VZTAH CORPORATE GOVERNANCE A VÝKONNOSTI V ČESKÝCH DRUŽSTVECH
| Title in English | RELATIONSHIP OF CORPORATE GOVERNANCE AND PERFORMANCE IN THE CZECH COOPERATIVES |
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| Authors | |
| Year of publication | 2015 |
| Type | Article in Proceedings |
| Conference | Aktuálne problémy podnikovej sféry 2015 |
| MU Faculty or unit | |
| Citation | |
| Field | Management and administrative |
| Keywords | Cooperative; corporate governance; performance; production cooperative; agriculture cooperative; members meeting |
| Description | The aim of this article is comparison of financial indicators in the various groups of cooperatives in the breakdown by sectors and by setting of the the voting rights of member meetings. Modifying these rights is one of the components of corporate governance and for this article are considered two values - Rochdale (one member has one vote) and non-Rochdale. Among cooperatives with a different set of corporate governance, there are differences in values of performance indicators and indicators of financial stability and there is a probability of statistical dependence between corporate governance and performance. Agricultural cooperatives, that respect Rochdale principle of equality of members, showed higher values of ROS. On the contrary, the proper financial management policy was discovered among the cooperatives, which fail to comply with the Rochdale principle. |