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Development of Financial Management in the Enterprise Community: A Case Study of Ayutthaya Province
Journal
University of the Thai Chamber of Commerce Journal
Publisher(s)
Chulalongkorn University Printing House
University of the Thai Chamber of Commerce
Date Issued
2013
Author(s)
Other Contributor(s)
University of the Thai Chamber of Commerce. Journal Editorial Office
Abstract
The objectives of this research are 1) to study the structure and management ofthe financial community, 2) to compare the behavior of saving and ways of raising awareness of saving of people in the community, 3) to develop savings of the enterprise community and 4) to process and provide guidelines for financial management networking at the provincial level. The target population consists of a group of enterprises consisting of the financial management transport community. Ayutthaya district consists of 16 sub-districts and 12 savings cooperatives. The samples for the qualitative savings cooperatives were selected within the central location, around the province of Ayutthaya, and outskirts of Ayutthaya. All samples are the property of Cooperative Saving and Ayutthaya teachers (Ltd) (center) savings cooperative, Canon (Thailand) Co., Ltd. employees (around Ayutthaya) and M.P.T. Limit (outskirts of Ayutthaya) employee savings cooperative. The idea is to manage the financial aspects of cooperative savings and their efficiency, based on the sufficiency economy philosophy. The results are members working together helping each other and establishing cooperative networks at the district level. The results show that every co-operative savings and management process conformed to the rules of the savings cooperatives in the year 1999 and the financial management principles based on the sufficiency economy philosophy. Capital funding money came from savings and loans that are approved regardless of the ability to pay back the loan plus interest, and the profits will return to members in the form of dividends at the end of the year. Encouraging cooperative members to save enables members to increase their fund every year. Savings behavior of members has also increased steadily each year. Cooperatives have no policy on external borrowing or lending institution's internal management system. The policy is how to work with transparency and accountability. Members work together and help each other. All samples are willing to cooperate in building a cooperative network of savings and building a network model to the next level. The government should intervene to help and support the factors that create a substantial network of treaties, such as the conditions of the network saving cooperatives.
ISSN
0125-2437
Access Rights
public
Rights
This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Rights Holder(s)
University of the Thai Chamber of Commerce
Bibliographic Citation
Chalermkhwan Krootboonyong (2013) Development of Financial Management in the Enterprise Community: A Case Study of Ayutthaya Province. University of the Thai Chamber of Commerce Journal Vol.33 No.1.
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