How Top-Down and Bottom-Up Budget Target Setting Affect Budget Slack and Performance Through Social and Economic Exchange

2012 ◽  
Author(s):  
Stephan Kramer ◽  
Frank G. H. Hartmann
Keyword(s):  
Economic Exchange ◽  
Top Down ◽  
Target Setting ◽  
Bottom Up ◽  
And Performance

A Theory of Participative Budgeting

2013 ◽  
Vol 89 (3) ◽  
pp. 1025-1050 ◽  
Author(s):  
Mirko S. Heinle ◽  
Nicholas Ross ◽  
Richard E. Saouma
Keyword(s):  
Information Asymmetry ◽  
Private Information ◽  
Agency Costs ◽  
Top Down ◽  
Maximal Level ◽  
Bottom Up ◽  
Budgetary Slack ◽  
Participative Budgeting ◽  
And Performance ◽  
Budgeting Process

ABSTRACT This paper complements the ongoing empirical discussion surrounding participative budgeting by comparing its economic merits relative to a top-down budgeting alternative. In both budgeting regimes, private information is communicated vertically between a principal and a manager. We show that top-down budgeting incurs fewer agency costs than bottom-up budgeting whenever the level of information asymmetry is relatively low. Although the choice between top-down and bottom-up budgeting ultimately determines who receives private information within the firm, we find that both the principal and manager's preferences over the allocation of private information remain qualitatively similar across the two budgeting paradigms. Specifically, while the principal always prefers either minimal or maximal private information, the manager prefers an interim or maximal level of private information regardless of who is privately informed. Last, we use our model to address empirical inconsistencies relating the firm's choice of budgeting process, the resulting budgetary slack, and performance.

Lower Order Cities and National Urbanization Policies: China and India

1984 ◽  
Vol 16 (4) ◽  
pp. 487-512 ◽  
Author(s):  
T Banerjee ◽  
S Schenk
Keyword(s):  
Developing Countries ◽  
Lower Order ◽  
National Development ◽  
Spatial Development ◽  
Top Down ◽  
Bottom Up ◽  
China And India ◽  
Effective Role ◽  
Rapid Pace ◽  
And Performance

In this paper, we examine the urbanization history and policies of China and India with a special emphasis on the lower order cities. We consider the proposition that, as the developing countries continue to urbanize at a rapid pace, the lower order cities can play a potentially effective role in guiding future urbanization and in securing a balanced economic and spatial development. Through an examination of the urbanization records, policies, and performance of the lower order cities in these two countries we discuss the ‘top-down’ versus the ‘bottom-up’ approaches to urbanization strategy and national development. We conclude by discussing the nature of the differences between the urbanization policies of China and India and the transferability of the Chinese experience to other contexts.

Psychology and Culture: Top Down Versus Bottom Up?

PsycCRITIQUES ◽  
2005 ◽  
Vol 50 (19) ◽  
Author(s):  
Michael Cole
Keyword(s):  
Top Down ◽  
Bottom Up

Optimalisasi Ekonomi Syariah Untuk Peningkatan Kesejahteraan Masyarakat Dalam Pengentasan Kemiskinan Mewujudkan Goodgovernance

2019 ◽  
Vol 4 (1) ◽  
pp. 19
Author(s):  
Sadari Sadari ◽  
Nurhidayat Nurhidayat ◽  
Rafiqah Rafiqah
Keyword(s):  
Top Down ◽  
Bottom Up

Humanisme religius telah mengantarkan pada era kesadaran bahwa peradaban manusia harus memiliki dua arus yang saling menunjang. Selama ini arus balik dalam bidang ekonomi hanya menonjolkan arus balik vertikal atas kebawah (model top down) yang didominasi oleh sistem ekonomi kapitalis dan sosialis, sedangkan di sisi lain mengesampingkan arus balik vertikal dari bawah ke atas (model bottom up) yang didominasi oleh sistem ekonomi syariah, sehingga dampaknya adalah adanya kesenjangan ekonomi yang sangat tajam. Paper ini mewujudkan peran penting, yakni menghubungkan dua arus tersebut secara timbal-balik, yakni mempertemukan arus pertama dengan arus balik kedua, sehingga akan menghasilkan dampak yang positif, progresif, kreatif dan produktif, kemudian pada akhirnya akan dapat meng-optomal-kan ekonomi syariah untuk menciptakan goodgovernance, post goodgovernance secara berkelanjutan, tentunya dengan bantuan peran media kontemporer yang kian update. Ekonomi syariah juga merupakan pilar dan nilai dasar, dari sikap keyakinan dan sikap rasionalitas untuk sanggup menciptakan terwujudnya pemberdayaan dan kesejahteraan sekaligus pengentasan kemiskinan dalam masyarakat di Indonesia.

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