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The Effects of Managers? Characteristics and Perspectives on the Financial Performance of Thai Agricultural Cooperatives

Author

Listed:
  • Suwanna Thuvachote

    (Department of Cooperatives, Faculty of Economics, Kasetsart University)

  • Nuttiporn Phetphong

    (Kasetsart University)

Abstract

Over the last few decades, cooperatives in Thailand have become larger, more complicated and market oriented. As a result, demand for high-quality managers in cooperatives increases. A manager who understands his or her duties and functions and with good personality, responsibility, relationship with others is a great asset of a cooperative. This paper, empirically tests the hypothesis that the characteristics and perspectives of managers affect the performance of cooperative specifically, the financial performance. Two sets of data are used. The first data set is 2011 annual cooperative financial information from Cooperative Auditing Department. The second data set is from a survey of the managers of agricultural cooperatives using mailed questionnaire. A total of 421 self-administered questionnaires were distributed to the managers of all large agricultural cooperatives in Thailand (those with more than 1,000 members). Of the 421 managers, 258 responded, and 255 were usable. Regression analysis is applied to test the hypothesis. The study results show that overall, the managers? characteristic and perception variables used in the model have limited explanatory strength on financial performance of the cooperatives, both in terms of return on assets and return on equity. Despite the limitation, the experiences as cooperative managers, his or her participation in financial training program and perception on cooperative principles could positively increase the return on assets of the society although the magnitude is quite small.

Suggested Citation

  • Suwanna Thuvachote & Nuttiporn Phetphong, 2014. "The Effects of Managers? Characteristics and Perspectives on the Financial Performance of Thai Agricultural Cooperatives," Proceedings of International Academic Conferences 0100604, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:0100604
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    References listed on IDEAS

    as
    1. Adrian, John L., Jr. & Green, Thomas Wade, 2001. "Agricultural Cooperative Managers And The Business Environment," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 19(1), pages 1-17.
    2. Azzam, Azzeddine M. & Turner, Michael S., 1991. "Management Practices and Financial Performance of Agricultural Cooperatives: A Partial Adjustment Model," Journal of Agricultural Cooperation, National Council of Farmer Cooperatives, vol. 6, pages 1-10.
    3. Hall, John H. & Geyser, J.M., 2004. "The Financial Performance Of Farming Co-Operatives: Economic Value Added Vs Traditional Measures," Working Papers 18084, University of Pretoria, Department of Agricultural Economics, Extension and Rural Development.
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    Keywords

    managers; financial performance; agricultural cooperatives;
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