The Impact of Risk Management in Financial Operation on the Success of Local Administrative Organizations in Upper Northern Region of Thailand

Abstract

The objective of this study was to examine the impact of risk management in financial operation on the success of local administrative organizations in upper northern region. The samples were 277 participants that included finance director, chief of finance, or administrators from local administrative organizations in upper northern region. The questionnaire was used for research instrument. The descriptive statistics for data analysis were percentage, mean, and standard deviation while multiple correlations and multiple regression analysis was used for hypothesis testing.

 The results showed that multiple correlation analysis on the risk management in financial operation towards the success of local administrative organizations in upper northern region indicated that all variables showed positive relationship at the significance level of .01 which included determining objectives, identifying risks, internal environment of organization, information and communication, controlling activities, and risk assessment. The multiple regression analysis indicated four variables capable predicting the operation success of local administrative organizations in upper northern region which were determining objectives, information and communication, controlling activities, and risk assessment at the significance level of .001.