Version 1
: Received: 1 December 2023 / Approved: 4 December 2023 / Online: 4 December 2023 (04:20:35 CET)
How to cite:
Piosik, A.; Karmańska, A. Impact of Digitalization on Budgeting Functions: An Investigation into Contingency Theory Perspectives. Preprints2023, 2023120134. https://doi.org/10.20944/preprints202312.0134.v1
Piosik, A.; Karmańska, A. Impact of Digitalization on Budgeting Functions: An Investigation into Contingency Theory Perspectives. Preprints 2023, 2023120134. https://doi.org/10.20944/preprints202312.0134.v1
Piosik, A.; Karmańska, A. Impact of Digitalization on Budgeting Functions: An Investigation into Contingency Theory Perspectives. Preprints2023, 2023120134. https://doi.org/10.20944/preprints202312.0134.v1
APA Style
Piosik, A., & Karmańska, A. (2023). Impact of Digitalization on Budgeting Functions: An Investigation into Contingency Theory Perspectives. Preprints. https://doi.org/10.20944/preprints202312.0134.v1
Chicago/Turabian Style
Piosik, A. and Anna Karmańska. 2023 "Impact of Digitalization on Budgeting Functions: An Investigation into Contingency Theory Perspectives" Preprints. https://doi.org/10.20944/preprints202312.0134.v1
Abstract
The objectives of this article are to examine whether the application of digitalization in enterprise budgeting affects the fulfilment of budgeting functions and their qualitative characteristics, and to investigate whether the realization of budgeting functions brings benefits. The research was conducted from the perspective of contingency theory, both internal and external conditions. The study used an online survey targeting company budgeting staff. Structural Equation Modelling was utilized to validate the structural model (PLS-SEM technique). The conclusions confirm that the application of digitalization, which particularly pertains to ERP, Business Intelligence systems and accounting systems with budgeting solutions, positively impacts the fulfilment of budgeting functions and most of their qualitative characteristics, while Blockchain makes a minor contribution. Our research suggests that contingency variables, particularly internal ones such as company size, the quality of the organizational structure, and support for competitive strategy, continue to affect budgeting implementation even with the participation of digitalization in budgeting. Budgeting functions and their qualitative aspects are notably correlated with the advantages derived from budgeting, including financial performance, sustainable development and budget task execution.
Keywords
budgeting; digitalization; budgeting functions; company performance; management accounting
Subject
Business, Economics and Management, Accounting and Taxation
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Commenter:
Commenter's Conflict of Interests: I am one of the author