Impact of Non-financial Performance Indicators on Planning Process Efficiency

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F22%3A63548079" target="_blank" >RIV/70883521:28120/22:63548079 - isvavai.cz</a>

Výsledek na webu

<a href="https://link.springer.com/article/10.1007/s11294-022-09836-9?utm_source=getftr&utm_medium=getftr&utm_campaign=getftr_pilot" target="_blank" >https://link.springer.com/article/10.1007/s11294-022-09836-9?utm_source=getftr&utm_medium=getftr&utm_campaign=getftr_pilot</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s11294-022-09836-9" target="_blank" >10.1007/s11294-022-09836-9</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Impact of Non-financial Performance Indicators on Planning Process Efficiency

Popis výsledku v původním jazyce

This note reports the results of a pilot survey on perceptions of the effectiveness of the planning and budgeting system in the corporate sector in the Czech Republic. Budgeting practice has been frequently researched since the turn of the millennium, as evidenced by many studies. Dynamic changes in how the role of budgeting is perceived in the corporate sector have motivated new research. Though several studies recommending complete elimination of budgeting were published on the threshold of the new millennium, researchers have also presented moderate criticisms in recent years. Some authors described principles, the application of which aims to adapt traditional budgeting to the current environment and increase its efficiency. Frequent suggestions for upgrading conventional budgeting include more frequent revisions and implementation of non-financial performance indicators that focus managers’ attention on strategic areas of the organization’s activities. However, research that systematically analyses the impact of these recommendations is lacking. This note presents preliminary results regarding the impact of non-financial indicators on the perceived effectiveness of the planning and budgeting system in the Czech corporate sector. The research sample consisted of business sector organizations based in the Czech Republic. Other parameters included number of employees (non-zero) and annual turnover greater than CZK 1,000,000 (USD 45,000), thus eliminating the smallest businesses that were unlikely to have adopted a budget, or only an atypical budget. Data collection was conducted via questionnaire. Of the 1,500 companies that were asked to participate in the survey, 136 completed the questionnaire.

Název v anglickém jazyce

Impact of Non-financial Performance Indicators on Planning Process Efficiency

Popis výsledku anglicky

This note reports the results of a pilot survey on perceptions of the effectiveness of the planning and budgeting system in the corporate sector in the Czech Republic. Budgeting practice has been frequently researched since the turn of the millennium, as evidenced by many studies. Dynamic changes in how the role of budgeting is perceived in the corporate sector have motivated new research. Though several studies recommending complete elimination of budgeting were published on the threshold of the new millennium, researchers have also presented moderate criticisms in recent years. Some authors described principles, the application of which aims to adapt traditional budgeting to the current environment and increase its efficiency. Frequent suggestions for upgrading conventional budgeting include more frequent revisions and implementation of non-financial performance indicators that focus managers’ attention on strategic areas of the organization’s activities. However, research that systematically analyses the impact of these recommendations is lacking. This note presents preliminary results regarding the impact of non-financial indicators on the perceived effectiveness of the planning and budgeting system in the Czech corporate sector. The research sample consisted of business sector organizations based in the Czech Republic. Other parameters included number of employees (non-zero) and annual turnover greater than CZK 1,000,000 (USD 45,000), thus eliminating the smallest businesses that were unlikely to have adopted a budget, or only an atypical budget. Data collection was conducted via questionnaire. Of the 1,500 companies that were asked to participate in the survey, 136 completed the questionnaire.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2022

Kód důvěrnosti údajů

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

Název periodika

International Advances in Economic Research

ISSN

1083-0898

e-ISSN

1573-966X

Svazek periodika

27

Číslo periodika v rámci svazku

4/2021

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

3

Strana od-do

329-331

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85124359574