Principal Leadership Factors Affecting Financial Risk Management in Public Universities under Henan Province

บทคัดย่อ

The objectives of research were; (1) to explore the components of principal leadership, social factors, and organizational evaluation system and financial risk management in public universities.(2) to develop a model of factors affecting financial risk management in universities and (3) to decompose direct and indirect effect of principal leadership, social factors, and organizational evaluation system on financial risk management in public universities under Henan Province .

This research was a quantitative method, included 3,212 administrator staff from 38 public universities in Henan Province, the Peoples’ Republic of China. The sample determined by G*power, tolaling was 360 teachers, by multistage poportional stratified random sampling method. Data corrected by a 5 points rating scale quasionnaire, and data analysis by descriptive statistics, Confirmatory Factor Analysis and Structural Equation Modeling.

The results found that: (1) The components of financial risk management in universities consisted of liabilities, operating capabilities and investments. The components of principal's     leadership consisted of vision, execution, training and development. The components consisted of financial execution and educational expenditures, and Social factors components of organiza-tional evaluation consisted of national mechanisms and government supervision. Overall was a hight level; (2) A model of factors affecting financial risk management in universities fits well with  empirical data (CMIN = 136.698; Df = 38, CMIN /Df = 3.597, CFI = 0.953, NFI= 0.936,

RMSEA = 0.066); and (3) principal leadership, social factors and organizational evaluation system had a positive direct effect on financial risk management, social factors and organizational  evaluation had a positive direct effect on financial risk management. Principal leadership has a  positive direct effect on social factors and organizational evaluation system.Moreover, principalleadership had indirect effect on financial risk management via social factors and organizationalevaluation system with statistic significant at .05 level.