The Control Architecture in the Corporate Governance of the Savings and Credit Cooperatives of Ecuador
There is no specific corporate governance model in Ecuador that includes adequate control mechanisms to measure and evaluate risks in order to guarantee the efficient use of resources, providing confidence to a wide range of stakeholders. In this context, the aim of this research is to establish the...
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2019 |
| País: | Ecuador |
| Institución: | Universidad Tecnológica Equinoccial |
| Repositorio: | Revistas Universidad Tecnológica Equinoccial |
| Idioma: | español |
| OAI Identifier: | oai:revistas.ute.edu.ec:article/535 |
| Acceso en línea: | https://revistas.ute.edu.ec/index.php/economia-y-negocios/article/view/535 |
| Access Level: | acceso abierto |
| Palabra clave: | Arquitectura de control Gobierno corporativo Modelo del Banco Interamericano de Desarrollo Ecuaciones estructurales Control architecture Corporate governance Model Inter-American Development Bank Structural equations |
| Sumario: | There is no specific corporate governance model in Ecuador that includes adequate control mechanisms to measure and evaluate risks in order to guarantee the efficient use of resources, providing confidence to a wide range of stakeholders. In this context, the aim of this research is to establish the incidence of the control architecture in corporate governance in Ecuador’s savings and credit cooperatives, in addition to validating an applicable instrument for the sector. The instrument used was the one developed by the Inter-American Development Bank (IDB), which was validated through expert judgment using the Delphi methodology. Subsequently, an empirical, quantitative, correlational/causal, cross-sectional and non-experimental study was carried out in a sample of 60 cooperatives. The statistical techniques used were the Confirmatory Factor Analysis and the Structural Equation Model to establish the goodness of fit, and the validity and reliability of the proposed model. The results proven that the control architecture has a significant relationship and has direct positive effects on corporate governance; furthermore, it is concluded that the instrument based on the IDB guidelines is applicable to the cooperative sector with 21 variables. |
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