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Governance of Co-operative Organizations: A Social Exchange Perspective

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  • Iiro Jussila
  • Sanjay Goel
  • Pasi Tuominen

Abstract

This paper introduces social exchange theory as a promising framework for analyzing co-operative organizations and a helpful tool for deepening our understanding of their governance. We suggest that social exchange is one of the foundational elements of co-operation among member-owners as it provides the impetus for initiating organized co-operative activity among those actors, which is then facilitated with formal co-operative arrangements. Further, we suggest that there is a connection between key constructs of social exchange, e.g. members¡¯ motivations for exchange, the resources they exchange, and the forms the exchange takes, and the sustainability and success of co-operative exchange relationships. Overall, the ideas set forth in this paper may offer a number of avenues for future research, especially in the area of formation, governance, and management of co-operative organizations.

Suggested Citation

  • Iiro Jussila & Sanjay Goel & Pasi Tuominen, 2012. "Governance of Co-operative Organizations: A Social Exchange Perspective," Business and Management Research, Business and Management Research, Sciedu Press, vol. 1(2), pages 14-25, June.
    • Handle: RePEc:jfr:bmr111:v:1:y:2012:i:2:p:14-25
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    References listed on IDEAS

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    Cited by:

    1. Venus Sofia Espinas & Joseph Bryan Guerzon & Pauline Joy Mijares & Benz Arian Sibala & Joan Zinampan & Assoc. Prof. Zandro Estella, 2022. "The Strategies Used by Selected Multi-Purpose Cooperatives in Quezon City in Maintaining Members’ Commitment in Times of Pandemic: A Case Study," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(10), pages 642-648, October.
    2. Iiro Jussila & Sanjay Goel & Heidi Tuominen, 2012. "Member Commitment in Co-operatives: The Utilitarian Approach," Business and Management Research, Business and Management Research, Sciedu Press, vol. 1(3), pages 9-16, September.
    3. Hintz, Kendisha Soekardjo & Pretzsch, Jürgen, 2023. "Smallholder perceptions of and willingness to participate in Forest Farmers' Organizations: Insights from case studies in Ethiopia and Tanzania," Forest Policy and Economics, Elsevier, vol. 149(C).
    4. Damion Jonathan Bunders & Agnes Akkerman, 2023. "Commitment issues? Analysing the effect of preference deviation and social embeddedness on member commitment to worker cooperatives in the gig economy," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 44(4), pages 1007-1026, November.
    5. Solomon Sambulu Musembi & Dr. Anne Christine Kabui & Dr. Joseph Nzomoi, 2024. "Effect of Composition of Board of Directors on Performance of Mission Hospitals in Kitui County, Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(7), pages 973-986, July.
    6. Rosas Saila & Jussila Iiro & Tuominen Pasi, 2012. "Leading Together for Mutual Benefit: Shared Leadership in the Context of Co-operative Banking," Business and Management Research, Business and Management Research, Sciedu Press, vol. 1(4), pages 99-108, December.
    7. Marie Allen & Sophie Tessier & Claude Laurin, 2023. "Corporate Social Responsibility of Financial Cooperatives: A Multi-Level Analysis," Sustainability, MDPI, vol. 15(6), pages 1-27, March.

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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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