ICONDA

Purpose. The aim of the paper is to investigate the relationship between workplace conflicts and employee burnout. Design/methodology/approach. The survey method was chosen, and the questionnaire was posted online to share among Lithuanian employees. Finally, 495 employees completed the questionnaire, which included four parts: questions about workplace conflicts, burnout, burnout due to conflicts, and consequences of burnout. Statistical analysis was used to process the research data. Findings. The study revealed that the more conflicts employees have with clients, colleagues, or managers, the more burnout they experience as a consequence. Furthermore, conflicts with colleagues have the strongest relationship with consequences of burnout which are not as unambiguous as they may also be the outcome of burnout. Research limitations/implications. The study was conducted in Lithuania and revealed the conflict-induced burnout of employees and the consequences of the burnout they face. Practical implications. Understanding the links between conflict at work and burnout let organizational leaders prioritize conflict resolution, pay more attention to the mental health of employees, and protect the organization from the costly consequences of burnout. Originality/Value. This study reveals the consequences of labour conflicts not only in the context of burnout but also in its consequences which allow to understand the real threat of disputes.

3.81 billion or 49.03 percent of people around the world in 2020 have been using social media platforms. On average, everyone has 8.6 accounts on social media platforms. In today’s world, social media platforms control a large part of life, one of which is job search. Job searches through social media platforms are already completing the elimination of older traditional job search methods, and the social network LinkedIn, which has become an interactive resume, is slowly outpacing resumes and cover letters in terms of the ability to share recommendations and various expertise. Employers are increasingly posting open job positions on social media platforms, making job postings simple and easily accessible to all users of social media platforms. The main goal of the presented paper is to introduce the recommendations for developing the process of job search through social media platforms using quantitative analysis. This article highlights the concept and peculiarities of social media platforms, advantaged and disadvantages of job search through SMP. The factors influencing job search through social media platforms were presented and analyzed according to the survey, steps for the further development were presented as well. Recommendation to improve the process of job search were provided after theoretical, methodological and empirical part. The results of the research will help to define the main advantages and disadvantages of job search through SMP from general population of Lithuania, also main concerns regarding its usage were determined. It is faster and easier to find the job through SMP, although do not like that it is necessary to keep an eye on their profile page in the social media, so privacy concern was defined as the biggest disadvantage. The article used the following methods: scientific literature review, quantative analysis (survey).

The European Union is made up of countries that differ significantly in their economic development. In order to develop tailored strategies for their development, it should be possible to quantify the condition at a desired point in particular time. Again, on this basis, the process of economic development can be quantified and thus typicalities identified. The process is characterized by several parameters: intensity, which reflects the quantitative side of the development process; homogeneity reflecting upon the qualitative side of the development process, and dynamics, integrating development intensity and homogeneity into one generalizing mean. The values of the economic development process make it possible to divide all the countries of the European Union into three levels. This distinction allows for a differentiated analysis of the effects of economic development of countries in terms of their social, environmental and other development.

Despite the growing popularity of transformational leadership (TL) in organization studies, there is a lack of studies trying to reveal subordinate’s perspective on experience of TL. The present study examined how subordinates employed in customer service experience TL during organizational change. The participants were people working in two international organizations operating in Lithuania. The data were collected through semi-structured interview. Phenomenological procedures were used to analyze the data. The conducted phenomenological analysis of TL from the subordinate’s perspective reveals that subordinates under TL feel secure and empowered, have extensive data about the ongoing change, receive full manager’s support and individual attention, share acquired knowledge in performing delegated duties and collectively aspire for a common generally accepted goal set by the manager and consequently are more positive about organizational change. The results of the present study contribute to the better understanding of the inner experiences of TL by subordinates working as customer service specialists in the context of organizational changes.

The research examines an approach to forecast return on equity using leading economic indicators for short periods in banks. ROE is one of the most important ratios for performance measurement. Its adequacy is necessary for competitiveness, attract funding in financial markets, accumulate reserve for future turbulences, secure compliance with supervisory requirements and maintain positive signals for the market. There is still a debate in the literature on factors of commercial banks’ profitability forecasting, techniques, and most appropriate models to improve the correctness of predicting and acquiring more accurate signals for communication on targets. The problems are still relevant from both a theoretical perspective and practical implementation. This research aims to prove the necessity to include leading economic indicators for short term ROE forecasting. It conducts investigations for the relevant studies, using regression analysis, necessary tests, ascertains opportunities and limitations of using these indicators and develops a conceptual model and its assessment major Baltic banks. The results show verification of approach to forecast ROE using leading economic indicators for short periods. Such study complements signalling theory with a new approach, how to predict and acquire signal not only using economic indicators as a general group but sub-group them into coinciding, lagging and leading.

To be useful for decision-making accounting information needs to be of high quality. This article examines how tax accounting rules may impact the accuracy and reliability of the information contained in financial statements. The simulation model reveals that significant distortions occur in accounting information due to the choice of depreciation period and methods. Using as benchmark ratios calculated applying accounting policy recommended in Business Accounting Standards a significant divergence between ratios has been found. This finding implies that ratios calculated using accounting rules allowable for Corporate Income Tax calculation can provide misleading information and lead to unsound financial management decisions.

This study aims to present the conceptual framework of performance audits impact that support our investigation of the rocess of selection performance audit topics at Supreme audit institutions (SAIs) level. The results of the study include the technique for choosing performance audit topics used by the Lithuanian SAI and the SAI of the Netherlands. The data were gathered sing case studies and semi-structured in-depth interviews with the field experts. The results of the study monstrated a range and the complexity of the arguments underlying the selection of the topic for performance audits: there are no andatory quirements or standards governing the process; therefore, every SAI chooses its own path. Each SAI applies specific formance audit opics selection methods determined by their original long-term practical experience. Selecting right topics for performance audit is a task of crucial importance for each SAI. Gathering information about all areas and making a decision where to perform an audit is an important part of strategic research efforts. Data collection is a lengthy process that takes place throughout the year. Each SAI has a framework for strategic and annual planning that has clearly set deadlines, uses a transparent qualified and/or quantified approach to ranking risks/audit proposals, and is based on the criteria relating to materiality, topicality, feasibility and added value.

The development of an appropriate export promotion strategy in any country calls for consideration of such country-level determinants as macroeconomic indicators and cultural elements. Small economies, like Lithuania, must have a clear understanding of which macroeconomic factors most significantly contribute to the competitiveness of their exports. This article is aimed at assessment of the competitiveness of Lithuanian export in the macroeconomic context. The main purpose of the research is to assess the determinants of the competitiveness of Lithuanian export in the macroeconomic context. For accomplishment of the defined purpose, the following objectives were raised: 1) to review the general determinants of export competitiveness; 2) to develop the methodology for assessment of the country’s export competitiveness in the macroeconomic context; 3) to empirically assess the impact of macroeconomic determinants on the competitiveness of Lithuanian export over the period 2007–2015. The research methods include comparative and systematic literature analysis, correlation and regression analysis. It has been found that GDP (gross domestic product) per capita and general state’s revenue from taxes and social contributions explain the trends of Lithuanian export by 99.1 percent. A very strong correlation has been estimated between Lithuanian export and terms of financing for exporting enterprises, a negative medium-strong correlation has been estimated between the country’s export and its general tax level, while a positive medium-strong correlation has been captured between the country’s export and its minimum wages. Novelty. The results lead to the conclusion that the competitiveness of Lithuanian export is mainly affected by the state’s tax policy, terms of financing for exporting enterprises and social wage strategies. By improving the above-mentioned areas, the country could occupy stronger competitive positions in international markets.

This articles analyses a contemporary problem, which has not been thoroughly analysed in scientific literature – Estimation of Digital Shadow Economy through a modified MIMIC model. It is the first pilot research of such type, which allows to reveal the need of deeper data analysis and data collection. Received results show, that three causal factors (internet access, and PC availability for households, non-cash payments, placement of innovative financial instruments on a market) and three indicators (non-cash transfers through internet payment platforms, volume of payments in cryptocurrencies and parcels, which are tax free at the customs) are not enough in order to perform interpretations of economic results. Additionally, the data set should cover longer-term data, however the limitation appears due to relatively short existence of innovative financial products and the lack of information accumulation about necessary data in statistical databases.

Urban brownfields are found in all parts of the world. They suffer from a negative image and are generally being viewed as problem areas. However, urban brownfields also offer potentials for new uses and for the ecological regeneration of cities. Strategic decision-making has a long term impact on the quality of life, ecological balance and urban structure. Therefore, the paper is aimed at providing a methodology for selecting the optimal scenario for urban brownfields regard-ing criteria for urban development and focuses on three possible scenarios representing sustainable urban development in the city. The results of the research are provided as a priority list for each scenario in the context of every neighbour-hood of Vilnius city. The obtained results show the scenario optimal for each neighbourhood having the highest priority to implementing solutions in real life. Economic, social, physical (urbanistic) and environmental criteria are considered. Geographic information system (GIS) tools are employed for collecting spatial information, obtaining the initial set of criteria and deriving statistical data. Different MCDA methods, including TOPSIS, EDAS, COPRAS and SAW are used in the research. The correlation between the values of the sets pairs of cumulative criteria for the applied MCDA methods ap-peared to be satisfactory for the conducted re-search. The developed framework will support the decision-making process in brownfield land redevelopment aiding sustainable urban planning.