sustainability; case study of an anonymous revenue office in Bangkok Region by using In-depth interview technique participative observation and open-ended questionnaire. The participants in the interview process consists of management superintendents and operators totaling 22 persons. The results show that there is a harmonization in each operational level of the organization and comply with the three objectives of risk management under COSO approach. However there is a lack of a measurement of successful level Evaluation to strategic planning and clear hedging guidelines under COSO - ERM in order to build concrete sustainability for the organization. In this study the author has proposed conceptual framework about factors affecting the effectiveness of risk management for organization sustainability to be tested in the future.

The objective of this study was to investigate Management of Credit Risk for Sustainability of Army Welfare Department Savings and Credit Cooperative Limited. The data were collected through the interviews with executives such as division directors or vice directors who were requested to provide guidelines how to sustainably manage credit risk. The research results revealed the overall credit risk management which was highly focused on the credit monitoring follow-up management borrowers’ qualification inspection borrowers’ financial competence and borrowers’ secured credit. The management of the Army Welfare Saving Cooperative Limited demonstrated decent understanding of how to prevent future credit risk proficiently and effectively considering from their systematic procedures of how to monitor and follow up the loans according to the credit risk management plan. Problems in relation to credit risk was rarely found as the allowance for doubtful accounts had been set which resulted in sustainable credit risk management and fluent administration suitable for the economy in the meantime as well as the future time.

This study examined risk measurement of 3 ASEAN capital markets during year 2009 – 2013. The objective was to study and compare risk of 3 ASEAN capital markets before and after integration of 3 ASEAN member countries : Thailand Malaysia and Singapore. GARCH Model was used for estimating risk in order to measure the daily securities price index of 3 ASEAN member countries The study split the data into two time periods the first period before integration starting from December 1st 2009 to December 1st 2011 and the second period after integration starting from December 1st 2012 to December 1st 2013. The results show volatility which is transferred by the stock exchange and the other stock exchange. The internal and external factors caused the volatility. The level and direction of volatility was likely to depend on balance between listed companies structure and economic structure of those countries characteristic of the stock exchanges and the majority of the investors of those stock exchanges.