The Effects of Government Financial and Accounting Risk Management on Operational Achievement of Public Higher of Education Institutions
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Abstract
The purpose of this research is to study the impact of managing government financial and accounting risks on public higher education institutions’ operational accomplishments. Data were collected from a sample of 456 administrators in public higher education institutions under the Ministry of Higher Education, Science, Research, and Innovation. A questionnaires was used as the data collection instrument, with Cronbach’s alpha coefficients ranging from 0.800 to 0.931. Data were analyzed using descriptive statistics, multiple correlation analysis, and multiple regression analysis.
The results showed that 1) integrated risk management had relationships and positive effects on the overall operational achievement regarding decreasing chances of operational loss, and protection for damage of resources; 2) corporate governance monitoring and controlling had relationships and positive effects on the overall operational achievement regarding decreasing chances of operational loss, protection for damage of resource, and confident of operational; and 3) risk workload determination, information application, and continuous improvement had relationships and positive effects on the overall operational achievement as well as all aspects of incomes. The benefits of this research was that comprehensive and integrated risk management could increase efficiency and reduce risk.
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