Budgeting reconsidered: exploring change initiative in a bank

Danielius Valuckas (School of Accounting, RMIT University, Melbourne, Australia)

Journal of Accounting & Organizational Change

ISSN: 1832-5912

Publication date: 3 April 2019

Abstract

Purpose

This study aims to explore and understand a beyond budgeting-inspired initiative to abandon budgeting in a multinational bank.

Design/methodology/approach

Analysing data from semi-structured interviews with actors involved in and affected by the change initiative, this paper draws on Kasurinen’s accounting change framework as well as concepts from institutional theory to investigate the rationale for and the challenges of budget abandonment.

Findings

Although the improving financial market stability and the increasing accountability of banks after the global financial crisis motivated the initial organisational changes, the appointment of a head of finance with experience of beyond budgeting was a major catalyst of change. This change-promoting leader was of utmost importance in providing relevant training and support, facilitating the change initiative and overcoming the initial resistance to change. However, the remnants of former budgeting practice did not regress as intended, and the change initiative stalled.

Originality/value

This research contributes to beyond budgeting and accounting change studies by illustrating a stalled change initiative in the context susceptible to beyond budgeting ideas and highlighting the importance of aligning discourse and meaning with practice and routines.

Keywords

Citation

Valuckas, D. (2019), "Budgeting reconsidered: exploring change initiative in a bank", Journal of Accounting & Organizational Change, Vol. 15 No. 1, pp. 100-126. https://doi.org/10.1108/JAOC-10-2016-0060

Download as .RIS

Publisher

:

Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited

Please note you might not have access to this content

You may be able to access this content by login via Shibboleth, Open Athens or with your Emerald account.
If you would like to contact us about accessing this content, click the button and fill out the form.
To rent this content from Deepdyve, please click the button.