Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives

Zineb Farabi; Abdellatif Bouazza

doi:doi:10.11648/j.jfa.20221004.11

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Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives

Zineb Farabi, Abdellatif Bouazza

Published in Journal of Finance and Accounting (Volume 10, Issue 4)

Received: 16 June 2022 Accepted: 1 July 2022 Published: 12 July 2022

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Abstract

The works in corporate governance are very numerous but cannot be applied on the case of cooperatives, which constitute an exceptional organizational form from creation to profit sharing. They are business models created for the first time by their members because of the inability of the market to provide them with goods and services at affordable prices. However, the absence of good governance can lead to the financial failure of these organizations. In this paper, we have attempted to study, through a qualitative case study, the contribution of the governance of four Moroccan cooperatives, operating in four different sectors of activity in the Rabat-Salé-Kenitra region, on value creation. The data was collected through direct interviews with the presidents and managers of the four cooperatives and the administration of a questionnaire that included all aspects of the cooperatives' governance practices and their contribution to value creation. The results show that the characteristics related to the board of directors, namely the size, the presence of women, the frequency of meetings and the duality of the role of the chairman of the board of directors and the president of the cooperative, have a direct impact on the creation of value of cooperatives, thus, the discipline of the holding of general meetings and the way conflicts are managed effectively contribute to establishing a climate of trust and transparency promoting the creation of value. While the role of the supervisory board remains very limited, not allowing it to contribute to value creation.

Published in	Journal of Finance and Accounting (Volume 10, Issue 4)
DOI	10.11648/j.jfa.20221004.11
Page(s)	174-184
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Governance, Cooperatives, Value Creation

References

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Zineb Farabi, Abdellatif Bouazza. (2022). Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives. Journal of Finance and Accounting, 10(4), 174-184. https://doi.org/10.11648/j.jfa.20221004.11

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Zineb Farabi; Abdellatif Bouazza. Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives. J. Finance Account. 2022, 10(4), 174-184. doi: 10.11648/j.jfa.20221004.11

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AMA Style

Zineb Farabi, Abdellatif Bouazza. Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives. J Finance Account. 2022;10(4):174-184. doi: 10.11648/j.jfa.20221004.11

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@article{10.11648/j.jfa.20221004.11,
  author = {Zineb Farabi and Abdellatif Bouazza},
  title = {Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives},
  journal = {Journal of Finance and Accounting},
  volume = {10},
  number = {4},
  pages = {174-184},
  doi = {10.11648/j.jfa.20221004.11},
  url = {https://doi.org/10.11648/j.jfa.20221004.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20221004.11},
  abstract = {The works in corporate governance are very numerous but cannot be applied on the case of cooperatives, which constitute an exceptional organizational form from creation to profit sharing. They are business models created for the first time by their members because of the inability of the market to provide them with goods and services at affordable prices. However, the absence of good governance can lead to the financial failure of these organizations. In this paper, we have attempted to study, through a qualitative case study, the contribution of the governance of four Moroccan cooperatives, operating in four different sectors of activity in the Rabat-Salé-Kenitra region, on value creation. The data was collected through direct interviews with the presidents and managers of the four cooperatives and the administration of a questionnaire that included all aspects of the cooperatives' governance practices and their contribution to value creation. The results show that the characteristics related to the board of directors, namely the size, the presence of women, the frequency of meetings and the duality of the role of the chairman of the board of directors and the president of the cooperative, have a direct impact on the creation of value of cooperatives, thus, the discipline of the holding of general meetings and the way conflicts are managed effectively contribute to establishing a climate of trust and transparency promoting the creation of value. While the role of the supervisory board remains very limited, not allowing it to contribute to value creation.},
 year = {2022}
}

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TY  - JOUR
T1  - Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives
AU  - Zineb Farabi
AU  - Abdellatif Bouazza
Y1  - 2022/07/12
PY  - 2022
N1  - https://doi.org/10.11648/j.jfa.20221004.11
DO  - 10.11648/j.jfa.20221004.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 174
EP  - 184
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20221004.11
AB  - The works in corporate governance are very numerous but cannot be applied on the case of cooperatives, which constitute an exceptional organizational form from creation to profit sharing. They are business models created for the first time by their members because of the inability of the market to provide them with goods and services at affordable prices. However, the absence of good governance can lead to the financial failure of these organizations. In this paper, we have attempted to study, through a qualitative case study, the contribution of the governance of four Moroccan cooperatives, operating in four different sectors of activity in the Rabat-Salé-Kenitra region, on value creation. The data was collected through direct interviews with the presidents and managers of the four cooperatives and the administration of a questionnaire that included all aspects of the cooperatives' governance practices and their contribution to value creation. The results show that the characteristics related to the board of directors, namely the size, the presence of women, the frequency of meetings and the duality of the role of the chairman of the board of directors and the president of the cooperative, have a direct impact on the creation of value of cooperatives, thus, the discipline of the holding of general meetings and the way conflicts are managed effectively contribute to establishing a climate of trust and transparency promoting the creation of value. While the role of the supervisory board remains very limited, not allowing it to contribute to value creation.
VL  - 10
IS  - 4
ER  -

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Author Information

Zineb Farabi

Faculty of Law, Economic and Social Sciences, Mohammed-V University, Rabat, Morocco
Abdellatif Bouazza

Faculty of Law, Economic and Social Sciences, Mohammed-V University, Rabat, Morocco

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APA Style

Zineb Farabi, Abdellatif Bouazza. (2022). Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives. Journal of Finance and Accounting, 10(4), 174-184. https://doi.org/10.11648/j.jfa.20221004.11

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ACS Style

Zineb Farabi; Abdellatif Bouazza. Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives. J. Finance Account. 2022, 10(4), 174-184. doi: 10.11648/j.jfa.20221004.11

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AMA Style

Zineb Farabi, Abdellatif Bouazza. Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives. J Finance Account. 2022;10(4):174-184. doi: 10.11648/j.jfa.20221004.11

Copy | Download

@article{10.11648/j.jfa.20221004.11,
  author = {Zineb Farabi and Abdellatif Bouazza},
  title = {Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives},
  journal = {Journal of Finance and Accounting},
  volume = {10},
  number = {4},
  pages = {174-184},
  doi = {10.11648/j.jfa.20221004.11},
  url = {https://doi.org/10.11648/j.jfa.20221004.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20221004.11},
  abstract = {The works in corporate governance are very numerous but cannot be applied on the case of cooperatives, which constitute an exceptional organizational form from creation to profit sharing. They are business models created for the first time by their members because of the inability of the market to provide them with goods and services at affordable prices. However, the absence of good governance can lead to the financial failure of these organizations. In this paper, we have attempted to study, through a qualitative case study, the contribution of the governance of four Moroccan cooperatives, operating in four different sectors of activity in the Rabat-Salé-Kenitra region, on value creation. The data was collected through direct interviews with the presidents and managers of the four cooperatives and the administration of a questionnaire that included all aspects of the cooperatives' governance practices and their contribution to value creation. The results show that the characteristics related to the board of directors, namely the size, the presence of women, the frequency of meetings and the duality of the role of the chairman of the board of directors and the president of the cooperative, have a direct impact on the creation of value of cooperatives, thus, the discipline of the holding of general meetings and the way conflicts are managed effectively contribute to establishing a climate of trust and transparency promoting the creation of value. While the role of the supervisory board remains very limited, not allowing it to contribute to value creation.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - Specificities of the Governance Mechanisms of Social Organizations and Their Contribution to Value Creation: Case of Moroccan Cooperatives
AU  - Zineb Farabi
AU  - Abdellatif Bouazza
Y1  - 2022/07/12
PY  - 2022
N1  - https://doi.org/10.11648/j.jfa.20221004.11
DO  - 10.11648/j.jfa.20221004.11
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 174
EP  - 184
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20221004.11
AB  - The works in corporate governance are very numerous but cannot be applied on the case of cooperatives, which constitute an exceptional organizational form from creation to profit sharing. They are business models created for the first time by their members because of the inability of the market to provide them with goods and services at affordable prices. However, the absence of good governance can lead to the financial failure of these organizations. In this paper, we have attempted to study, through a qualitative case study, the contribution of the governance of four Moroccan cooperatives, operating in four different sectors of activity in the Rabat-Salé-Kenitra region, on value creation. The data was collected through direct interviews with the presidents and managers of the four cooperatives and the administration of a questionnaire that included all aspects of the cooperatives' governance practices and their contribution to value creation. The results show that the characteristics related to the board of directors, namely the size, the presence of women, the frequency of meetings and the duality of the role of the chairman of the board of directors and the president of the cooperative, have a direct impact on the creation of value of cooperatives, thus, the discipline of the holding of general meetings and the way conflicts are managed effectively contribute to establishing a climate of trust and transparency promoting the creation of value. While the role of the supervisory board remains very limited, not allowing it to contribute to value creation.
VL  - 10
IS  - 4
ER  -

Copy | Download