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Budgeting practices in Czech manufacturing companies: An empirical study

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dc.title Budgeting practices in Czech manufacturing companies: An empirical study en
dc.contributor.author Wagner, Jaroslav
dc.contributor.author Petera, Petr
dc.contributor.author Popesko, Boris
dc.contributor.author Novák, Petr
dc.relation.ispartof IDIMT 2019: Innovation and Transformation in a Digital World - 27th Interdisciplinary Information Management Talks
dc.identifier.isbn 9783990625903
dc.date.issued 2019
dc.citation.spage 343
dc.citation.epage 351
dc.event.title 27th Interdisciplinary Information Management Talks: Innovation and Transformation in a Digital World, IDIMT 2019
dc.event.location Kutná Hora
utb.event.state-en Czech Republic
utb.event.state-cs Česká republika
dc.event.sdate 2019-09-04
dc.event.edate 2019-09-06
dc.type conferenceObject
dc.language.iso en
dc.publisher Trauner Verlag Universitat
dc.subject Budgeting en
dc.subject Czech Republic en
dc.subject Performance management en
dc.subject Questionnaire en
dc.description.abstract Though academics and professionals may disagree, budgets play a key role in business performance management and management control. Due to the lack of empirical evidence concerning budgeting practice in Central and Eastern Europe, an empirical questionnaire-based survey on budgeting in the Czech Republic was conducted. This paper analyzes and discusses the responses of 222 Czech manufacturing companies and delivers results on (a) the extent of budget use, (b) the purposes of budgets in management control, (c) the impact of budgeting on the behavior of managers and employees, and (d) satisfaction with the role of budgeting. The findings show that budgets still play an important role in Czech manufacturing companies, especially in planning, controlling, and performance assessment. The highest intensity of the usage of budgets was found to be for cost control and corporate performance assessment. In general, respondents expressed their satisfaction with budgetary control systems, especially with budgets as a performance management tool at the corporate level and at the level of organizational units. The respondents emphasize the enabling, rather than coercive, use of budgets and do not perceive the negative effects of budgeting on behavior as of high significance. © 2019 Innovation and Transformation in a Digital World. All Rights Reserved en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009111
utb.identifier.obdid 43880877
utb.identifier.scopus 2-s2.0-85071491062
utb.source d-scopus
dc.date.accessioned 2019-09-19T07:56:17Z
dc.date.available 2019-09-19T07:56:17Z
utb.contributor.internalauthor Popesko, Boris
utb.contributor.internalauthor Novák, Petr
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 Czech Science Foundation.
utb.scopus.affiliation Faculty of Finance and Accounting University of Economics, Prague, Czech Republic; Faculty of Management and Economics, Tomas Bata University in Zlin, Czech Republic
utb.fulltext.projects GA 17-13518S/P403
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