91桃色

Faculty of Economics and Business Administration

Faculty of Economics and Business Administration

Sukurta: 11 May 2022

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Saul臈tekio al. 9, bld 2, LT-10222 Vilnius
Tel. 236 6126
E-mail:

Dean 鈥 Prof. Dr Aida Ma膷erinskien臈

 

 

STAFF

108 teachers (incl. 75 holding research degree), 31 research fellows (incl. 23 holding research degree), 42 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
Center for Expertise in Economics

RESEARCH AREAS

The analysis, modeling and management of social and economic development in Lithuania

DOCTORAL DISSERTATIONS MAINTAINED IN 2021

Indr臈 Radavi膷ien臈. The importance of emotional reactions, perceived price fairness and perception of product quality in assessing the impact of price change on the intention to buy.
Sigita Kir拧臈. The influence of personal characteristics, gratitude and satisfaction on consumers鈥 intention to spread positive feedback on social media.
Laura Girlevi膷ien臈. The impact of state aid for workers with disabilities on their living conditions.
Nerijus 膶erniauskas. Impact of selected taxes and transfers on income inequality in Lithuania.
Viktorija Di膷pinigaitien臈. The evaluation of the impact of the stock exchange-traded funds arbitrage activity on the co-movement of equities鈥 market values changes.
Kristina Zitikyt臈. Labor market participation of older workers in Lithuania: factors affecting employment in old age.

MAIN CONFERENCES ORGANIZED IN 2021

Vilnius Winter Meeting 2021, Vilnius, Lithuania. The 10th Annual Lithuanian Conference on Economic Research, hosted by the Bank of Lithuania and 91桃色, virtually, 28 December 2021.

International conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality, 25鈥26 November

CEFER/VU/KTU workshop virtually, 17 September 2021,
Gender Gaps Conference 2021 (joint with GRAPE):

MAIN SCIENTIFIC ACHIEVEMENTS IN 2021

Li, W., Liu, E., Bale啪entis, T., Jin, H., 艩treimikien臈, D. Association between socioeconomic welfare and depression among older adults: evidence from the China health and retirement longitudinal study. Social Science & Medicine. 2021, 275: 113814.

膶erniauskas, N., Sologon, D., O鈥橠onoghue, C., & Tarasonis, L. Income inequality and redistribution in Lithuania: the role of policy, labour market, income and demographics. Review of Income and Wealth. 2021. DOI:10.1111/roiw.12546.

Micro-level responses to socio-economic challenges in the face of global uncertainties. Principal investigator: Dr P. Lastauskas. The project benefits from a 鈧843 310 grant from Iceland, Liechtenstein and Norway through the EEA Grants. Project contract with the Research Council of Lithuania No. S-BMT-21-8 (LT08-2-LMT-K-01-073).


DEPARTMENT OF ACCOUNTING AND AUDITING

Saul臈tekio al. 9, bld 2 - 610, LT-10222 Vilnius
Tel. 236 6153
E-mail:
Head 鈥 Prof. Dr Rasa Suba膷ien臈

STAFF

Professors Emeritus: Dr Habil. V. Lakis, Dr Habil. J. Mackevi膷ius.
Professors: Dr R. Suba膷ien臈.
Associate professors: Dr D. Tamulevi膷ien臈, Dr K. Senkus, Dr R. Budrionyt臈.
Assistants: Dr I. Kamarauskien臈, Dr D. Vaicekauskas, Dr G. Jurkonien臈 (Venckevi膷i奴t臈).
Lecturers: V. Savickas, E. Kudre拧ova.
Doctoral students: D. Razi奴nien臈, A. Masiulevi膷ius, A. 艩alien臈, D. Bachtijeva.

RESEARCH INTERESTS

Evaluation of the development of the financial accounting in new economic reality, manipulation of accounting information, the future of the profession
The development of financial analysis science and its role in business under economic crisis
Evaluation of the issues of cost accounting and production costing, new approaches of management accounting
Investigation of methodology, procedures, quality of different audit types

RESEARCH PROJECTS CARRIED OUT IN 2021

Projects Supported by University Budget

Researches on Evaluation of the Development of Financial Accounting, Audit Types and System, Development of Management Accounting. Prof. Rasa Suba膷ien臈. 2021鈥2023.

The fourth international scientific conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality was organised and held on 25鈥26 November 2021. It included main topics of the transformation of accounting, audit and analysis science and practices in new economic reality supported by the presentations and discussions of the scientists of the department as well as related publications.

Main publications:

Tamulevi膷ien臈, D., Mackevi膷ius, J. I拧laid懦 apskaitos ir produkcijos savikainos kalkuliavimo problemos: retrospektyvus ir perspektyvus kontekstas [The Issues of Cost Accounting and Production Costing: The Retrospective and Perspective Context]. Monograph. Vilnius: 91桃色 Press. 2021, 328 p.

Suba膷ien臈, R. (compil.), Tamulevi膷ien臈, D. (compil.). Accounting, audit, analysis: transformation of science and business in new economic reality: international scientific conference, 25鈥26 November 2021. Book of extended abstracts. Vilnius: 91桃色 Press, 133 p. DOI: 10.15388/Transformation-of-science-and-business.2021.

Bachtijeva, D., Tamulevi膷ien臈, D. The relationship between the creative accounting and corporate social responsibility: unfair advantage and a threat to the economic well-being. New Challenges in Economic and Business Development 鈥 2021: Post-Crisis Economy, 13th international scientific conference, 14 May 2021, Riga: proceedings. R墨ga : University of Latvia, 2021: 44鈥53.

National Research Projects

European Social Fund. Evaluation of the Strategic Management Accounting Instruments in Lithuanian Companies No 09.3.3-LMT-K-712-22-0182. 01 October 2020鈥30 April 2021.

The purpose of the activity is to improve the student's scientific qualification by carrying out practical scientific activities, exchange of scientific ideas, promoting the development of scientific communication. The implementation of the measure is managed by the Ministry of Education, Science and Sport of the Republic of Lithuania and the Research Council of Lithuania.

Main publication:

Medeckyt臈, K., Tamulevi膷ien臈, D. Strategin臈s valdymo apskaitos instrument懦 啪inomumo ir taikymo Lietuvos 寞mon臈se tyrimas [Research on the awareness and application of strategic management accounting instruments in Lithuanian companies]. Buhalterin臈s apskaitos teorija ir praktika (Accounting Theory and Practice). Vilnius: 91桃色 Press. 2021, 23. DOI: 10.15388/batp.2020.29.

International Research Projects

Contractual Research

Training courses for Communications Regulatory Authority of the Republic of Lithuania (Lietuvos Respublikos ry拧i懦 reguliavimo tarnyba), 12 ac. hours (May 2021) on topics of: Basics of Financial Accounting, R. Budrionyt臈, Basics of Financial Analysis, K. Senkus, Marginal Profit and Its Role in Management Decisions, D. Tamulevi膷ien臈.

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

National Audit Office of Lithuania (Lithuania)
The 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 鈥

  • deputy editor-in-chief of the journal Transformation in Business & 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 Przedsi臋biorstwo&Finanse (Business & Finance), Poland

Prof. R. Suba膷ien臈 鈥

  • chair of the scientific committee of international scientific conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality;
  • chair of the organisation committee of international scientific conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality;
  • chief editor of the journal Buhalterin臈s apskaitos teorija ir praktika (Accounting Theory and Practice),
  • editorial board member of the journal Zeszyty Teoretyczne Rachunkowo艣ci,
  • editorial board member of the journal Apskaitos ir finans懦 mokslas ir studijos: problemos ir perspektyvos (Science and Studies of Accounting and Finance Problems and Perspectives),
  • editorial board member of the social science journal Latgale National Economy Research,
  • editorial board member of the journal ETAP (Economic Theory, Analysis, Practice),

Assoc. Prof. D. Tamulevi膷ien臈 -

  • member of the scientific committee of international scientific conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality;
  • member of the organisation committee of international scientific conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality;
  • vice editor of the journal Buhalterin臈s apskaitos teorija ir praktika (Accounting Theory and Practice),

Assoc. Prof. K. Senkus -

  • member of the scientific committee of international conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality;
  • member of the organisation committee of international conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality.

Assoc. Prof. R. Budrionyt臈 -

  • member of the organisation committee of international conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality.

D. Razi奴nien臈 -

  • member of the organisation committee of international conference Accounting, Audit, Analysis: Transformation of Science and Business in New Economic Reality.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Bachtijeva, Diana; Tamulevi膷ien臈, Daiva. The relationship between the creative accounting and corporate social responsibility: unfair advantage and a threat to the economic well-being. New Challenges in Economic and Business Development 鈥 2021: Post-Crisis Economy: 13th international conference, 14 May 2021, Riga, Latvia.

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

  • Rasa Suba膷ien臈 鈥 deputy Chair of the Sectoral Professional Committee on Financial and Insurance Activities, Accounting, Bookkeeping and Auditing, Real Estate Operations; member of the Audit Quality Committee at The Lithuanian Chamber of Auditors (LCA); member of European Accounting Association; member of Asia-Pacific Management Accounting Association.
  • R. Budrionyt臈 鈥 member of Business Accounting Standards Committee under the Ministry of Finance of Lithuania; member of Commission of the Experts and Assessors of the Auditors鈥 Qualification Examinations at The Lithuanian Chamber of Auditors.
  • D. Tamulevi膷ien臈 鈥 member of Asia-Pacific Management Accounting Association.
  • 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.
  • D. Razi奴nien臈 鈥 member of Lithuanian Association of Internal Auditors; member of the Institute of Internal Auditor, USA.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

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


DEPARTMENT OF BUSINESS

Saul臈tekio al. 9, bld 2 鈥 517, LT-10222, Vilnius
Tel. 236 6007
E-mail:
Head 鈥 Assoc. Prof. Dr 沤ilvinas 沤idonis

STAFF

Professors: Dr A. Ma膷erinskien臈, Dr L. Belinskaja.
Associate professors: Dr E. Vaiginien臈, Dr A. Fominien臈, Dr A. Jar啪emskis, Dr A. Ulbinait臈, Dr J. 沤emgulien臈, Dr E. Rudien臈, Dr M. Mork奴nas, Dr 沤. 沤idonis.
Associate professors of practice: Dr P. Nezabitauskas, Dr R. Tamo拧i奴nas, Dr T. Mart奴nas.
Assistant professor: Dr L. Pilukien臈.
Junior assistant professor: G. Baublys.
Lecturers: Dr. K. 艩erpytis, D. Liu膷vaitis, 沤. Jokim膷i奴t臈.
Doctoral students: V. Grigaitien臈, V. Bielin臈.

RESEARCH INTERESTS

Business process management
Change management
Global value chains
Clustering
Supply chain management
Business creation and entrepreneurship
Offshoring and outsourcing
Service industry management
Business risk management
Intellectual capital
Management learning

RESEARCH PROJECTS CARRIED OUT IN 2021

Projects supported by University Budget

Managerial Learning in Offshoring: the Role of Cognitive Distance. Dr 沤. 沤idonis.
Project start: the fall of 2021.

By focusing on individual learning effects project aims to explain how offshoring processes impact managerial learning in offshoring host company. In order to capture changes (if any) in management mindsets and understandings we employ the conceptual framework of cognitive distance (CD) perspective. It is widely accepted, that the average CD between managers in offshoring companies, and the diversity of individual cognitions will be greater than that within countries. However, weakly connected life paths of managers from different countries can be a source of value for organization, and cognitive distance provides an opportunity to connect different knowledge domains enhancing learning outcomes in organizations. On the other hand, cognitive distance may also be problematic if it cannot be bridged sufficiently.

National Research Projects

The Development of Block-Based Intercompany Billing System to Speed up Post-Pandemic Recovery of Tourism Services Consumption. Prof. Dr Aida Ma膷erinskien臈. Funded by Lithuanian Research Council, Smart Specialization Program. Grant 01.2.2-LMT-K-718-05-0081.

The aim of the project is to explore possibilities of implementing block-based billing system to promote tourism services consumption after COVID-19 pandemic lock-down. The creation of blockchain as one of FinTech's innovations for cryptographic currencies has increased the efficiency of payment transactions, providing new opportunities and a competitive advantage for citizens and business organizations. The project develops a prototype of a technical solution for a block-based mobile virtual currency payment application, and the prototype is implemented and tested in tourism service company.

International Research Projects

Arqus Research and Innovation.

The Arqus R&I project aims to enhance the research and innovation dimension of the Alliance鈥檚 activities and to address current global societal challenges through intensified joint research, characterised by the pursuit of excellence, openness, transparency and effective engagement with society. Assistant Professor Dr. Laura Pilukien臈. Expert in WP4.

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

Enterprise Lithuania (Lithuania)
Invest Lithuania (Lithuania)
State Department of Tourism under the Ministry of Economy (Lithuania)
Aalborg University, Department of Business and Management (Denmark)
Uppsala University, Department of Business Studies (Sweden)
Dalarna University, School of Technology and Business Studies (Sweden)
Romanian Academy, National Institute for Economic Research, Institute for Economic Forecasting, Bucharest (Romania)
National Taipei University of Technology, Department of Business Management, Taipei (Taiwan)

OTHER RESEARCH ACTIVITIES

Prof. L. Belinskaja 鈥

  • member of European Qualifications Framework;
  • Qualifications and Vocational Education and Training Development Centre, Sectoral Professional Committee of Finance and Insurance.

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 Organizational Commitee of EuRun-BIS Symposium.

Assoc. Prof. A. Ulbinait臈 鈥

  • editorial board member of the journal Czech Journal of Social Sciences, Business and Economics,
  • editorial board member of the journal Acta Avada,

Assoc. Prof. 沤. 沤idonis 鈥

  • editorial board member of the journal Public Policy and Administration,

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

  • Prof. Dr A. Ma膷erinskien臈 on Lithuanian national TV and radio broadcaster news portal LRT.lt. Why politicians don鈥檛 like research on awkward topics?
  • Prof. Dr A. Ma膷erinskien臈 on Lithuanian national TV and radio broadcaster news portal LRT.lt. Whether Strategy "Lithuania 2050" will be based on research or on stereotypes?
  • Assoc. Prof. Dr Mangirdas Mork奴nas on international news portal Emerging Europe. Two main challenges Lithuanian agriculture sector will face next year.


DEPARTMENT OF ECONOMIC INFORMATICS

Saul臈tekio al. 9, bld 2 - 309, LT-10222 Vilnius
Tel. 236 6139
E-mail:
Head 鈥 Prof. Dr Rimvydas Skyrius

STAFF

Professors: Dr R. Skyrius, Dr D. Krik拧膷i奴nien臈 (part-time), Dr T. Limba (part-time)
Associate professors: Dr M. Krutinis, Dr T. Petkus (part-time), Dr A. Simanaitis (partnership associate prof.).
Assistant professors: Dr M. Kazimianec, Dr S. Nemitko, Dr G. Rum拧as.
Lecturers: J. Lankutis, A. Rykov臈, I. Sirtautas, S. U拧urliakien臈, T. Mak膷inskas, A. Gavrilov, A. Gustainien臈, J. 膶esnakauskas.
Doctoral student: J. Valentukevi膷臈.

RESEARCH INTERESTS

Analysis and design of business information infrastructure
Application of information and communication technologies in business and government structures
Business intelligence in contemporary organization: culture, agility, value
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 2021

Projects Supported by University Budget

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

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), business intelligence and analytics systems. The focal point of this direction is the key long-term factors of value creation by providing advanced informing functions of business intelligence and analytics to serve complex business information needs. A recent concentration area is the managerial and human factors of satisfying complex business information needs, encompassing business intelligence culture and agility issues.

Main publications:

Skyrius, R. Business Intelligence: A Comprehensive Approach to Information Needs, Technologies and Culture. 2021. Cham, Switzerland: Springer Nature.

Skyrius, R., Krutinis, M., Nemitko, S., Valentukevi膷臈, S., Gulbinovi膷, A. N., Sanosianait臈, M. Informing Agility in the Context of Organizational Changes. Informing Science. 2021, 24: 19鈥30.

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

Informing Science Institute (USA)
IT Summit (Lithuania)
Texas Southern university (USA)
Katowice University of Economics, Poland

OTHER RESEARCH ACTIVITIES

Prof. R. Skyrius 鈥

  • editorial board member of the journal Ekonomika,
  • editorial board member of the journal Organizations and Markets in Emerging Economies, .


DEPARTMENT OF ECONOMIC POLICY

Saulet臈kio al. 9, bld 2, LT-10222 Vilnius
E-mail:
Head 鈥 Assoc. Prof. Dr Giedr臈 Dzemydait臈

STAFF

Professors: Dr A. Mi拧kinis (since 01 September 2021 part-time).
Associate professors: Dr A. Burinskas, Dr V. Cohen, Dr J. Dro啪dz (part-time), Dr G. Dzemydait臈, Dr A. Lau啪adyt臈-Tutlien臈, Dr L. Urb拧ien臈.
Assistant professors: Dr B. 艩idlauskait臈-Riazanova (part-time), Dr Rima Rub膷inskait臈 (part-time).
Lecturer: O. M. Vy拧niauskait臈 (part-time).
Doctoral students: K. Bielskis, I. Jokubaitien臈, M. Bureika (from 01 October 2021), T. Burneika (from 01 October 2021), L. Girlevi膷ien臈 (till 22 June 2021), 沤. Baranauskas (till 30 September 2021).

RESEARCH INTERESTS

Modernisation of the economy and public economic policy
Innovations and investments in the modernisation of economy
European economic integration and synchronization of business cycles
The impact of international relations on economic growth
Regional development in the EU and Lithuania
Competition economics and policy in the EU and Lithuania
Social and labor market policy measures
Monetary and fiscal policy

RESEARCH PROJECTS CARRIED OUT IN 2021

Projects Supported by University Budget

Challenges and Solutions of the European Union and Lithuanian Economy Modernization. Prof. A. Mi拧kinis. Assoc. Prof. G. Dzemydait臈. 2020鈥2024.

The aim of the Department is to study the economic policy measures of the European Union and Lithuania that affected the further growth of the economy and prosperity. Researchers of the Department presented their research findings in scientific publications and international conferences.

Main publications:

Vaiginien臈, E., Paulien臈, R., Urb拧ien臈, L. Hidden Champions of Lithuania. In: Hidden champions in dynamically changing societies: critical success factors for market leadership. Bra膷ek Lali膰 A., Purg D. (Eds). 2021, Springer, 239鈥261. DOI: 10.1007/978-3-030-65451-1_17.

Saraji, M. K., 艩treimikien臈, D., Lau啪adyt臈-Tutlien臈, A. A novel Pythogorean fuzzy SWARA-CRITIC-COPRAS method for evaluating the barriers to developing business model innovation for sustainability. Handbook of research on novel practices and current successes in achieving the sustainable development goals. Cristina Raluca Gh. Popescu (Eds.). IGI Global. 2021, 1鈥31. DOI: 10.4018/978-1-7998-8426-2.

Dzemydait臈, G. The impact of economic specialization on regional economic development in the European Union: insights for formation of smart specialization strategy. Economies. 2021, 9(2): 1鈥15. DOI: 10.3390/economies9020076.

National Research Projects

Research Council of Lithuania. COVID-19 Challenges and Implications: Modeling the Future Scenario for International Trade and Foreign Direct Investment in Eastern European Countries, No S-MIP-21-28. Research Group 鈥 V. Cohen, J. Dro啪dz, A. Burinskas.

The active spread of COVID-19 infection and the resulting containment measures have made it clear that both supply and demand are experiencing shocks and global production networks are being disrupted on an unprecedented scale. Therefore, the project aims to assess the challenges and implications of the COVID-19 pandemic for international trade and foreign direct investment (FDI) in Eastern European countries and to model future scenarios and possible development trends. The study aims to identify indicators of international trade and FDI and their correlations before the COVID-19 pandemic and perform a comparative analysis of Eastern European countries; to determine the impact of COVID-19 on the selected indicators and to assess their interrelationship in Eastern European countries.

Research Council of Lithuania. Changes in the Economic Structure, Efficiency of Economic Sectors and Increasing Productivity. Dr G. Dzemydait臈, Prof. A. Mi拧kinis. 2020鈥2022.

The aim of the project is to evaluate an efficiency of economic sectors of the EU countries and regions, and to give suggestions for increasing productivity and development of smart specialization strategies.

International Research Projects

European Social Fund. Reassessment of the Optimum Currency Area in the Persistently Heterogeneous European Union (Euro4Europe). Dr S. Kapounek. 2018鈥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.

Two international events were organized in 2021: 1) International research workshop The Impact of Economic Integration on Regional Business Cycles Synchronization, 7 May 2021, 2) International conference Reassessment of the 鈥極ptimal Currency Area鈥 theory in the persistently heterogeneous European Union, 9鈥10 September 2021, online and f2f.

Joint Enterprise and University learning (JEUL). Erasmus+. Project coordinator 鈥 Siena University (Italy). Partners from 8 universities involved. 2018鈥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.

Promoting and Implementing Training on Entrepreneurship, Innovation and Creativity in Higher Education (PITCH). Knowledge Alliance under the Erasmus+ Program by European Commission. Leading partner - The University of Duisburg-Essen. 2019鈥2021.

The central focus of the project is the acquisition and validation of competences related to entrepreneurship, creativity and innovation. This is particularly important in view of the fact that these have not yet been thoroughly integrated into European higher education, either in the curricula or in internship programmes. If we perceive 鈥渆ntrepreneurship and initiative鈥 as an overarching 鈥渒ey competence鈥, as promoted by the Commission in 2006 and updated in the Qualifications Agenda in 2018, the university should introduce it in an overarching modular way and not only in specific fields of study such as economics.

DEveloping DAta Literacy courses for University Students (DEDALUS). Knowledge Alliance under the Erasmus+ Program by European Commission. Leading partner: Istituto per le Tecnologie Didattiche (ITD). 2019鈥2021.

DEDALUS will develop and pilot an approach to tackle the data-driven competence issues based on a long-term partnership of educational partners who have either worked in digital literacy and digital education projects or on competence oriented learning and validation of non-formal and informal learning. On the basis of a sound stocktaking on successful approaches on how to include data literacy in university programmes, it will set up a framework of competences on data literacy, taking in due consideration also the demand of the business sector.

Data Literacy at the Interface of Higher Education and Business (DATALIT). Knowledge Alliance under the Erasmus+ Program by European Commission. Leading partner: Istituto per le Tecnologie Didattiche (ITD). 2020鈥021.

A joint research project to spread Data Literacy at the interface of higher education and business. It is aimed to lay the ground for the integration of data literacy as transversal topic in potentially all university courses, by identifying and developing common syllabus and innovative teaching and learning approaches. Data Literate project has a well-defined and very specific mission to capacitate educators in Digital Data Literacy (DDL), through continuous professional development (CPD) initiatives and hands-on, collaborative approach which will allow not just teachers, but also school leaders and students to increase their Digital Competences, in particular those related with digital data literacy for education. By actively contributing to teachers鈥 high-quality CPD in the field DDL and through a holistic, collaborative approach which brings together school communities, as well as training & data literacy experts, the project will not only tackle specific European education challenges bought up by COVID19, but will at the same time address the Commission proposes to consolidate ongoing efforts and further develop the European Education Area along with dimensions to improve basic skills, including digital competences, facilitate international cooperation between education institutions, assure teachers and trainers have opportunities for continuous professional development. The project has been funded within the European Commmission鈥檚 Erasmus+ Program as a Strategic Partnerships in Response of The Covid-19 Situation

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

University of Siena (Italy)
University Duisburg-Essen (Germany)
BLINC (Blended Learning Institutions Cooperative) (Germany)
Consiglio Nazionale Delle Ricerche (Italy)


DEPARTMENT OF FINANCE

Saulet臈kio al. 9, bld 2, LT-10222 Vilnius
Tel. 236 6142
E-mail:
Head 鈥 Assoc. Prof. Dr Deimant臈 Teresien臈

STAFF

Professor: Dr R. Kanapickien臈.
Associate professors: Dr G. Keliuotyt臈-Staniul臈nien臈, Dr A. 艩apkauskien臈, Dr An. Laurinavi膷ius (part-time), Dr Al. Laurinavi膷ius (part-time), Dr E. Bikas, Dr J. Karta拧ova (part-time), Dr D. Saikevi膷ius.
Assistants: Dr L. Jurk拧as, Dr. M. Valukonis.
Junior sssistant: Ahmad Kaab Omeir.
Lecturers: N. 膶in膷ikas, Dr S. 艩iaudinis.
Doctoral students: R. Guobu啪ait臈, R. Bruzg臈, Ahmad Kaab Omeir, V. Kvietkauskas, A. Jakubauskait臈.

RESEARCH INTERESTS

Sustainable and responsible investments in private and public sectors
Financial ethics and artificial intelligence
Financial technologies
Public finance issues
Strategic finance management
Behavioural economics
Risk management
Central banking challenges

RESEARCH PROJECTS CARRIED OUT IN 2021

National Research Projects

Research Council of Lithuania (LMT SMART). Model for Assessing the Economic Behavior and Credit Risk of Participants in Loan Comparison Platforms Like Fintech in the Context of COVID-19. The project is funded from European Regional Development Fund (No. - 13.1.1-LMT-K-718-05-0010). Dr Rasa Kanapickien臈, Dr Deimant臈 Teresien臈, Dr Greta Keliuotyt臈-Staniul臈ni臈n臈, et al.

The aim of the project is to create, test and demonstrate in a real environment a model of economic behaviour and credit risk assessment of participants of loan comparison platforms, which would contribute to solving the problem of borrowing opportunities for individuals under COVID-19 conditions in Lithuania.

Research Council of Lithuania (LMT SMART). Implementation of a Blockchain Based Billing System to Promote the Use of Tourism Services After the COVID-19 Pandemic. The project is funded from European Regional Development Fund (No. - 13.1.1-LMT-K-718-05-0006). Dr. Alfreda 艩apkauskien臈, et al.

The aim of the project is to explore the possibilities of implementing a block-based billing system to promote the use of tourism services after the COVID-19 pandemic.

Research Council of Lithuania. Bibliometric Analysis of Central Bank Digital Currency. The project is funded from European Social Fund (No. 09.3.3-LMT-K-712-24-0219). Dr Alfreda 艩apkauskien臈, I. Turskyt臈.

The goal of this project is to perform a bibliometric analysis of central bank鈥檚 digital currency research. Recently, bibliometric research has become a new and viable field of research, given the importance of evaluating scientific output. The results of the bibliometric research will benefit both Lithuanian and foreign researchers and practitioners in deepening their scientific and practical knowledge in order to fully understand and evaluate the central bank's digital currency (CBDC) research directions, research topics, the most popular scientific publications, CBDC-related publications, research-leading researchers according to their citation, countries and keywords of publications. The results, conclusions and recommendations of the research will be presented in the scientific activity report.

European Social Fund under grant agreement with the Research Council of Lithuania (LMTLT).The Role of Bitcoin as an Investment Asset in Economic Policy Uncertainty (COVID - 19) (09.3.3-LMT-K-712-22-0334). Research Group 鈥 Assist. Prof. A. 艩apkauskien臈, G. Statulevi膷i奴t臈.

The aim of the project is to investigate the role of Bitcoin as an investment asset in the economy in the face of the global crisis - COVID - 19.

European Social Fund under grant agreement with the Research Council of Lithuania (LMTLT). Counterparty Credit Risk Assessment in the Context of the COVID-19 Pandemic (09.3.3-LMT-K -712-22-0365). Research Group 鈥 Assoc. Prof. D. Teresien臈, B. Gudavi膷i奴t臈.

The goal of this project is to develop a valuation model, after examining the theoretical aspects of counterparty credit risk, which would support risk management decisions in COVID-19 pandemic situation and would also benefit risk management decisions during other economic and financial crises.

International Research Projects

COST Project Fintech and Artificial Intelligence in Finance - Towards a Transparent Financial Industry, CA19130. Research Group - Assoc. Prof. D. Teresien臈, Prof. R. Kanapickien臈. March 2020鈥揂pril 2024.

The key objectives are: to improve transparency of AI supported processes by developing a data-driven rating methodology for ICOs; to address the disparity between the proliferation in AI models within the financial industry for risk assessment and decision-making, and the limited insight the public has in its consequences by developing policy papers and methods; to increase transparency to develop methods to scrutinize the quality of rule-based 鈥渟mart beta鈥 products across the asset management, banking and insurance industry.

Contractual Research

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

Bank of Lithuania (Lithuania)

OTHER RESEARCH ACTIVITIES

Prof. Dr R. Kanapickien臈 鈥

  • editorial board member of the journal Buhalterin臈s apskaitos teorija ir praktika,
  • editorial board member of the journal Science and Studies of Accounting and Finance: Problems and Perspectives,
  • editorial board member of the journal Transformations in Business and Economics 鈥 TIBE. 91桃色, Lithuania; Brno University of Technology, the Czech Republic; University of Latvia, Republic of Latvia;
  • editorial board member of the Sage Open,

Assoc. Prof. Egidijus Bikas 鈥

  • editorial board member of the journal Buhalterin臈s apskaitos teorija ir praktika,

Assoc. Prof. Greta Keliuotyt臈-Staniul臈nien臈 鈥

  • editorial board member of the journal Economics and Culture,

Assoc. Prof. Deimant臈 Teresien臈 鈥

  • editorial board member of the Malaysian E Commerce Journal, Volkson Press,
  • editorial board member of the Journal of Business Theory and Practice,
  • editorial board member of the IETI Transactions on Social Sciences and Humanities, DOI:10.6896/IETITSSH, Malaysia, United States, Hong Kong,
  • member of International Research Institute for Economics and Management (IRIEM),
  • member of International Engineering and Technology Institute,
  • member of Institute of Data Science and Artificial Intelligence,
  • member of Professional Risk Managers鈥 International Association;
  • member of GARP (Global Association of Risk Professionals);
  • member of CFA (Certified Financial Analyst) Institute.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Rasa Bruzg臈, Alfreda 艩apkauskien臈. 2021 IEEE International Conference on Technology and Entrepreneurship (ICTE). A Bibliometric Analysis of Bitcoin.
  • Deimante Teresiene, Ahmad Kaab Omeir. 36th EBES Conference 鈥 Istanbul. The Role of Central Banks in Climate Risk Management: The Case of Green Bonds in Foreign Reserves. 1鈥3 July 2021, Istanbul, Turkey.
  • Deimante Teresiene. WIDSSF 2021 - 1st Workshop on Intelligent Decision Support Systems in Fintech CIICESI - Centro de Inova莽茫o e Investiga莽茫o em Ci锚ncias Empresariais e Sistemas de Informa莽茫o Instituto Polit茅cnico do Porto, Escola Superior de Tecnologia e Gest茫o Participation in program Committee content&view=article&id=94&catid=8&Itemid=120&lang=en
  • Deimante Teresiene. International forum PUBLIC ADMINISTRATION AND INNOVATION. National University Lviv Polytechnic, Hi Tech office. Keynote speaker: Monetary and fiscal policy interaction in the context of COVID-19 pandemic.

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

  • Prof. Dr R. Kanapickien臈 鈥 member of Payment Council, Ministry of Finance of the Republic of Lithuania and Bank of Lithuania.
  • Assoc. Prof. Deimant臈 Teresien臈 鈥 member of European Central Bank Credit assessment and eligibility network; member/collaborator of European Central Bank Risk Management Committee; member of Payment Council, Ministry of Finance of the Republic of Lithuania and Bank of Lithuania.
  • Assist. Linas Jurk拧as 鈥 member of Eurosystem鈥檚 work Stream of ECB strategy review on Fiscal and Monetary Policy in a Monetary Union; member of Eurosystem鈥檚 Task Force on Banking Analysis for Monetary Policy.


DEPARTMENT OF MANAGEMENT

Saul臈tekio al. 9, bld 2 - 706, LT-10222 Vilnius
Tel. 236 6134
E-mail:
Head 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. Associate professors: Dr R. Adomaitien臈, Dr A. Stankevi膷ien臈, Dr V. Tama拧evi膷ius,
Dr R. Paulien臈, Dr R. Korsakien臈 (part-time).
Assistants: Dr J. 艩arupi膷i奴t臈 (part-time), Dr D. Ru啪el臈, Dr R. Labanauskis (part-time).
Junior assistant: D. Budrien臈 (part-time).
Lecturers: Dr 沤. Grakauskas (part-time), K. Jakutyt臈-Ancien臈 (part-time).
Doctoral students: D. Budrien臈 N., A. 艩altis, Nabil Abu Ibrahim, I. Stravinskien臈,
G. Narbut臈, V. Buck臈.

RESEARCH INTERESTS

Business management and administration
Leaders鈥 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 2021

Research Projects Supported by University Budget

Challenges of Human Resources Management in a Dynamic Environment. Prof. D. Diskien臈. 2021.

Main publications:

Stankevi膷ien臈, A., Tama拧evi膷ius, V., Diskien臈, D., Grakauskas, 沤. & Rudinskaja, L. The mediating effect of work-life balance on the relationship between work culture and employee well-being. Journal of Business Economics and Management. 2021, 22(4): 988鈥1007.

Jaskeviciute, V., Stankeviciene, A., Diskiene, D., Savicke, J. The relationship between employee well-being and organizational trust in the context of sustainable human resource management. Problems and Perspectives in Management. 2021, 19(2): 118鈥131. DOI:10.21511/ppm.19(2).2021.10.

Vaiginien臈, E., Paulien臈, R., Urb拧ien臈, L. Hidden Champions of Lithuania. Hidden Champions in Dynamically Changing Societies: Critical Success Factors for Market Leadership. Bra膷ek Lali膰 A., Purg D. (Eds). 2021, 239鈥261. DOI: 10.1007/978-3-030-65451-1_17.

The Study of Quality Management Standards and Quality of life and working life balance. Prof. J. Ru啪evi膷ius. 2021.

The purpose of this research was to develop quality management theory and methodology of quality of life and working life balance assessments.

Main publications:

Impulevi膷ien臈, J., Ru啪evi膷ius, J. A model of Lithuania for work-life quality balance: private and public sectors. The Work-Life Balance Bulletin: A DOP Publication. 2021, 5(1): 22鈥26.

Stravinskiene, I., Serafinas, D. Process management and robotic process automation: the insights from systematic literature review. Management of Organizations: Systematic research. 2021, 85: 87鈥106.

Simonyte, S., Adomaitiene, R., Ruzele, D. Experience of lean application in higher education institutions. International Journal of Lean Six Sigma. 2021. DOI: 10.1108/IJLSS-11-2020-0208.

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

Klaip臈da University (Lithuania)
Wroclaw University of Economics (Poland)
Lund University (Sweden)
Bucharest University of Economics (Romania)
鈥淨MS Italia鈥 S.R.L (Italy, Napoli)
Lithuanian Association for Quality Management and Innovations (Lithuania)
Belarus State Economic University (Belarus)
Dnipro National University (Ukraine)
Torino University (Italy)
International Guild of Quality Professionals
Board of SME Council under the Ministry of Economics and Innovations (Lithuania)
Union of Lithuanian Scientists (Lithuania)

OTHER RESEARCH 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 Accounting Theory and Practice; .

Prof. G. Dr奴teikien臈 鈥

  • editorial board member of the Bulletin of Taras Shevchenko National University of Kyiv. Economics,
  • 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 (Chech Republic),

Prof. J. Ru啪evi膷ius 鈥

  • editor-in-chief, peer-reviewed journal Current issues of Business and Law: Research Papers;
  • editorial board member of the international journal Commodities and Markets, Kiev National Economics University, ;
  • editorial board member of the international journal Forum Ware International, Vienna University, IGWT, DGWT, OGWT, ;
  • scientific board member of the journal International Journal of Business: Innovations, Psychology and Economics,
  • editorial board member of the international MDPI journal STANDARDS, Switzerland,
  • 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 (Moscow, Russia), ; www.ria-stk.ru;
  • editorial board member of the international journal Altyn Sapa (A谢褌褘薪 Ca锌a - Gold Quality), Almata, Kazakhstan;
  • editorial board member of the international journal Quality Management / 袦械薪械写卸屑械薪褌 泻邪褔械褋褌胁邪 (Almata, Kazakhstan), :magazine&catid=42:magazine&Itemid=57; ; ;
  • editorial board member of the international journal Public Administration Aspects (Ukraine),


DEPARTMENT OF MARKETING

Saul臈tekio al, bld 2 - 819, LT-10222 Vilnius
Tel. 236 6146
E-mail:
Head 鈥 Prof. Dr Sigitas Urbonavi膷ius

STAFF

Professors: Dr S. Urbonavi膷ius, Dr V. Dik膷ius.
Associate professors: Dr K. Adomavi膷i奴t臈, Dr M. Degutis, Dr A. Gai啪utis, Dr R. 膶asas.
Associate professors of practice: Dr A. Jonkus, Dr R. Ivanauskas.
Junior assistants: I. Radavi膷ien臈, V. Kadu拧kevi膷i奴t臈, S. Kir拧臈, I. Zimaitis.
Research fellows: Dr K. Adomavi膷i奴t臈, Dr V. 艩kare.
Doctoral students: I. Radavi膷ien臈, I. Zimaitis, S. Kir拧臈, V. Kadu拧kevi膷i奴t臈, R. Andrulien臈, E. Bla啪inauskyt臈, G. Dagyt臈-Kavoli奴n臈, Yiyuan Ying.
Senior Researcher: L. Hollebeek.

RESEARCH INTERESTS

Consumer privacy and behaviour in digital environment
Consumer behaviour in online learning
Buyer price perception in online environment
Specifics of marketing management and consumer behaviour in transition economies
Tourist behaviour

RESEARCH PROJECTS CARRIED OUT IN 2021

Projects Supported by University Budget

Consumers and Companies in a Dynamic Environment. Prof. Dr S. Urbonavi膷ius. 2020鈥2024.

Continuing the research topic Consumer Behaviour Tendencies in a Dynamic Environment, the researchers of the Department presented the findings in numerous publications.

Main publications:

Dik膷ius, V., Urbonavi膷ius, S., Adomavi膷i奴t臈, K., Degutis, M., Zimaitis, I. Learning marketing online: the role of social interactions and gamification rewards. Journal of Marketing Education. 2021, 43(2): 159鈥173. DOI: 10.1177/0273475320968252.

Urbonavi膷ius, S. Chernobyl: analysis of young travellers' motivations to visit a unique dark tourism destination. Tourism. 2021, 69(1): 127鈥139. DOI: 10.37741/t.69.1.9.

Urbonavi膷ius, S., Degutis, M., Zimaitis, I., Kadu拧kevi膷i奴t臈, V., Skare, V. From social networking to willingness to disclose personal data when shopping online: modelling in the context of social exchange theory. Journal of Business Research. 2021, 136: 76鈥85. DOI: 10.1016/j.jbusres.2021.07.031.

National Research Projects

Research Council of Lithuania. Modeling the Impact of Game Elements on Online Store Loyalty. Prof. V. Dikcius. 2021鈥2024.

Research Council of Lithuania. Factors, Influencing the Willingness to Disclose Personal Data, and Impact of the Willingness on the Choice of a Purchasing Channel. Prof. S. Urbonavicius. 2019鈥2022.

Research Council of Lithuania. Personal Prices, Privacy and Consumer Search in Retail Markets. Prof. S. Urbonavicius. 2020鈥2022.

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. S. Urbonavi膷ius 鈥

  • member of European Marketing Academy (EMAC);
  • member of Technological Development Committee of MITA (Science, Innovation and Technology Agency);
  • honorary member of Lithuanian Marketing Association LiMA;
  • editor-in-chief of the journal Organizations and Markets in Emerging Economies,
  • editorial board member of the journal Journal of Marketing Education, Sage Journals,
  • 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),
  • Track Chair of 2022 Annual Conference of Association of Marketing Society.

Prof. V. Dik膷ius 鈥

  • member of European Marketing Academy (EMAC);
  • deputy member of MITA (Science, Innovation and Technology Agency) in area of Social Sciences;
  • editorial board member of the journal Organizations and Markets in Emerging Economies,

Assoc. Prof. A. Gai啪utis 鈥

  • member of Lithuanian Marketing Association LiMA;
  • coordinator of national technology platform of Lithuania for Forest-Based Sector, www.ntplatformos.lt;
  • member of the Board, vice-president, ELO- European Landowners Organisation,
  • 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 鈥

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

Dr I. Radavi膷ien臈 鈥

  • member of Lithuanian Marketing Association LiMA;
  • Neuromarketing Science & Business Association NMSBA,

V. Kadu拧kevi膷i奴t臈 鈥

  • member of Lithuanian Marketing Association LiMA.

Dr K. Adomavi膷i奴t臈 鈥

  • deputy editor-in chief of the journal Organizations and Markets in Emerging Economies, www.om.ef.vu.lt/.

I. Zimaitis 鈥

  • assistant editor of the journal Organizations and Markets in Emerging Economies, www.om.ef.vu.lt.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Sigitas Urbonavicius, Meysam Moayery. Importance of privacy regulatory environments on willingness to disclose personal data in e-stores. AIRSI 2021 Conference on Technologies 4.0 in Tourism, Services & MarketingAt: Zaragoza University, Spain, July 2021.
  • Mindaugas Degutis, Sigitas Urbonavicius, Vatroslav Skare. Willingness to Disclose Personal Data in Online Shopping as a Case of Reciprocal Social Exchange. 13th EMAC regional conference 鈥淓xtending boundaries: The impact of digital world on marketing鈥. Kozminsky University, Warsaw, Poland, September 2021.
  • Ignas Zimaitis, Sigitas Urbonavicius, Vaida Kaduskeviciute. Modelling the Willingness to Disclose Personal Data in Registration to Online Store on the Basis of Social Exchange Theory. 13th EMAC Regional Conference 鈥淓xtending boundaries: The impact of digital world on marketing鈥. Kozminsky University, Warsaw, Poland, September 2021.

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. Dr Algis Gai啪utis - expert of EU Civil dialogue group on Forestry and Cork, Coordinated by the Directorate-General for Agriculture and Rural Development, European Commission; coordinator of national support group of Lithuania for Forest-Based Sector Technological Platform in EU; The Forest-based Sector Technology Platform (FTP) is European Technology Platform (ETP) dedicated to the forest-based sector member of Coordination group of National Agreement on Forests, Coordinator of Social Group of Private forest owners, Agency for Science, Innovation and Technology MITA, expert member of Advisory Committee on Forest under the Ministry of Environment of Lithuania

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

  • Radaviciene. Behavioural pricing. How price changes impact intention to buy a product? SPECTRUM. 2021, 34.


DEPARTMENT OF QUANTITATIVE METHODS AND MODELLING

Saul臈tekio al. 9, bld 2 - 811, LT-10222 Vilnius
Tel. 236 6277
E-mail
Head 鈥 Assoc. Prof. Dr Algirdas Bartkus

STAFF

Professors: Dr G. Kasnauskien臈, Dr L. 膶ekanavi膷ius, Dr T. Bale啪entis, Dr T. Medaiskis.
Associate professors: Dr A. Bartkus, Dr V. Karpu拧kien臈.
Lecturers: Dr R. Stasiukynait臈, Dr 艩. Eiro拧ius.
Junior research fellows: K. Zitikyt臈, V. Petryl臈, A. Vainilavi膷ius.
Doctoral students: K. Zitikyt臈, K. Kri拧膷i奴kaityt臈, K. Ma啪eikait臈, A. Vainilavi膷ius.

RESEARCH INTERESTS

Applied statistics and econometrics
Economic demography
Economics of social security
Application of mathematical methods for decision making
Economics of resources

RESEARCH AREAS

Analysis, modelling and management of Lithuanian social and economic development

DOCTORAL DISSERTATIONS MAINTAINED IN 2021

K. Zitikyt臈. Labor market participation of older workers in Lithuania: factors affecting employment in old age.

MAIN SCIENTIFIC ACHIEVEMENTS IN 2021

Kasnauskien臈, G., Kavalnis, R. Does emigration hurt the economy? Evidence from Lithuania. Organizations and markets in emerging economies. Vilnius: Vilniaus University Press. 2021, 12(2): 440鈥458.
Karpu拧kien臈, V. Alcohol availability restriction policy and changes in consumer behavior in Lithuania in 2016鈥2019. Ekonomika. Vilnius: Vilniaus University Press. 2021, 100(1): 75鈥93.
Balezentis, T., Streimikiene, D., Mikalauskas, I., Shen, Z. Towards carbon free economy and electricity: The puzzle of energy costs, sustainability and security based on willingness to pay. Energy. Oxford: Elsevier. 2021, 214(119081): 1鈥9.

RESEARCH PROJECTS CARRIED OUT IN 2021

Contractual Research

Study of Alcohol Consumption Habits in Lithuania. A. Bartkus, V. Karpu拧kien臈.

The Determinants of VAT Gap. A. Bartkus.

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

University of Copenhagen (Denmark)
Lithuanian energy institute (Lithuania)
Lithuanian business confederation (Lithuania)
State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania (Lithuania)

OTHER RESEARCH ACTIVITIES

Prof. G. Kasnauskien臈 鈥

  • editorial board member of Lithuanian Journal of Statistics, 

Prof. T. Bale啪entis 鈥

  • editorial board member of journal Management Theory and Studies for Rural Business and Infrastructure Development,
  • editorial board member of Agricultural and Resource Economics: International Scientific E-Journal,
  • editorial board member of Decision Analytics Journal,
  • editorial board member of Technological and Economic Development of Economy,

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Po拧kut臈, Virginija; Gudaitis, Tadas; Medaiskis, Teodoras; Me膷kovski, Jaroslav. Public policies transforming retirement pensions in Central and Eastern Europe. 5th International Conference on Public Policy (ICPP5) Barcelona, 5鈥9 July 2021. International Public Policy Association.
  • Belinskaja, Larisa; Kasnauskien臈, Gindrut臈. COVID-19 and the insurance industry: changes to policyholder preferences and a challenge to insurance. Transformation of the insurance industry for sustainable development in the new conditions: XXII International scientific-practical conference, Moscow, 2鈥3 June 2021.
  • Balezentis, Tomas; Rudminas, Linas. Exploring the production possibilities for the Baltic States. IV International Science Conference SER 2021, Igalo (Herceg Novi), Montenegro, 17鈥20 September 2021.

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES

  • Bartkus. Consultations for the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania, regarding the determinants of VAT gap.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

  • Constant delivery of insights and explanations of the current economic affairs for the media: A. Bartkus, T. Medaiskis, K. Zitikyt臈.


DEPARTMENT OF THEORETICAL ECONOMICS

Saul臈tekio al. 9, LT-01513 Vilnius
Tel. 236 6147
E-mail:
Head 鈥 Prof. Dr Vincentas Giedraitis

STAFF

Professors: Dr V. Giedraitis, Dr R. Lazutka.
Assoc. professor: Dr E. Ulvidien臈.
Lecturers: N. Ramanausk臈, Dr N. 膶erniauskas.
Doctoral students: I. Bla啪ien臈, V. Gabnyt臈.

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

Main publications:

膶erniauskas, N., Sologon, D., O鈥橠onoghue, C., & Tarasonis, L. Income inequality and redistribution in Lithuania: the role of policy, labour market, income and demographics. Review of Income and Wealth. 2021. DOI:10.1111/roiw.12546 .

膶erniauskas, N. & Jousten, A. Statutory, effective, and optimal net tax schedules in Lithuania. IZA Journal of Labor Policy. 2021, 11(1). DOI: 10.2478/izajolp-2021-0005.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Gabnyt臈, Vitalija. The 17th Annual Conference of the East Asian Social Policy Research Network & The 27th Annual Conference of the Foundation for International Studies on Social Security). Nowcasting poverty and inequality in the context of economic growth and Covid-19 pandemic in Lithuania.

OTHER RESEARCH ACTIVITIES

Prof. V. Giedraitis 鈥

  • Associate editor of the journal Ekonomika;
  • editorial board member of: Bulletin of Taras Shevchenko National University of Kyiy, Economics, Journal of Advances in Economics and Finance, Sociology of Development, Information Technology and Development, Journal of World-Systems Research.

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES

  • Giedraitis, Vincentas et al. Educators of the future. Online public panel
    presentation organized by Taras Shevchenko National University of Kyiv. 16 March.
  • Lazutka, Romas. European social policy network (ESPN, Contract n掳 VC/2018/0463). European Commission DG Employment and Social Affairs. Commissioned by the European Commission. National expert.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

  • Prof. R. Lazutka. Numerous interviews given to the national press.


CENTER FOR EXPERTISE IN ECONOMICS

Saul臈tekio al. 9, bld 2, LT-10222 Vilnius
E-mail
Head 鈥 Dr Egl臈 Jaku膷ionyt臈

STAFF

Associate professors: Dr J. Jarait臈-Ka啪ukausk臈, Dr A. Ka啪ukauskas, Dr V. Petrikait臈.
Research professors: Dr J. Gineikien臈, Dr Y. Joye.
Senior researchers: Dr J. Klimavi膷i奴t臈, Dr P. Lastauskas.
Researchers: Dr J. Garcia-Louzao Perez, Dr P. Gr眉ning (until June 2021), Dr A. Nguyen (until June 2021), Dr M. Norkut臈, Dr L. Tarasonis.
Research assistants: Dr M. Douch, Dr G. Hausmann Guil, Dr B. Hemingway, Dr E. Jaku膷ionyt臈, 沤. Kaminskien臈, Dr S. Soofi Siavash.
Doctoral students: F. Asmare Marye, L. Galdikien臈.

RESEARCH INTERESTS

Asset pricing
Applied macroeconomics
Behavioral economics
Competition policy
Computational macroeconomics
DSGE models
Economic policy
Economics of long-term care and ageing
Endogenous growth theory
Energy economics
Environmental and resource economics
Firm dynamics
Fiscal policy
Global economy and spillovers
Health economics
Heterogeneous agents
Industrial organization
International macroeconomics and finance
Labor economics
Macro labor
Macrofinance
Microeconomics
Panel data econometrics
Public economics
Real estate economics
Time series econometrics

MAIN CONFERENCES ORGANIZED IN 2021

Vilnius Winter Meeting 2021, Vilnius, Lithuania. The 10th Annual Lithuanian Conference on Economic Research, hosted by the Bank of Lithuania and 91桃色, was held virtually on 28 December, 2021.

CEFER/VU/KTU workshop. The workshop was held virtually on September 17, 2021.

Gender Gaps Conference 2021 (joint with GRAPE):

MAIN PUBLICATIONS IN 2021

Asmare, F., Jarait臈, J. and Ka啪ukauskas, A. The effect of descriptive information provision on electricity consumption: Experimental evidence from Lithuania. Energy Economics. 2021, 104: 105687.

Cui, G., Norkut臈, M., Sarafidis, V., and T. Yamagata. Two-stage instrumental variable estimation of linear panel data models with interactive effects. Econometrics Journal. 2021, first online.

膶erniauskas, N., Sologon, D. M., O鈥橠onoghue, C. and Tarasonis, L. Income Inequality and Redistribution in Lithuania: The Role of Policy, Labor Market, Income, and Demographics. Review of Income and Wealth. 2021, first online.

Constantinescu, M., Nguyen, A. A century of gaps: Untangling business cycles from secular trends. Economic Modelling. 2021, 100: 105505.

Cremer, H., Klimaviciute, J., Pestieau, P. A political economy of loose means-testing in targeted social programs. Economics Letters. 2021, 202: 109810.

Decreuse, B., & Tarasonis, L. Statistical Discrimination in a Search Equilibrium Model: Racial Wage and Employment Disparities in the US. Annals of Economics and Statistics. 2021, (143): 105鈥136.

Hu, X., Jarait臈, J., Ka啪ukauskas, A. The effects of wind power on electricity markets: A case study of the Swedish intraday market. Energy Economics. 2021, 96: 105159.

Jakucionyte, E., van Wijnbergen, S. The macroeconomics of carry trade gone wrong: Corporate and consumer losses in Emerging Europe. Economics of Transition and Institutional Change. 2021, first online.

Joye, Y., Bruyneel, S. & Fennis, B. Is There a 鈥淕estalt Bias Effect鈥 in Indulgence? Subjectively Constructing Food Units Into Wholes (Versus Parts) Increases Desire to Eat and Actual Consumption. Frontiers in Psychology 鈥 Eating Behavior. 2021, 12: 671299. doi: 10.3389/fpsyg.2021.671299.

Ka啪ukauskas, A., Broberg, T., Jarait臈, J. Social Comparisons in Real Time: A Field Experiment of Residential Electricity and Water Use. The Scandinavian Journal of Economics. 2021, 123(2): 558鈥592.

Kalmi, P., Trotta, G., Ka啪ukauskas, A. Energy-related financial literacy and electricity consumption: Survey-based evidence from Finland. Journal of Consumer Affairs. 2021, 55(3): 1062鈥1089,

Nguyen, A., Onnis, L., Rossi, R. The Macroeconomic Effects of Income and Consumption Tax Changes. American Economic Journal: Economic Policy. 2021,

Westerlund, J., Norkut臈, M., Stauskas, O. The Factor Analytical Approach in Trending Near Unit Root Panels. Journal of Time Series Analysis. 2021, first online.

RESEARCH PROJECTS CARRIED OUT IN 2021

International Research Projects (due to brevity, the project description mentions only the project researchers affiliated with the Center for Expertise in Economics)

Research Council of Lithuania through the EEA Grants. Micro-Level Responses to Socio-Economic Challenges in the Face of Global Uncertainties, No S-BMT-21-8 (LT08-2-LMT-K-01-073). Principal Investigator: Dr P. Lastauskas.

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

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

Polish-Lithuanian Intergovernmental Grant 鈥淒aina鈥. Flexibility in Industrial Relations and Labor Market Inequality, P-LL-18-256. Principal Investigator: Dr L. Tarasonis.

Circular Economy Modelling and Empowerment Perspective in a Small Open Economy (CEMESOE). No. MIP 19-62. Researcher: Dr P. Gr眉ning.

How Non-Price Instruments Can Help Increase Energy Efficiency at the Right Time, No 01.2.2-LMT-K-718-02-0007. Researchers: Dr A. Ka啪ukauskas, Dr J. Jarait臈-Ka啪ukausk臈, F. Asmare Marye.

Personal Pricing, Privacy and Search in Retail Markets, No 09.3.3-LMT-K-712-18-0001. Researcher: Dr V. Petrikait臈.

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

University of Tartu (Estonia)
HUST
BI Norwegian Business School (Noeway)
The Baltic International Centre for Economic Policy Studies (BICEPS)
Tallinn University of Technology (TalTech) (Estonia)
University of Amsterdam (Netherlands)
Groningen University (Netherlands)
Toulouse School of Economics, University of Toulouse Capitole (France)
University of Li猫ge (France)
Ume氓 University (Sweden)
University of Gothenburg (Sweden)
University of Florida (USA)
University of Helsinki (Finland)
University of Vaasa (Finland)
University of York (UK)
Osaka University (Japan)
Lund University (Sweden)
Deakin University (Australia)

OTHER RESEARCH ACTIVITIES

Dr P. Lastauskas 鈥

  • editor of the Baltic Journal of Economics,
  • co-organizer: Vilnius Winter Meeting 2021, Vilnius, Lithuania,

Dr L. Tarasonis 鈥

  • co-organizer: Vilnius Winter Meeting 2021, Vilnius, Lithuania,
  • co-organizer: Gender Gaps Conference 2021 (joint with GRAPE):

BEST REPORTS DELIVERED AT CONFERENCES ABROAD

  • Dr P. Gr眉ning: presentations at the Bank of Latvia, the National Bank of Hungary, "Scottish Economic Society Annual Conference鈥 () and 鈥淣inth IAERE Annual Conference鈥 ()
  • Dr P. Lastauskas: The 2021 Asian Meeting of the Econometric Society, Royal Economic Society 2021 Annual Conference, Africa Meeting of the Econometric Society 2021, 31st IT&FA 2021 annual conference, EcoMod2021. (), 鈥淓EA-ESEM 2021鈥 ().
  • Dr E. Jaku膷ionyt臈: AREUEA National conference, IMF MCM Policy forum, International Association for Applied Econometrics Annual Conference, , 3rd Baltic Economic Conference, , EcoMod2021, , EEA-ESEM 2021, ().
  • Dr B. Hemingway: 3rd Baltic Economic Conference,
  • Dr M. Norkut臈: 3rd Baltic Economic Conference (), ECEE Conference 2021 (), EEA-ESEM 2021 ().
  • Dr L. Tarasonis: The 10th Annual Search and Matching Conference in 2021 (Copenhagen Business School, Denmark, virtual), , 3rd Baltic Economic Conference, ().
  • Dr V. Petrikait臈: The 48th Annual Conference of the European Association for Research in Industrial Economics (EARIE), Bergen School of Economics, Norway, virtual,

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

  • Dr L. Tarasonis. VU Rector鈥檚 award for best publication in 2020 at 91桃色 (Dolado, J. J., Garc铆a-Pe帽alosa, C., & Tarasonis, L. The changing nature of gender selection into employment over the Great Recession. Economic Policy, 2020, 35(104): 635鈥677.)

MOST IMPORTANT PARTICIPATION CASES IN WORKING GROUPS OR COMMISSIONS

  • Dr P. Lastauskas. The ECB鈥檚 monetary policy review workstream, focusing on the impact of (de)globalization on monetary policy transmission.
  • Dr P. Gr眉ning. The ECB鈥檚 monetary policy review workstream, focusing on the impact of (de)globalization on monetary policy transmission.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES

Blog posts:

  • Dr P. Lastauskas and Dr. A. Nguyen: LSE Business Review, Central banking, Phelan US Centre, LSE Research for the World, VOXEU.
  • Dr P. Lastauskas and Dr. L. Tarasonis: VU Naujienos: Nobelio premija 2021
  • Dr A. Ka啪ukauskas, Dr. J. Jarait臈-Ka啪ukausk臈: EVAF

Media articles:

  • Dr A. Ka啪ukauskas, Dr. J. Jarait臈-Ka啪ukausk臈: 15min, delfi
  • Dr P. Lastauskas: El Pais