Assessing Financial Vulnerability of Cooperative
Abstract
Financial ratios and prediction models have been used since the 1960s to evaluate financial health in profit-oriented organization. However, very few studies were devoted to cooperatives, which is looked upon like an enigma for regulators, business managers and academicians alike. With 1 billion cooperative members worldwide and counting, serious attention should be given to finding and developing tools to help the stakeholders maneuver cooperatives towards. This article explores the utilization of Tuckman-Chang Model to predict financial vulnerability in cooperative settings. This model was originally intended for charitable organizations (NPO) without profit-distributing characteristics. However, our finding implies that the utilization of such model in profit-distributing organizations such as cooperatives is applicable.
Keyword: Financial Vulnerability, Financial Distress Prediction, Financial Oversight, Cooperative
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ISSN (Paper)2224-3232 ISSN (Online)2225-0573
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