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The maturity of a budgeting system and its influence on corporate performance

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dc.title The maturity of a budgeting system and its influence on corporate performance en
dc.contributor.author Popesko, Boris
dc.contributor.author Novák, Petr
dc.contributor.author Dvorský, Ján
dc.contributor.author Papadaki, Šárka
dc.relation.ispartof Acta Polytechnica Hungarica
dc.identifier.issn 1785-8860 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2017
utb.relation.volume 14
utb.relation.issue 7
dc.citation.spage 91
dc.citation.epage 104
dc.type article
dc.language.iso en
dc.publisher Budapest Tech
dc.identifier.doi 10.12700/APH.14.7.2017.7.6
dc.relation.uri https://www.uni-obuda.hu/journal/Issue78.htm
dc.subject Budgeting en
dc.subject Corporate Performance en
dc.subject Beyond Budgeting en
dc.description.abstract In recent decades, the features making up corporate budgeting systems have been profoundly deliberated over by academics and professionals. Indeed, so-called traditional methods of budgeting have borne the brunt of severe criticism due to their inflexibility and the sheer amount of time they demand of employees. Nonetheless, several examples exist of budgeting systems that have somehow been transformed, and of organizations which have adopted advanced, flexible budgeting procedures based on evaluation of performance. In the study presented, the authors look into any relationships that may exist between the primary elements of corporate budgeting systems and their performance in the enterprise. The aim is to contribute towards existing knowledge by: 1) summarizing the latest advances that relate to budgeting and corporate performance; 2) reporting on current budgeting practices applied by companies in the Czech Republic, with analysis of how budgeting systems affect managerial behaviour; 3) evaluating any statistical dependence between selected features of corporate budgeting systems; i.e. utilizing a budget as a managerial tool, how enterprises express the added value of budgeting systems, endeavour on the part of management in implementing an effective budgeting system, the workload pertaining to individual components of a budgeting system, and the significance of a budgeting system in comparison with other tools designed for adapting to change in market conditions. In general, the study describes interconnections between the profit-based performance of firms and the majority of the factors and features of the budgeting systems examined. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007774
utb.identifier.obdid 43877408
utb.identifier.scopus 2-s2.0-85042307881
utb.identifier.wok 000423414600006
utb.source j-wok
dc.date.accessioned 2018-02-26T10:20:07Z
dc.date.available 2018-02-26T10:20:07Z
dc.description.sponsorship Czech Science Foundation [GA 17-13518S/P403]
utb.contributor.internalauthor Popesko, Boris
utb.contributor.internalauthor Novák, Petr
utb.contributor.internalauthor Dvorský, Ján
utb.contributor.internalauthor Papadaki, Šárka
utb.fulltext.affiliation Boris Popesko, Petr Novák, Ján Dvorský, Šárka Papadaki Tomas Bata University in Zlín, nám T. G. Masaryka 5555, 760 01 Zlín, Czech Republic, popesko@fame.utb.cz
utb.fulltext.dates -
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utb.fulltext.sponsorship This paper is one of the research outputs of the project GA 17-13518S/P403 “Determinants of budgeting and performance measurement systems design and impact of these systems on organizational behavior and organizational performance” registered at the Czech Science Foundation.
utb.wos.affiliation [Popesko, Boris; Novak, Petr; Dvorsky, Jan; Papadaki, Sarka] Tomas Bata Univ Zlin, Nam TG Masaryka 5555, Zlin 76001, Czech Republic
utb.fulltext.projects GA 17-13518S/P403
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