Int Adv Econ Res (2018) 24:203–204 https://doi.org/10.1007/s11294-018-9679-7 RESEARCH NOTE Transformations in Budgeting Practices: Evidence from the Czech Republic Boris Popesko Published online: 12 March 2018 International Atlantic Economic Society 2018 JEL Classification M00 M21 The paper presents the results of a survey of Czech enterprise budgeting practices, performed in 2014–15, which focuses on current trends in budgeting practices in comparison to worldwide trends. The objective of the study was to compare trends in the literature, which describe the transformation of enterprise budgeting systems from fixed annual budgets into more flexible systems based on decentralization and use of performance indicators. We also verified that several limitations of budgeting systems identified in the literature (Libby and Lindsay, Management Accounting Research, 2010) are present in the Czech commercial environment. In the last two decades, managers and academics observed growing dissatisfaction with traditional budgeting concepts, which are based on annual fixed budgets (Hansen et al., Journal of Management Accounting Research, 2003). Traditional budgeting methods are very often criticized for inflexibility and a strong focus on resource allocation. Criticism was focused on problems related to the use of traditional budgets as a management control mechanism (Neely et al., Measuring Business Excellence, 2003). Many research
International Advances in Economic Research – Springer Journals
Published: Mar 12, 2018
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera