Abstract

http://ssrn.com/abstract=410544
 
 

References (141)



 
 

Citations (16)



 


 



Practice Developments in Budgeting: An Overview and Research Perspective


Stephen C. Hansen


Naval Postgraduate School

David Otley


Lancaster University

Wim A. Van der Stede


London School of Economics & Political Science (LSE)

May 2003


Abstract:     
Practitioners in Europe and the U.S. recently have proposed two distinct approaches to address what they believe are shortcomings of traditional budgeting practices. One approach advocates improving the budgeting process and primarily focuses on the planning problems with budgeting. The other advocates abandoning the budget and primarily focuses on the performance evaluation problems with budgeting. This paper provides an overview and research perspective on these two recent developments. We discuss why practitioners have become dissatisfied with budgets, describe the two distinct approaches, place them in a research context, suggest insights that may aid the practitioners, and use the practitioner perspectives to identify fruitful areas for research.

Number of Pages in PDF File: 40

Keywords: budgeting, planning, strategy, activity based budgeting

JEL Classification: M40, M46

working papers series


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Date posted: September 28, 2003  

Suggested Citation

Hansen, Stephen C. and Otley, David and Van der Stede, Wim A., Practice Developments in Budgeting: An Overview and Research Perspective (May 2003). Available at SSRN: http://ssrn.com/abstract=410544 or http://dx.doi.org/10.2139/ssrn.410544

Contact Information

Stephen C. Hansen (Contact Author)
Naval Postgraduate School ( email )
555 Dyer Road
Monterey, CA 93943
United States
831-656-3930 (Phone)
David T. Otley
Lancaster University ( email )
The Management School
Lancaster LA1 4YF
United Kingdom
+441 524 593 632 (Phone)
+441 524 652 01 (Fax)
Wim A. Van der Stede
London School of Economics & Political Science (LSE) ( email )
Houghton Street
London, WC2A 2AE
United Kingdom
+44 (0)20 7955 7420 (Fax)
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References:  141
Citations:  16

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