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| Article Name : | | | EMPLOYEE PARTICIPATION IN BUDGETING AND EFFECTIVE BUDGETARY CONTROL A TOOL FOR ENHANCING ORGANIZATIONAL PERFORMANCE | | Author Name : | | | OBIGBEMI IMOLEAYO FOYEKE | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ISRJ-60 | | Article URL : | |  | Author Profile | | Abstract : | | | Organizational performance is a major issue of concern to stakeholders in any business. Stakeholders are of keen interest on the positive performance of the business enterprise they have interest in. Boosting performance however does not start during regular activities of the organization, but before the regular activities commence through budgeting and during the regular business activities of the organization towards the attainment of the organizational objectives. This research dealt with the impact of employee participation in budgeting as well as the adoption of effective budgetary control in the improvement of organizational performance of medium and large scale enterprises in Nigeria. The data used for this research was collected through the administration of research questionnaire to employees of medium and large scale enterprises in Nigeria. The research hypotheses were tested using regression analysis and correlation. At the end of the research, it was found out that employee participation and in budgeting as well as effective budgetary control are essential tools for the enhancement of organizational performance. The research therefore recommends that medium and large scale companies should adopt the bottom up budgeting system by allowing employees participate in budget formation, as well as the use of periodic budgetary control method. | | Keywords : | | - budgeting
- organizational performance
- employee participation
- budgetary control
- organizational objectives
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