1. CUIR at Chulalongkorn University

Browsing by Author The purpose of this thesis is to study the relationship between budgetary participation and budgeting effectiveness. Budgetary slack and managerial performance are used as surrogate measure of budgeting effectiveness. One thousand and one hundred and sixty four questionnaires were mailed to sales managers and production managers in 582 manufacturing companies listed in the 1000 largest companies in Thailand directory. Two hundred and forty four usable completed questionnaires were received. Attitude of middle management toward budgeting is also surveyed. The analysis revealed that there is a relationship between budgetary participation and budgetary slack at the significant level of .05 with the variance explained of 4.7 %. Similarly, there is a relationship between budgetary participation and managerial performance at the significant level of .05 with the variance explained of 24.5 %. The survey of middle management attitude indicated positive attitude towards budgeting. The majority of the respondents consider budgeting is a very important tool for management and other areas. In addition, the respondents also agreed with the use of variance between budgeted and actual performance as a basis for the consideration to extend rewards to employees. According to the majority of the respondents, internal politic has very minimal impact on the budgeting process of their company.