Insight into the Critical Success Factors of Performance-Based Budgeting Implementation in the Public Sector for Sustainable Development in the COVID-19 Pandemic

Pham Quang Huy () and Vu Kien Phuc
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Pham Quang Huy: School of Accounting, University of Economics Ho Chi Minh City (UEH), 59C Nguyen Dinh Chieu Street, District 3, Ho Chi Minh City 70000, Vietnam
Vu Kien Phuc: School of Accounting, University of Economics Ho Chi Minh City (UEH), Vinh Long Campus, 1B Nguyen Trung Truc Street, Vinh Long 85000, Vietnam

Sustainability, 2022, vol. 14, issue 20, 1-37

Abstract: This research sets its sights on producing a precise and meticulous analysis in order to identify critical success factors (CSFs) of behavioral intention to adopt performance-based budgeting (BIA) during the COVID-19 pandemic. The statistical data employed in this study were drawn from repeated cross-sectional samples of accountants within public sector organizations in relation to BIA, spanning 3 years. In order to bring forth the hypothesized interlinks, the analytical techniques used comprised structural equation modeling and mean comparisons. The analyses of the results substantiated the positive interconnections among CSFs in terms of significance and effect size. On the basis of the degree of stability of the obtained findings, the most stable CSFs of BIA were ascertained. Beyond widening the frontier of knowledge on the benefits of performance-based budgeting (PBB) in public sector organizations and the CSFs of BIA, the obtained findings can guide leaders in public sector organizations to sense and seize how they can become efficient and effective in the journey towards PBB implementation and how they can formulate intense strategies for successfully managing the transformation process. The advantages of a more fine-grained understanding in this research can allow policymakers to promulgate laws and rules for the implementation of PBB.

Keywords: COVID-19 pandemic; critical success factors; performance-based budgeting; public sector; sustainable development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:14:y:2022:i:20:p:13198-:d:942151

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