Risk Management, Internal Control, And Internal Audit On The Reduce Liquidity Risk, Performance, And The Value Of Listed Companies In The Stock Exchange Of Thailand

Abstract

The purposes of this research to study risk management (RIM), internal control (ICON), and internal audits (INA) to reduce liquidity risk (FRR), performance (BUR) and the value (BUV) of listed companies in the Stock Exchange of Thailand and to present guidelines to using the risk assessment form of the listed companies in the Stock Exchange of Thailand. Quantitative data was collected using questionnaires and record forms as tools. The sample was 425 listed companies in the Stock Exchange of Thailand. The data analysis was performed using the structural equation model analysis. In addition, the qualitative data was collected by in-depth interview according to the semi-structured interview form and then it was analyzed by content analysis. The results showed that 1) RIM and ICON had a positive direct effect on INA, 2) RIM, ICON and INA had a positive direct effect FRR, 3) FRR had a positive direct effect on BUR, 4) BUR had a positive direct effect on BUV, 5) RIM and ICON had a positive indirect effect on FRR through the mediation effect of INA, 6) RIM, ICON and INA had a positive indirect effect on BUR through mediation effect of FRR, and 7) FRR had a positive indirect effect on BUV through BUR at a statistically significant level of 0.05. and the guidelines to using the risk assessment form are the development of a computerized operating system with Microsoft Excel, by Excel Form, assessment method that could show the severity (Risk Matric) of the impact of the event or the risk that happened immediately. It reduced the operational process; the assessment file could be sent via E-mail or QR Code, which was more convenient and easier to operate.