Vol. 2 No. 2 (2024)
Articles

Regulatory and Supervisory Frameworks

Ik- Ugwoezuonu Lilian, Ph.D.
Department of Cooperative Economic and Management, Federal Polytechnic Nekede, Owerri, Imo State, Nigeria.
Ezike Chimezie C., Ph.D.
Department of Cooperative Economic and Management, Federal Polytechnic Ekowe, Bayelsa State.

Published 2024-04-04

Keywords

  • Regulatory,
  • Supervisory Frameworks,
  • Ethical Conduct,
  • Performance,
  • Credit Cooperatives

How to Cite

Ik- Ugwoezuonu Lilian, & Ezike Chimezie C. (2024). Regulatory and Supervisory Frameworks. Open Access Journal of Management Sciences Research, 2(2), 1-15. https://www.openjournals.ijaar.org/index.php/oajmsr/article/view/476

How to Cite

Ik- Ugwoezuonu Lilian, & Ezike Chimezie C. (2024). Regulatory and Supervisory Frameworks. Open Access Journal of Management Sciences Research, 2(2), 1-15. https://www.openjournals.ijaar.org/index.php/oajmsr/article/view/476

Abstract

This study investigates the role of regulatory and supervisory frameworks in shaping the ethical conduct and performance of credit cooperatives in Enugu State, Nigeria. Adopting a descriptive survey design, primary data were collected through questionnaires from a sample of credit cooperatives operating in Enugu State, Nigeria. The study examines the effectiveness of regulatory oversight, level of compliance with ethical standards, and the relationship between regulatory oversight, ethical conduct, and financial performance outcomes. Descriptive statistical tools and correlation analysis were employed for data analysis. Findings reveal a significant positive correlation between the effectiveness of regulatory oversight and compliance with governing frameworks among credit cooperatives. However, no significant differences were found in the level of adherence to ethical standards across various operational and governance structures. Additionally, strong associations were identified between regulatory oversight, ethical conduct, and financial performance metrics, highlighting the interconnectedness of these factors within the sector. The study concludes by offering recommendations to strengthen regulatory oversight, promote ethical behavior, and enhance the sustainability of credit cooperatives in Enugu State. These findings contribute to the growing body of knowledge on governance and sustainability in cooperative organizations and provide insights for policymakers, regulators, and credit cooperative stakeholders.

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