Zelhuda  Shamsuddin, Abdul Ghafar  Ismail, 
    The Partnership Theory in Explaining Cooperatives Organizational Structure,
    International Business Management,
    Volume 10,Issue 15,
    2016,
    Pages 3313-3318,
    ISSN 1993-5250,
    ibm.2016.3313.3318,
    (https://makhillpublications.co/view-article.php?doi=ibm.2016.3313.3318)
    Abstract: This study discusses the application of the partnership theory within the structure of cooperative
organizations. A cooperative organization is established from the capital contributed by its members and thus,
it directly creates a partnership alliance among them. Partnership and cooperation perspectives represent the
structure of the cooperatives in general. As cooperative activities contribute a substantial share to the
development of the economy, cooperatives experience rapid growth. However, not all members tend to be
committed tothe management of cooperatives. This has led cooperatives to experience a number of agency
issues such as opportunism action by the member or partner and the manager employed.
    Keywords: Cooperatives;partnership theory;cooperative organizational structure;Malaysia cooperative;agency