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Are annual budgets being abandoned by companies operating in Portugal?: Evidence from the 500 “Maiores e Melhores”
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Resumo(s)
Budgets have traditionally played a central key role in most companies in activities such as: planning, coordinating, communicating, motivating, controlling and
evaluating operations (Drury, 2000). However they become a topic of critics and debate
among academics and practitioners, leading to the development of the idea of beyond
budgeting i.e. the implementation by managers of alternative approaches.
This study aim to present the results of a survey conducted to the 500 largest
companies operating in Portugal to: 1) collect empirical evidence on how their
managers see the budget as a tool to accomplish its purposes; 2) study if companies abandoned or plan to abandon the budget; 3) study, if not abandoning the budget, whether alternative approaches are being use to complement it; and 4) understand
whether the beyond budgeting practices have recently changed in Portugal. Overall, we
find that the majority of surveyed companies still use the budget and it is perceived to
be very important. Whilst some problems are appointed to budgets, surveyed companies
are complementing them with alternative approaches rather than abandoning budgets.
Descrição
A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
Palavras-chave
Budget Beyond budgeting Survey of budgeting practice Managerial accounting