What is it about?

Some firms are known to place a strong emphasis on the purposes of budgeting, referring to a comprehensive focus on budgeting. Our results suggest that academic business education is positively associated with a comprehensive focus on budgeting, but tenure as well as functional position in the company (CFO or not) and age are not. Overall, the company-specific control variables in general and information quality in particular are shown to have greater explanatory power than the top management characteristics analysed.

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Why is it important?

This study identifies several empirically supported factors that seem to contribute to a comprehensive focus on budgeting. The effects of information quality, business education, importance of profit and firm size could also be considered in future research.


It was a please to co-author this paper with Dr. Eva Ström from Hanken School of Economics, Helsinki, Finland.

Professor of Accounting Lili-Anne Kihn

Read the Original

This page is a summary of: Top management characteristics and comprehensive focus on budgeting, Journal of Applied Accounting Research, December 2023, Emerald,
DOI: 10.1108/jaar-02-2023-0036.
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