THE RELATIONSHIP BETWEEN BUDGETING PRACTICES AND THE COMPANY INDUSTRY: INSIGHTS FROM MACEDONIAN COMPANIES
THE RELATIONSHIP BETWEEN BUDGETING PRACTICES AND THE COMPANY INDUSTRY: INSIGHTS FROM MACEDONIAN COMPANIES

Summary/Abstract: The purpose of this research is to provide new perspectives on the performance management models of Macedonian companies, focusing on budgeting processes in companies listed on the Macedonian Stock Exchange. The collected data reveal which budgeting methods are most often used by Macedonian companies and make recommendations for the use of other more appropriate methods. The main findings show that, currently (2021-2022), traditional budgeting is the dominant method of budgeting in the Macedonian companies, the biggest sample coming from companies in the production sector. Contrary to expectations, Beyond Budgeting approach, Incremental Budgeting and Zero Based Budgeting are the least used budgeting methods by Macedonian companies, in the relevant period. Additionally, we detect no significant association between the industry and the budget method used.

• Details
• Contents