document analysis on the submitted social audit and performance audit of cooperatives. As a strategy, the VMGs were subjected to semantic analysis to create themes that are primarily related to economic, social and political. The study utilizes 482 submitted audit reports to the Cooperative Development Authority (CDA) in the Philippines. The study reflects that collectivism is embedded in the VMGs of cooperatives. It manifests that the members’ collective aspirations in terms of economic, social and political are codified and these serve as qualitative backbones that guides the members and their officers in their actions. The study implies that indeed cooperatives are institutions that embody collectivism and they are viable institutions that can improve the economic, social and political conditions of a group or people. Hence, this study suggests that the propagation of cooperatives in communities needs to be encouraged and public policy must be strengthen to make them stable and operational. </p>

This paper aims to explore the concept of stewardship theory applied in the finances of cooperatives. It analyzed patterns between total receivables and gross income, total assets and net surplus, total equity and total assets, number of members and paid-up shares, and paid-up shares and retained earnings over a 7-year panel data of audited financial statements of 657 cooperatives in the seven (7) provinces of the Cordillera Administrative Region, Philippines. A curve estimate was used to interpret the cooperatives’ commitment to stewardship theory as applied in their finances. The result reveals weaknesses in terms of the cooperatives’ commitment to stewardship theory that could bring negative impact on their financial performance. The result brings practical implication which recommends that the cooperative leaders, members and employees must have greater commitment to financial stewardship.

This paper explored the values and principles of cooperativism in the financial management practices of cooperatives. This paper argues that the values and principles are embedded on the financial indicators particularly in the observable patterns of growth in membership and in the paid-up capital.

<p>  </p> <p>The study was observed in the case of cooperatives in the municipality of La Trinidad, Benguet, Philippines but it can bring practical implications to cooperatives and collective organizations. Working capital management (WCM) is a core management function that should be fully implemented to ensure accuracy and adequate control of short-term assets and short-term liabilities. The study used survey questionnaire using a 4-point Likert scale among 66 cooperatives. The result shows that the cooperatives almost implemented WCM indicating that they give importance on the accuracy and control of their current assets, current liabilities and net working capital. This gives an implication that modern managers of cooperatives are concern about their business flow and that they ensure that the resources entrusted upon them by the members are properly managed. The cooperatives are models for good WCM practices wherein they ensure enough capacity and turnover of their current assets in order to pay their obligations on time. This gives a favorable prospect that cooperatives nowadays are continuously improving in the area of business and their leaders and managers are becoming proficient in business management.</p>