CEO Characteristics and Budgeting Practices in Emerging Market SMEs*
研究了土耳其制造业中小企业CEO特征（年龄、教育、经验开放性）对正式预算采用和使用程度的影响，发现经验开放性是一个重要因素。
Small and medium‐sized enterprises (SMEs) play an important role in the gross national product and employment in most emerging markets. However, little is known about their budgeting practices and, in particular, about the role of CEO characteristics for the adoption and extent of budget use. Drawing on a broad sample of manufacturing firms from Turkey, we shed light on the role of CEO characteristics for the adoption and extent of use of formal budgets. Our results suggest that apart from age and education, the CEO's openness to experience is an important factor for understanding budgeting practices in SMEs.