“…The first column of Table 2 below presents features of traditional budget, while the second shows the performance budgeting. Source: Own elaboration based on: Hansen (2011), Niculescu & Leustean (2014), Ruggeri, et al (2017), Alam & Nandan (2008), Roehm & Castellano (1977), Whitmore (1980), , Dunleavy & Hood (1994), Covaleski, Dirsmith & Jablonsky (1985), Lubinska (2007), Winiarska (2012), Chowdhury & Shil (2016), Swietla & Wojcik-Jurkiewicz (2017), Bleyen, Lombaert & Bouckaert (2015)…”