VALUE ADDED AS A MEASURE OF SOCIAL ROLE OF COOPERATIVES

Krystyna Zimnoch () and Barbara Mazur ()
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Krystyna Zimnoch: Bialystok University of Technology, Poland
Barbara Mazur: Lublin University of Technology, Poland

Eurasian Journal of Business and Management, 2018, vol. 6, issue 1, 42-51

Abstract: In the 21st century, cooperatives remain an alternative form of production and consumption throughout the world. The literature draws attention to the specificity of a cooperative enterprise, problems with the use of the profit category as a measure of its activity, lower profitability. The purpose of the cooperative - enterprises and members' associations - remains the utility, which will consist of a profit for a cooperative enterprise and services for members. The goals of the cooperative must be measured with measures broader than the profit category. The article aims to propose a tool in the form of a report on added value. This measure accurately reflects the level of effectiveness of a cooperative enterprise and the achievement of members' goals. The study examined the financial statements of selected cooperative enterprises from the food and dairy industry in Poland for the years 2007-2016. Based on the data obtained, a report on the value added (GVA) of the surveyed enterprises was prepared. The results show a high share of members of cooperatives and employees in the use of GVA. It is from 46 to 84%, compared to 42% for the whole economy. Cooperatives allow a more even distribution of income and thus contribute to sustainable development.

Keywords: Gross Value Added; Co-Operatives; Objectives Of The Cooperative Enterprise; Consumer Cooperatives; Dairy Cooperatives; Poland (search for similar items in EconPapers)
Date: 2018
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