A REVIEW OF BUDGETARY SLACK FROM THE CORPORATE GOVERNANCE PERSPECTIVES

Authors

  • Jia Bin Faculty of Entrepreneurship and Business, Universiti Malaysia Kelantan, Malaysia; Department of Economics and Management, Bozhou University, Bozhou, China
  • Noorul Azwin Md Nasir Faculty of Entrepreneurship and Business, Universiti Malaysia Kelantan, Malaysia
  • Zaminor Zamzamir@Zamzamin Faculty of Entrepreneurship and Business, Universiti Malaysia Kelantan, Malaysia
  • Amira Jamil Faculty of Entrepreneurship and Business, Universiti Malaysia Kelantan, Malaysia

DOI:

https://doi.org/10.35631/AIJBES.622015

Keywords:

Budgetary Slack, Executive Remuneration, Executive Risk Appetite, Independent Directors, Directors' Expertise, Corporate Governance

Abstract

Existing research and practice have found that budget management does not work as expected, and some problems incompatible with firm development are gradually exposed, budgetary slack being one of them. Using the research method of literature review, this paper identifies the determinants of budgetary slack from the perspective of corporate governance as: executive remuneration, executive risk appetite, independent directors and director expertise, respectively, which fills the gap between the influence of executive characteristics and board characteristics on budgetary slack. Studying the determinants of budgetary slack can help firms improve the quality of budget management, optimise internal control and enhance the quality of corporate governance.

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Published

2024-12-15

How to Cite

Jia Bin, Noorul Azwin Md Nasir, Zaminor Zamzamir@Zamzamin, & Amira Jamil. (2024). A REVIEW OF BUDGETARY SLACK FROM THE CORPORATE GOVERNANCE PERSPECTIVES. ADVANCED INTERNATIONAL JOURNAL OF BUSINESS, ENTREPRENEURSHIP AND SME’S (AIJBES), 6(22). https://doi.org/10.35631/AIJBES.622015

Issue

Vol. 6 No. 22 (2024): Volume: 6 Issues: 22 [December, 2024]

Section

Articles