Faculty of Economics and Business Administration

Sukurta: 21 July 2018

9 Saul臈tekio, LT-01222 Vilnius

Tel. 236 6126

Email.

Web.

Dean&苍产蝉辫;鈥� Prof. Dr. Aida Ma膷erinskien臈

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. Budrionyt臈. The financial accounting model for forests managed by business entities.

M. Kavaliausk臈 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鈥�1554.

Bartkus, Algirdas. 2017. The minimum wage and the Lithuanian labour market. Economics of Transition, vol. 25.1, p. 47鈥�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鈥�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鈥�152.

Gr眉ning, Patrick. 2017. International endogenous growth, macro anomalies, and asset prices. Journal of Economic Dynamics and Control, vol. 78, p. 118鈥�148.

Weber, Matthias, and Arthur Schram. 2017. The non鈥恊quivalence of labour market taxes: a real鈥恊ffort experiment. The Economic Journal, vol. 127.604, p. 2187鈥�2215.

DEPARTMENT OF ACCOUNTING AND AUDITING

Room 610, 9 Saul臈tekio, 01222, Vilnius

Tel. 236 6153, fax. 236 6127

E-mail:

Head 鈥� Prof. Dr. Rasa Suba膷ien臈

STAFF

Professors: Habil. Dr. V. Lakis, Dr. L. Gai啪auskas, Dr. R. Suba膷ien臈.
Associate professor: Dr. K. Senkus.
Assistants: I. Kamarauskien臈, D. Razi奴nien臈, V. Savickas, D. Tamulevi膷ien臈, Dr. D.Vaicekauskas, Dr. 沤. Simonaityt臈, Dr. G. Venckevi膷i奴t臈.
Junior assistants: L.Kazlauskien臈, R. Budrionyt臈.
Doctoral students: R. Budrionyt臈, D. Tamulevi膷ien臈, V. Savickas, A. Jaugelavi膷ien臈, D. Razi奴nien臈, A. Masiulevi膷ius, A. 艩alien臈.

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. Suba膷ien臈.

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鈥� 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., Masiulevi膷ius, A. 2017. Vadyba (Jounal of Management), no. 2, p. 117鈥�125.

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

Mackevi膷ius, J., Tamulevi膷ien臈, D., Suba膷ien臈, R. 2017. Audito raida Lietuvoje: etapai, svarbiausi 寞vykiai ir datos (The development of the independent Lithuanian audit: stages, most important events and dates). Vie拧asis administravimas (Public Administration), no. 1鈥�2, p. 82鈥�95.

Razi奴nien臈, D., Verbickait臈, G. 2017. Reik拧mingumo samprata finansini懦 ataskait懦 audite (The concept of the materiality in the financial statement auditing). Apskaitos ir finans懦 mokslas ir studijos: problemos ir perspektyvos (Science and Studies of Accounting and Finances: Problems and Perspective), vol. 11, no. 1, p. 41鈥�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 鈥�

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 finans懦 mokslas ir studijos: problemos ir perspektyvos (Science and Studies of Accounting and Finance Problems and Perspectives); Finanse (Finance), Poland; 笔谤锄别诲蝉颈臋产颈辞谤蝉迟飞辞&贵颈苍补苍蝉别 (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. Suba膷ien臈 鈥�

editorial board member of the journals Apskaitos ir finans懦 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 鈥�

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

Jr. Assist. L. Kazlauskien臈鈥�

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. Budrionyt臈鈥�

member of Accounting Standards Committee;
member of Commission of the Experts and Assessors of the Auditors鈥� Qualification Examinations.

Assist. I. Kamarauskien臈鈥�

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 91桃色 Endowment.

Assist. D. Razi奴nien臈鈥�

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

DEPARTMENT OF BUSINESS

Room 516, 9 Saul臈tekio, 01222, Vilnius

Tel. 236 6152, fax. 236 6127

E-mail:

Head 鈥� Assoc. Prof. Dr. Asta Fominien臈

STAFF

Professors: Dr. M. Ku膷inskien臈, Dr. A. Ma膷erinskien臈, Dr. L. Belinskaja, Dr. A. Iurasov.
Associate professors: Dr. A. Fominien臈, Dr. G. Jatuliavi膷ien臈, Dr. M. Krutinis, Dr. A. Ulbinait臈, Dr. J. 沤emgulien臈, Dr. T. Gudaitis.
Lecturers: Dr. R. Paulien臈, Dr. L. Pilukien臈, Dr. K. 艩erpytis, D. Shahbazov, D. Liu膷vaitis, B. Vil膷iauskait臈, V. Grigaitien臈, V. Puga膷evskis, M. Mork奴nas.
Doctoral students: G. Mikali奴nien臈, D. Bali奴nas, 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鈥檚 Business Changes Influencing Factors, for Seeking Competitive Advantage in the Integrated Market. Assoc. Prof. Dr. A. Fominien臈. 2016鈥�2020.

One section of the project is A. Ulbinait臈鈥檚 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. Ulbinait臈 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., Ulbinait臈, A. 2017. Business integration as a strategy of growth in the social media and network markets: the case of Facebook. 4^th International Conference on Business, Big-Data, and Decision Sciences. August 2鈥�4, 2017, Bangkok, Thailand, p. 210鈥�219.

Medaiskis T., Gudaitis T. 2017. Evaluation of second pillar pension funds鈥� supply and investment strategies in Baltics. Journal of Business Economics and Management, vol. 18, iss. 6, p. 1171鈥�1192; doi: .

沤emgulien臈, 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鈥�299; doi: 10.5593/sgem2017/53/S21.037.

Ku膷inskien臈, M., Broniukaitis, R. 2017. Intellectual capital and strategic decisions: an integrative approach. Informacijos mokslai (Information Sciences), vol. 78, p. 53鈥�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. Ulbinait臈.

*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鈥檚 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鈥檚 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: 91桃色. Assoc. Prof. T. Gudaitis. 2015鈥�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鈥�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 (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 鈥�

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, ;
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, ;
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. Ma膷erinskien臈鈥�

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 膶epkeliai 鈥� Dz奴kijos PAN park;
member of Organizational Commitee of EuRun-BIS Symposium.

Assoc. Prof. T. Gudaitis 鈥�

member of management board of Lithuanian Private Equity and Venture Capital Association, ;
review board member of the Baltic Financial Advisors Association, ;
expert at Centre for Quality Assessment in Higher Education;
member of the Baltic Institute of Corporate Governance, .

Assoc. Prof. A. Ulbinait臈鈥�

member of the Lithuanian Society of Young Researchers, ;
conference co-chair of the International Conference on Business, Big-Data, and Decision Sciences (ICBBD 2017), Bangkok, Thailand, ;
conference co-chair of the International Conference on Education, Psychology, and Social Sciences (ICEPS 2017), Bangkok, Thailand, ;
international committee member of the International Conference on Engineering, Science, and Industrial Applications (ICESI 2017), Bangkok, Thailand, ;
scientific committee member of the international conference Social Transformations in Contemporary Society (STICS 2017), Vilnius, Lithuania, ;
editorial board member of the research journal Acta AVADA, .
short-term Research Award (STRA 2017) participant, 6 months, selected by Ministry of Education, Taiwan.

Assist. Dr. M. Mork奴nas 鈥�

reviewing committee member of the journal Oeconomia Copernicana, indexed in Clarivate Analytics (Web of science), .

DEPARTMENT OF ECONOMIC INFORMATICS

Room 309, 9 Saul臈tekio, 01222, Vilnius

Tel. 236 6139, fax 236 6127
E-mail:

Head&苍产蝉辫;鈥� Prof. Dr. Rimvydas Skyrius

STAFF

Professor: Dr. R. Skyrius.
Associate professors: Dr. G. Giri奴nien臈 (part-time), Dr. L. Zalieckait臈, Dr. R. 沤ilinskas.
Lecturers: Dr. K. Banevi膷ius (part-time), R. Bartkevi膷ius (part-time), Dr. A. Butkevi膷ius (part鈥搕ime), Dr. M. Kazimianec (part-time), Dr. I. Katin (part-time), Dr. J. Katina (part-time), J. Lankutis (part-time), S. Nemitko (part-time), A. Rykov臈 (part-time), G. Rum拧as (part-time), S. 艩imkonis (part-time), A. Ven膷kauskait臈 (part-time).
Assistants: D. 艩eibakas (part-time), R. Grinkyt臈 (part-time), E. Stai拧i奴nien臈 (part-time).
Doctoral students: G. Rum拧as, 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鈥�2018.

The principal direction of the Department鈥檚 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鈥檚 researchers have prepared a chapter The Potential of Big Data in Banking for the collective monograph on Big Data 鈥淕uide to Big Data Applications鈥�, edited by prof. S. Srinivasan of Texas Southern university, USA, and published by Springer.

Main publications:

Skyrius, R., Giri奴nien臈 G., Katin, I., Kazimianec, I., 沤ilinskas, R. 2017. The potential of big data in banking. In: Guide to Big Data Applications, ed. by S. Srinivasan, Springer.

Sald啪i奴nas, K., Skyrius, R. 2017. The challenges of big data analytics in the mobile. Communications sector. Ekonomika. Mokslo darbai, vol. 96(2), p. 110鈥�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鈥�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 鈥�

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 Saul臈tekio, 01222, Vilnius

Tel. 236 6129, fax. 236 6127

E-mail:

Head 鈥� Prof. Dr. Algirdas Mi拧kinis

STAFF

Professors: Dr. B. Galinien臈, Habil. Dr. B. Melnikas (part-time), Dr. A. Mi拧kinis (part-time), Dr. R.A. Stanik奴nas (part-time).
Associate professors: Dr. N. Bal膷i奴nas, Dr. B. Visokavi膷ien臈 (untill September 2017), Dr. A. Lau啪adyt臈-Tutlien臈, Dr. A. Astrauskas (part-time).
Lecturers: Dr. V. Cohen, Dr. G. Dzemydait臈, Dr. B. 艩idlauskait臈-Riazanova (part-time), Dr. Laima Urb拧ien臈 (part-time), Dr. J. Bumelyt臈 (part-time), Dr. J. Dro啪dz (part-time), S. Deveikis (part-time, untill September 2017), M. 艩vabovi膷 (0,25), T. Reichenbachas (part-time, untill September 2017).
Doctoral students: T. Reichenbachas, L. Girlevi膷ien臈, D. Karu啪ait臈, V. Petryl臈.

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. Mi拧kinis.

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., Karpavi膷i奴t臈 L. 2017. The analysis of the determinants of housing prices. Intedepndent Journal of Management & Production (IJM&P), vol. 8, no. 1, p. 49鈥�63.

Dzemydait臈, 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鈥�412.

Urb拧ien臈, L., Dubinskas, P. 2017. Investment portfolio optimization by applying a genetic-algorithm-based approach. Ekonomika, vol. 96(2), p. 66鈥�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. Galinien臈鈥�

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. Mi拧kinis 鈥�

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鈥檚 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, 91桃色.

Lect. G. Dzemydait臈鈥�

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

Prof. Dr. R. Stanik奴nas 鈥�

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

Assoc. Prof. Dr. V. Cohen 鈥�

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

DEPARTMENT OF FINANCE

9 Saul臈tekio, 01222, Vilnius

Tel. 236 6142, fax 236 6142

E-mail:

Head 鈥� Prof. Dr. Arvydas Pa拧kevi膷ius

STAFF

Professors: Habil Dr. R. Kanapickien臈, Dr. A. Pa拧kevi膷ius.
Assoc. Prof.: Dr. E. Bikas, Dr. D. Teresien臈 (part-time), Dr. Alg. Laurinavi膷ius (part-time), Dr. Ant. Laurinavi膷ius (part-time).
Assistants: Dr. G. Keliuotyt臈-Staniul臈nien臈, Dr. I. Astrauskait臈 (part-time), Dr. J. Niaura (part-time), Dr. J. Staroselskaja (part-time), Dr. D. Saikevi膷ius (part-time).
Lecturers: Dr. D. Kuzmickas (part-time), N. 膶in膷ikas, B. Povilaitis, G. Bagotyrius (part-time), D. Vaitulevi膷ien臈 (part-time).
Doctoral students: K. Kup膷inskas, S. Vidzbelyt臈, L. Jurk拧as, Viktorija Di膷pinigaitien臈, 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鈥檚 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鈥檚 Single Capital Market and Financial Technologies (Fintech) and their Influence on the Lithuanian Financial Sector. Prof. A. Pa拧kevi膷ius. 2017鈥�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鈥檚 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:

Jurk拧as, L., Pa拧kevi膷ius, 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鈥�85.

Kup膷inskas, K., Pa拧kevi膷ius, 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鈥�55; doi: 10.15388/Ekon.2017.2.10994.

Smilga, E., Laurinavi膷ius, Ant., Laurinavi膷ius, Alg. 2017. Efektyvios strategijos: modernus teorinis po啪i奴ris ir emigracijos problem懦 sprendimas (Effective strategies: modern theoretical approach and solution of emigration problems). Vie拧asis administravimas (Public Administration), nr. 3鈥�4. p. 22-33.

Laurinavi膷ius, Ant., Laurinavi膷ius, 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 Saul臈tekio, 01222, Vilnius

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

Head&苍产蝉辫;鈥� Prof. Dr. Danuta Diskiene

STAFF

Professors: Dr. D. Diskien臈, Dr. G. Dr奴teikien臈, Dr. J. Ru啪evi膷ius, Dr. D. Serafinas, Habil. Dr. A. Mar膷inskas.
Associate professors: Dr. R. Adomaitien臈, Dr. R. 膶esynien臈, Dr. R. Luko拧evi膷ius, Dr. A. Stankevi膷ien臈, Dr. V. Tama拧evi膷ius, Dr. A.Liepuonius (part-time), R.Korsakien臈 (part-time).
Assistants: Dr. 沤. Grakauskas (part-time), Dr. G.Binkauskas.
Junior assistants: D. Ru啪el臈, N. Jurgaityt臈. J. 艩arupi膷i奴t臈.
Lecturer: D. Klimas (part-time).
Doctoral students: N. Jurgaityt臈, D. Ru啪el臈, A. 艩altis, D. Budrien臈, J. 艩arupi膷i奴t臈,
V. Andrejauskien臈, E. Afarjanc, V. Ja拧kevi膷i奴t臈.

RESEARCH INTERESTS

Business management and administration
Leaders鈥� 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鈥檚 Competitiveness through Development of Human Resource Management (HRM) Activities. Prof. D. Diskien臈. 2016鈥�2020.

The main aim of the research in 2017 was to carry out analysis of the HRM departments鈥� potential and to reveal significant problematic aspects of human resource management (HRM) departments鈥� 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鈥� Performance. Prof. J. Ru啪evi膷ius. 2016鈥�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:

Stankevi膷ien臈, A., Diskien臈, D., Tama拧evi膷ius, V., Korsakien臈, 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鈥�275.

Ru啪evi膷ius, J., Valiukait臈, 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鈥�81.

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

Klaip臈da 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. Diskien臈鈥�

editorial board member of the journal Organizations and Markets in Emerging Economies, ;
editorial board member of the journal Entrepreneurship and Sustainability issue, ;
editorial board member of the journal Informacijos mokslai (Information Sciences), .

Prof. G. Dr奴teikien臈鈥�

member of the European Higher Education Society, ;
editorial board member of the Bulletin of Taras Shevchenko National University of Kyiv. Economics, ;
member 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 (Chech Republic), .

Prof. J. Ru啪evi膷ius&苍产蝉辫;鈥�

editor-in-chief, peer-reviewed journal Current Issuesof Business and Law: Research Papers,
member of International Guild of Quality Professionals, , ;
president of Lithuanian Society of Commodity Science,
honorary member of Lithuanian Association for Quality Management and Innovations,
editorial board member of the international journal Commodities and Markets (Ukraine), ;
editorial board member of the international journal Forum Ware International,Vienna University, IGWT, DGWT, OGWT, , ,
scientific board member of the International Journal of Business: Innovations, Psychology and Economics, , ;
editorial board member of the international journal Quality: Access to Success (Scopus, Romania, Bucharest),
editorial board member of the international journal Standards and Quality (小褌邪薪写邪褉褌褘懈泻邪褔械褋褌胁芯) (Russia), ; ;
editorial board member of the international journals Altyn Sapa(A谢褌褘薪 Ca锌a - Gold Quality), Quality Management (袦械薪械写卸屑械薪褌泻邪褔械褋褌胁邪) Almata (Kazakhstan).

Prof. D. Serafinas 鈥�

president of Lithuanian Association for Quality Management and Innovations, ;
president of International Guild of Quality Professionals, ;
member of the Editorial & Review Board of the international journal Quality Issues and Insights in the 21st Century, ;
member of the Board of the Lithuanian Small and Medium Business Council under the Ministry of Economy of the Republic of Lithuania, ;
scientific board member of the journal International Journal of Business: Innovations, Psychology and Economics, ;
head of COST project The voice of research administrators - building a network of administrative excellence (BESTPRAC) (Lithuanian Scientific Council), .

DEPARTMENT OF MARKETING

Room 817, 9 Saul臈tekio, 01222, Vilnius

Tel. 236 6146, fax. 236 6148,

E-mail:

Head 鈥� Prof. Dr. S. Urbonavi膷ius

STAFF

Professors: Dr. S. Urbonavi膷ius, Dr. V. Dik膷ius.
Associate professors: Dr. A. Jonkus, Dr. E. 艩eimien臈, Dr. M. Degutis, Dr. A. Gai啪utis, Dr. J. Gineikien臈, Dr. R. 膶asas, Dr. I. Pikturnien臈.
Research fellows: Dr. T. Palaima, Dr. K. Adomavi膷i奴t臈, Dr. J. Reardon.
Assistants: Dr. K. Adomavi膷i奴t臈, R. Paulien臈.
Junior assistants: I. Radavi膷ien臈, V. Kadu拧kevi膷i奴t臈, S. Kir拧臈, I. Zimaitis.
Lecturer: Dr. M. Kavaliausk臈.
Doctoral students: R. Andrulien臈, J. Filimon, I. Radavi膷ien臈, 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. Urbonavi膷ius. 2015鈥�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鈥�2017.

The research project concentrates on studying increasing adolescents impact on parents鈥� purchase decisions, especially, when buying innovative products. The goal of the project is to determine adolescent鈥檚 impact on parents鈥� decision to purchase innovative goods, and to draw the typology of innovative goods (from the consumer perspective) depending on the adolescent鈥檚 impact on parents鈥� 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鈥�158; doi: 10.1108/YC-11-2016-00647.

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

Urbonavi膷ius, S., Palaima, T., Radavi膷ien臈, I., Cherian, J. 2017. Push and pull factors of senior travelers: the lingering influence of past restrictions. Market-Tr啪i拧te, vol. 29, no. 1, p. 93鈥�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鈥�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. Urbonavi膷ius 鈥�

member of the Research Council of Lithuania;
member of Academy of Marketing Science;
honorary member of Lithuanian Marketing Association;
editor-in-chief of the journal Organizations and Markets in Emerging Economies, ;
editorial board member of the journal Trziste (Market), Zagreb University, ;
editorial board member of the journal Management, ;
editorial board member of the journal Ekonomika (Economics), .

Prof. V. Dik膷ius 鈥�

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. Gai啪utis 鈥�

member of Lithuanian Marketing Association;
coordinator of national support group of Lithuania for Forest-Based Sector Technological Platform in EU, ;
coordinator of national technology platform of Lithuania for Forest-Based Sector, ;
member of working group, CEPF- Conf茅deration Europ茅enne des Propri茅taires Forestiers, ;
member of the Board, vice-president, ELO- European Landowners Organisation, ;
expert of EU Civil dialogue group on forestry and cork, the Directorate-General for Agriculture and Rural Development, ;
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, ;
chairman of the Forest Owners Association of Lithuania, ;
editor of web portal lietuvosmiskai.lt, ;
member of Council of Lithuanian Chamber of Agriculture, ;
chairman of organization committee of annual conference Mi拧kas-啪mogui, 啪mogus-mi拧kui.

Dr. M. Degutis 鈥�

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

Dr. J. Gineikien臈鈥�

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. 艩eimien臈鈥�

member of Lithuanian Marketing Association (LiMA).

Dr. R. Paulien臈鈥�

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

Dr. T. Palaima 鈥�

member of the Society for Studies in Organising Healthcare.

Dr. M. Kavaliausk臈鈥�

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

I. Radavi膷ien臈 -

member of Lithuanian Marketing Association (LiMA);
president of Young Leaders Club 鈥滿ove up鈥�.

DEPARTMENT OF QUANTITATIVE METHODS AND MODELING

Room 811, 9 Saul臈tekio, 01222, Vilnius

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

Head 鈥� Prof. Dr. Linas 膶ekanavi膷ius

STAFF

Professors: Dr. L. 膶ekanavi膷ius, Dr. G. Kasnauskien臈, Dr. J. Martinavi膷ius (part-time), Dr. T. Medaiskis.
Associate professors: Dr. T. Bale啪entis (part-time), Dr. A.Bartkus, Dr. V. Karpu拧kien臈, Dr. V. K臈daitis, Dr. R. Valkauskas.
Lecturers: Dr. D. Kulikauskas (part-time), Dr. 艩. Eiro拧ius (part-time), K. Zitikyt臈 (part-time),
Junior assistant: V. Petryl臈 (part-time).
Doctoral students: J. Karmelavi膷ius, K. Kirilauskait臈, K. Michnevi膷, R. Rub膷inskait臈, K. Zitikyt臈.

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. 膶ekanavi膷ius.

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鈥� 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鈥�62.

Kasnauskien臈, G., Michnevi膷, K. 2017. Contribution of increased life expectancy to economic growth: evidence from CEE countries. International Journal of Economic Sciences, vol. 6(2), p. 82鈥�99.

Kulikauskas, D. 2017. The user cost of housing in the Baltic States. Journal of European Real Estate Research, Nr. 10(1), p.17鈥�34; .

National Research Projects

Research Council of Lithuania. Modelling of Participation Strategy in the Second Pillar Pensions System. (Project No. MIP-012/2015). Project coordinator: 91桃色. 2015鈥�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鈥�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. 膶ekanavi膷ius 鈥�

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. Kasnauskien臈鈥�

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 鈥� CREBSS, Croatia.

Prof. J. Martinavi膷ius 鈥�

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

DEPARTMENT OF THEORETICAL ECONOMICS

Room 510, 9 Saul臈tekio, 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. Klima拧auskien臈, Dr. R. Paliulyt臈, Dr. A. Rastenien臈, Dr. E. Ulvidien臈.
Lecturer: N. Ramanausk臈.
Doctoral students: N. 膶erniauskas, 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鈥�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鈥� carbon emissions in the post-soviet transition nations. Environmental Research Letters, vol. 12, no 4, art. no. 044009, p. 1鈥�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鈥�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鈥�2017. Prof. R. Lazutka (principal researcher), Assoc. Prof. E. Dunajevas, Dr. J. Navick臈, Assoc. Prof. D. Sku膷ien臈 (participants).

This research project on income distribution in the Baltics is carried out by a group of researchers at 91桃色. 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:

Razg奴n臈, A., Lazutka, R. 2017. Labor share in national income: implications in the Baltic countries. Review of Economic Perspectives, vol. 17, no. 2, p. 121鈥�139.

Navick臈, 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鈥�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., Povili奴nas A., 沤alimien臈 L. 2017. Lithuania to tackle deficiencies in the policy on the protection of children鈥檚 rights and child welfare. ESPN Flash Report 2017/26. Brussels: European Commission, 2 p.

Lazutka, R., Povili奴nas, A., 沤alimien臈, 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) ()
Lithuanian Centre for Social Research ( )
Lithuanian Ministry of Social Security and Labour ( )

OTHER SCIENTIFIC ACTIVITIES

Prof. R. Lazutka&苍产蝉辫;鈥�

member of the Lithuanian Academy of Sciences, ;
board member of the ESPAnet Baltics (Baltics Association of The European Network for Social Policy Analysis), ;
European Social Policy Network - Lithuanian expert, European Commission DG Employment and Social Affairs, ;
member of Lithuanian Sociological Association, ;
deputy editor-in-chief of the journal STEPP Socialin臈 teorija, empirija, politika ir praktika (Social Theory, Empirics, Policy and Practice) (91桃色), ;
editorial board member of the journal Ekonomika (Economics), .

Dr. R. Rastenien臈&苍产蝉辫;鈥�

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

Dr. V. Giedraitis&苍产蝉辫;鈥�

managing editor of the journal Ekonomika (Economics).