Factors Affecting Financial Corruption Risk Management of Universities in Chiang Mai Province

Abstract

          This research aimed to 1) study factors affecting governance and risk assessment, 2) study factors affecting risk control activities, and 3) propose approaches to strengthen financial fraud risk management systems for the universities in Chiang Mai Province. This quantitative survey collected primary data, using questionnaires from a sample of 83 employees from four public universities in Chiang Mai Province, drawn through purposive sampling. The statistical methods were t-tests, ANOVA, and multiple regression analysis.

           The research findings revealed that: 1) among governance and risk assessment factors, Risk Assessment and Audit (RI) had the most significant effect (B = 0.517) on overall governance and risk assessment. Additionally, Organizational Governance (OM) had a positive influence, whereas Organizational Culture and Values (CO) negatively affected risk assessment. 2) Age significantly influenced perceptions of fraud risk management (p = 0.0311), while gender, work experience, job title, and prior exposure to fraudulent behavior showed no significant effect on overall risk management perceptions. 3) Recommendations were made to strengthen risk management systems, governance, and organizational culture. The highest mean value (x̄ = 4.214) should be maintained or expanded, while the technology aspect having the lowest mean (x̄ = 3.855) requires urgent improvement. Organizational Governance (OM) demonstrated the greatest overall influence (x̄ = 0.3998, p = 0.001). Enhancing OM, CO, and RI factors would yield the greatest impact on overall risk management. Additionally, individuals under 35 years of age exhibited the highest awareness of the risk management system.