What is it about?

The need to change budgeting has been frequently debated. Based on data from large Finnish manufacturing firms, this study shows that almost all business units have remained loyal to budgeting but changes in budget types are not uncommon and vary considerably.

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Why is it important?

My results indicate that, overall, the use of fixed budgets continued strongly, the use of revised and hybrid budgets declined, and the use of rolling budgets increased over time. Moreover, the joint use of budgets declined. The perceived success of budgetary processes was, initially, weakened by the use of fixed budgets and, later, by the use of revised budgets. The interview data further illustrates some of the patterns of, and reasons behind, the changes.


Writing a longitudinal mixed methods paper was a wish come true. Longitudinal analysis of change in the same business units was useful in revealing the patterns of change in budgeting and on relationships between the variables analysed over time.

Professor of Accounting Lili-Anne Kihn

Read the Original

This page is a summary of: Budgeting changes and success: abandonment, reform or stability in Finnish manufacturing firms?, Journal of Accounting & Organizational Change, November 2023, Emerald,
DOI: 10.1108/jaoc-12-2022-0187.
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