Predictability of Business Environment within Budgeting Process - Is it Connected with Fluctuations of Economy?

Kód výsledku v IS VaVaI

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Nalezeny alternativní kódy

RIV/70883521:28140/16:43874363

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Predictability of Business Environment within Budgeting Process - Is it Connected with Fluctuations of Economy?

Popis výsledku v původním jazyce

This paper presents the results of the research focused on the analysis of firm's ability to forecast the behavior of external environment and its influence on firm's budgeting processes and its dependence on GDP fluctuations. The objective of the research was to verify whether the ability of firms to predict changes in business environment are influenced by the fluctuations of GDP. The authors have expected, that in case of higher fluctuations of GDP, the ability to predict changes in business environment will be lower. The authors have used the data obtained by means of questionnaire survey conducted in Czech Republic on the sample of 177 enterprises and other data obtained by the study performed in the USA and Canada. The study also presents empirical evidence on the capability of Czech enterprises to predict the behavior of primary budgetary elements, such as profits or sales volumes. The study shows the relatively high level of predictability of business environment changes indicated by Czech firms in comparison with the U.S. and Canadian companies, on the other hand, the study has not shown any significant dependence between GDP fluctuations and predictability level of the budgeting process.

Název v anglickém jazyce

Predictability of Business Environment within Budgeting Process - Is it Connected with Fluctuations of Economy?

Popis výsledku anglicky

This paper presents the results of the research focused on the analysis of firm's ability to forecast the behavior of external environment and its influence on firm's budgeting processes and its dependence on GDP fluctuations. The objective of the research was to verify whether the ability of firms to predict changes in business environment are influenced by the fluctuations of GDP. The authors have expected, that in case of higher fluctuations of GDP, the ability to predict changes in business environment will be lower. The authors have used the data obtained by means of questionnaire survey conducted in Czech Republic on the sample of 177 enterprises and other data obtained by the study performed in the USA and Canada. The study also presents empirical evidence on the capability of Czech enterprises to predict the behavior of primary budgetary elements, such as profits or sales volumes. The study shows the relatively high level of predictability of business environment changes indicated by Czech firms in comparison with the U.S. and Canadian companies, on the other hand, the study has not shown any significant dependence between GDP fluctuations and predictability level of the budgeting process.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název periodika

Economics and Sociology

ISSN

2071-789X

e-ISSN

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Svazek periodika

9

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

UA - Ukrajina

Počet stran výsledku

11

Strana od-do

90-100

Kód UT WoS článku

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EID výsledku v databázi Scopus

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