RETRACTED: Resilient to Crises: How Cooperatives Are Adapting Sustainably to Overcome COVID-19-induced Challenges

Dave, Mohit

doi:10.1177/0973005221991624

Cited by 16 publications

(21 citation statements)

References 12 publications

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“…(Haleem et al, 2020). (Dave, 2021) claims that because to the COVID-19 outbreak and its associated economic and social effects, the globe is currently experiencing a period of unprecedented uncertainty. It is a moment when previously unthinkable things are suddenly a reality.…”

Section: Covid-19 Pandemicmentioning

confidence: 99%

An Electronic Company Employees’ Multi-Purpose Cooperative: Analysis of Cooperative’s Financial Performance During the Pandemic for Fy 2019 – 2021

Bustillo¹,

N.Abadiano²,

Chan³

2022

IJSMS

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This study aims to evaluate the audited financial statements of the Electronic Company Employees' Multi-Purpose Cooperative.The findings and results serveas the basis for recommendations on how to raise the cooperative's financial performance.This study aims to provide potential courses of action and approaches that could help in improving cooperative financial operations for the years 2019 to 2021 using Financial Statement Performance Analysis as its main tool. In order to calculate the financial ratios and provide a comparative financial statement for the Electronic Company Employees' Multi-Purpose Cooperative, this study used documentary analysis as a technique. For the purpose of analyzing the Employees' Multi-Purpose Cooperative's business operations, the researcher gathered the documents from the data mined there. The results of the study are expected to aid Cooperative in improving.To ascertain such, the proponents established Employees’ Multi-Purpose Cooperative performance using the financial statement analysis; comparative statement of financial position, comparative statement of comprehensive income (Horizontal and Vertical Analysis), and statement of cash flow analysis. The ratios that evaluate profitability and performance that were utilized are as follows (1) Operating Profit Margin (2) Current Ratio (3) Debt Ratio and (4) Debt to Equity Ratio (5) Return On Assets and (6) Return On Equity.The following conclusions were reached after studying the financial statement in comparison analysis: The current assets are slightly up by 6%, especially the loans and accounts receivable from 2019 to 2020 and 0.88% for 2020 to 2021. Since the cooperative is a lending and savings business, member loans, capital accumulation, deposits, and other investments of the assets account for the majority of the cooperative's earnings. It was said that for the first two (2) months of coverage, the multinational Electronic Company, where the member-owners of the cooperative work, was in lockdown and pre-pandemic circumstances. Due to the Electronic Company's "No Work, No Pay" policy, there were no collections during that time period. As a result, throughout that time there are stagnant assets and fewer obligations. It is a result of decreasing member savings, rising non-performing loans, restricted debt recovery, and withdrawals from membership. This also has an impact on the restricted cash-in and cash-out, which raises the amount of cash and cash equivalent by roughly 50.95% for year 2020~2021, but results in low loan releases because the borrowers have already taken full advantage of all available loans, thus the situation becomes stationary. Total liabilities for the cooperative went up by 9% from 2019 to 2020 and went down by 2.44% from 2020 to 2021. As it is not earning at the time of the epidemic but will instead pay the necessary earned interest, this strengthens the cooperative's claim that it has duties, notably to the deposit liabilities. However, the cooperative has sufficient cash on hand to cover its short-term debts and obligations. The result of its profitability ratios such as Operating Profit Margin and Return on Assets was mostly considered as good, which means the cooperative can pay itsobligations to the members anytime. It is also determined that the cooperative services had a better debt ratio, which means that the liabilities are lower compared with the assets. Anytime the depositor withdraws their deposits it can immediately be released and pay offmembers’ obligations and it means that the cooperative is ata low-risk level, based on the comparative financial statements, the cooperative is able to generate profits from its operations. The following recommendations were offered as a result that the profitability ratios explaining that the business was less well utilizing its assets.Outside of its current operations, the cooperative is encouraged to make investments for the benefit of its members. Management of hotel operations, joint transportation ventures, gas station linking to vehicle loans as captured market by members who own vehicles or cars, medical care, health insurance, mortuary services, apartment and boarding houses where many of the workers in Lapu-Lapu come from outside Cebu are examples of joint ventures made with other existing cooperatives. In the Visayas region, specifically in the Philippines, Mactan, Lapu-Lapu City, and Cebu, it is also possible to have housing loan or real estate as a developer for the members and extend to the community level because the area needs a basic and affordable shelter and turns into their own assets for them to safely keep their individual living.

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Section: Covid-19 Pandemicmentioning

confidence: 99%

An Electronic Company Employees’ Multi-Purpose Cooperative: Analysis of Cooperative’s Financial Performance During the Pandemic for Fy 2019 – 2021

Bustillo¹,

N.Abadiano²,

Chan³

2022

IJSMS

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“…Strong affinity in their relationships positively affects personal and community values, which emanate from social capital and increase group and individual values. The farmer's ability and competence possibly influence the outcome of social capital [22]. Trusting behavior and trustworthiness occur in social connections, enhanced by community interaction.…”

Section: Research Development and Hypothesesmentioning

confidence: 99%

Knowledge sharing behavior among farmers in Indonesia: Does social capital matter?

Zain¹,

Ibrahim²,

Musdalifah³

2022

AJFAND

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Social capital has three important dimensions, namely, cognitive, relational and structural. It has a crucial role to enhance farmers’ income and knowledge in some developing countries. However, there is a lack of studies which validate the role of social capital to farmers’ income and knowledge sharing. The aims of this study are to examine the role of farmers’ social capital on knowledge sharing behavior through farmer community and personal expectations. The recent study also examines how mediators’ variables (individual and community expectations) influence farmers' knowledge sharing behavior. The study sample consisted of 720 Indonesian rice farmers from Sulawesi districts and Structural Equation Modeling (SEM) was used to test the research hypotheses. The empirical result indicates that structural, cognitive and relational social capital have a positive role in farmers' expectations. They facilitate community members in rural areas and connect people locally and regionally, as mediator variables, personal and community expectations also emerged as tools where people can explore, interact and share their expertise to develop knowledge sharing behavior. However, community expectations have a greater effect on facilitating knowledge sharing among farmers than personal expectations. This study provided insights on developing and enhancing farmers' economic and social life, which was neglected in prior studies. This research contributes to the literature on social capital theory and social connectedness. Hence, the farmers and the local government should address and identify their objective and rational concerns to improve their social capital. In addition, social capital also enhances the content and processes of farmers’ interactions to foster communication and value propositions in creating unique and valuable experiences. Local government should be aware of the essential components of interaction and effective two-way communications among farmers. Furthermore, social capital can also be treated as a tool that allows farmers to share their expertise and knowledge. The community and local government should solve problems for farmers in the future since it is easier and faster to access information and knowledge about production processes. Social capital also has economic and social value, enhancing a sense of belonging among farmers. Key words: Social capital, Farmer expectation, Knowledge Sharing behavior, Developing countries

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“…While trying to curb the COVID-19 pandemic most of the nations have imposed partial or full lockdown in their respective cities and villages, which has changed the buying pattern of customers drastically. Even buying essential products for day-to-day life has become more challenging for them due to heavy restrictions (Dave 2021). Though, the concerned government of each nation has laid down the trading time of essential products between 2 and 3 hours with following social distancing norms necessarily.…”

Section: Branding During Covid-19 Pandemicmentioning

confidence: 99%

Disclosure of Silent Branding During COVID-19 Pandemic: A Study of Sarsiwa Village in Chhattisgarh State of India

Agrawal

2021

International Journal of Rural Management

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The study tried to explore the adopted branding strategy in trading essential goods in lockdown during the COVID-19 pandemic. The lead researcher observed the buying behaviour of 600 rural customers as a participant–observer in grocery shops. Additionally, he interviewed five grocery shopkeepers in that village to cross-check the customers’ observations. The study categorised these observations into similar themes using content analysis. The sorting of the study data resulted in six main categories. Out of six categories, two are the most important, which reveal that customers don’t want to compromise with their choice of products/brands even in this adverse situation and they ask their preferred products/brands in code word very often to their nearby shopkeepers. Actually, these code words are the impact of silent branding of a product in their mind. The current study reveals that silent branding works long-lasting for customers and could be beneficial for firms. The study imperatively adds the concept of silent branding in the existing literature on branding.

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RETRACTED: Resilient to Crises: How Cooperatives Are Adapting Sustainably to Overcome COVID-19-induced Challenges

Cited by 16 publications

References 12 publications

An Electronic Company Employees’ Multi-Purpose Cooperative: Analysis of Cooperative’s Financial Performance During the Pandemic for Fy 2019 – 2021

An Electronic Company Employees’ Multi-Purpose Cooperative: Analysis of Cooperative’s Financial Performance During the Pandemic for Fy 2019 – 2021

Knowledge sharing behavior among farmers in Indonesia: Does social capital matter?

Disclosure of Silent Branding During COVID-19 Pandemic: A Study of Sarsiwa Village in Chhattisgarh State of India

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