EFFECTS OF BUDGETARY PARTICIPATION ON FIRM PERFORMANCE ON FINANCE BUSINESSES IN THAILAND
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Abstract
This study aims at investigating the relationships among budgetary participation, resource utilization, operational effectiveness, business productivity, and firm performance of finance businesses in Thailand. The samples of the study are 178 finance businesses in Thailand. The results show that budgetary participation has an important impact on resource utilization and business productivity, but it has no influence on operational effectiveness and firm performance. Likewise, resource utilization significantly affects operational effectiveness and business productivity while only operational effectiveness is critically related to firm performance, but resource utilization and business productivity have no effect on firm performance. In this study, budgetary participation becomes a main strategic tool in helping firms drive, explain and determine superior business outcomes in the volatile competitive markets and environments. Accordingly, executives of firms need to support and promote their employees to study and understand the benefits, limitations and implementations of budgetary participation. More successful implementation of budgetary participation is likely to enhance firms to survive and sustain in business operations.
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How to Cite
Phornlaphatrachakorn, K., Ketchompoo, D., & Ngamsutti, S. (2020). EFFECTS OF BUDGETARY PARTICIPATION ON FIRM PERFORMANCE ON FINANCE BUSINESSES IN THAILAND. AU-GSB E-JOURNAL, 12(2), 82-97. Retrieved from https://assumptionjournal.au.edu/index.php/AU-GSB/article/view/4500
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