Corporate Budgeting Practices: Empirical Evidence from the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F23%3A00011258" target="_blank" >RIV/46747885:24310/23:00011258 - isvavai.cz</a>

Výsledek na webu

<a href="https://pep.vse.cz/pdfs/pep/2023/04/04.pdf" target="_blank" >https://pep.vse.cz/pdfs/pep/2023/04/04.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.18267/j.pep.838" target="_blank" >10.18267/j.pep.838</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Corporate Budgeting Practices: Empirical Evidence from the Czech Republic

Popis výsledku v původním jazyce

The essence of this research paper lies in the investigation of the current budgeting practices of Czech companies. Budgeting is a vital part of the financial management of each company. The article aims to provide recent empirical evidence on the impact of business complexity on budgeting in the Czech Republic, with the main focus on modern budgeting methods. The first part of the paper introduces various perspectives and results from the budgeting literature. Despite the plethora of critical voices against traditional budgeting, budgeting remains an essential part of the corporate governance of most companies. The empirical investigation is based on the questionnaire survey and its statistical evaluation using tests of goodness and cluster analysis. Fundamental research questions of the paper include the influence of business complexity on the budgeting practices of Czech companies, factors that currently play an essential role and their importance, and the approach of Czech companies towards modern budgeting practices. The article results indicate that Czech firms use various financial management tools, including budgets. Traditional budgeting methods are still dominant in most companies; empirical data evaluation confirmed mild differences between companies financed by domestic and foreign capital; nevertheless, those distinctions weren’t confirmed by statistical testing. Respondents chose as essential factors in their budgeting practice first connection of budgets to strategic planning and second, the possibility of using budgets as a tool for business performance evaluation.

Název v anglickém jazyce

Corporate Budgeting Practices: Empirical Evidence from the Czech Republic

Popis výsledku anglicky

The essence of this research paper lies in the investigation of the current budgeting practices of Czech companies. Budgeting is a vital part of the financial management of each company. The article aims to provide recent empirical evidence on the impact of business complexity on budgeting in the Czech Republic, with the main focus on modern budgeting methods. The first part of the paper introduces various perspectives and results from the budgeting literature. Despite the plethora of critical voices against traditional budgeting, budgeting remains an essential part of the corporate governance of most companies. The empirical investigation is based on the questionnaire survey and its statistical evaluation using tests of goodness and cluster analysis. Fundamental research questions of the paper include the influence of business complexity on the budgeting practices of Czech companies, factors that currently play an essential role and their importance, and the approach of Czech companies towards modern budgeting practices. The article results indicate that Czech firms use various financial management tools, including budgets. Traditional budgeting methods are still dominant in most companies; empirical data evaluation confirmed mild differences between companies financed by domestic and foreign capital; nevertheless, those distinctions weren’t confirmed by statistical testing. Respondents chose as essential factors in their budgeting practice first connection of budgets to strategic planning and second, the possibility of using budgets as a tool for business performance evaluation.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2023

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Prague Economic Papers

ISSN

1210-0455

e-ISSN

—

Svazek periodika

32

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

35

Strana od-do

411-445

Kód UT WoS článku

001056830100004

EID výsledku v databázi Scopus

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