Managing Agency Costs in the face of Challenges and Strategies for Successful Cooperatives A Literature Review

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Discussion

Literature review reveals that agency costs impact financial efficiency in cooperatives, suggesting strategies for improvement.

High agency costs can diminish the efficiency of cooperative financial management, especially due to transparency issues.
Effective strategies include enhancing transparency, leveraging technology, and providing education to members and managers.
The systematic literature review analyzed 25 articles published between 2015 and 2024, covering key challenges in cooperative management.
Findings highlight the need for further empirical studies to better understand the context and effectiveness of proposed strategies.

Qonnita et al. (2025) studied this question.

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