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The Impact of FDI on Lithuanian economicsPublicationThe scientific literature emphasizes that FDI can cause not only economic growth, but also economic suppression. This article is aimed at the research of the impact of FDI on Lithuanian economics by analysing the changes of three main macroeconomic indicators – GDP, unemployment rate and export. The methods of the research include systematic analysis of the scientific literature, statistical data analysis and correlation regression analysis. The results of the research have revealed that, in Lithuanian case, there exists strong correlation between FDI and GDP as well as between FDI and export. The correlation between FDI and unemployment rate is very weak, although there is a tendency that increasing income from FDI contributes to unemployment rate decrease since FDI determines creation of work places and development of industrial processes.
- research articleSocialinės technologijos : mokslo darbai = Social technologies : research papers. Vilnius : Mykolo Romerio universitetas, 2015, t. 5, Nr. 1., p. 32-43This article aims to determine and analyse the main approaches of evaluation of cluster or group performance under information asymmetry within cluster. It is assumed that one of the most relevant causes of information asymmetry inside the business clusters are the different interests of its stakeholders and their willingness to dominate. This paper contributes to the further analysis, development and generalisation of evaluation approach of cluster performance and of the impact of information asymmetry on the activities of business clusters. Purpose – is to investigate the impact of information asymmetry on the evaluation on performance of business clusters and the methods and approaches of evaluation of performance with regard to information asymmetry. Design/methodology/approach – general overview of research papers presenting concepts and methodologies of evaluation of performance with regard to information asymmetry. Findings – information asymmetry has a significant impact on the performance of business clusters, and can be the decisive factor in the viability of a cluster. The members of cluster can be seem as subjects willing to dominate in cluster and to gain a relatively more portion of profit of clusters, some conflicts of interests can appear. However, there is no universal approach for evaluation of the impact of information asymmetry on cluster or group efficiency. This paper aims to highlight the main types of information asymmetry and respective approaches of evaluation analysed by the researchers. Research limitations/implications – the complexity and nature of information that can be used in the process of creation of innovation. The strong assumptions on information asymmetry from one side and the lack of advanced investigation focussed on the evaluation of business clusters performance efficiency under information asymmetry from other side are the most relevant limitations of research. Therefore the conclusions are focussed only on the conceptual level and analysis of possible further steps in creation of respective methods or models. Practical implications – information asymmetry has a significant impact on the activities and performance of business clusters, and can be the decisive factor for a viability of a cluster and creation of innovations. This study will contribute to the further development and generalisation of evaluation approach of cluster performance and of the impact of information asymmetry on the activities of business clusters. Originality/Value – This case in terms of business cluster performance and creation of innovations is not exhaustively analysed by other researchers. This paper is one of the first attempts to describe and make an assessment of the evaluation of clusters with financial contagion in the Baltic States. The findings of this article should ground the further steps of the creation of evaluation of performance efficiency under information asymmetry.
Evaluation of institutional factors of self-employment: comparative analysis of Lithuania and LatviaPublicationThe article is aimed at the analysis of the main differences between the institutional factors of selfemployment in Lithuania and Latvia. In order to fulfil the raised aim, the first section has been designed for the analysis of the experience of entrepreneurship promotion from governmental positions in different geographical areas (Europe and the USA). The second section introduces the methodology of the empirical research and the course of the expert evaluation. 5 experts from Latvia and 9 experts from Lithuania were involved in the research. The results of the empirical research propose the following conclusions: the number of the selfemployed in Latvia could be increased by focusing on the financial measures of self-employment while in Lithuania it could be increased by focusing on tax incentives; the opportunity to receive a preferential credit is an influential factor of self-employment promotion in both Latvia and Lithuania; business expansion while becoming an employer could be promoted by facilitation of tax administration, less intensive regulation of the labour market and financial support provided for small and medium business. Modelling profitability of banks by using dynamic panel data estimation methodPublication[Bankų pelningumo modeliavimas, taikant dinaminį sekinių duomenų vertinimo metodą]research articleNaruševičius, LaurynasSocialinės technologijos : mokslo darbai = Social technologies : research papers [Elektroninis išteklius]. Vilnius : Mykolo Romerio universitetas, 2013, [Nr.] 3(2)., p. 278-287Purpose – to find and assess connection between banking sector profitability and real economy data, using panel data, and to display analysis capabilities of dynamic panel data estimation methods. Design/methodology/approach – a panel, or longitudinal data set, consists of a sequence of observations, repeated through time on a set of statistical units. Panel data and their estimation methods are frequently used in various economic research, as it gives more information than pure cross-section or time series data. Findings – dynamic panel data estimation methods are used to study relationship between income statement items (net interest income, net fee and commission income and operating expenses) and macroeconomic variables. Model estimation shows that included macroeconomic variables are significant and there is interaction between banks profitability and real economy. Net interest income are found to be dependent on real investment and short term interest rate, net fee and commission income reacts to changes in real gross domestic product (GDP) and operating expenses are connected to real GDP and compensation per employee. Practical implications – the model is used to estimate income statement items changes after the external forecasted macroeconomic impact. The forecasts indicate that banks profitability reacts to changes in macroeconomic situation.
- This paper studies the scientific approaches of customer satisfaction and determinants influencing an overall customer satisfaction. Analyzing the concepts of satisfaction, it was found that the greatest impact on customer satisfaction with commercial banks has the service quality. Also the elements influencing the service quality were identified and investigated. These elements were as follows: understanding the business environment, commuting, flexibility, communication skills, interest in small and medium-sized businesses, speed of decision-making, responding to customer needs, awareness, level of expertise, reliability. After statistical investigation it was found that only understanding the business environment, flexibility, communication skills and level of expertise are statistically significant elements. As a consequence, the regression model of small and medium-sized companies’ satisfaction with commercial banks’ services’ quality was established.
Modelling of systemic risk of banking sectorPublication[Bankų sektoriaus sisteminės rizikos vertinimo modeliavimas]Practical implications – determination of the explicit connection based on quantitative methods determining the systemic risk of the banking sector would be exact and objective assessment and useful not only for the banking executives providing business trends, identifying potential sources of risk in the near future, but also for the rest part of society, both ordinary citizens and entrepreneurs with current accounts and deposits in banks. Originality/value – in essence, modelling of the systemic risk and analysis of instability causes of the banking sector applying reliable quantitative methods in Lithuania are not sufficiently developed. Researchers in other countries have established that a high threat of systemic risk is concentrated in the interbank market; many researches have been done to assess this risk, however, problems related to assessment of systemic risk and application of models always occur. The most common problem is the lack of information and assumptions, and constantly changing economic environment: emerging (or which may arise) new types of transactions, the new banking regulatory conditions and other financial innovations. First, whether the country’s banking business is so dependent on each other to create the threat of the systemic risk between banks’ assets and liabilities. Second, the banking sectors of the Baltic states are essentially controlled by large foreign banking groups, so there is no doubt that the international financial groups’ liquidity problems could spill over to other banks in the Baltic states. On the other hand, a question remains essentially and completely unexplored: how and why such problems could spill over in the Baltic Sea region countries? Also, little attention has been paid to the reliability of interbank payment systems and to the analysis of this object as a potential source of systemic risk. 1 Determinants of IT-related innovation acceptance and use behaviorPublication[IT paremtų inovacijų priimtinumo determinantės ir naudojimo elgsena: teorinė unifikuotos įsisavinimo teorijos integracija, technologijų naudojimo ir verslumo potencialo modelis]research article ;Moghavvemi, Sedigheh ;Salleh, Noor Akma MohdAbessi, MasoudSocialinės technologijos : mokslo darbai = Social technologies : research papers [Elektroninis išteklius]. Vilnius : Mykolo Romerio universitetas, 2013, [Nr.] 3(2)., p. 243-260Study limitation – the paper represents work in progress and may some researcher criticize it in term of the predicted results. Practical significance – the TADU model is a useful tool for managers to assess the likelihood of success for new technology introductions and the possibility of actual use. It helps the manager understand the driver of technology acceptance and allows them to design interventions for users that are less inclined to use new technology. In addition, policy makers could facilitate and provide guidance in relation to the adoption and usage of IT innovation. Originality/value judgment – this study revises the UTAUT and the EPM in order to develop a more robust model, and identify new variables that affect the relationship between intentions and use behavior, while overcoming UTAUT’s limitations. It improves the model by adding precipitating events as moderators that is able to measure the effect of external factors on the relationship between behavioral intention and usage behaviors. The new model is able to capture the causal flow between technological factors, environmental factors and individual factors in predicting intentional behavior. 2 The influence of the educational reform in Slovakia on educational contents and technology in pre-college economic educationPublication[Slovakijos švietimo reformos poveikis švietimo turiniui ir technologijoms ikiuniversitetiniame ekonomikos dalyko mokyme]research articleNovák, JaromírSocialinės technologijos : mokslo darbai = Social technologies : research papers [Elektroninis išteklius]. Vilnius : Mykolo Romerio universitetas, 2013, [Nr.] 3(2)., p. 288-302Purpose – the Slovak educational reform caused many changes in the Slovak school system. In the article, the author analyzes the impact it had on the educational contents and technology in pre-college economic education as part of general education. Design/methodology/approach – curriculum documents analysis, literature review, opinion survey (questionnaire), qualitative research (interview). Findings – he reform resulted in more teaching time as well as more practical orientation of economic education in general education in primary and secondary schools. However, what is still missing in the contents of this branch of economic education is more space for entrepreneurship education that would help to develop entrepreneurial skills necessary for the students to become more economically independent after they leave school. Although the reform gave schools more freedom in creating their school educational programs, it did not provide them with extra funds to finance the necessary modernization of the educational technologies they use. The differences in the use of modern ICT between different schools are thus attributable to other factors, unrelated to the educational reform process. Research limitations/implications – in the analysis of the contents of pre-college economic education, the author focused on the educational standards set by the state educational program, which must be respected by all schools in Slovakia. Although the reality of economic education in general education differs among schools (some schools created even several separated economic courses compulsory for all their students, others offer only a minimum required by the state educational program infused in a compulsory social studies course), it might also be interesting to analyze a sample of school educational programs for comparison and a more in-depth analysis. Spatial data envelopment analysis method for the evaluation of regional infrastructure disparitiesPublication[Erdvinės duomenų apsupties analizės metodo taikymas vertinant regionų infrastruktūros vystymo netolygumus]research article ;Galinienė, BirutėDzemydaitė, GiedrėSocialinės technologijos : mokslo darbai = Social technologies : research papers [Elektroninis išteklius]. Vilnius : Mykolo Romerio universitetas, 2012, [Nr.] 2(2)., p. 390-403Purpose—to achieve a more detailed assessment of regional differences, exploring regional infrastructure and human capital usage efficiency and to display analysis capabilities of spatial data efficient frontier method. Design/methodology/approach—the data envelopment analysis (DEA) is applied to find the efficient frontier, which extends the application of production function of the regions. This method of mathematical programming optimization allows assessing the effectiveness of the regional spatial aspects presented. In recent studies this method is applied for evaluating the European Union regional policy issues. Findings—the application of DEA reveals its feasibility for regional input and output studies to evaluate more detailed and more reasonable fund allocation between Lithuanian regions. This analysis shows that in the comparatively efficient Lithuanian regions, such as Vilnius and Klaipėda, “the bottleneck” of usage of transport infrastructure and regional specific human capital is reached. It is stated that decision-making units could enhance region attractiveness for private investors by improving indirect factors in these regions. For practical significance of the study the results are compared with German regional analysis, conducted by Schaffer and other researchers (2011). Practical implications—the practical value of this work is based on giving more accurate planning tools for fund allocation decisions in Lithuanian regions while planning infrastructure and human capital development. The regional indicators were analyzed for 2010.
- conference paper
;Practice and research in private and public sector - 2012 : conference proceedings : international scientific conference, April 26 - 27, 2012. [Elektroninis išteklius] / Mykolas Romeris university.- 1 elektron. opt. diskas. , 2012., p. 268-278Lithuania's economy for over 20 years moves on rails of market economy. Over twenty years levers of market economy were developed, the contours of the market were formulated, but in many cases, socio-economic indicators of the satisfaction of the population and quality of living is poor in terms of physical or spiritual needs. In order to consolidate the internal and external resources it is necessary to put foundation for a systematic and consistent coordination. In this context, strategic planning becomes critical. Under conditions of globalization of the economy, strategy comes to be complex and multi-stage process. The changing environment is transforming the social and economic processes in society. These processes are not completely spontaneous and uncontrolled. Prerogative of the State is to combine social, economic, technological, cultural resources built on the achievements of scientific progress and improve quality of the social economic characteristics of the life. This paper deals with ―Lithuania 2030‖strategy which should provide country's development guidelines for nearest 20 years. An overview of the Strategy vision, objectives and tasks are discussed in this paper. Give a short statistical analysis showing the vision of the priorities of the strategy reflecting dissonance with the actual socio-economic situation of the country. The analysis shows that the country needed reform of the social economic situation, which should be oriented to person, education, health and social and economic changes of societal structure. Unfortunately, the strategy of Lithuania 2030 only provides general-oriented principles.