In Search of a Theory of Budgeting: A Literature Review

Kenno, Staci; Lau, Michelle; Sainty, Barbara

doi:10.1111/1911-3838.12186

Cited by 25 publications

(31 citation statements)

References 239 publications

(277 reference statements)

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“…Budgeting is an inseparable part of management control (Kenno et al, 2018;Libby & Lindsay, 2010). Having extensively reviewed the topic, Lohan (2013) regards budgeting as one of the most frequently researched subjects related to management accounting.…”

Section: Literature Reviewmentioning

confidence: 99%

The budgeting processes of Czech companies: the role of the ownership structure and foreign capital

Dokulil

Popesko

Dvorský

2020

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Research background: The study investigates the initial phase of budgeting process conducted in corporations. The basic concept correlates with findings in scientific literature that describe budgeting as an inefficient tool, burdened by considerable regulation in the preparation and compilation stages. As a consequence, the majority of academics and practitioners have concluded that producing a budget is merely a formality that minimizes wrinkles on the faces of their initiators, while reaping debatable benefits for managerial control. Purpose of the article: This paper compares data from the literature with the actual budgetary practices of companies operating in the Czech Republic. The attention was paid to the detailed aspects of the budgeting process, factors affecting the time it takes to prepare a budget, and the impact of ownership structure, especially the role of foreign ownership and foreign capital, on the level of decentralization in the budgeting process. Methods: The authors examined these topics through a questionnaire completed by 136 respondents, primarily industrial companies based in the country. The subsequent hypotheses were assessed via application of the Z-test. Findings & Value added: The results presented show that the budgeting practices of the Czech firms are not only influenced by traditional factors (e.g. the size of the company and its given economic sector), but also certain other aspects. Essential facets comprise the ownership structure and the share of foreign capital involved, the latter affecting the extent of autonomy of the business as to the budgetary process. This submitted paper can extend the current theory with new findings on the specific nature of budgeting in post-socialist countries with an open economy and the significant influx of foreign capital.

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Section: Literature Reviewmentioning

confidence: 99%

The budgeting processes of Czech companies: the role of the ownership structure and foreign capital

Dokulil

Popesko

Dvorský

2020

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“…O orçamento tem sido parte integrante dos sistemas de controle gerenciais da maioria das empresas (Hansen & Van der Stede, 2004;Kenno et al, 2018). Entretanto, apesar de sua extensa utilização, uma parte da literatura aponta para a falha nos orçamentos (Neely et al, 2001), contudo, em vez de abandonar o artefato, as organizações têm buscado alternativas para dar conta desses problemas (Libby & Lindsay, 2010).…”

Section: Finalidades Do Orçamentounclassified

“…Apesar dessas frequentes críticas, os orçamentos continuam sendo amplamente utilizados nas organizações (Kenno, Lau & Sainty, 2018;Libby & Lindsay, 2010) e a literatura aponta alguns avanços visando alternativas para os problemas apresentados, como utilizar orçamentos contínuos atualizando com mais frequência os planos, substituindo os padrões fixos anuais por metas flexíveis (Hansen et al, 2003;Kenno et al, 2018). No mais, os orçamentos não são estáticos e podem assumir diversas finalidades no contexto organizacional (Hansen & Van der Stede, 2004).…”

Section: Introductionunclassified

As finalidades do orçamento na influência do isomorfismo institucional na autorrejeição

Luz

Lavarda

2020

Race

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O presente trabalho teve por objetivo examinar a influência do isomorfismo institucional na autorrejeição ao orçamento, mediada pelas finalidades do artefato. Aponta-se a importância do estudo do setor farmacêutico brasileiro pois este representa um exemplo peculiar de discussão institucional, considerando as pressões de isomorfismo institucional sofridas pelo setor. O estudo é descritivo, de abordagem quantitativa, caracterizado como pesquisa de levantamento, tipo survey. Para cumprir o objetivo foram utilizados os pressupostos de DiMaggio e Powell (1983), as respostas estratégicas de desafiar e manipular do modelo conceitual de Oliver (1991) e as finalidades do orçamento utilizadas por Ekholm e Wallin (2011). A população selecionada foram os gerentes das empresas do setor farmacêutico vinculadas ao Guia da Farmácia, e a amostra final foi composta por 147 respostas válidas. Para a análise de dados foi utilizada a Modelagem de Equações Estruturais. Os resultados apontam para uma influência positiva do isomorfismo institucional nas finalidades de planejamento e diálogo. Não foi encontrada, porém, influência das finalidades do orçamento na autorrejeição. O isomorfismo institucional ainda apresentou influência positiva na autorrejeição do orçamento. Como contribuições, o estudo traz indícios de que os fatores de isomorfismo levam a uma melhor utilização das finalidades do orçamento, levam também a uma rejeição do artefato, que pode estar ligada a fatores de multiplicidade e restrição.

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“…This paper investigates budgetary practices [1] in Umoja University (UU) in Tanzania after decentralization. Budgeting is a significant topic in all types of organizations and has been of utmost interest to higher learning institutions [2] scholars especially in the context of decentralization (Kenno, et al, 2018;Deering and S a, 2018). As a natural phenomenon in Universities, decentralized budgeting involves delegation of financial authority over revenue sources and expenditure functions from a higher to a lower tier in a hierarchy, or from a superior public body to a legally subordinate one (Strauss and Curry, 2002;Larbi, 1999;Pollit and Summa, 1997;De Mello, 2000;Pollitt and Summa, 1997).…”

Section: Introductionmentioning

confidence: 99%

Budgetary practices in a Tanzanian University: Bourdieu's theory

Mkasiwa

2020

JPBAFM

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PurposeThis paper explores budgetary practices in a Tanzanian university after decentralization.MethodologyData were collected through interviews, document analysis, and observation. Moreover, Bourdieu's theory was used in open and axial coding procedures for data analysis.FindingsThe findings show that decentralized budgeting was a disillusionment. Administrators failed to transfer financial authority to resource recipients. Budgetary practices were shaped by the social structure/budget cycle (field), resources possessed by budgetary actors (capital) and the sincerity patterns of actors in budgetary practices (habitus). Most resource recipients had insincerity in budgeting habitus deploying subversive strategy, while the minority had sincerity in budgeting habitus, deploying submissive strategy. On the other hand, administrators had sincerity and insincerity in budgeting habitus, deploying conservative strategy.Practical implicationsIn order to enhance effective decentralization, resource recipients should be provided with adequate financial resources and budgeting skills. Furthermore, they should be trusted and recognized. Moreover, in order to shape budgeting strategies and practices towards achieving organizational objectives, managements should identify and work on internal, external and technical budgetary constraints. In addition, they should promote sincerity in budgeting habitus as habitus can be created, altered, and reproduced through knowledge.Originality/ValueThis is the first paper to investigate budgetary practices in a university setting, employing all Bourdieu's six theoretical concepts. It contributes to Bourdieu's theory by introducing a submissive strategy. In addition, it introduces “episteme” concept as the opposite of “doxa.” Moreover, the paper responds to the call by Deering and Sá (2018) to investigate what guides budgetary practices in a university setting. The paper has also demonstrated the role of approval organs and subordinates which were neglected in prior studies. It proposes a theory of budgetary practice in a University setting when budgeting is decentralized. It thus responds to the call to investigate and theorize the role of actors in calculative practices (such as budgeting) in a University setting (Argento et al., 2020; Aleksandrov, 2020; Grossi et al., 2020; Ozdil and Hoque, 2017).

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In Search of a Theory of Budgeting: A Literature Review

Cited by 25 publications

References 239 publications

The budgeting processes of Czech companies: the role of the ownership structure and foreign capital

The budgeting processes of Czech companies: the role of the ownership structure and foreign capital

As finalidades do orçamento na influência do isomorfismo institucional na autorrejeição

Budgetary practices in a Tanzanian University: Bourdieu's theory

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