Budgetary participation, job satisfaction, organizational commitment and work performance of managers at vietnamese enterprises

Abstract

The aim of the article is to study the impact of budget participation on job satisfaction and organizational commitment, thereby improving the work performance of managers in Vietnamese enterprises. The research sample includes 133 survey questionnaires that are middle-level and grassroots managers at Vietnamese enterprises, with a minimum of 2 years of working experience, and experience participating in budget estimation in the fields of sales, marketing, finance, accounting and production. Collected data were processed using SPSS 20 and Smart PLS software. The research results show that the hypotheses in the model are accepted. That is the direct, positive impact between participation in budget estimates on job satisfaction and organizational commitment of Vietnamese business managers. And the indirect impact of budgetary participation on work performance through two intermediate variables is job satisfaction and organizational commitment. The research contributes to enriching the research system on the research stream of participation in budget estimation based on agency theory, psychological theory and work performance theory in a developing country - Vietnam. Besides, the research also offers some management implications for Vietnamese businesses in enhancing work efficiency in the current competitive context.