FINANCIAL AND ACCOUNTING RISK FACTORS AFFECTING THE PERFORMANCE OF SAVINGS COOPERATIVES IN CHAIYAPHUM PROVINCE

Abstract

This research aimed to examine the relationship between financial and accounting risk factors and the operational performance of savings cooperatives in Chaiyaphum Province. In the current context, savings cooperatives play a vital role in enhancing members' economic stability and quality of life. However, unmanaged financial and accounting risks can significantly impact the organization's operational capacity and long-term sustainability. This study employed a quantitative research design. Data were collected from a sample of 74 staff members of savings cooperatives in Chaiyaphum Province, selected using Krejcie and Morgan's sample size table and stratified random sampling. The research instrument was a questionnaire with an overall reliability coefficient of 0.93. The data were analyzed using descriptive statistics, including frequency, percentage, mean, and standard deviation, along with the correlation coefficient to assess the relationships among variables.

           The findings revealed that overall financial and accounting risk factors were positively correlated with the operational performance of savings cooperatives in Chaiyaphum Province, with statistical significance at the 0.05 level. These results highlight the importance of systematic financial and accounting risk management to enhance the effectiveness and long-term viability of savings cooperatives. The insights derived from this study could contribute to the development of more robust risk management practices, thereby supporting the sustainable growth of savings cooperatives in the evolving financial landscape.