Control Environment and Financial Performance of Savings and Credit Cooperatives (SACCOs) in Mid-Western Uganda
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Business Strategies
Abstract
To establish the relationship between control environment and financial performance of
SACCOs in Mid-Western Uganda.
Methodology: A cross-sectional research design and positivist paradigm were used to collect data
from 93 SACCOs in Mid-Western Uganda. A closed-ended questionnaire was used to collect data.
Correlation and standard linear regression analyses were conducted.
Findings: The study findings reveal a strong, positive and significant relationship between control
environment and financial performance of SACCOs in Mid-Western Uganda.
Unique contribution to practice and policy: This study emphasizes the need for top management
to emphasize the importance of designing and implementing effective and efficient control
environment. In addition, the government of Uganda needs to review its strategies that are geared
at ensuring that SACCOs achieve sustainable financial performance.
Description
Keywords
Control Environment, Financial Performance and SACCOs
Citation
Kule, B. J. M., Kamukama, N., & Kijjambu, N. F. (2020). Control environment and financial Performance of savings and credit cooperatives (SACCOS) in mid-Western Uganda.