Corporate Budgeting Is Broken, Let's Fix It

260 citations recorded by the source corpus.

How researchers see this paper

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Remuneration: Where We've Been, How We Got to Here, What Are the Problems, and How to Fix Them (2004, background): “(Fuller and Jensen (2002)) 84 See Fuller and Jensen, "Just Say No To Wall Street: Putting A Stop To the Earnings Game", for a full discussion.”
Intellectual capital, management accounting practices and corporate performance : perceptions of managers (2007, background): “There is, for example, growing recognition of the limitations of conventional budgeting (e.g. Stewart, 1990; Bunce et al., 1995; Fanning, 2000; Hope and Fraser, 2001; Jensen, 2001; Wallander, 1999; Hansen et al., 2003; Marginson and Ogden, 2005).”
Goal Setting as a Motivator of Unethical Behavior (2004, background): “For example, Jensen (2001) contended that cheating to earn bonuses (for reward goals) is so endemic that unethical behaviors are often expected.”
The Impact of Performance-based Compensation on Misreporting (2006, unknown): “Jensen (2001) explains that when targets are set for compensation, management has the incentive to meet that hurdle, even at the expense of the long-term value of the company.”