Faculty of Economics and Business Administration

Faculty of Economics and Business Administration

Sukurta: 21 July 2018

ef9 Saulėtekio, LT-01222 Vilnius 

Tel. 236 6126

Email.

Web. http://www.evaf.vu.lt/

Dean – Prof. Dr. Aida Mačerinskienė

 

STAFF

125 teachers (93 holding research degree), 5 research fellows (4 holding research degree), 45 doctoral students.

DEPARTMENTS OF THE FACULTY

Department of Accounting and Auditing
Department of Business
Department of Economic Informatics
Department of Economic Policy
Department of Finance
Department of Management
Department of Marketing
Department of Quantitative Methods and Modeling
Department of Theoretical Economics

DOCTORAL DISSERTATIONS DEFENDED IN 2017

R. Budrionytė. The financial accounting model for forests managed by business entities.

M. Kavaliauskė Influence of personal and external factors on green consumer behaviour.

MAIN SCIENTIFIC ACHIEVEMENTS IN 2017

Araujo, Juliana D., Lastauskas, Povilas and Chris Papageorgiou. 2017. Evolution of bilateral capital flows to developing countries at intensive and extensive margins. Journal of Money, Credit and Banking, vol. 49.7, p. 1517–1554.

Bartkus, Algirdas. 2017. The minimum wage and the Lithuanian labour market. Economics of Transition, vol. 25.1, p. 47–75.

Borowczyk-Martins, Daniel, Jake Bradley, and Linas Tarasonis. 2017. Racial discrimination in the U.S. labour market: employment and wage differentials by skill. Labour Economics, vol. 49, p. 106–127.

Gineikiene, Justina, Justina Kiudyte, and Mindaugas Degutis. 2017.  Functional, organic or conventional? Food choices of health conscious and skeptical consumers. Baltic Journal of Management, vol. 12.2, p. 139–152.

Grüning, Patrick. 2017. International endogenous growth, macro anomalies, and asset prices. Journal of Economic Dynamics and Control, vol. 78, p. 118–148.

Weber, Matthias, and Arthur Schram. 2017. The non‐equivalence of labour market taxes: a real‐effort experiment. The Economic Journal, vol. 127.604, p. 2187–2215.

 

DEPARTMENT OF ACCOUNTING AND AUDITING

Room 610, 9 Saulėtekio, 01222, Vilnius

Tel. 236 6153, fax. 236 6127

E-mail: 

Head – Prof.  Dr. Rasa Subačienė

STAFF

Professors: Habil. Dr. V. Lakis, Dr. L. Gaižauskas, Dr. R. Subačienė.
Associate professor: Dr. K. Senkus. 
Assistants:  I. Kamarauskienė, D. Raziūnienė, V. Savickas, D. Tamulevičienė, Dr. D.Vaicekauskas, Dr. Ž. Simonaitytė, Dr. G. Venckevičiūtė.
Junior assistants:  L.Kazlauskienė, R. Budrionytė.
Doctoral students: R. Budrionytė, D. Tamulevičienė, V. Savickas, A. Jaugelavičienė, D. Raziūnienė, A. Masiulevičius, A. Šalienė.

RESEARCH INTERESTS

Research of methods of different spheres of financial accounting
Analysis of different types of activities and improvement of financial analysis methods
Evaluation of management accounting methods and their development
Investigation of audit methodology

RESEARCH PROJECTS CARRIED OUT IN 2017

Projects Supported by University Budget

Development of Accounting and Auditing. Prof. Dr. R. Subačienė.

Research of methods of different spheres of financial accounting was conducted. Specifics of financial accounting of forest managed by business entities were investigated and financial accounting model for forest was created and confirmed its’ application possibilities. Accounting and analysis system for liabilities was presented. Formation and accounting of provisions in commercial banks were analysed.

The results were presented at international conferences in the Lithuanian universities and other countries (Latvia, Russia, and Ukraine) or were published.

Main publications:

Lakis, V., Masiulevičius, A. 2017. Acceptable audit materiality for users of financial statements. Vadyba (Jounal of Management), no. 2, p. 117–125.

Lakis, V., Masiulevičius, A. 2017. Limitations and application possibilities of the monetory unit audit sampling method: theoretical aspect. Ekonomika (Economics), vol. 96, no. 1, p. 131–144; doi: 10.15388/Ekon.2017.1.10668.

Mackevičius, J., Tamulevičienė, D., Subačienė, R. 2017. Audito raida Lietuvoje: etapai, svarbiausi įvykiai ir datos (The development of the independent Lithuanian audit: stages, most important events and dates). Viešasis administravimas (Public Administration), no. 1–2, p. 82–95.

Raziūnienė, D., Verbickaitė, G. 2017. Reikšmingumo samprata finansinių ataskaitų audite (The concept of the materiality in the financial statement auditing). Apskaitos ir finansų mokslas ir studijos: problemos ir perspektyvos (Science and Studies of Accounting and Finances: Problems and Perspective), vol. 11, no. 1, p. 41–51; doi: 10.15544/ssaf.2017.05.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Auditing and Accounting Office (Lithuania) 
Chamber of Lithuanian Auditors (Lithuania)
Kaunas University of Technology (Lithuania)
Wroclaw University of Economics (Poland)
Polotsk State University (Belarus)

OTHER SCIENTIFIC ACTIVITIES

Prof. V. Lakis –

  • deputy editor-in-chief of the journals Transformation in Business & Economics; Ekonomika (Economics); Organization and Markets; Apskaitos teorija ir praktika (Accounting Theory and Practice); Apskaitos ir finansų mokslas ir studijos: problemos ir perspektyvos (Science and Studies of Accounting and Finance Problems and Perspectives); Finanse (Finance), Poland; Przedsiębiorstwo&Finanse (Business & Finance), Poland;
  • member of the Audit Quality Commitee at Lithuanian Auditors Chamber;
  • scientific committee member of the international conference Accounting, Audit, Analysis: Science and Studies Retrospective and Perspective.

Prof. R. Subačienė –

  • editorial board member of the journals Apskaitos ir finansų mokslas ir studijos: problemos ir perspektyvos (Science and Studies of Accounting and Finance Problems and Perspectives); Latgale National Economy Research, Latvia;
  • scientific committee member of the international conference Accounting, Audit, Analysis: Science and Studies Retrospective and Perspective.                                                  

Assoc. Prof. K. Senkus –

  • scientific committee member of the international conference Accounting, Audit, Analysis: Science and Studies Retrospective and Perspective.

Jr. Assist. L. Kazlauskienė –

  • member of the Lithuanian Chamber of Auditors;
  • member  of the Lithuanian Association  of Accountants and Auditors;
  • member of the Accounting Standards Committee for Public Sector.

Jr. Assist. R. Budrionytė –

  • member of Accounting Standards Committee;
  • member of Commission of the Experts and Assessors of the Auditors’ Qualification Examinations.

Assist. I. Kamarauskienė –

  • member of the Lithuanian Chamber of Auditors;
  • head of Training Committee of the Lithuanian Chamber of Auditors;
  • member of the Institute of International Auditors;
  • member of Lithuanian Association of Internal Auditors;
  • head of the Internal Audit Committee of the Vilnius University Endowment.

Assist. D. Raziūnienė –

  • member of Lithuanian Association of Internal Auditors;
  • member of International Association of Internal Auditors.

 

DEPARTMENT OF BUSINESS

Room 516, 9 Saulėtekio, 01222, Vilnius

Tel. 236 6152, fax. 236 6127

E-mail: 

Head – Assoc. Prof. Dr. Asta Fominienė

STAFF

Professors:  Dr. M. Kučinskienė, Dr. A. Mačerinskienė, Dr. L. Belinskaja, Dr. A. Iurasov.
Associate professors:  Dr. A. Fominienė, Dr. G. Jatuliavičienė, Dr. M. Krutinis, Dr. A. Ulbinaitė, Dr. J. Žemgulienė, Dr. T. Gudaitis.
Lecturers:  Dr. R. Paulienė, Dr. L. Pilukienė, Dr. K. Šerpytis, D. Shahbazov, D. Liučvaitis, B. Vilčiauskaitė, V. Grigaitienė, V. Pugačevskis, M. Morkūnas.
Doctoral students: G. Mikaliūnienė, D. Baliūnas, R. Broniukaitis, Y. Liu, D. Shahbazov, G Baublys.

RESEARCH INTERESTS

Business environment changes management in the integrated market
Expression of new paradigm leadership as business competitiveness
Pension system reforms and private pension funds
Research of enterpreneurship and services process management
Enterprises risk management,
Intellectual capital and strategic decisions

RESEARCH PROJECTS CARRIED OUT IN 2017

Projects Supported by University Budget

The Evaluation of Lithuania’s Business Changes Influencing Factors, for Seeking Competitive Advantage in the Integrated Market. Assoc. Prof. Dr. A. Fominienė. 2016–2020.

One section of the project is A. Ulbinaitė’s research focusing on the impact of cultural, social, and economic values on the life insurance market in the Asian societies and economics with a special focus on the case of Taiwan and the phenomenon of death taboo that shapes the life insurance market in the modern world and determines its result. Moreover, the paper of A. Ulbinaitė and her co-author analyses the concept of business integration, benefits, and causes of success and failure, providing a study case of Facebook and its acquisitions as an example of a successful growth strategy in the social media and network markets.

Main publications:

Zapata, S. B., Ulbinaitė, A. 2017. Business integration as a strategy of growth in the social media and network markets: the case of Facebook. 4th International Conference on Business, Big-Data, and Decision Sciences. August 2–4, 2017, Bangkok, Thailand, p. 210–219.

Medaiskis T., Gudaitis T. 2017. Evaluation of second pillar pension funds’ supply and investment strategies in Baltics. Journal of Business Economics and Management, vol. 18, iss. 6, p. 1171–1192; doi: 10.3846/16111699.2017.1381145.

Žemgulienė, J. Valukonis, M. 2017. Enterprise environmental investments and productivity growth-evidence for Lithuania industry sectors. SGEM 2017. 17th international multidisciplinary geoconference, vol. 17 Ecology, Economics, Education and Legislation, iss. 53. Conference Proceedings. Sofia: SGEM, p. 293–299; doi: 10.5593/sgem2017/53/S21.037.

Kučinskienė, M., Broniukaitis, R. 2017. Intellectual capital and strategic decisions: an integrative approach. Informacijos mokslai (Information Sciences), vol. 78, p. 53–65;          doi: 10.15388/Im.2017.78.10834.                 

International Research Projects

Research project: Death Taboo as a Decisive Construct in The Chinese Culture and Economics: the Case of Life Insurance in Taiwan. Short-Term Research Award (Stra 2017) *. Dr. A. Ulbinaitė.

*This work has been supported by Ministry of Education of the Republic of China (Taiwan) in cooperation with National Taipei University of Technology in Taipei, under the academic guidance of Distinguished Professor Jung-Fa Tsai.

This research employs Ajzen’s approach and methodology of theory of planned behaviour and results in a multiple linear regression model that reveals the determinants and their respective weights in terms of the Taiwanese intentions and behaviour towards purchasing life insurance on short-term. Additionally, this research discusses the sub-questions of how life insurance can find its way to and get integrated in one’s life, what ways of selling life insurance products in the death-mention sensible Taiwanese market are, as well as how we can define a culturally acceptable view on the problem and derive its solution. Result of the project, an extended research study, is submitted to the Ministry of Education of the Republic of China (Taiwan).

National Research Projects

Research Council of Lithuania. Modelling of Participation Strategy in the Second Pillar Pensions System. (Project No. MIP-012/2015). Project coordinator: Vilnius University. Assoc. Prof. T. Gudaitis. 2015–2018.

This research project evaluates the Lithuanian second pillar pension system from the point of view of an individual participant. The goal of the research is to evaluate whether the participants who joined second pillar pension system in 2004 and retire at the beginning of the year 2019 made the beneficial decision and increase their retirement income. Analysis was based on the historical results and data of pension accumulation of a 12-year period from 2004 until the end of 2015 with forecasted continuation of participation for the 2016–2018 period based on the methodology prepared by the authors. The results demonstrate that participation in the fully funded second pillar pension system, compared with non-participation, may in general be assessed as positive and effective.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Vilnius Convention Bureau www.vilnius-convention.lt (Lithuania)
Enterprise Lithuania (Lithuania)
Invest Lithuania (Lithuania)
State Department of Tourism under the Ministry of Economy (Lithuania)
Ministry of Education of the Republic of China (Taiwan) in cooperation with National Taipei University of Technology in Taipei

OTHER SCIENTIFIC ACTIVITIES

Prof. L. Belinskaja –

  • member of European Qualifications Framework - Qualifications and Vocational Education and Training Development Centre of the Minister of Education and Science of Lithuania: Sectoral Professional Committee of Finance and Insurance, http://www.kpmpc.lt/kpmpc/?page_id=1274;
  • editorial board member of the Journal of International & Interdisciplinary Business Research;
  • scientific editorial council member of the Institute of Economics of Ivane Javakhishvili Tbilisi state University, http://ekonomisti.tsu.ge/?cat=TPhPgW&leng=eng;
  • study exchange visit under cooperation agreement with Wroclaw University of Economics (Uniwersytet Ekonomyczny w Wroclaw). Business Risk Management, Business in Emerging Economies Lectures and Seminars 2.3 Course Finance and Financial Management Specialization for Bachelors and 1st Specialization Master of Science in Finance.

Prof. A. Mačerinskienė –

  • member of the Professional Qualification Committee of Governmental State Department of Tourism under the Ministry of Economy;
  • member of Professional Committee for Trade Sector;
  • member of United Council of Čepkeliai – Dzūkijos PAN park;
  • member of Organizational Commitee of EuRun-BIS Symposium.

Assoc. Prof. T. Gudaitis –

Assoc. Prof. A. Ulbinaitė –

  • member of the Lithuanian Society of Young Researchers, www.ljms.lt;
  • conference co-chair of the International Conference on Business, Big-Data, and Decision Sciences (ICBBD 2017), Bangkok, Thailand, http://icbbd2017.globalconf.org;
  • conference co-chair of the International Conference on Education, Psychology, and Social Sciences (ICEPS 2017), Bangkok, Thailand, http://iceps2017.globalconf.org ;
  • international committee member of the International Conference on Engineering, Science, and Industrial Applications (ICESI 2017), Bangkok, Thailand, http://icesi2017.globalconf.org;
  • scientific committee member of the international conference Social Transformations in Contemporary Society (STICS 2017), Vilnius, Lithuania, http://stics.mruni.eu/;
  • editorial board member of the research journal Acta AVADA, http://acta.avada.lt/ .
  • short-term Research Award (STRA 2017) participant, 6 months, selected by Ministry of Education, Taiwan.

Assist. Dr. M. Morkūnas –

 

DEPARTMENT OF ECONOMIC INFORMATICS

Room 309, 9 Saulėtekio, 01222, Vilnius

Tel. 236 6139, fax 236 6127
E-mail: 

Head – Prof. Dr. Rimvydas Skyrius

STAFF

Professor: Dr. R. Skyrius.
Associate professors:  Dr. G. Giriūnienė (part-time), Dr. L. Zalieckaitė, Dr. R. Žilinskas.
Lecturers: Dr. K. Banevičius (part-time), R. Bartkevičius (part-time), Dr. A. Butkevičius (part–time), Dr. M. Kazimianec (part-time), Dr. I. Katin (part-time), Dr. J. Katina (part-time), J. Lankutis (part-time), S. Nemitko (part-time), A. Rykovė (part-time),  G. Rumšas (part-time), S. Šimkonis (part-time), A. Venčkauskaitė (part-time).
Assistants: D. Šeibakas (part-time), R. Grinkytė (part-time), E. Staišiūnienė (part-time).
Doctoral students: G. Rumšas, S. Nemitko, G. Kfouri.

RESEARCH INTERESTS

Analysis and design of business information infrastructure
Application of information and communication technologies in business and government structures
Information systems: problems of development and introduction
Research of complex information needs for business activities
Research of experience preservation in business analysis and decision-making
Research on issues of advanced informing for decision support and business intelligence
Research on advanced data mining methods and applications

RESEARCH PROJECTS CARRIED OUT IN 2017

Projects Supported by University Budget

Research on the Value Creation by Management Information and Business Intelligence Systems. Prof. R. Skyrius. 2016–2018.

The principal direction of the Department’s research efforts is concentrated on the key aspects of informing business users by development and implementation of management information systems (MIS) and business intelligence (BI) systems.

Several papers by the Department staff have been published in the research journals and proceedings of national and international conferences. A group of department’s researchers have prepared a chapter The Potential of Big Data in Banking for the collective monograph on Big Data “Guide to Big Data Applications”, edited by prof. S. Srinivasan of Texas Southern university, USA, and published by Springer.

Main publications:

Skyrius, R., Giriūnienė G., Katin, I., Kazimianec, I., Žilinskas, R. 2017. The potential of big data in banking. In: Guide to Big Data Applications, ed. by S. Srinivasan, Springer.

Saldžiūnas, K., Skyrius, R. 2017. The challenges of big data analytics in the mobile. Communications sector. Ekonomika. Mokslo darbai, vol. 96(2), p. 110–121.

Kfouri G., Skyrius R. 2017. Factors influencing the implementation of business intelligence among small and medium enterprises in Lebanon. Informacijos mokslai. Mokslo darbai, no. 76, p. 96–110.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Informing Science Institute (USA)
Ernst & Young Lietuva (Lithuania)
IT Summit (Lithuania)

COOPERATION

Vilnius Gediminas Technical University (Lithuania) 
Purdue University Calumet, Indiana (USA)
Texas Southern University (USA)
University of Minho (Portugal)
Informing Science Institute (USA)

OTHER SCIENTIFIC ACTIVITIES

Prof. R. Skyrius –

  • editorial board member of the journals Ekonomika (Economics) and Organizations and Markets;
  • member of the Commission on the Digital economy, ICC World Chambers.

 

DEPARTMENT OF ECONOMIC POLICY

Room 807, 9 Saulėtekio, 01222, Vilnius

Tel. 236 6129, fax. 236 6127

E-mail:

Head – Prof. Dr. Algirdas Miškinis

STAFF

Professors: Dr. B. Galinienė, Habil. Dr. B. Melnikas (part-time), Dr. A. Miškinis (part-time), Dr. R.A. Stanikūnas (part-time).
Associate professors:  Dr. N. Balčiūnas, Dr. B. Visokavičienė (untill September 2017), Dr. A. Laužadytė-Tutlienė, Dr. A. Astrauskas (part-time).
Lecturers:  Dr. V. Cohen, Dr. G. Dzemydaitė, Dr. B. Šidlauskaitė-Riazanova (part-time), Dr. Laima Urbšienė (part-time), Dr. J. Bumelytė (part-time), Dr. J. Droždz (part-time), S. Deveikis (part-time, untill September 2017), M. Švabovič (0,25),  T. Reichenbachas (part-time, untill September 2017).
Doctoral students: T. Reichenbachas, L. Girlevičienė, D. Karužaitė, V. Petrylė.

RESEARCH INTERESTS

Modernisation of the economy and public economic policy
Monetary policy and its impact to the real economy of state
Business valuation system in Lithuania in the context of transformations
Impact of international trade policy on economic development in Lithuania
Innovations and investments in the modernisation of economy
Competition policy in the EU and Lithuania

RESEARCH PROJECTS CARRIED OUT IN 2017

Projects Supported by University Budget

Effectiveness of Economic and Social Policy: Modernisation, Growth and Globalisation. Prof. A. Miškinis.

The case of the three Baltic States was selected. The case of Estonia revealed that if country exports more high technology and machinery products, it is supposed to be less influenced by external influences and more dependent on internal resources and capabilities.

The second topic of research aimed at assessing the fitness of a genetic algorithm approach in optimizing the investment portfolio. The research results showed that the genetic algorithm-based portfolio in 2013 reached a better risk-return ratio than the portfolio optimized by the deterministic and stochastic programing methods. Also, better outcomes were achieved in comparison with the OMX Baltic Market Index. As a result, the hypothesis of the superiority of a portfolio, optimized on the basis of a genetic algorithm, is not rejected. However, further research should include more trial periods as the current study examined a period of one year.

The third topic aims at investigation of fundamental determinants of housing prices which affect housing demand and supply. The results showed that inflation, interest rate and emigration are not causal determinants of housing prices, which mostly depend on GDP, unemployment, the means of macroprudential policy and the average housing prices in the previous period.

Contractual Research

Researchers of the department succeeded in the competition of the Research Council of Lithuania for activity The improvement of the qualification of researchers through the implementation of high level R&D projects.

Reaserch under the project New Approach to the Theory of Optimal Currency Area in Heterogenious European Union started at the end of 2017.

Researchers of the department also succeeded in the competition under Erasmus+ proposal: Higher Education-Capacity Building, 2017 - EAC/A03/2016 Joint Enterprise University Learning / JEUL (consorcium of 8 partner universities). The reaserch under the project started at the end of 2017.

The Preparation of Guidelines for the Improvement of Regional Development. The Project was financed by the Ministry of the Interior of Lithuania (order of the minister 2017-03-29 Nr. IV-232), 1st and 2nd half of 2017.  

Main publications:

Cohen, V., Karpavičiūtė L. 2017. The analysis of the determinants of housing prices. Intedepndent Journal of Management & Production (IJM&P), vol. 8, no. 1, p. 49–63.

Dzemydaitė, G. 2017. External influences for balance of trade in small and open economies. Journal of Applied Economic Sciences, nol. 12, No. 2(48), p. 402–412.

Urbšienė, L., Dubinskas, P. 2017. Investment portfolio optimization by applying a genetic-algorithm-based approach.  Ekonomika, vol. 96(2), p. 66–78.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

National Taras Shevchenko University of Kyiv (Ukraine)
Wroclaw University of Economics (Poland)
Siena University (Italy)
Bank of Lithuania
Council of Lithuanian Association of Property Valuers (Lithuania)

OTHER SCIENTIFIC ACTIVITIES

Prof. Dr. B. Galinienė –

  • member of editorial boards of journals Ekonomika (Economics); Strategic Property Management; Transformation in Business& Economics; Journal of Security and Sustainability Issues;
  • member of the Council of Lithuanian Association of Property Valuers.

Prof. Dr. A. Miškinis –

  • editor-in-chief of the journal Ekonomika (Economics);
  • editorial board member of the journal The Economics and Forecasting (Ukraine);
  • editorial board member of the journal European Integration Studies;
  • member ICC’s Trade and Investment Commission;
  • member of the European Higher Education Society;
  • president of Lithuanian Association of Economists;
  • member of the board of World Economic Association;
  • chairman of the PhD committee in Economics at the Faculty of Economics, Vilnius University.

Lect. G.  Dzemydaitė –

  • member of the Baltic Section of the ERSA (European Regional Science Association).

Prof. Dr. R. Stanikūnas –

  • scientific board  member of the Yearbook of Antitrust and Regulatory Studies, University of Warsaw.

Assoc. Prof. Dr. V. Cohen –

  • editorial board member of the Independent Journal of Management and Production (IJM&P).

 

DEPARTMENT OF FINANCE

9 Saulėtekio, 01222, Vilnius

Tel. 236 6142, fax 236 6142

E-mail:

Head – Prof. Dr. Arvydas Paškevičius

STAFF 

Professors: Habil Dr. R. Kanapickienė, Dr. A. Paškevičius.
Assoc. Prof.: Dr. E. Bikas, Dr. D. Teresienė (part-time), Dr. Alg. Laurinavičius (part-time), Dr. Ant. Laurinavičius (part-time).
Assistants: Dr. G. Keliuotytė-Staniulėnienė, Dr. I. Astrauskaitė (part-time), Dr. J. Niaura (part-time), Dr. J. Staroselskaja (part-time), Dr. D. Saikevičius (part-time).
Lecturers: Dr. D. Kuzmickas (part-time), N. Činčikas, B. Povilaitis, G. Bagotyrius (part-time), D. Vaitulevičienė (part-time).
Doctoral students: K. Kupčinskas, S. Vidzbelytė, L. Jurkšas, Viktorija Dičpinigaitienė, S. Mitkus.

RESEARCH INTERESTS

The relationship between macro economy and asset prices
The sustainable financial markets
Key factors of non-performing loans in Baltic and Scandinavian countries
Impact of tax relief on public finance
The Impact of the ECB’s Quantitative Easing on Economic Indicators and Government Securities Market
The modern theoretical approach and solution of the problems of emigration

RESEARCH PROJECTS CARRIED OUT IN 2017

Projects Supported by University Budget

The Development of the EU’s Single Capital Market and Financial Technologies (Fintech) and their Influence on the Lithuanian Financial Sector. Prof. A. Paškevičius. 2017–2022.

The research results cover fields presented in the following articles:
The relationship between macroeconomy and asset prices: long run causality evidence from Lithuania;
Towards sustainable financial markets: impact of structured securities on portfolio management;
Key factors of non-performing loans in Baltic and Scandinavian countries: lessons learned in the last decade;
Impact of tax relief on public finance;
The Impact of the ECB’s Quantitative Easing on Economic Indicators and Government Securities Market;
Effective strategies: modern theoretical approach and solution of the problems of emigration;
The social economic development strategies: creation of a strong state and modern economy.

Main publications:

Jurkšas, L., Paškevičius, A. 2017. The relationship between macroeconomy and asset prices: long-run causality evidence from Lithuania. Organizations and Markets in Emerging Economies, vol. 8, no. 1(15), p. 63–85.

Kupčinskas, K., Paškevičius, A. 2017. Key factors of non-performing loans in Baltic and Scandinavian countries: lessons learned in the last decade. Ekonomika (Economics), vol. 96, nr. 2, p. 43–55; doi: 10.15388/Ekon.2017.2.10994.

Smilga, E., Laurinavičius, Ant., Laurinavičius, Alg. 2017. Efektyvios strategijos: modernus teorinis požiūris ir emigracijos problemų sprendimas (Effective strategies: modern theoretical approach and solution of emigration problems).  Viešasis administravimas (Public Administration), nr. 3–4. p. 22-33.

Laurinavičius, Ant., Laurinavičius, Alg. 2017. Emigration: a price of inequality or a breach of social contract? Contemporary Issues in Business, Management and Education '2017, 9 p.                    

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Ministry of Finance (Lithuania)
Bank of Lithuania
Vilnius Gediminas Technical University (Lithuania)
Lviv Institute of the State Higher Educational Institution Banking University (Ukraine)

 

DEPARTMENT OF MANAGEMENT

Room 706, 9 Saulėtekio, 01222, Vilnius

Tel. 236 6134, fax. 236 6127 
E-mail: 

Head – Prof. Dr. Danuta Diskiene

STAFF

Professors: Dr. D. Diskienė, Dr. G. Drūteikienė, Dr. J. Ruževičius, Dr. D. Serafinas, Habil. Dr. A. Marčinskas.
Associate professors: Dr. R. Adomaitienė,  Dr. R. Česynienė, Dr. R. Lukoševičius, Dr. A. Stankevičienė, Dr. V. Tamaševičius, Dr. A.Liepuonius (part-time), R.Korsakienė (part-time).
Assistants: Dr. Ž. Grakauskas (part-time), Dr. G.Binkauskas.
Junior assistants: D. Ruželė, N. Jurgaitytė. J. Šarupičiūtė.
Lecturer:  D. Klimas (part-time).
Doctoral students: N. Jurgaitytė, D. Ruželė, A. Šaltis, D. Budrienė, J. Šarupičiūtė,
V. Andrejauskienė, E. Afarjanc, V. Jaškevičiūtė.

RESEARCH INTERESTS

Business management and administration
Leaders’ managerial potential
Human resource management activities
Audit of corporate management
Improvement of methodology for quality assessment of business and education performance
Quality management and social responsibility 

RESEARCH PROJECTS CARRIED OUT IN 2017

Research Projects Supported by University Budget

Growth of Companies’s Competitiveness through Development of Human Resource Management (HRM) Activities.  Prof. D. Diskienė. 2016–2020.

The main aim of the research in 2017 was to carry out analysis of the HRM departments’ potential and to reveal significant problematic aspects of human resource management (HRM) departments’ activitiesto extend the field of research on HRM activities through comparative analysis with foreign partners (in Poland). Research results allowed revealing the potential of HRM departments, their strengths and weaknesses seeking growth of corporate competitiveness.

The Study of Quality Management Methods and Tools Application for the Improvement of Effectiveness of Organizations’ Performance. Prof. J. Ruževičius. 2016–2020.

The purpose of this research was to develop quality management theory and methodology striving for the growth of the competitiveness of Lithuanian economy, improving the effectiveness of the performance of private and public organizations and quality of public life.

Main publications:

Stankevičienė, A., Diskienė, D., Tamaševičius, V., Korsakienė, R. 2017. Attitudes of managers towards the role of HR departments in organizational performance: evidence from Lithuania. Transformations in Business & Economics, vol. 16, no. 3(42), p. 258–275.

Ruževičius, J., Valiukaitė, J.  2017. Quality of life and quality of work life balance: case study of public and private sectors of Lithuania. Quality: Access to Success, vol. 18, no. 157, p. 76–81.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Klaipėda University (Lithuania)
Wroclaw University of Economics (Poland)
Lund University (Sweden)
Bucharest University of Economics (Romania)
QMS Italia S.R.L, Napoli (Italy)
Lithuanian Association for Quality Management and Innovations (Lithuania)
Belarus State Economic University (Belarus)

OTHER SCIENTIFIC ACTIVITIES

Prof. D. Diskienė –

Prof. G. Drūteikienė –

Prof. J. Ruževičius –

Prof. D. Serafinas –      

 

DEPARTMENT OF MARKETING

Room 817, 9 Saulėtekio, 01222, Vilnius

Tel. 236 6146, fax. 236 6148,

E-mail:

Head – Prof. Dr. S. Urbonavičius

STAFF

Professors: Dr. S. Urbonavičius, Dr. V. Dikčius.
Associate professors: Dr. A. Jonkus, Dr. E. Šeimienė, Dr. M. Degutis, Dr. A. Gaižutis, Dr. J. Gineikienė, Dr. R. Časas, Dr. I. Pikturnienė.
Research fellows: Dr. T. Palaima, Dr. K. Adomavičiūtė, Dr. J. Reardon.
Assistants: Dr. K. Adomavičiūtė, R. Paulienė.
Junior assistants: I. Radavičienė, V. Kaduškevičiūtė, S. Kiršė, I. Zimaitis.
Lecturer: Dr. M. Kavaliauskė.
Doctoral students:  R. Andrulienė, J. Filimon, I. Radavičienė, I. Zimaitis.

RESEARCH INTERESTS

Consumer perceptions and consumer behaviour in transition economies
Child influence in consumer decision-making
Specifics of marketing management and consumer behaviour in transition economies
Marketing of forestry and timber industry products
Green marketing and green consumer behaviour

RESEARCH PROJECTS CARRIED OUT IN 2017

Project Supported by University Budget

Consumer Behaviour Tendencies in a Dynamic Environment. Prof. Dr. S. Urbonavičius. 2015–2019.

Continuing the research topic Consumer Behaviour Tendencies in a Dynamic Environment, the researchers of the department presented the findings at conferences and in journal publications.

National Research Project

Financed by Lithuanian Research Council: The Impact of Teenager to Parents Decision to Buy Innovative from Consumers Perspective Products (MIP-017/2015). 2015–2017.

The research project concentrates on studying increasing adolescents impact on parents’ purchase decisions, especially, when buying innovative products. The goal of the project is to determine adolescent’s impact on parents’ decision to purchase innovative goods, and to draw the typology of innovative goods (from the consumer perspective) depending on the adolescent’s impact on parents’ purchase decisions.

Main publications:

Dikcius, V., Pikturniene, I., Reardon, J. 2017. Typology of measures of children engagement in parental purchase decisions. Young Consumers, vol. 18 (2), p. 141–158; doi: 10.1108/YC-11-2016-00647.

Dikcius, V., Pikturniene, I., Pakalniskiene, V., Seimiene, E., Kavaliauske, M., Katkuvienė, K., Reardon, J. 2017. The impact of parents’ technology readiness and their susceptibility to interpersonal influence on adolescents’ participation in parental decision making to purchase technological products. Marketinh i menedzhment innovatsii (Marketing and Management of Innovations), vol. 3, p. 126–134, doi: 10.21272/mmi.2017.3-12.

Urbonavičius, S., Palaima, T., Radavičienė, I., Cherian, J. 2017. Push and pull factors of senior travelers: the lingering influence of past restrictions. Market-Tržište, vol. 29, no. 1, p. 93–108; doi: 10.22598/mt/2017.29.1.93.

Gineikiene, J., Kiudyte, J., Degutis, M. 2017. Functional, organic or conventional? Food choices of health conscious and skeptical consumers. Baltic Journal of Management, vol. 12.2, p. 139–152.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

University of Zagreb (Croatia)
Cracow University of Economics (Poland)
Kaunas University of Technology (Lithuania)
Monfort College of Business, University of Northern Colorado (US)
School of Business of Nipissing University (Canada)

OTHER SCIENTIFIC ACTIVITIES

Prof. S. Urbonavičius –

Prof. V. Dikčius –

  • expert of the Research Council of Lithuania;
  • member of European Marketing Academy (EMAC);
  • member of Doctoral committee of VU Faculty of Economics;
  • deputy member of MITA (Science, Innovation and Technology Agency) in area of Social Sciences, an expert of Lithuanian Academy of Science.

Assoc. Prof. A. Gaižutis –

  • member of Lithuanian Marketing Association;
  • coordinator of national support group of Lithuania for Forest-Based Sector Technological Platform in EU, http://www.forestplatform.org/index.php?mid=89;
  • coordinator of national technology platform of Lithuania for Forest-Based Sector, www.ntplatformos.lt;
  • member of working group, CEPF- Conféderation Européenne des Propriétaires Forestiers, www.cepf-eu.org;
  • member of the Board, vice-president, ELO- European Landowners Organisation, http://www.europeanlandowners.org/;
  • expert of EU Civil dialogue group on forestry and cork, the Directorate-General for Agriculture and Rural Development, https://ec.europa.eu/agriculture/civil-dialogue-groups/forestry-cork_en;
  • expert of the Centre for Quality Assessement in Higher Education of Lithuania (SKVC);
  • member of joint committee on private forestry development issues, established by the Minister of Environment;
  • member of Advisory Council on Forestry under Ministry of Environment, established by the Minister of Environment, www.am.lt;
  • chairman of the Forest Owners Association of Lithuania, www.forest.lt;
  • editor of web portal lietuvosmiskai.lt, www.lietuvosmiskai.lt;
  • member of Council of Lithuanian Chamber of Agriculture, www.zur.lt;
  • chairman of organization committee of annual conference Miškas-žmogui, žmogus-miškui.

Dr. M. Degutis –

  • national editor of Eurobarometer Report (European Commission);
  • member of ESOMAR (European Society for Opinion and Marketing Research).

Dr. J. Gineikienė –

  • member of the Board of Lithuanian Communication Agencies Association;
  • member of Lithuanian Public Relations Professionals Association;
  • member of Academy of Marketing Science and EMAC.

Dr. E. Šeimienė –

  • member of Lithuanian Marketing Association (LiMA).

Dr. R. Paulienė –

  • senior member of the World Academy of Business, Marketing and Management Development.

Dr. T. Palaima –

  • member of the Society for Studies in Organising Healthcare.

Dr. M. Kavaliauskė –

  • member of Lithuanian Society of Young Researchers;
  • member of Lithuanian Biotech Association.

I. Radavičienė -

  • member of Lithuanian Marketing Association (LiMA);
  • president of Young Leaders Club ”Move up”.

 

DEPARTMENT OF QUANTITATIVE METHODS AND MODELING

Room 811, 9 Saulėtekio, 01222, Vilnius

Tel. 236 6277, fax. 236 6127
E-mail

Head – Prof. Dr. Linas Čekanavičius

STAFF

Professors: Dr. L. Čekanavičius, Dr. G. Kasnauskienė, Dr. J. Martinavičius (part-time), Dr. T. Medaiskis.
Associate professors:  Dr. T. Baležentis (part-time), Dr. A.Bartkus, Dr. V. Karpuškienė, Dr. V. Kėdaitis, Dr. R. Valkauskas.
Lecturers: Dr. D. Kulikauskas (part-time), Dr. Š. Eirošius (part-time), K. Zitikytė (part-time),
Junior assistant: V. Petrylė (part-time).
Doctoral students: J. Karmelavičius, K. Kirilauskaitė, K. Michnevič, R. Rubčinskaitė, K. Zitikytė.

RESEARCH INTERESTS

National accounting and methodology of statistics
Econometric modeling and analysis of macroeconomic processes
Economics of migration
Environmental economics and policy
Development of social security systems
Economic development in the Baltic region

RESEARCH PROJECTS CARRIED OUT IN 2017

Projects Supported by University Budget

Analysis and Modelling of Socio-Economic Alterations under Globalization. Prof. L. Čekanavičius.

Specific targeted topics in 2017 included assessment of the impact of minimum wage on the Lithuanian labour market, as well as the impact of taxes on the consumption of income ratio, economic implications of ageing Lithuanian population,  contribution of increased life expectancy to economic growth, evaluation of second pillar pension funds’ investment strategies, the role of economic activities clusters in gross value added generation in the Baltic States, assessment of the user cost of housing in the Baltic states, and others.   

Main publications:

Kasnauskiene G., Andriuskaite M. 2017. Economic implications of ageing Lithuanian population. Organizations and Markets in Emerging Economies, vol. 8, no. 1(15), p. 44–62.

Kasnauskienė, G., Michnevič, K. 2017. Contribution of increased life expectancy to economic growth: evidence from CEE countries. International Journal of Economic Sciences, vol. 6(2), p. 82–99.

Kulikauskas, D. 2017. The user cost of housing in the Baltic States. Journal of European Real Estate Research, Nr. 10(1), p.17–34; doi.org/10.1108/JERER-11-2015-0042.

National Research Projects

Research Council of Lithuania. Modelling of Participation Strategy in the Second Pillar Pensions System. (Project No. MIP-012/2015). Project coordinator: Vilnius University. 2015–2018. Project leader - Prof. T. Medaiskis.                        

Research Council of Lithuania. Challenges to Welfare State Systems in Lithuania and Sweden. (Project No. S-MIP-17-130). Project coordinat: Lithuanian Social Research Center. 2017–2019. Prof. T. Medaiskis.

COOPERATION

Department of Statistics (Lithuania)
Bank of Lithuania
Lithuanian Social Research Centre
University of Ghent (Belgium)

OTHER SCIENTIFIC ACTIVITIES

Prof. L. Čekanavičius –

  • editorial board member of the journal Panoeconomicus (listed in ISI WoS);
  • editorial board member of the journal Transformations in Business and Economics (listed in ISI WoS);
  • member of the Macroprudency Working Group at the Ministry of Finance, Lithuania.                       

Prof. G. Kasnauskienė –

  • member of the international advisory boards of Beder Journal of Educational Sciences (BJES) (Albania); Ekonomisti, Ivane Javakhishvili Tbilisi State University, Paata Gugushvili Institute of Economics (Georgia); Journal International Humanities Studies (Palestine);
  • editorial board member of the Proceedings and the journal Croatian Review of Economic, Business and Social Statistics – CREBSS, Croatia.

Prof. J. Martinavičius –

  • member of the European Association for Institutional Research, the European Higher Education Society.

 

DEPARTMENT OF THEORETICAL ECONOMICS

Room 510, 9 Saulėtekio, 01222, Vilnius

Tel. 236 6147, fax. 236 6127
E-mail

Head - Prof. Dr.  Romas Lazutka

STAFF

Professors: Dr. V. Giedraitis, Dr. P. Gylys, Dr.  R. Lazutka

Associate professors: Dr. V. Gavelis, Dr. D. Klimašauskienė, Dr. R. Paliulytė, Dr. A. Rastenienė, Dr. E. Ulvidienė.
Lecturer:  N. Ramanauskė.
Doctoral students: N. Černiauskas, J. Mundeikis.

RESEARCH INTERESTS

Stabilization policy in global economic conditions
Innovation in the context of the global economic core-periphery hierarchy
Competition and anti-trust policy
Distribution of income
Economics of the welfare state
Competitive economic growth and social consequences

RESEARCH PROJECTS CARRIED OUT IN 2017

Projects Supported by University Budget

Competitive growth and social consequences. Prof. R. Lazutka . 2016–2020.

Market competition restricting factors, anti-trust policy, economic growth and distribution of its results in the society, economic aspects of social and health policy. EU economic integration benefits and challenges for competition policy, entrepreneurial impact on the economic development, forms of employment in global economic conditions.

Main publications:

Jorgenson, A. K., Longhofer, W., Grant, D., Sie, A., Giedraitis, V. 2017. The effects of economic and political integration on power plants’ carbon emissions in the post-soviet transition nations. Environmental Research Letters, vol. 12, no 4, art. no. 044009, p. 1–10.

Giedraitis, V., Rahman, M., Rahman, H., Parveen, S. S. 2017. Health seeking behavior and healthcare access to married women in Bangladesh: encouraging and discouraging factors. South Asian Journal of Participative Development, vol. 16 (2).

Giedraitis, V., Hateem, A. K., Adomaitiene, R. 2017. The influence of neuro-linguistic programming (NLP) awareness and practices on the individual work performance of Lithuanian students. European Journal of Business and Social Sciences, vol. 5 (9), p. 49–66.                                              

Gylys, P. 2017. On the irrelevance of methodological individualism. Ekonomika (Economics), vol. 96, nr. 1, p. 7-24.                                                                                                                  

National Research Projects

Research Council of Lithuania: Factors of Income Redistribution in the Baltic States: Work, Capital, Welfare State (GER-007/2015). 2015–2017. Prof. R. Lazutka (principal researcher), Assoc. Prof. E. Dunajevas, Dr. J. Navickė, Assoc. Prof. D. Skučienė (participants).

This research project on income distribution in the Baltics is carried out by a group of researchers at Vilnius University. We aim at revealing the relationship between economic growth and income formation, its sources and differentiation, institutional effect on personal income and subjective valuation of inequality. The analysis covers the gap between functional distribution of income at the state level and household income at the microlevel.

Main publications:

Razgūnė, A., Lazutka, R. 2017. Labor share in national income: implications in the Baltic countries. Review of Economic Perspectives, vol. 17, no. 2, p. 121–139.

Navickė, J. & Lazutka, R. Distributional implications of the economic development in the Baltics: reconciling micro and macro perspectives. Soc Indic Res; doi: 10.1007/s11205-017-1645-x

Research Council of Lithuania: Social Context of Corruption: An Analysis of Macro-, Mezzo-, and Micro- Factors. (No. MIP-005/2015). Dr. V. Giedraitis (participant).

Contractual Research

European Social Policy Network - Lithuanian expert, European Commission DG Employment and Social Affairs. European Commission. 2014–2017.

A Network of Independent Experts assists the European Commission in monitoring and evaluating the situation with regard to social protection, poverty and social exclusion and the policies that are relevant in this respect in the Member States and Accession countries. The Network Core Team produces synthesis reports, bringing together the main results of the analysis across countries.                    

Research report

Lazutka R., Poviliūnas A., Žalimienė L. 2017. Lithuania to tackle deficiencies in the policy on the protection of children’s rights and child welfare. ESPN Flash Report 2017/26. Brussels: European Commission, 2 p.              

Lazutka, R., Poviliūnas, A., Žalimienė, L. 2017. ESPN Thematic Report on access to social protection of people working as self-employed or on non-standard contracts: Lithuania. Brussels: European Commission, 30 p.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS

Institute for Social & Economic Research (University of Essex) (UK) (https://www.iser.essex.ac.uk/euromod/resources-for-euromod-users/country-reports)
Lithuanian Centre for Social Research (http://www.lstc.lt/index.php )
Lithuanian Ministry of Social Security and Labour (http://www.socmin.lt/index.php?-2063405871 )

OTHER SCIENTIFIC ACTIVITIES

Prof. R. Lazutka –

Dr. R. Rastenienė –

  • deputy editor-in-chief of the journal Ekonomika (Economics).

Dr. V. Giedraitis –

  • managing editor of the journal Ekonomika (Economics).