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首页> 外文期刊>Research Journal of Finance and Accounting >Budgeting and Its Effect on the Financial Performance of Listed Manufacturing Firms: Evidence from Manufacturing Firms Listed on Ghana Stock Exchange
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Budgeting and Its Effect on the Financial Performance of Listed Manufacturing Firms: Evidence from Manufacturing Firms Listed on Ghana Stock Exchange

机译：预算及其对制造业上市公司财务绩效的影响：来自加纳证券交易所上市制造业公司的证据

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摘要

Organizations in both developed and developing countries face high competitions in the business sector. It is essential that businesses that want to remain competitive develop the desire of identifying the role of budgeting and its effect on their financial performance. In this regard, this study explored the role of budgeting and its effect on financial performance of listed manufacturing firms on the Ghana Stock Exchange as a case study. Specifically, the study sought to examine the role of budgeting and to analyze the impact of budgeting on the financial performance of these firms. Both cross-sectional and convenient sampling techniques were used to select fifty-one (51) respondents as the sample size of the study. Questionnaires were used to obtain data from the respondents. The correlation matrix was used to establish a positive relationship between budgeting and financial performance. The study discovered that budgeting plays imperative roles in the financial performance of listed manufacturing firms. The study again unveiled that there is a strong positive correlation between budgeting and financial performance. The study also concludes that planning; monitoring and control; coordination and evaluation plays a vital role and has a positive effect on the financial performance of manufacturing firms. The study recommends that managers must produce comprehensive budgetary plans to enable the employment of long-term plans. Annual budgeting review must also be incorporated permanently to enable the manufacturing firms to identify key financial indicators for their business and how and when to monitor them and to plan for future operations, refine existing strategic plans and considers how they can respond to current competitions.
机译：发达国家和发展中国家的组织在商业领域都面临着激烈的竞争。想要保持竞争力的企业必须发展出确定预算作用及其对财务绩效的影响的愿望。在这方面，本研究以案例研究的形式探讨了预算的作用及其对加纳证券交易所上市制造公司财务业绩的影响。具体而言，该研究试图检查预算的作用，并分析预算对这些公司财务业绩的影响。横断面抽样和便捷抽样技术均被用来选择五十一（51）名受访者作为研究的样本量。问卷被用来从受访者那里获得数据。相关矩阵用于建立预算与财务绩效之间的正相关关系。研究发现，预算在上市制造业公司的财务绩效中起着至关重要的作用。该研究再次表明，预算与财务绩效之间存在很强的正相关关系。研究还得出结论：监控;协调与评估起着至关重要的作用，并且对制造企业的财务绩效产生积极影响。该研究建议管理人员必须制定全面的预算计划，以便能够使用长期计划。还必须永久纳入年度预算审查，以使制造公司能够确定其业务的关键财务指标以及如何以及何时对其进行监控，并为未来的运营进行规划，完善现有的战略计划，并考虑它们如何应对当前的竞争。

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