Faculty of Economics and Business Administration

Faculty of Economics and Business Administration

Sukurta: 07 June 2020

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9 Saulėtekio ave., building II, LT-10222 Vilnius
Tel. 236 6126
E-mail:

Dean – Prof. Dr. Aida Mačerinskienė

 

 

STAFF

100 teachers (incl. 69 holding research degree), 25 research fellows (incl. 20 holding research degree), 36 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 Modelling
Department of Theoretical Economics
Centre for Excellence in Finance and Economic Research

RESEARCH AREAS

Analysis, Modelling and Management of Social and Economic Development in Lithuania

DOCTORAL DISSERTATIONS MAINTAINED IN 2019

E. Afarjanc. The model of factors influencing the quality of e-service improvement process.
R. Broniukaitis. Manifestation of organizational intellectual capital in the strategic decision-making process.
L. Jurkšas. The assessment of factors shaping liquidity in Euro area sovereign bond markets.
Y. Liu. Impact of push and pull motivations on outbound tourists’ intentions to visit sustainable tourism destinations.
S. Nemitko. The factors of satisfaction of business intelligence information needs.
R. Rubčinskaitė. The impact of clusters’ on economy and innovation in the Baltic States.
G. Rumšas. Strategic information systems. Planning factors creating value for organizations.

MAIN CONFERENCES ORGANIZED IN 2019

25th International Panel Data Conference, July 4–5, 2019, Vilnius, Lithuania (together with The Bank of Lithuania)
The Winter Meeting of the Annual Lithuanian Conference on Economic Research, December 27, 2019 (together with The Bank of Lithuania)

MAIN SCIENTIFIC ACHIEVEMENTS IN 2019

Dikčius, V., Pikturnienė, I., Pakalniškienė, V., Reardon, J., & Šeimienė, E. Adolescents’ engagement in parental purchase decisions for durable goods: scale development and validation. Journal of Customer Behaviour. 2019, 35–60.

Klimavičiūtė, J., Pestieau, P., & Schoenmaeckers, J. Family altruism and long-term care insurance. The Geneva Papers on Risk and Insurance: Issues and Practice. 2019, 44(2): 216–230.

Urbonavičius, S., Adomavičiūtė, K., Urbutytė, I., & Cherian, J. (). Donation to charity and purchase of cause-related products: the influence of existential guilt and experience. Journal of Consumer Behaviour. 2019, 18(2): 89–96.

 

DEPARTMENT OF ACCOUNTING AND AUDITING

9 Saulėtekio ave., building II, LT-10222 Vilnius
Tel. 236 6153
E-mail:

Head – Prof. Dr. Rasa Subačienė

STAFF

Professors: Habil. Dr. V. Lakis, Dr. L. Gaižauskas, Dr. R. Subačienė.
Associate professors: Dr. K. Senkus, Dr. D. Tamulevičienė.
Assistants: Dr. I. Kamarauskienė, Dr. D. Vaicekauskas, Dr. G. Jurkonienė (Venckevičiūtė), Dr. R. Budrionytė.
J. assistants: D. Raziūnienė, V. Savickas, A. Masiulevičius.
Doctoral students: D. Raziūnienė, A. Masiulevičius, A. Šalienė, D. Bachtijeva.

RESEARCH INTERESTS

Evaluation of the status and trends of development of the financial accounting system
Analysis of different types of activities and improvement of financial analysis tools
Evaluation of the development of management accounting, new approaches and prospects
Investigation of audit methodology, procedure, quality

RESEARCH PROJECTS CARRIED OUT IN 2019

Projects Supported by University Budget

Researches on the Problems of Formation of Accounting System and Evaluation of Efficiency of Audit System. Prof. Dr. R. Subačienė. 2017–2020.

Research on the factors of the effectiveness of the audit system - the concept of materiality of financial audit and the problematic of professional scepticism in the auditor’s decision-making process, questions of professional development of the auditor were conducted, as well as research on the model of controlling system oriented toward increase of a company’s value for medium-sized Lithuanian entities, cost accounting and issues of regulation influence on financial condition of entities.

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

National Audit Office of Lithuania (Lithuania)
Lithuanian Chamber of Auditors (Lithuania)
Wroclaw University of Economics (Poland)
University of Latvia (Latvia)
Rezekne Academy of Technologies (Latvia)

OTHER RESEARCH ACTIVITIES

Prof. V. Lakis –

  • deputy editor-in-Chief of the journal Transformation in Business & Economics;
  • editorial board member of the journal Ekonomika (Economics);
  • editorial board member of the journal Organization and Markets;
  • editorial board member of the journal Finanse (Finance), Poland;
  • editorial board member of the journal Przedsiębiorstwo&Finanse (Business & Finance), Poland;
  • editorial board member of the journal Apskaitos ir finansų mokslas ir studijos: problemos ir perspektyvos (Science and Studies of Accounting and Finance Problems and Perspectives).

Prof. R. Subačienė –

Assoc. Prof. D. Tamulevičienė –

Assist. Dr. R. Budrionytė –

  • member of Business Accounting Standards Committee under the Ministry of Finance of Lithuania;
  • member of Commission of the Experts and Assessors of the Auditors’ Qualification Examinations at The Lithuanian Chamber of Auditors.

Assist. Dr. 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.

J. Assist. D. Raziūnienė –

  • member of Lithuanian Association of Internal Auditors;
  • member of the Institute of Internal Auditor, USA.

Lect. 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.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Subačienė, R. The evaluation of the impact of state support and corporate income tax exemptions on the financial condition of social enterprises. New Challenges of Economic and Business Development - 2019. Incentives for Sustainable Economic Growth. May 16–18, 2019. University of Latvia, Riga.
  • Tamulevičienė, D. Evaluation of the position of the subject of controlling in medium-sized companies. New Challenges of Economic and Business Development - 2019. Incentives for Sustainable Economic Growth. May 16–18, 2019. University of Latvia, Riga.

MOST IMPORTANT NATIONAL AND INTERNATIONAL AWARDS RECEIVED FOR R&D ACTIVITIES

  • Tamulevičienė D. Young Scientists’ Grant for 2019–2020 of the Lithuanian Academy of Sciences for the research Analysis of Costing Problems in Lithuanian Enterprises and their Solutions/

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

Publications in the professional weekly newspaper Accounting, Auditing and Tax Issues.

 

DEPARTMENT OF ECONOMIC INFORMATICS

9 Saulėtekio ave., building II, LT-10222 Vilnius
Tel. 236 6139
E-mail:

Head – Prof. Dr. Rimvydas Skyrius

STAFF

Professor: Dr. R. Skyrius.
Associate professors: Dr. G. Giriūnienė (part-time), Dr. M. Krutinis, A. Simanaitis (partnership associate prof.). 
Lecturers: Dr. K. Banevičius (part-time), Dr. M. Kazimianec (part-time), Dr. T. Petkus (part-time), R. Bartkevičius (part-time), J. Lankutis (part-time), S. Nemitko (part-time), A. Rykovė (part-time), G. Rumšas (part-time), E. Matulyte (part-time), T. Makčinskas (part-time), A. Gavrilov (part-time).
Assistants: D. Šeibakas (part-time), R. Grinkytė (part-time), E. Staišiūnienė (part-time).
Doctoral students: G. Rumšas, S. Nemitko.

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 adoption
Research of complex information needs for business activities
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 2019

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. A special interest for the last several years is given to the area of complex information needs, encompassing business intelligence, analytics, insight development and decision support. A PhD dissertation has been defended in September 2019 by PhD student Svetlana Nemitko, with more potential PhD students contacting the department and offering potential research input on the above group of topics). The principal focal point of this direction is the key factors of value creation by providing advanced informing functions of business intelligence and analytics. Active research is performed in the areas of strategic planning and perceived value of information systems (a doctoral dissertation has been defended in September 2019 by Gediminas Rumšas).

Main publications:

Several papers by the Department staff were published in the research journals and proceedings of national and international conferences. A group of department’s researchers were 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.

Skyrius, R., Martinavičius, J., Rumšas, G. The relation of teaching delivery to key features of student satisfaction. EDULEARN 2019, 11th International Conference on Education and New Learning Technologies. July 1–3, 2019, Palma de Mallorca (Spain).

Giriūnienė, G., Giriūnas, L., Morkūnas, M., Bručaitė, L. A. Comparison on leading methodologies for bankruptcy prediction: the case of the construction sector in Lithuania. Economies. 2019, vol. 7(3), 82: 1–20. doi: 10.3390/economies7030082.

Morkūnas, M., Černius, G., Giriūnienė, G. Assessing business risks of natural gas trading companies: evidence from GET Baltic. Energies. 2019, vol. 12(14), 2647: 1–14.

Giriūnienė, G., Černius, G., Giriūnas, L., Jakunskienė, E. Research on the relation between conceptions of the state’s economic and financial security: theoretical aspect. Journal of Security and Sustainability Issues. 2019, 8(4): 609–616.

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

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

OTHER RESEARCH 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.

MOST IMPORTANT NATIONAL AND INTERNATIONAL AWARDS RECEIVED FOR R&D ACTIVITIES

  • Professor R. Skyrius - member of the Working group “Industry 4.0” at the Ministry of Economy of Lithuania.

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES

  • Prof. R. Skyrius, Assoc. prof. G. Giriūnienė - The development of constant analysis model for the Lithuanian Chamber of Judicial Officers.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

  • Prof. R. Skyrius – an invited presentation at the conference for top business managers Lūžio taškas 2019 (Break-even point 2019), Palanga, Lithuania, September 2019.

 

DEPARTMENT OF ECONOMIC POLICY

9 Sauletėkio ave., building II, LT-10222 Vilnius
Tel. 236 6131
E-mail:

Head – Assoc. Prof. Dr. Giedrė Dzemydaitė

STAFF

Professors: Dr. A. Miškinis, Dr. R. A. Stanikūnas (part-time), Habil. Dr. B. Melnikas (part-time, until September 2019).
Associate professors: Dr. A. Laužadytė-Tutlienė, Dr. V. Cohen, Dr. G. Dzemydaitė, Dr. L. Urbšienė, Dr. A. Astrauskas (part-time, until September 2019), Dr. N. Balčiūnas (until September 2019), Dr. J. Droždz (part-time).
Assistant professors: Dr. A. Burinskas, Dr. J. Bumelytė (part-time).
Lecturers: Dr. B. Šidlauskaitė-Riazanova (part-time), O. M. Vyšniauskaitė (part-time).
Doctoral students: K. Bielskis, Ž. Baranauskas, R. Sakalauskaitė, L. Girlevičienė, D. Janauskienė, V. Petrylė.

RESEARCH INTERESTS

Modernisation of the economy and public economic policy
Innovations and investments in the modernisation of economy
Impact of international trade policy on economic development in Lithuania
Regional specialization, economic development and policy
Synchronisation of business cycles in EU
Competition policy in the EU and Lithuania
Property and business valuation in Lithuania in the context of transformations

RESEARCH PROJECTS CARRIED OUT IN 2019

Projects Supported by University Budget

Effectiveness of Economic and Social Policy: Modernisation, Growth and Globalisation. Prof. A. Miškinis. 2018–2019.

First research analysed health care institutions in Lithuania, the qualitative and quantitative indicators of health care at the municipal level. The aim of the study was to evaluate the administrative units of different territories and, from the medical level perspective, identify the best performing and most lagging municipalities. Huge differences between the territories were found after examining abundant statistical information and taking into account the analysis of the data of all the statistic residents of the Territorial Health Insurance Funds (THIF) and those registered at the outpatient primary personal health care institutions (OPPHCI).
One more study incorporated an interdisciplinary approach by applying data science for identifying regional economic development problems and policy issues. Data science by combining various aspects of computer science, statistics, applied mathematics, and visualization allow to analyse huge amounts of data and to extract knowledge. Visualization methods based both on dimensionality reduction and on artificial neural networks were applied in the study to the visual efficiency analysis of regional economic development to evaluate how regional resources were reflected in the economic results in the EU NUTS2 regions.
Another study analysed risks of violating ecological limits set by the European Commission. The study analysed the potential impact of the seed treatment with thiamethoxam and clothianidin on the normally developed bee colonies. The obtained findings suggested that when sowing neonicotinoid-treated winter and spring rapeseed in a dry soil, the concentrations of neonicotinoids in the dust released during the sowing operation were three times as high as the maximum permitted limit set by the European Committee.

Main publications:

Breimerytė, V., Kėdaitis, V., Miškinis, A., Trainavičius, K. (2019). Evaluating the state of health care institutions: the case of Lithuanian municipalities. Ekonomika. 2019, vol. 98(1): 60–80.

Dzemyda, G., Kurasova, O., Medvedev, V., Dzemydaitė, G. Visualization of data: methods, software, and applications. In: Singh, V., Gao, D., Fischer, A. (Eds) Advances in Mathematical Methods and High Performance Computing. 2019, vol. 41: 295–307. doi: https://doi.org/10.1007/978-3-030-02487-1.

Zemeckis, R., Dautartė, A., Kretavičius, J., Droždz, J. Effects of winter and spring rape seed treatment with neonicotinoids on bees. Zemdirbyste-Agriculture. 2019, vol. 106(2): 173–182. doi: 10.13080/z-a.2019.106.023.

International Research Projects

Project: Reassessment of the Optimum Currency Area in the Persistently Heterogeneous European Union (Euro4Europe). Project funded by the European Social Fund. Dr. S. Kapounek. 2018–2022.

The project aims at reassessing the evolution of business cycle synchronization in Europe from an encompassing point of view. It will analyse the evolution of business cycles at different levels of territorial disaggregation (national and regional), using a wide range of different univariate and multivariate econometric methods for measuring business cycle synchronization. Furthermore, it will use recently developed methods of causal inference to identify the effects of various integration steps and economic developments. In particular, the project will first assess the statistical properties and reliability of several concepts of business cycle synchronization.

Joint Enterprise and University learning (JEUL). Project is financed by Erasmus+Capacity Building in Higher Education. Project coordinator – Siena University (Italy). Partners from 8 universities involved. 2018–2021.

The aim of this project is to establish and develop cooperation among HEI and private sector, to influence the way universities work and enable them to learn from the entrepreneurial nature of companies, develop and use case studies based on the experience of companies. The main deliverables of JEUL project are: a) establishing links between HEI and industry; b) developing and utilising case studies, embedding such teaching methodology in partner countries universities; c) identify skills and knowledge shortages and embed the required skills in the curricula; d) develop two undergraduate modules on the enterprise pathway and a suitable VLE delivery mode.

Creativity and Innovation Management in Higher Education (CIM). The Erasmus+ Knowledge Alliance. Leading partner - The University of Duisburg-Essen.

The project aims at developing innovative teaching and learning approaches to include Creativity and Innovation Management in higher education (HE) and in practice. The CIM consortium is conducting a thorough stocktaking phase to set up a competence framework. This Project is based on a network of 15 organisations from nine countries working together in a consortium of Higher Education Institutes, Business Organisations and SMEs. CIM aims to develop a new teaching and learning approach for Creativity and Innovation Management in 15 European countries.

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

Siena University (Italy)
National Taras Shevchenko University of Kyiv (Ukraine)
Wroclaw University of Economics (Poland)
Mendel University in Brno (Czech Republic)
Bank of Lithuania (Lithuania)
Lithuanian Council of Culture (Lithuania)

OTHER RESEARCH ACTIVITIES

Prof. Dr. A. Miškinis –

  • editor-in-Chief of the journal Ekonomika (Economics);
  • editorial board member of the journal The Economics and Forecasting (Institute of Economics and Forecasting of National Academy of Sciences of Ukraine);
  • editorial board member of the journal European Integration Studies (Kaunas Technological University);
  • member of the ICC’s Trade and Investment Commission;
  • president of the Lithuanian Association of Economists;
  • member of the board of the International Economic 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 journal Independent Journal of Management and Production (IJM&P).

Assoc. Prof. G. Dzemydaitė –

  • programme committee member of Conference on Monitoring, Modelling & Management of Emergent Economy, Odessa, Ukraine.
  • member of European Regional Science Association (ERSA).

Assoc. Prof. L. Urbšienė –

  • member of Lithuanian Association of Economists.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • G. Dzemydaitė. Smart specialization in smaller territorial breakdown than NUTS2? 59th ERSA Congress Cities, regions and digital transformations: Opportunities, risks and challenges, August 27–30, 2019, Lion, France.
  • G. Dzemydaitė. Cultural activities in peripheral regions – in a vicious cycle? 22nd Uddevala Symposium Unlocking the potential of regions through entrepreneurship and innovation, June 27–29, 2019, L‘Aquila, Italy.
  • Burinskas. Drugs Disruptive Effects which Lead to Shortage. ATINER 6th Annual International Conference on Business, Law & Economics, May 6–9, 2019, Athens, Greece.
  • J. Droždz. The role of small farms in the sustainable development of the food sector of Lithuania. International seminar The role of small farms in the sustainable development of the food sector in the countries of Central and Eastern Europe, February 4–8, 2019, Pila, Poland.
  • J. Droždz. Change of international trade conditions and its impact on Lithuanian agri-food exports, August 21, 2019, University of Missouri, Columbia, USA.

MOST IMPORTANT NATIONAL AND INTERNATIONAL AWARDS RECEIVED FOR R&D ACTIVITIES

  • A young researcher scholarship of Lithuanian Academy of Sciences for Dr. Giedrė Dzemydaitė for 2018/2019.

MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS, ORGANISATIONS, BUSINESS ENTITIES

  • Prof. A. Miškinis – an expert of the Research Council of Lithuania for evaluation of science and doctoral projects.
  • Assoc. Prof. G. Dzemydaitė – a member of experts group (partners) of Lithuanian Council for Culture.

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES

  • Assoc. Prof. G. Dzemydaitė – seminars for regional culture centres and managers of cultural departments of Lithuanian municipalities on the topic Evaluation results of the 2015–2017 phase of the Regional Cultural Development Program 2012–2020.

 

DEPARTMENT OF MANAGEMENT

9 Saulėtekio ave., building II, LT-10222 Vilnius
Tel. 236 6134
E-mail:

Head – Prof. Dr. Danuta Diskienė

STAFF

Professors: Dr. D. Diskienė, Dr. G. Drūteikienė, Dr. J. Ruževičius, Dr. D. Serafinas. Associate professors: Dr. R. Adomaitienė, Dr. A. Stankevičienė, Dr. V. Tamaševičius, R. Korsakienė (part-time).
Assistant: Dr. J. Šarupičiūtė (part-time).
Junior assistants: D. Ruželė, N. Jurgaitytė, D. Budrienė (part-time), R. Labanauskis (part-time).
Lecturers: Dr. Ž. Grakauskas (part-time), Dr. K. Jakutytė-Ancienė (part-time), Dr. D. Klimas (part-time).
Doctoral students: N. Jurgaitytė, D. Ruželė, A. Šaltis, D. Budrienė, V. Jaškevičiūtė, E. Afarjanc.

RESEARCH INTERESTS

Business management and administration
Leaders’ managerial potential
Human resource management activities
Improvement of organizational reputation
Improvement of methodology for quality assessment of business and education performance
Lean management, organizational culture
Quality of life and working life
Quality management and social responsibility
Sustainable development processes and economic models
Socially oriented green economy

RESEARCH PROJECTS CARRIED OUT IN 2019

Projects Supported by University Budget

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

The main aim of the research in 2019 was to carry on an analysis of the HRM professionals’ potential and to reveal human resource management practices in the business companies and both issues and challenges occurred in those activities. Research allowed reveal the potential of HR professionals, the perception of different HRM practices effectiveness by HR specialists and professionals, the strengths and weaknesses in HRM seeking growth of corporate competitiveness. Research results let to outline some major trends and regularities important for understanding of HRM in contemporary business environment in Lithuania.
Improvement of organizational reputation as a way of strengthening organizational competitiveness was analysed in higher education institutions. The study explored the use of higher education institutions’ rankings in strategic planning of universities and identified the levels of rankings’ institutionalization in university strategic plans.

Main publications:

Stankevičienė, A., Šarupičiūtė, J., Naudžiūnaitė, G. Relationships between employee empowerment, emotional intelligence and managerial style in financial organizations. Proceedings of the 15th European Conference on Management, Leadership and Governance ECMLG 2019, Polytechnic Institute of Porto, Porto Accounting and Business School, Portugal, October 14–15, 2019, 357–365.

Diskienė, D., Paulienė, R., Ramanauskaitė D. Relationships between leadership competencies and employees’ motivation, initiative and interest to work. Montenegrin Journal of Economics. 2019, vol. 15(1): 113–129.

Šarupičiūtė, J., Drūteikienė, G. A study on the levels of institutionalization of higher education institutions’ rankings in university strategic plans. 11th International Conference on Education and New Learning Technologies, July 1–3, 2019, Palma, Spain: conference proceedings, 9123–9126.

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.
The following targets in 2019 were addressed: 1) Socially oriented green economy (SOGE) implementation possibilities in Lithuania were studied and identified within conceptual framework. Conclusions: SOGE has different priorities than Capital oriented economy – social and environmental values are of highest priority while economic processes and indicators are important as enablers for SOGE development. The development of SOGE needs coordinated policies and efforts of several ministries of Lithuania in order to create proper legal environment and support with human, material, environmental resources. Vertical governmental and municipal structures should be transformed into flat, cross-institutional structures which employs lean and agile decision making and policy implementation processes. 2) The concept of quality of working life in an organisation was developed. A model of quality of life was designed, which includes eight domains of quality of life and their factors. The research findings show that studied organization has possibilities to increase their employee’s quality of life and loyalty by improving working conditions and environment. The research of balance of work and personal life was conducted also. It was found that a different nature of work really determines a different work-life balance from the objective point of view. 3) Analysis of Lean tools and principles, of organizational culture research instruments, and corporate performance evaluation frameworks was performed.

Main publications:

Ruževičius, J., Ivanova, S. Quality  of working life: concept and research. Public Administration Aspects. 2019, 7(1–2): 81–94.

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

Wroclaw University of Economics (Poland)
Lund University (Sweden)
Torino University (Italy)
International Guild of Quality Professionals
Board of SME Council under the Ministry of Economics and Innovations (Lithuania)

OTHER RESEARCH ACTIVITIES

Prof. D. Diskienė –

Prof. G. Drūteikienė –

  • editorial board member of the Bulletin of Taras Shevchenko National University of Kyiv Economics, http://bulletin-econom.univ.kiev.ua/;
  • member of the International Advisory Committee of the IISES (International Institute of Social and Economic Sciences at University of Economics, Faculty of Economics, Prague) Economics and Finance Conferences (Check Republic), http://www.iises.net/.

Prof. J. Ruževičius –

Prof. D. Serafinas –

MOST IMPORTANT NATIONAL AND INTERNATIONAL AWARDS RECEIVED FOR R&D ACTIVITIES

  • Dalius Serafinas - Medal of the Parliament (Seimas) of the republic of Lithuania.

MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS, ORGANISATIONS, BUSINESS ENTITIES

Prof. D. Serafinas –

Prof. J. Ruževičius –

Prof. G. Drūteikienė –

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

  • Serafinas, Dalius (2019) Socially oriented green economy implementation possibilities in Lithuania. Conference at Šiauliai University "Valstybės vizijos raida XXI amžiuje: tautinis ir tarptautinis kontekstas". Septemeber 20, 2019.
  • Darius Ruželė - member of the jury of the science popularization competition “Science Soup”, http://mokslosriuba.lt/kartumesgalime/.

 

DEPARTMENT OF MARKETING

9 Sauletekio ave., building II, LT-10222 Vilnius
Tel. 236 6146
E-mail:

Head – Prof. Dr. Sigitas Urbonavičius

STAFF

Professors: Dr. S. Urbonavičius, Dr. V. Dikčius.
Associate professors: Dr. M. Degutis, Dr. A. Gaižutis, Dr. R. Časas.
Associate professor of practice: Dr. A. Jonkus.
Assistants: Dr. K. Adomavičiūtė, Dr. R. Paulienė.
Junior assistants: I. Radavičienė, V. Kaduškevičiūtė, S. Kiršė, I. Zimaitis.
Lecturers: J. Filimon, L. Kontrimas.
Research fellows: Dr. K. Adomavičiūtė, V. Škare.
Doctoral students: I. Radavičienė, I. Zimaitis, S. Kiršė, V. Kaduškevičiūtė, R. Andrulienė, E. Blažinauskytė.

RESEARCH INTERESTS

Consumer privacy and behaviour in digital environment
Consumer behaviour in online learning
Buyer price perception in online environment
Child influence in consumer decision-making
Specifics of marketing management and consumer behaviour in transition economies
Tourist behaviour.

RESEARCH PROJECTS CARRIED OUT IN 2019

Projects 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 in numerous publications.

Main publications:

Dikčius, V., Pikturnienė, I., Šeimienė, E., Pakalniškienė, V., Kavaliauskė, M. Influence of adolescents in parental purchasing of innovative. Monograph. Vilnius: Vilnus University Press. 2019, 176 p.

Urbonavičius, S., Dikčius, V., Adomavičiūtė, K., Urbonavičius, I. Movie piracy: how novelty seeking relates to illegal downloading. EuroMed Journal of Business. 2019, 4(1): 21–30. doi: 10.1108/EMJB-03-2018-0016.

Dikčius, V., Kiršė, S., Časas, R., Končanina, A. Drivers of attitudinal and behavioural loyalty in B-2-B markets. Inžinerinė ekonomika (Engineering Economics). 2019, 30(1): 94–102. doi: 10.5755/j01.ee.30.1.20182.

National Research Projects

Research Council of Lithuania. Factors, Influencing the Willingness to Disclose Personal Data, and Impact of the Willingness on the Choice of a Purchasing Channel (LMTLT), Agreement No P-MIP-19-12.

The project aims to find out what factors influence the willingness to disclose personal data, when it is collected for commercial purposes, and how the willingness influences purchasing. More specifically, it seeks to (1) discover the main antecedents of the willingness to disclose personal data, and (2) find out how the willingness influences the choice of a purchasing channel (on-line, of-line, multi-channel) and how it interacts with the trust in a seller and with the expected benefit from the data disclosure.
The first publications will be developed in 2020.

Development of A Game-Based Electronic Distance Learning Platform Based on Blockchain Technology (project is being implemented in partnership with the company Bitdegree under the name “Intelektas”; Project No. JO5-LVPA-K-04-0133).

The project aims to discover learning motivations in the context of e-learning. At this moment, three stages of theoretical analysis have been performed. The first stage allowed to clarify the theoretical basis for further research (Self-Determination Theory); the second – purify the factors that impact the intention to study and the selection of massive open online courses (MOOCs). The third stage of analysis focuses on the reasons for MOOCs success. Performed theoretical analysis allowed to develop research model and instruments for data collection. Data collection process is going.
The first publications will be developed in 2020.

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

University of Zagreb (Croatia)
Cracow University of Economics (Poland)
Monfort College of Business, University of Northern Colorado (USA)
School of Business of Nipissing University (Canada)

OTHER RESEARCH ACTIVITIES

Prof. Dr. S. Urbonavičius –

• member of Technological Development Committee of MITA (Science, Innovation and Technology Agency);
• honorary member of Lithuanian Marketing Association;
• editor-in-Chief of the journal Organizations and Markets in Emerging Economies, http://www.journals.vu.lt/omee;
• editorial board member of the Journal of Marketing Education, https://journals.sagepub.com/home/jmd;
• editorial board member of the journal Trziste (Market), Zagreb University, http://hrcak.srce.hr/trziste?lang=en;
• editorial board member of the journal Management, http://management.fon.bg.ac.rs/index.php/mng/about/editorialTeam;
• editorial board member of the journal Ekonomika (Economics), http://www.journals.vu.lt/ekonomika.

Prof. Dr. V. Dikčius –

  • member of European Marketing Academy (EMAC);
  • deputy member of MITA (Science, Innovation and Technology Agency) in the area of Social Sciences.

Assoc. Prof. Dr. A. Gaižutis –

  • member of Lithuanian Marketing Association;
  • coordinator of national technology platform of Lithuania for Forest-Based Sector, www.ntplatformos.lt;
  • member of the Board, vice-president, ELO- European Landowners Organisation, http://www.europeanlandowners.org/;
  • 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;
  • member of Council of Lithuanian Chamber of Agriculture, www.zur.ltww.zur.lt;

Dr. M. Degutis –

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

Dr. R. Paulienė –

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

I. Radavičienė –

  • LIMA (Lithuanian Marketing association);
  • Neuromarketing Science & Business Association NMSBA, https://www.nmsba.com.

V. Kaduškevičiūtė –

  • member of Lithuanian Marketing Association (LiMA).

Dr. K. Adomavičiūtė –

I. Zimaitis –

J. Filimon –

  • member of the Academy of Marketing Science.

MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS, ORGANISATIONS, BUSINESS ENTITIES

Assoc. Prof. A. Gaižutis –

 

DEPARTMENT OF THEORETICAL ECONOMICS

9 Saulėtekio ave., building II, LT-10222 Vilnius
Tel. 236 6129
E-mail:

Head – Prof. Dr. Romas Lazutka

STAFF

Professors: Dr. V. Giedraitis, Dr. R. Lazutka.
Associate professors: Dr. D. Klimašauskienė, Dr. R. Paliulytė, Dr. A. Rastenienė, Dr. E. Ulvidienė.
Lecturer: N. Ramanauskė.
Doctoral students: N. Černiauskas, J. Mundeikis, I. Blažienė, V. Gabnytė.

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 2019

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:

Lazutka, R., Juška, A. Resurgence of post-crisis neoliberalism: labour law reform and the return to “business as usual” in Lithuania. Journal of Baltic Studies. Published online: 04 July 2019, https://www.tandfonline.com/doi/abs/10.1080/01629778.2019.1634116.

Giedraitis, V., Serepenskas, A. Vilnius start-up ecosystem: The role of  external factors on start-up success. Perspectives of Innovations, Economics, and Business. 2019, 19(2).

Černiauskas, N. and Čiginas, A. Measurement and decomposition of Lithuania‘s income inequality. Bank of Lithuania Discussion Paper Series. 2019.

National Research Projects

Research Council of Lithuania. Income Smoothing Over the Life Course from a Social Investment Perspective in the Baltic Countries (No.Ger-009/2017).

This research project on income distribution in the Baltics is carried out by a group of researchers at Vilnius University. Prof. R. Lazutka, Dr. J. Navickė, Assoc. Prof. D. Skučienė, Assoc. Prof. J. Markevičiūtė, A. Čižauskaitė:

R. Lazutka. European Social Policy Network: Lithuanian expert, European Commission DG Employment and Social Affairs. 2014–2020;

Giedraitis, Vincentas; Aleknevičienė, J. Changing Patterns of Conviction in a Core-Periphery Hierachy in Flux. European Society of Criminology. Gentas, Belgium. September 18 – 21, 2019.

R. Lazutka. Flexibility in Industrial Relations and Labour Market Inequality. DAINA – Polish-Lithuanian Funding Initiative. 2019–2021.

R. Lazutka. Migration and Transnational Social Protection in (post) Crisis Europe. European Research Council (Starting Grant #680014), coordinator - Lježo University (Belgium). 2018–2019.

Main publications:

Lazutka, R., Juška, A., Navickė, J. Labour and capital under neoliberal economic model: economic growth and demographic crisis in Lithuania. Europe and Asia Studies, Journal of Baltic Studies. 2019, vol. 50(4), published online: July 04, 2019, https://www.tandfonline.com/doi/full/10.1080/09668136.2018.1525339?src=recsys.

Skučienė, D., Lazutka, R. Redistribution of income through social benefits over the life course in the Baltic States. Studies of Transition States and Societies. 2019, vol. 12(2).

Contractual Research

European Social Policy Network - Lithuanian expert, European Commission DG Employment and Social Affairs. European Commission. 2018–2021.

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.

Project Loterijų ir azartinių lošimų mokesčių analizė Lietuvoje, by Lithuanian Association of Loteries, researcher E. Ulvydienė.

Project Dėl alkoholio tyrimo, by Lithuanian Business Confederation. A. Rastenienė. 2019.

Main publications:

Lazutka, R., Poviliūnas, A., Žalimienė, L. Lithuania introduces a universal child benefit to tackle child poverty. Brussels: European Commission, 2019.

Lazutka, R., Poviliūnas, A., Žalimienė, L. ESPN thematic report on in-work poverty. Lithuania. Brussels: European Commission, 2019. 35 p.

Karpuškienė, V., Rastenienė, A., & Liepuonius, A. Alcohol consumption habits, environments and consequences in Lithuania. Socialinė Teorija, Empirija, Politika ir Praktika. 2019, 18, 59–73, https://doi.org/10.15388/STEPP.2019.4 ( Clarivate Analytics - Emerging Sources Citation Index).

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

Fundacja Adeptów i Miłośników Ekonomii (FAME) (Group for Research in Applied Economics) (Poland)
Institute for Social & Economic Research, University of Essex (UK)
Lithuanian Centre for Social Research (Lithuania)
Lithuanian Ministry of Social Security and Labour (Lithuania)

OTHER RESCEARCH 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).

 

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

  • Prof. R. Lazutka participated in over 30 TV discussions on national channels LRT, TV3, LNK, radio station „Žinių radijas“, internet media channels „Delfi.lt“, „15min.lt“ on topics of taxation, social security, pensions, public sector reforms.

 

 

CENTRE FOR EXCELLENCE IN FINANCE AND ECONOMIC RESEARCH (CEFER), BANK OF LITHUANIA

4 Totorių, 01121 Vilnius, Lithuania
Tel. 268 0449
E-mail:

Head – Dr. Povilas Lastauskas

STAFF

Principal economist: Dr. P. Gruening.
Senior economists: Dr. G. Hausmann Guil, Dr. B. Hemingway, Dr. E. Jakučionytė.

RESEARCH INTERESTS

Asset pricing
Computational macroeconomics
Corporate finance
DSGE models
Economic policy
Endogenous growth theory
Firm dynamics
Fiscal policy
Global economy and spill overs
Heterogeneous agents
International macroeconomics
International macroeconomics
Macro labour
Macroeconomics
Macrofinance
Microfinance
Panel data econometrics
Real estate economics

RESEARCH PROJECTS CARRIED OUT IN 2019

International Research Projects

Reassessment of the Optimum Currency Area in the Persistently Heterogeneous European Union, European Social Fund No. 09.3.3-LMT-K-712-01-0123. Main Investigator: Dr. P. Lastauskas, Principal Investigator: S. Kapounek.

Product and Labour Market Reforms and Economic Activity in the EU Countries, S-LL-18-12. Polish-Lithuanian Intergovernmental Grant “Daina”, Principal Investigator: Dr. P. Lastauskas.

Circular Economy Modelling and Empowerment Perspective in a Small Open Economy (CEMESOE). No. MIP 19-62, submitted to the Research Council of Lithuania December 2018 or January 2019 - application successful (news as of May 2, 2019)
Call statistics: 19 out of 194 applications successful. Acceptance rate = 9.8%. Period length: June 2019–May 2022.
People: Justina Banionienė (KTU), Jurgita Bruneckienė (KTU), Lina Dagiliene (KTU), Viktorija Varaniūtė (KTU), Michael Donadelli (Ca' Foscari University of Venice), Patrick Grüning (CEFER + VU), Marcus Jüppner (Bundesbank and Goethe University Frankfurt), Renatas Kizys (Portsmouth Business School), Kai Lessmann (Potsdam Institute for Climate Impact Research (PIK).

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

Guido Ascari, Oxford University and University of Pavia (UK and Italy)
Alireza Sepahsalari, University of Bristol (UK)
Alan Crawford, UC3M (Spain)
Lucyna Gornicka, IMF (US)
Sweder van Wijnbergen, University of Amsterdam (the Netherlands)
Stephanie Chan, Xiamen University (China)
Steffen Hitzemann, Rutgers Business School (US)

OTHER RESCEARCH ACTIVITIES

Dr. P. Lastauskas -

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

Dr. Patrick Grüning. Climate Change Risks, Stock Returns, and the Oil Sector, 25th international conference Computing in Economics and Finance, Carleton University, Ottawa, Ontario, Canada;
Dr. Guillermo Hausmann Guil. Solving Heterogeneous-Agent Models around the Ergodic Steady-State, 15th Dynare Conference, Lausanne (Switzerland);
Dr. Benjamin Hemingway. Banking regulation and collateral screening in a model of information asymmetry, The 50th Anniversary Conference of the Money, Macro & Finance Research Group, London, United Kingdom;
Dr. Eglė Jakučionytė. Mortgage Foreclosure Risk after the Great Recession. EcoMod2019, Azores, Portugal.
Dr. Povilas Lastauskas. How Do Firms Adjust When Trade Stops? London, UK (CFE-CMStatistics 2019).

 

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

Web publications: