Cross-cultural Impact On The Budgeting Cycle. An Empirical Comparison Between Anglo-American And Libyan Companies Operating In The Libyan Oil Sector

      Аннотация: The most influential obstacle that prevents harmonization in organizational budgeting is often related to culture or, more specifically, to the impact of cultural differences on employees involved in the process. The impact of human behavior on budget processes in an organization is a well established research stream in the accounting discipline. The Libyan oil industry is a perfect showcase of the impact of globalization and changes in economic, political and cultural integration on the modern business environment. The book examines individual cultural differences using Hofstede’s (2005) four dimensional model, to understand how and to what extent specific budgeting behavior can be attributed to cultural differences.

Ключевые слова: Anglo-American, Cross culture, Hofstede, Libya, oil sector, Budgeting Process