The global debate on budgeting: empirical evidence from Nigeria
| dc.contributor.author | Abogun, S. | |
| dc.contributor.author | Fagbemi, T. O. | |
| dc.date.accessioned | 2021-06-02T13:55:57Z | |
| dc.date.available | 2021-06-02T13:55:57Z | |
| dc.date.issued | 2009 | |
| dc.description.abstract | Empirical evidence from developed economies provides that budgeting is a veritable tool for planning, controlling, coordinating, communicating, evaluating and improving performance and decision making. On the other hand, some experts have mounted wide-ranging criticism of the manner in which budgetary systems are typically implemented. It is claimed that budgeting is not a worthwhile exercise, adds no value to organizations, managers are dissatisfied with it, and therefore should be abandoned. However, the main focus of this research is to provide empirical evidence from a developing economy on the relevance of the budgetary system. Primary source of data was used and data were collected through the use of a questionnaire. Although, a total of one hundred and ten completed questionnaires from nine selected manufacturing companies were analyzed. A non-Parametric test and descriptive statistics were used for data analysis. This study shows that, though the budgetary system is not perfect, its usefulness cannot be over-emphasized. The study reveals that budgeting is perceived by managers as a worthwhile exercise and a value-creation process. It is recommended therefore that research should be directed towards improving the budgetary system rather than totally abandoning it. | en_US |
| dc.identifier.citation | 18. Abogun, S. & Fagbemi, T.O. (2009): The global debate on budgeting: empirical evidence from Nigeria Business Management Review. 13 (1), 1-13, Published by University Dar es Salaam, Tanzania | en_US |
| dc.identifier.uri | https://uilspace.unilorin.edu.ng/handle/20.500.12484/5811 | |
| dc.language.iso | en | en_US |
| dc.publisher | University Dar es Salaam, Tanzania. | en_US |
| dc.subject | global debate | en_US |
| dc.subject | budgeting | en_US |
| dc.title | The global debate on budgeting: empirical evidence from Nigeria | en_US |
| dc.type | Article | en_US |