Abstract :

Financial management remains a key pillar for any organization most especially cooperatives. This study investigates financial management practices and the performance of cooperative organizations. It specifically evaluates the effect of credit management, budgeting, and dividend management on the performance of cooperative organisations. A Sample size of one hundred and fifty (150) respondents were sampled from five cooperative societies. The data generated through a structured questionnaire were analysed. Findings from the study revealed there is no significant effect of credit risk management on performance (F = 0.24, df = 1, p = 0.625). Also, there is no significant effect of budgeting on performance (F = 1.23, df = 1, p = 0.268). However, dividend management has a significant effect on performance (F = 15.89, df = 1, p = 0.000). Based on the findings of this study, it can be concluded that dividend management has a significant (p < 0.05) effect on the performance of cooperative organizations. These results provide useful insights for cooperative managers and policymakers seeking to improve the performance of cooperative organizations. Cooperative organizations should consider improving credit risk management and budgeting to boost their performance.

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