The relationship between using predictive budgets and financial planning effectiveness in Jordanian Manufacturing Companies
<p>This objective of this study is to investigate the relationship between using predictive</p><p>budgets and the effectiveness of financial planning effectiveness in Jordanian</p><p>Manufacturing Companies (JMCs). A standardized...
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| Format: | thesis |
| Language: | eng |
| Published: |
2022
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| Subjects: | |
| Online Access: | https://ir.upsi.edu.my/detailsg.php?det=9916 |
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| Summary: | <p>This objective of this study is to investigate the relationship between using predictive</p><p>budgets and the effectiveness of financial planning effectiveness in Jordanian</p><p>Manufacturing Companies (JMCs). A standardized random sampling method was</p><p>adopted in this research. The questionnaire has six parts and 61 items were used to</p><p>measure the relationship between predictive budgets enablers and financial planning</p><p>effectiveness. The research population is consisting of Jordanian manufacturing</p><p>companies with registered capital of Jordanian Dinar 50,000 or above (approx. US$</p><p>70,000). The total population of the study found is 399 companies, and the sample size</p><p>was 196 companies. The questionnaires were directed to the highest financial officer in</p><p>each company. Valid questionnaires for the study were 191, and 5 questionnaires were</p><p>incomplete. Pearson correlation results proved that there is a significant positive</p><p>relationship between enablers of using predictive budgets, namely, desire of using</p><p>predictive budgets, commitment to use system outputs of predictive budgets,</p><p>determinants of using predictive budgets, using scientific approach in preparing</p><p>predictive budgets, and the availability of knowledge and skills, and financial planning</p><p>effectiveness in JMCs. This study contributes to the addition of predictive role of</p><p>budgeting to theoretical framework according to the best managerial practices. The</p><p>practical contribution of this study is that it will assist JMCs to increase its financial</p><p>planning effectiveness and competitiveness abilities.</p> |
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