FACTORS AFFECTING THE OVERDUE REPAYMENT OF ADVANCE FUNDS BY DEBTORS IN THE FACULTY OF ENGINEERING MAHASARAKHAM UNIVERSITY

Abstract

This study aimed to examine the factors affecting overdue repayment of government advance funds among personnel of the Faculty of Engineering, Mahasarakham University. The sample consisted of 76 personnel selected through stratified sampling. Data were collected using a questionnaire. Descriptive statistics, including frequency, percentage, and standard deviation, were employed for data analysis, while inferential statistics included the Independent Samples t-test and One-way ANOVA. The majority of respondents were male, aged 45 years and above, held education levels higher than a bachelor’s degree, and were affiliated with the School of Engineering. Most respondents reported using the system 7–10 times per week, spending less than 15 minutes per session, and having more than one year of experience with the system.

The findings revealed that age was significantly related to the factors influencing overdue repayment of government advance funds. This result reflects differences in work experience, awareness of governmental regulations, and financial responsibility. Older personnel may have a more comprehensive understanding of disbursement procedures and repayment processes, which influences their compliance behavior differently from other age groups. This finding underscores the importance of systematically enhancing financial regulatory knowledge among personnel across all age groups. Educational level was also found to have a statistically significant effect. Higher educational attainment may be associated with a greater ability to understand regulations, procedural requirements, and supporting documentation, which are essential components for accurate and timely repayment. This finding provides academic implications by highlighting the role of human capital in improving financial administrative efficiency within the organization. Another key factor identified was the efficiency of debtor follow-up, which had a direct and statistically significant effect on overdue repayment. This finding indicates that systemic and managerial factors clearly influence repayment behavior. Specifically, a clear, systematic, and continuous follow-up process can reduce delays and increase repayment rates effectively. The results therefore support the concept of internal control and monitoring as critical mechanisms for strengthening financial discipline within the organization. In conclusion, this study contributes academic value in two significant dimensions: confirming the role of individual factors in financial regulatory compliance behavior, and emphasizing the importance of systematic monitoring mechanisms in debtor management. The findings provide empirical evidence that can inform policy development, monitoring measures, and management guidelines for government advance funds, ultimately enhancing efficiency and reducing overdue repayment issues in the future.