Hoque, Zahirul and Hopper, Trevor (1997) Political and industrial relations turbulence, competition and budgeting in the nationalised jute mills of Bangladesh. Accounting and Business Research, 27 (2). pp. 125-143. ISSN 0001-4788
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Abstract
This paper reports an empirical investigation, based on triangulation methods, of how a set of environmental facts affect budgeting characteristics in the nationalised jute mills of Bangladesh. The key factors were derived from intensive fieldwork. Five external factors (political climate, industrial relations, competition, aid agencies and government regulations) were deemed to affect budget-related factors (such as participation, accountability for budget, budget evaluation, budget analysis, interactions among managers and budget flexibility). Data from 38 state-owned jute mills within the Bangladesh Jute Mills Corporation (BJMC) are used to test the propositions. The analyses of data reveal a significant relationship between environmental factors and budget-related behaviour. Political factors, industrial relations and market competition were major influences on how budgeting systems were perceived. The study shows how political volatility and industrial relations can render the formal systems of budgeting and controls ineffective for internal management despite worthy intentions. On the other hand, when managers believed external competition on their mill to be great, they perceived budgeting more positively.
Item Type: | Article |
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Schools and Departments: | University of Sussex Business School > Accounting and Finance |
SWORD Depositor: | Mx Elements Account |
Depositing User: | Mx Elements Account |
Date Deposited: | 07 Jan 2022 14:31 |
Last Modified: | 07 Jan 2022 14:45 |
URI: | http://sro.sussex.ac.uk/id/eprint/103690 |
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