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JOURNAL OF INTERNATIONAL STUDIES


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ISSN: 2306-3483 (Online), 2071-8330 (Print)



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How Czech firms deal with operational budgets? – Survey results

Vol. 10, No 2, 2017

 

Boris Popesko

 

Tomas Bata University in Zlín,
Czech Republic
Email: popesko@fame.utb.cz

 

 

How Czech firms deal with operational budgets? – Survey results

 

Jiří Dokulil

 

Tomas Bata University in Zlín
Czech Republic
Email: dokulil@fame.utb.cz

 

 

Dušan Hrabec

 

Tomas Bata University in Zlín
Czech Republic
Email: hrabec@fai.utb.cz


 

 

 

 

Abstract. In recent decades, academics and practitioners started a deep discussion about the limitations and perspectives of enterprise budgeting systems. Traditional budgets are frequently criticized due to their inflexibility, weak connection to corporate performance and demand on manager’s time. Recently, we have observed more frequent examples of firms which have undertaken budgeting system transformation and the adoption of modern, flexible and performance-based budgets. In this study, we have studied some trends in the budgeting of Czech firms with a focus on the manager´s behaviour.  This paper contributes to the existing knowledge in two fields: Firstly, it summarizes the existing state of the art regarding the budgeting transformation; secondly, it presents the survey results focused on the operational budget utilization and its impact on the manager’s behaviour. Overall, the study presents some findings regarding the impact of an operational budget on the manager’s behaviour. We have tested how frequently situations occur, more specifically those frequently discussed in literature, in a given Czech firm´s budgeting practices.

 

Received: February, 2017

1st Revision: April, 2017

Accepted: May, 2017

 

DOI: 10.14254/2071-8330.2017/10-2/10

 

JEL Classification: L29

Keywords: budgeting, planning, organizational behaviour, behavioural accounting, beyond budgeting