The Impact of Company Characteristics on Budget Implementation: An Investigative Study Applied to a Sample of Employees at Kufa Cement Plant

Abstract

The research aimed to uncover the impact of company characteristics, represented by the dimensions of size, age, type, and structure, on budget implementation, represented by its three dimensions, namely, operational budget, cash budget, and capital budget, in Kufa Cement Plant. The current research highlights the research vocabulary philosophically by collecting concepts and literary contributions of researchers in this framework in order to achieve the research objective. Methodologically, a questionnaire was used as the primary tool to collect data from the sample individuals, including managers, employees, technicians, and administrators. A total of 262 questionnaires were distributed, and 250 were retrieved. A variety of statistical methods and techniques were employed in data processing and hypothesis testing, including arithmetic mean, Spearman correlation, and regression analysis. The research adopted a descriptive-analytical methodology in dealing with theoretical and field data on its variables, which relies on describing the case and then analyzing it to reach conclusions. Several results were obtained, where the most important one was that there is a significant effect of company characteristics (age, size, type, and ownership structure) on budget implementation (operational, cash, and capital) in Kufa Cement Plant. The key recommendations emphasized focusing more on addressing the substantial deviations between actual cash and previously planned budgets in the studied plant.