Abstract
In this paper, qualitative and quantitative methods (descriptive statistics, Cronbach's Alpha test, extraction variance test and multiple regression) have been applied in the study of factors affecting the establishment of budget estimation of small and medium commercial enterprises in Ho Chi Minh City. 8 factors affecting the process of building budget estimation of commercial enterprises in Ho Chi Minh City have been identified based on the results of qualitative research. Quantitative research was conducted with 302 questionnaires for 8 independent variables with 4-6 scales for each variable. Survey results of experts, testing hypotheses by evaluating the reliability of each scale and survey data, testing the factor analysis model and explaining the observed variables shows 8 factors. There is a close correlation with the construction of budget estimation for SMEs in HCMC. The variables are positively related to the dependent variable budget estimation. Multiple regression results allow to arrange the influence of factors on establishing budget estimation in small and medium enterprises in Ho Chi Minh City in the following order: Leadership point of view> Human resources> Infrastructure> Accounting organization> Estimating process> Enterprise size> Policy regime> Business characteristics.
Highlights
Budget estimation helps to detail the goals of the organization, helps managers make the right strategic decisions, in order to achieve the short- and long-term development goals of the business
10) Ownership structure: According to experts, small and medium commercial enterprises have no division of type of enterprise, there is no division of power in the organization as well as the dispersion of ownership
Combining comparative synthesis methods, objective reasoning with quantitative research methods such as descriptive statistics, Cronbach's Alpha test, extraction variance test and multiple regression factors affecting the establishment of budget estimation of SMEs in Ho Chi Minh City were comprehensively reviewed
Summary
Budget estimation helps to detail the goals of the organization, helps managers make the right strategic decisions, in order to achieve the short- and long-term development goals of the business. The purpose of budget estimation is to plan the activities of enterprises in the future in order to ensure that the activities of enterprises are completed in the best way to achieve the goals; coordinate departments; communicate; allocate resource; perform evaluation; allocate responsibility; set goals; motivate employees and help employees to have an overall perception of the enterprise, to understand how their work contributes to the success of the enterprise (Drury, 2004). Banovíc, (2005) pointed out the main factors affecting the construction of the budget include: information technology (IT), business size, strategy, organizational structure, operating environment and organizational culture. Hang (2016), gave a theoretical research model of factors affecting small and medium enterprises' budget estimation, including human resources, process of establishing budget estimation, facilities, and government policies, organize the accounting work and control the budget creation process. All of them have a proportional influence on the establishment of natural resources in Binh Phuoc province. Liem (2018) based on the survey results of more than 200 enterprises in the
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