Determinants and Consequences of the Use of Budgets: An Exploratory Empirical Study in Germany
The alteration of the business environment has heightened the role of management accounting and control systems (MACS). Not only the design of MACS has gained increased relevance but also the ways in which MACS are used. Based upon empirical data from 69 German manufacturing companies of different industries testing the developed research model, the evidence reinforces the knowledge concerning budgets and their use and essentially bridges the gap in understanding the relationship between budgeting and strategy by revealing the positive effects formal MACS perform. This book is important reading for graduate students of business administration and executives with focus on budgeting management accounting and strategic management.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Academy of Management accounting and control adaptiveness agement analysis Average variance extracted budget information budgetary CHENHALL companies competitive intensity Composite reliability pc concept consensus construct context contingency contingency theory Culture of trust decision developed diagnostic and interactive diagnostic control discriminant validity effect emergent strategy formation empirical study endogenous variable evaluation exogenous financial performance firm performance framework goals impact influence innovation intended strategy implementation interaction variable interactive and diagnostic interactive control Journal of Management latent variables leadership behavior levers of control MACS Management Accounting Research managerial MARGINSON Market dynamism Measurement assessment moderator variable operationalization organizational learning Organizations and Society OTLEY Partial Least Squares path coefficients performance measurement systems positively related propositions quality of budgets refer regarding relationships research model resource-based view respondents role SIMONS specific statistically significant structural equation modeling t-value theoretical theory thesis tion tive top management underlying User attitude variance extracted AVE
Page 10 - The terms management accounting (MA), management accounting systems (MAS), management control systems (MCS), and organizational controls (OC) are sometimes used interchangeably. MA refers to a collection of practices such as budgeting or product costing, while MAS refers to the systematic use of MA to achieve some goal. MCS is a broader term that encompasses MAS and also includes other controls such as personal or clan controls. OC is sometimes used to refer to controls built into activities and...
Page 20 - A beliefs system is the explicit set of organizational definitions that senior managers communicate formally and reinforce systematically to provide basic values, purpose, and direction for the organization. The definitions espouse the values and direction that senior managers want subordinates to adopt. These core values are linked to the business strategy of the firm.