Elements and success factors for an efficient budgeting

Naveen Kunnathuvalappil Hariharan

MPRA Paper from University Library of Munich, Germany

Abstract: A well-crafted efficient budget is believed to lead to an optimal financial performance. This research investigated the elements and critical determinants of efficient budgeting. We outlined how an efficient budget can lead to an optimal financial performance. By investigating the theoretical linkage between budgeting and financial performance, we found that there are five channels through which an efficient budgeting leads to an optimal financial performance. The channels are: a) communication and coordination b) motivator c) evaluation and control of performance d) goal Orientation e) cost awareness.

Keywords: Budgeting; Efficiency; Goal Orientation; Cost awareness (search for similar items in EconPapers)
JEL-codes: G0 G10 (search for similar items in EconPapers)
Date: 2019-03
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Journal of Emerging Technologies and Innovative Research (JETIR) 3.6(2019): pp. 752-759

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/109507/8/MPRA_paper_109507.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:109507

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().