In Search of a Theory of Budgeting: A Literature Review

54 Pages Posted: 18 Jan 2018

See all articles by Staci Kenno

Staci Kenno

Brock University - Goodman School of Business

Michelle Lau

Brock University - Goodman School of Business

Barbara Sainty

Brock University - Accounting

Date Written: January 17, 2018

Abstract

Budgeting is synonymous with management accounting research but what is less synonymous is a cohesive or comprehensive theory of budgeting. As budgeting is used throughout all types of organizations and in many research articles, future budgeting research may benefit from a comprehensive review of the theories used by previous budgeting researchers in order to advance the discussion of the benefits and drawbacks of budgeting. This literature review highlights the major theories used in budgeting articles as well as the common variables used, causal model forms identified and use of budgeting in 251 articles. Though we find no cohesive theory of budgeting we identify the importance of a unified thought process to budgeting research and provide insights for future work in the area.

Keywords: Budgeting, Literature review, theory

Suggested Citation

Kenno, Staci and Lau, Michelle and Sainty, Barbara, In Search of a Theory of Budgeting: A Literature Review (January 17, 2018). 2018 Canadian Academic Accounting Association (CAAA) Annual Conference. Available at SSRN: https://ssrn.com/abstract=3104315 or http://dx.doi.org/10.2139/ssrn.3104315

Staci Kenno (Contact Author)

Brock University - Goodman School of Business ( email )

1812 Sir Isaac Brock Way
St. Catherines, Ontario L2S 3A1
Canada

Michelle Lau

Brock University - Goodman School of Business ( email )

500 Glenridge Avenue
International Business and Strategy
St. Catherine's, Ontario L2S 3A1
Canada

Barbara Sainty

Brock University - Accounting ( email )

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