Faculty of Economics and Business Administration

Sukurta: 14 December 2023

Faculty of Economics and Business Administration
9 Sauletekio ave. (2nd building), LT-10222 Vilnius
Tel. 236 6126, fax 236 6127
E-mail: http://www.evaf.vu.lt
Dean – Prof. Dr Aida Mačerinskienė

STAFF
115 teachers (incl. 82 holding research degree), 28 research fellows (incl. 22 holding research degree) 39 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, modelling, and management of social and economic development in Lithuania.

DOCTORAL DISSERTATIONS MAINTAINED IN 2022
Jaunius Karmelavičius „The Impact of Macroprudential Policy on the Economy of Lithuania“
Vaida Jaškevičiūtė „Mediating Effect of Organizational Trust and Person-Organization Fit on the Impact of Human Resource Management Practices on Employee Well-being“
Ignas Zimaitis „The Impact of Exaggerated Distrust on Willingness to Disclose Personal Data Online“
Vaida Kaduškevičiūtė „Impact of Attitude, Subjective Norms, Perceived Behavioural Control, Sociability and Need for Touch on Intention to Webroom“
Audrius Masiulevičius „Qualitative Characteristics of the Misstatements Identified by the Auditor in the Financial Statements, Limiting the Classification of These Misstatements as Clearly Trivial“

MAIN CONFERENCES ORGANIZED IN 2022
1. European Accountancy Week EAW'22, Vilnius, Lithuania. 22nd International conference-workshop hosted by Vilnius University and International Academic Network European Taxation and Accounting in Practice (ETAP), was held on March 7-12, 2022.
2. FinTech: Finance, Technology & Regulation, Vilnius, Lithuania. Interdisciplinary Research Workshop hosted by Vilnius University in the framework of the Arqus Research & Innovation project, was held on May 18-20, 2022.
3. Vilnius Winter Meeting 2022, Bank of Lithuania, Vilnius, Lithuania. The 11th Annual Lithuanian Conference on Economic Research, hosted by the Bank of Lithuania, was held on 28 December 2022. Conference website: https://meeting2022.econ.lt/home
4. 2nd CEFER/KTU/VU workshop. The workshop was held at Vilnius University on November 11, 2022. Workshop website: https://sites.google.com/view/ceferktuvuworkshop/home
5. Gender Gaps Conference 2022 (joint with GRAPE, Poland), Warsaw, Poland. The conference was held on 8-9 October 2022. Conference website: https://grape.org.pl/GGaps2022

MAIN SCIENTIFIC ACHIEVEMENTS IN 2022
Best publications:
Hollebeek, L. D., Kumar, V., Srivastava, R. K., & Clark, M. K. (2022). Moving the stakeholder journey forward. Journal of the Academy of Marketing Science, 1-27. https://doi.org/10.1007/s11747-022-00878-3
Moench, E., & Soofi-Siavash, S. (2022). What moves treasury yields? Journal of Financial Economics. https://doi.org/10.1016/j.jfineco.2022.04.001
Gineikiene, J., Fennis, B. M., Barauskaite, D., & van Koningsbruggen, G. M. (2022). Stress can help or hinder novelty seeking: The role of consumer life history strategies. International Journal of Research in Marketing. https://doi.org/10.1016/j.ijresmar.2022.02.003

DEPARTMENT OF ACCOUNTING AND AUDITING

Saulėtekio, 9 (II) - 610, LT-10222 Vilnius
Tel. 236 6153, fax. 236 6127
E-mail:
Head – Prof. Rasa Subačienė

STAFF
Emeritus: V.Lakis, J.Mackevičius
Professors: PhD R. Subačienė
Associate professors: PhD D. Tamulevičienė, PhD K. Senkus, PhD R. Budrionytė
Assistants: PhD I. Kamarauskienė, PhD D. Vaicekauskas, PhD G. Jurkonienė (Venckevičiūtė), PhD A. Masiulevičius, PhD Ž.Simonaitytė
J.assistants: D. Raziūnienė, A. Masiulevičius, D. Bachtijeva
Lecturers: E. Kudrešova
Doctoral students: D. Raziūnienė, A. Šalienė, D. Bachtijeva.

RESEARCH INTERESTS
• Evaluation of the development of financial accounting in the new economic reality
• Manipulation of accounting information
• Competencies of modern accounting specialist
• The development of financial analysis science and its role in business in terms of uncertainty
• Evaluation of the issues of cost accounting and production costing
• New approaches to management accounting
• Investigation of the methodology, procedures, and quality of different types of audit

DOCTORAL DISSERTATIONS MAINTAINED IN 2022
Masiulevičius A. Qualitative Characteristics of the Misstatements Identified by the Auditor in the Financial Statements, Limiting the Classification of these Misstatements as Clearly Trivial

RESEARCH PROJECTS CARRIED OUT IN 2022
Projects Supported by the University Budget
Research on the evaluation of the development of financial accounting, audit types and systems, and the development of management accounting. Prof. Rasa Subačienė. 2021–2023.
The research involved evaluating the qualitative characteristics of the misstatements in financial audits, solving the terminological problem of earnings management and creative accounting in accounting manipulations, analysis of the COVID-19 pandemic impact on business, analysis of the peculiarities of the use of the indirect cost allocation method based on the assignment of indirect costs to departments, and an investigation of the competencies of the modern accounting specialist.
Main publications:
1. Subačienė, Rasa; Budrionytė, Ramunė; Žemgulienė, Jolanta; Faituša, Ivita. Modern accounting specialist in new economic reality: cases of Lithuania and Latvia // Administrative sciences. Basel : MDPI. eISSN 2076-3387. 2022, vol. 12, no. 4, art. no. 124, p. [1-18]. DOI: 10.3390/admsci12040124
2. Masiulevičius, Audrius; Lakis, Vaclovas. Application of qualitative characteristics to evaluate misstatements in financial statements: evidence from factual audit data // Ekonomika. Vilnius : Vilniaus universiteto leidykla. ISSN 1392-1258. eISSN 2424-6166. 2022, t. 101, Nr. 2, p. 6-21. DOI: 10.15388/Ekon.2022.101.2.1.
3. Bachtijeva, Diana; Tamulevičienė, Daiva. Comparing earnings management and creative accounting. A general review = Porównanie koncepcji zarządzania zyskami i kreatywnej rachunkowości. Przegląd ogólny // Zeszyty Teoretyczne Rachunkowości = Theoretical journal of accounting. Warszawa : Stowarzyszenie Ksiegowych w Polsce. ISSN 1641-4381. eISSN 2391-677X. 2022, vol. 46, no. 2, p. 115-135. DOI: 10.5604/01.3001.0015.8812.

National Research Projects
Evaluation of the Capital Structure of Baltic-Listed Companies during Economic Shock. (No. P-SV-22-46). The Research Council of Lithuania. Supervisor: Prof. R. Subačienė. Researcher: Odeta Pileckaitė. Student research during the summer. 2022/07/01–2022/08/31.

Development of Environmental Management Accounting Methodology for Small and Medium Enterprises. (No. P-SV-22-49). The Research Council of Lithuania. Supervisor: Assoc. Prof. D. Tamulevičienė. Researcher: Kamilė Medeckytė. Student research during the summer. 2022/07/01–2022/08/31.

Solving Indirect Cost Allocation Issues in Paper and Cardboard Production Companies Using the FABC Costing Method. (No. P-ST-22-108). The Research Council of Lithuania. Supervisor: Assoc. Prof. D. Tamulevičienė. Researcher: Ermina Liubinaitė. Student research during the semester. 2022/09/15–2023/03/31.
Main publication:
1. Tamulevičienė D.; Mackevičius J.; Liubinaitė E. (2022). Peculiarities of the use of indirect costs allocation method, based on the assignment of indirect costs to departments. Buhalterinės apskaitos teorija ir praktika (Accounting Theory and Practice). 25, 3. doi: 10.15388/batp.2022.42.

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INOVATION) PARTNERS
National Audit Office of Lithuania (Lithuania)
The Lithuanian Chamber of Auditors (Lithuania)
Wroclaw University of Economics and Business (Poland)
University of Latvia (Latvia)
Rezekne Academy of Technologies (Latvia)

OTHER SCIENTIFIC ACTIVITIES
V. Lakis
• deputy editor-in-chief of the journal Transformation in Business & Economics http://www.transformations.knf.vu.lt/about/board;
• editorial board member of the journal Organization and Markets https://www.journals.vu.lt/omee/about/editorialTeam;
• editorial board member of the journal Finanse (Finance), Poland http://finance-journal.eu/pl/o-czasopismie;
• editorial board member of the journal Przedsiębiorstwo&Finanse (Business & Finance), Poland http://pif.wsfiz.edu.pl/;
R. Subačienė
• chief editor of the scientific journal Buhalterinės apskaitos teorija ir praktika (Accounting Theory and Practice), Lithuania, http://www.zurnalai.vu.lt/BATP/about/editorialTeam;
• member of editorial board of the journal „Zeszyty Teoretyczne Rachunkowości“, Polonia, https://ztr.skwp.pl/resources/html/cmsi/578;
• member of editorial board of the journal Apskaitos ir finansų mokslas ir studijos: problemos ir perspektyvos (Science and Studies of Accounting and Finance Problems and Perspectives), Lithuania, http://erd.asu.lt/ssaf/pages/view/editorial_board;
• member of the editorial board of the social science journal Latgale National Economy Research, Latvia, http://journals.ru.lv/index.php/LNRE/about/editorialTeam;
• member of the editorial board of the journal Visnyk of Sumy State University. Economics Series, Ukraine, https://visnyk.fem.sumdu.edu.ua/en/editorial-board
• member of the editorial board of the scientific journal "EcoSoEn" Moldova, http://ecosoen.ulim.md/index.php?id=102
• international editor of the scientific journal “AKRUAL: Jurnal Akuntansi”, Indonesia, https://journal.unesa.ac.id/index.php/aj/about/editorialTeam.
D. Tamulevičienė
• vice editor of the scientific journal Buhalterinės apskaitos teorija ir praktika (Accounting Theory and Practice), Lithuania, http://www.zurnalai.vu.lt/BATP/about/editorialTeam;
• member of editorial board of the scientific journal "Journal of Economics and Management Science", IDEAS SPREAD INC, https://j.ideasspread.org/index.php/jems/about/editorialTeam;
• international editor of the scientific journal “AKRUAL: Jurnal Akuntansi”, Indonesia, https://journal.unesa.ac.id/index.php/aj/about/editorialTeam.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD
1. Subačienė Rasa (speaker), Budrionytė Ramunė, Žemgulienė Jolanta, Faituša Ivita. 2022. Modern Accounting Specialist in New Economic Reality: Cases of Lithuania and Latvia, V INTERNATIONAL SCIENTIFIC CONGRESS “SOCIETY OF AMBIENT INTELLIGENCE 2022”, 17th of October, 2022, https://www.isc-sai.org/.

MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS, ORGANISATIONS, BUSINESS ENTITIES
Rasa Subačienė
• 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;
• working group for translation of international accounting standards at the Ministry of Finance of the Republic of Lithuania.
R. Budrionytė
• member of Business Accounting Standards Committee under the Ministry of Finance of Lithuania;
• working group for translation of international accounting standards at the Ministry of Finance of the Republic of Lithuania;
• working group for on the approval of implementing legislation for the draft of the Law on Financial Accounting of the Republic of Lithuania at the Authority of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance of the Republic of Lithuania.
D. Tamulevičienė
• member of Asia-Pacific Management Accounting Association.
I. Kamarauskienė
• member of the Lithuanian Chamber of Auditors;
• head of Training Committee of the Lithuanian Chamber of Auditors;
• member of the Institute of International Auditors;
• member of Lithuanian Association of Internal Auditors;
• head of the Internal Audit Committee of the Vilnius University Endowment.
D. Raziūnienė
• member of Lithuanian Association of Internal Auditors;
• member of the Institute of Internal Auditor, USA.
A. Masiulevičius
• chairman of the qualification examination board for the qualification of Assistant Business Appraiser and Expert Appraiser at the Authority of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance of the Republic of Lithuania;
• member of the Lithuanian Chamber of Auditors.
D. Vaicekauskas
• member of the Lithuanian Chamber of Auditors.
K. Senkus
• working group for on the approval of implementing legislation for the draft of the Law on Financial Accounting of the Republic of Lithuania at the Authority of Audit, Accounting, Property Valuation and Insolvency Management under the Ministry of Finance of the Republic of Lithuania.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES
1. Ž. Simonaitytė. 2022. Didžiausi audito skandalai: nuo Enron iki Snoro (The biggest audit scandals: from Enron to Snoras), Verslo klasė (Business class) (2022 m. žiema (winter))
2. Ž. Simonaitytė. 2022. Efektyvus verslas artėjančią žiemą – į ką atkreipti dėmesį (Effective business in the coming winter - what to pay attention to) https://www.evaf.vu.lt/apie-fakulteta/naujienos/3377-efektyvus-verslas-artejancia-ziema-i-ka-atkreipti-demesi

DEPARTMENT OF BUSINESS

Saulėtekio al. 9, bld. 2 – 517, LT-10222, Vilnius
Tel. 236 6007
E-mail:
Head – Assoc. Prof. Dr Žilvinas Židonis

STAFF
Professors: Dr A. Mačerinskienė,
Associate professors: Dr E. Vaiginienė, Dr A. Fominienė, Dr A. Jaržemskis, Dr A. Ulbinaitė, Dr J. Žemgulienė, Dr E. Rudienė, Dr M. Morkūnas, Dr Ž. Židonis, Dr A. Lezgovko.
Associate professors of practice: P. Nezabitauskas, R. Tamošiūnas.
Assistant professor: Dr L. Pilukienė.
Junior assistant professor: G. Baublys.
Lecturers: Ž. Jokimčiūtė.
Doctoral students: V. Grigaitienė, V. Bielinė.

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 2022
Projects supported by the University Budget
The Role of Cognitive Distance in the Management of International Operations of Lithuanian-Based Companies. Ž. Židonis, A. Fominienė, L. Pilukienė. 2021–2023.

Internationalisation strategies under the circumstances of radical market vulnerability. Ž. Židonis. 2021–2024.

National Research Projects
The Development of a Block-Based Intercompany Billing System to Speed Up the Post-pandemic Recovery of Tourism Services Consumption. (Grant No. 01.2.2-LMT-K-718-05-0081). Funded by the Smart Specialisation Programme of the Lithuanian Research Council. A. Mačerinskienė.

International Research Projects
Arqus Research and Innovation. The Arqus R&I project aims to enhance the research and innovation dimension of the Alliance’s 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. L. Pilukienė: 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)
National Taipei University of Technology, Department of Business Management, Taipei (Taiwan)

OTHER RESEARCH ACTIVITIES
A. Mačerinskienė
• International Scientific Advisory Committee Member. International Conference on Sustainable Tourism. Wessex Institute of Technology, GB.
• 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.
A. Ulbinaitė
• Editorial board member. Frontiers in Management and Business. https://www.syncsci.com/journal/FMB
• Member. Academy of Management. www.aom.org
• Co-chair, reviewer. 28th AABS Conference "Baltic studies at a Crossroads", Biennial Association for the Advancement of Baltic Studies, Division: Economics and Business, Seattle, Washington. https://aabs-balticstudies.org/aabs-2022-in-seattle/.
A. Jaržemskis
• Editorial board member. Transport and Telecommunication
https://sciendo.com/journal/TTJ
M. Morkūnas
• Guest editor. Sustainability. Special issue Future_Agriculture_Rural_Regions https://www.mdpi.com/journal/sustainability/special_issues/Future_Agriculture_Rural_Regions
• Guest editor. Agriculture. Special issue.
https://www.mdpi.com/journal/agriculture/special_issues/2IX89X8W09
• Review Editor. Agricultural Economics. Frontiers in Environmental Economics (Frontiers). https://www.frontiersin.org/journals/environmental-economics/editors
• Member of the Editorial Board. Bulletin of V.V. Dokuchaev Kharkiv Agricultural University, Series of Economic Sciences. https://visen.knau.kharkov.ua/
G. Baublys
• Academy of Mangement. Member
• Member of Content Advisory Board and Qualified Education Providers Governance Committee. Association of Change management Professionals
Ž. Židonis
• Editorial board member. Public Policy and Administration. https://ojs.mruni.eu/ojs/public-policy-and-administration/pages/view/editorial_board.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD
G. Baublys
1. “Organizational Theater and Change: Rethinking Qualitative Inquiry Through Stanislavski’s System” 82nd Annual Meeting of the Academy of Management, USA 5th - 9th August 2022.
2. “Organization's Proactive Transformation Competence: Identification and Development”. ICABM 2020 - International Conference of Applied Business and Management, Portugal, 25th - 26th of June 2020.
3. “Organization's Proactive Transformation Competence: Identification and Development”, Italy, ECIE 2020 - 15th European Conference on Innovation and Entrepreneurship, 16th - 15th of September 2020.
4. “Resilience Capacity Development: Prerequisites for Proactive Organizational Transformation”, ECMLG 2020 - 16th European Conference on Management Leadership and Governance, UK, 26th - 27th of October 2020.
Ž. Židonis
1. “What drives parents to co-create? Moderating role of ideological orientation and individualism” (co-authors V. Auruškevičienė, E. Survilaitė, J. Šidlauskienė, D. Misiūnas), European Academy of Management conference, EURAM 2022, 15-17 June, Zurich, Switzerland.

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES
A. Jaržemskis
1. UAB "Aconitum". Consultations on corporate management, management of supply and distribution operations.
2. AB "Achema Group". Consultations on funding of investment projects.
3. AB "Energijos skirstymo operatorius" (National Electric Grid Operator). Consultations on electric power vehicles recharge network.
4. Ministry of Transport. Consultations on Nemunas river shipping development.
5. Ministry of Energy. Consultations on energy efficiency and promotion of energy and on the perspectives of renewable resources
6. Ministry of Transport. Consultations on funding for the renewal and for the further development of basic public infrastructure in the transport sector.

DEPARTMENT OF ECONOMIC INFORMATICS

Saulėtekio al. 9, bld. 2 – 517, LT-10222, Vilnius
E-mail:
Head – prof. Dr Rimvydas Skyrius

STAFF
Professors: Dr R. Skyrius, Dr D. Krikščiūnienė (part-time), T. Limba (part-time)
Associate professors: Dr M. Krutinis, Dr T. Petkus (part-time)
Assistant professors: M. Kazimianec, S. Nemitko, G. Rumšas
Lecturers: J. Lankutis, A. Rykovė, I. Sirtautas, S. Ušurliakienė, T. Makčinskas, A. Gavrilov, A. Gustainienė, J. Česnakauskas
Doctoral students: J. Valentukevičė

RESEARCH INTERESTS
• Analysis and design of business information infrastructure.
• Application of information and communication technologies in business and government structures.
• Business intelligence in contemporary organisations: culture, agility, and 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 2022
Projects Supported by University Budget
Research on the Value Creation of Management Information and Business Intelligence Systems. Prof. R. Skyrius.
The principal direction of the Department’s research efforts is concentrated on the key aspects of informing business users by development and implementation of management information systems (MIS), 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. The targeted sub-areas are business intelligence culture and agility issues in the context of organisational culture and agility.
Skyrius R., Valentukevičė J. Understanding of Business Intelligence and Analytics Agility: Construct Development and Validation. (Working paper)

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS
Informing Science Institute (USA)
IT Summit (Lithuania)
University of Barcelona Business school
Katowice University of Economics, Poland

OTHER RESEARCH ACTIVITIES
Prof. R. Skyrius
• Editorial board member: Ekonomika. Vilnius university research journal,
https://www.journals.vu.lt/ekonomika/about/editorialTeam
• Editorial board member: Organizations and Markets in Emerging Economies. Vilnius university research journal, https://www.journals.vu.lt/omee/about/editorialTeam
• Editorial board member: Information Research: an international electronic journal, http://informationr.net/ir/editors.html
• Editorial board member: Accounting Theory and Practice. Vilnius university research journal, https://www.journals.vu.lt/BATP/about/editorialTeam
• Editorial board member: Ekonomika. Vilnius university research journal, https://www.journals.vu.lt/ekonomika/about/editorialTeam
• Editorial board member: Organizations and Markets in Emerging Economies. Vilnius university research journal, https://www.journals.vu.lt/omee/about/editorialTeam
• Editorial board member: Information Research: an international electronic journal, http://informationr.net/ir/editors.html
• Editorial board member: Accounting Theory and Practice. Vilnius university research journal, https://www.journals.vu.lt/BATP/about/editorialTeam
• Editorial board member: Ekonomika. Vilnius university research journal, https://www.journals.vu.lt/ekonomika/about/editorialTeam
• Editorial board member: Organizations and Markets in Emerging Economies. Vilnius university research journal, https://www.journals.vu.lt/omee/about/editorialTeam
• Editorial board member: Information Research: an international electronic journal, http://informationr.net/ir/editors.html
• Editorial board member: Accounting Theory and Practice. Vilnius university research journal, https://www.journals.vu.lt/BATP/about/editorialTeam
• Editorial board member: Ekonomika. Vilnius university research journal, https://www.journals.vu.lt/ekonomika/about/editorialTeam
• Editorial board member: Organizations and Markets in Emerging Economies. Vilnius university research journal, https://www.journals.vu.lt/omee/about/editorialTeam
• Editorial board member: Information Research: an international electronic journal, http://informationr.net/ir/editors.html
• Editorial board member: Accounting Theory and Practice. Vilnius university research journal, https://www.journals.vu.lt/BATP/about/editorialTeam

DEPARTMENT OF ECONOMIC POLICY
9 (II building) Saulėtekio, LT-10222 Vilnius
Tel. 236 6147
E-mail:
Head – Dr Arūnas Burinskas

STAFF
Professors: Dr A. Miškinis (untill 1 September, 2022)
Associate professors: Dr A. Burinskas, Dr V. Cohen, Dr J. Droždz (part-time), Dr G. Dzemydaitė, Dr A. Laužadytė-Tutlienė, Dr L. Urbšienė.
Assistant: Rima Rubčinskaitė (part-time).
Lecturers: O. M. Vyšniauskaitė (part-time), Dr Brigita Šidlauskaitė-Riazanova.
Doctoral students: K. Bielskis, I. Jokubaitienė, M. Bureika, T. Burneika.

RESEARCH INTERESTS
• Modernisation of the economy and public economic policy
• Innovations and investments in the modernisation of the economy
• European economic integration and the synchronisation of business cycles
• Impact of international relations on economic growth
• Regional development
• Competition and industrial economics and policy in the EU and Lithuania
• Social and labour market policy measures
• Monetary and fiscal policy

RESEARCH PROJECTS CARRIED OUT IN 2022
Projects Supported by the University Budget
Challenges and Solutions of the European Union and Lithuanian Economy Modernization. Prof. A. Miškinis. Assoc. Prof. G. Dzemydaitė. 2020–2024.
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 findings in scientific publications and international conferences.

National Research Projects
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). The Research Council of Lithuania. Research Group: V. Cohen, J. Droždz, 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. The research group also seeks to determine the impact of COVID-19 on the selected indicators and to assess their interrelationship in Eastern European countries.

Changes in the Economic Structure, Efficiency of Economic Sectors and Increasing Productivity. The Research Council of Lithuania. Dr G. Dzemydaitė, Prof. A. Miškinis. 2020–2022.
The aim of the project is to evaluate the efficiency of economic sectors of the EU countries and regions, and to provide suggestions for increasing productivity and development of smart specialisation strategies.

Correcting misperceptions of COVID-19 data: an Innovative E-platform Cognitive STATS for Training Statistical Intuitions in the General Public. Funding from the European Social Fund under a grant agreement with the Research Council of Lithuania. Smart project with MIF. Dr G. Dzemydaitė.

Optimisation of the Network of Higher Education Institutions and Improvement of the Quality of Studies by Connecting Šiauliai University to Vilnius University.

International Research Projects
Reassessment of the Optimum Currency Area in the Persistently Heterogeneous European Union (Euro4Europe). European Social Fund. Dr S. Kapounek. 2018–2022.
The project aims to reassess the evolution of business cycle synchronisation 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 synchronisation. 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 synchronisation.

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)

OTHER RESEARCH ACTIVITIES
Ass. prof. Dr Laimutė Urbšienė
• A member of OMEE, VU EVAF (https://www.journals.vu.lt/omee).
Ass. prof. Dr Giedrė Dzemydaitė
• A board member of the Baltic Region Research Association (https://rekvizitai.vz.lt/imone/baltijos_regiono_tyreju_asociacija/).
• A member of the ERSA - European regional science association, which is a part of RSAI (Regional Science Association International) (https://www.regionalscience.org/rsaimembers/).
• A member of the Editorial Board of the Scientific Journal „Social Research“ (https://www.zurnalai.vu.lt/social-research/about/editorialTeam).
Ass. prof. Dr Viktorija Cohen
• The president of the Lithuanian Economists Association.
• A member of the American Real Estate and Urban Economics Association
Ass. prof. Dr Arūnas Burinskas
• A board member of the Lithuanian Economists Association.
Ass. prof. Dr Rima Rubčinskaitė
• A member of the Regional Studies Association (https://www.regionalstudies.org/).
• A member of the European Regional Studies Association; Baltic Section (https://ersa.org/about-us/what-is-ersa/).
• A member of the European Economic Association (eeasoc.org).
• A member of the Lithuanian Economists Association.

MOST IMPORTANT PARTICIPATION CASES OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS, ORGANISATIONS, BUSINESS ENTITIES
Ass. prof. Dr Laimutė Urbšienė
• Vice-Chair of the Board. SĮ „Vilniaus miesto būstas“.
Ass. prof. Dr Giedrė Dzemydaitė
• Research report "Evaluation of the 2015-2017 phase of the Regional Cultural Development Programme 2012-2020".
Ass. prof. Dr Viktorija Cohen
• A researcher in the Lithuanian Innovation Center (LIC).
Ass. prof. Dr Jolanta Drozdž
• The head of the Projects Group in the Government Strategic Analysis Center.
Ass. prof. Dr Arūnas Burinskas
• The head d of the Public Policy Research Team in the Government Strategic Analysis Center.

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES
Ass. prof. Dr Laimutė Urbšienė
• The meaning of Article 3 (5) of the Markets in Financial Instruments Directive (MiFID).
Ass. prof. Dr Giedrė Dzemydaitė
• Research report "Evaluation of the 2015-2017 phase of the Regional Cultural Development Programme 2012-2020".
Ass. prof. Dr Viktorija Cohen
• International company investments, R&D development and project development.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES
Ass. prof. Dr Giedrė Dzemydaitė
• 2-6-2022 Info TV comments with A. Mažetis show, comments on real estate tax: https://lnk.lt/info-komentarai-su-arnu-mazeciu.
• 11-2-2022 Comments on LNK News and Info TV reportage on public services and the use of taxes collected: https://lnk.lt/zinios-1830.
• 11-7-2022 Participation in a discussion on the LRT radio show “Current Affairs Studio” about inflation and its means. https://www.lrt.lt/mediateka/irasas/2000223674/lrt-aktualiju-studija-ar-brangstantis-gyvenimas-prives-prie-socialiniu-neramumu.
Ass. prof. Dr Agnė Laužadytė-Tutlienė
• An article: https://www.lrytas.lt/verslas/rinkos-pulsas/2022/04/01/news/metu-pradzia-palygino-su-laikotarpiu-pries-pat-pasauline-ekonomikos-krize-kas-vyksta-darbo-rinkoje-22172029.
• An article: https://www.15min.lt/verslas/naujiena/finansai/pagerinti-negalima-pabloginti-kur-desime-kableli-vykdant-dar-viena-reforma-neigaliuju-uzimtumo-problemoms-spresti-662-1681918.

DEPARTMENT OF FINANCE

Sauletėkio al. 9, bld 2, LT-10222 Vilnius
Tel. 236 6142
E-mail:
Head – Prof. Dr Alfreda Šapkauskienė

STAFF
Professor: Dr R. Kanapickienė, Dr J. Stankevičienė
Associate professors: Dr E. Bikas, Dr G. Keliuotytė-Staniulėnienė, Dr D. Teresienė, Dr An. Laurinavičius (part-time), Dr Al. Laurinavičius (part-time), Dr J. Kartašova (part-time)
Assistants: Dr L. Jurkšas, Dr M. Valukonis.
Junior assistant: D. Petreikiene, A. Kaab Omeir.
Doctoral students: R. Bruzgė, R. Guobužaitė, A. Jakubauskaitė, A. Kažytė, E. Kvedaravičiūtė, V. Kvietkauskas, A. Kaab Omeir.

RESEARCH INTERESTS
• Financial technologies (FinTech)
• Sustainable Finance
• Green Finance
• Financial ethics
• Public finance issues
• Strategic finance management
• Behavioural economics
• Risk management
• Central banking challenges

MAIN PUBLICATIONS IN 2022
1. Bruzgė, Rasa; Šapkauskienė, Alfreda. Network analysis on Bitcoin arbitrage opportunities // North American journal of economics and finance. New York: Elsevier Science. ISSN 1062-9408. eISSN 1879-0860. 2022, vol. 59, art. no. 101562, p. [1-26]. DOI: 10.1016/j.najef.2021.101562.
2. Bruzgė, Rasa; Šapkauskienė, Alfreda. Dataset for Bitcoin arbitrage in different cryptocurrency exchanges // Data in Brief. Amsterdam: Elsevier Inc. ISSN 2352-3409. eISSN 2352-3409. 2022, vol. 40, art. no. 107731, p. [1-7]. DOI: 10.1016/j.dib.2021.107731.
3. Laurinavičius, Alfredas; Laurinavičius, Antanas; Laurinavičius, Algimantas. Macroeconomic variables influencing housing prices in Vilnius // International journal of strategic property management. Vilnius: Vilnius Gediminas Technical University. ISSN 1648-715X. eISSN 1648-9179. 2022, vol. 26, iss. 1, p. 24-34. DOI: 10.3846/ijspm.2021.15961.
4. Kanapickienė, Rasa; Keliuotytė-Staniulėnienė, Greta; Teresienė, Deimantė; Špicas, Renatas; Neifaltas, Airidas. Macroeconomic determinants of credit risk: evidence on the impact on consumer credit in Central and Eastern European Countries // Sustainability. Basel: MDPI. eISSN 2071-1050. 2022, vol. 14, no. 20, art. no. 13219, p. [1-62]. DOI: 10.3390/su142013219.
5. Chen, Jiang; Zhao, Long; Teresienė, Deimantė; Keliuotytė-Staniulėnienė, Greta; Budrienė, Daiva; Kanapickienė, Rasa; Kartašova, Jekaterina; Gu, Jianqiang. Regional response of low carbon investments to the COVID-19 pandemic: the case of stock markets in seeking carbon neutrality goals // Frontiers in environmental science. Lausanne: Frontiers Media S.A. eISSN 2296-665X. 2022, vol. 10, art. no. 938141, p. [1-20]. DOI: 10.3389/fenvs.2022.938141.s001.
6. Zhou, Yang; Teresienė, Deimantė; Keliuotytė-Staniulėnienė, Greta; Kanapickienė, Rasa; Dong, Rebecca Kechen; Kaab Omeir, Ahmad. The Impact of COVID-19 pandemic on government bond yields // Frontiers in environmental science. Lausanne: Frontiers Media S.A. eISSN 2296-665X. 2022, vol. 10, art. no. 881260, p. [1-20]. DOI: 10.3389/fenvs.2022.881260.
7. Keliuotytė-Staniulėnienė, Greta; Kviklis, Julius. Stock market reactions during different phases of the COVID-19 pandemic: cases of Italy and Spain // Economies: The impact of COVID-19 on financial markets and the real economy. Basel : MDPI. eISSN 2227-7099. 2022, vol. 10, iss. 1, art. no. 3, p. [1-32]. DOI: 10.3390/economies10010003.

RESEARCH PROJECTS
Implementation of a Blockchain-Based Payment System for Encouraging the Use of Tourism Services After the COVID-19 Pandemic. (No. 13.1.1-LMT-K-718-05-0006). Funded by the European Regional Development Fund under measure No. 01.2.2-LMT-K-718: “Research Projects Implemented by World-Class Researcher Groups Aimed at Developing Results in Line with R&D Topics Relevant to the Economic Sectors which could then be Commercialised” – the European Union’s measure in response to the COVID-19 pandemic. Head: Prof. Dr Alfreda Šapkauskienė

Model for Assessing the Economic Behavior and Credit Risk of Participants in Loan Comparison Platforms Like Fintech in the Context of COVID-19. (No. 13.1.1-LMT-K-718-05-0010). Funded by the European Regional Development Fund under measure No. 01.2.2-LMT-K-718: “Research Projects Implemented by World-Class Researcher Groups Aimed at Developing Results in Line with R&D Topics Relevant to the Economic Sectors which could then be Commercialised” – the European Union’s measure in response to the COVID-19 pandemic. Head: Prof. Dr Rasa Kanapickienė.

The Fiscal-Monetary Policy Nexus in the Post-COVID-19 Euro Area. (No. 09.3.3-LMT-K-712-23-0194). Postdoctoral Fellowship funded by the European Union Funds’ Investment operational programme 9th priority “Educating the society and strengthening the potential of human resources” under measure No. 09.3.3-LMT-K-712: “Development of scientific competences of researchers, other researchers, students through practical scientific activities”. Supervisor: Assoc. Prof. Dr D. Teresienė. Dr L. Jurkšas.

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

OTHER RESEARCH ACTIVITIES
Prof. Dr A. Šapkauskienė
• chair of the international conference-workshop “European Accountancy Week EAW'22” hosted by Vilnius University and International Academic Network European Taxation and Accounting in Practice (ETAP), was held on March 7-12, 2022, Vilnius, Lithuania;
• co-organizer of the Interdisciplinary Research Workshop “FinTech: Finance, Technology & Regulation” hosted by Vilnius University in the framework of the Arqus Research & Innovation project, was held on May 18-20, 2022 Vilnius, Lithuania;
• scientific committee member “3A: transformation of science and business in new economic reality: international scientific conference”, November 25-26, Vilnius https://www.3akonferencija.evaf.vu.lt/participants/scientific-committee;
• scientific committee member – International conference “Society – Economy – Nature: Synergies in Sustainable Development” https://lkk.uni-sopron.hu/images/mtu/2022/2022_mtu_konf_program.pdf;
• editorial board member of the journal Ekonomika (Eng. Economics), https://www.journals.vu.lt/ekonomika/about/editorialTeam;
• member of European Finance Association
Prof. Dr R. Kanapickienė
• editorial board member of the journal Buhalterinės apskaitos teorija ir praktika, https://www.zurnalai.vu.lt/BATP/about/editorialTeam;
• editorial board member of the journal Science and Studies of Accounting and Finance: Problems and Perspectives, https://ejournals.vdu.lt/index.php/ssaf/about/editorialTeam;
• editorial board member of the Sage Open, https://journals.sagepub.com/page/sgo/editorial-board.
Assoc. Prof. Deimantė Teresienė
• editorial board member of the Journal of Business Theory and Practice, http://www.scholink.org/ojs/index.php/jbtp/about/editorialTeam;
• editorial board member of the IETI Transactions on Social Sciences and Humanities, DOI:10.6896/IETITSSH, Malaysia, United States, Hong Kong, http://paper.ieti.net/ssh/editorialboard.html;
• member of International Research Institute for Economics and Management (IRIEM), http://www.iriem.org/memberships/Members.aspx;
• member of Professional Risk Managers’ International Association;
• member of GARP (Global Association of Risk Professionals);
• member of CFA (Certified Financial Analyst) Institute.
Assoc. Prof. Egidijus Bikas
• editorial board member of the journal Buhalterinės apskaitos teorija ir praktika, https://www.zurnalai.vu.lt/BATP/about/editorialTeam.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD
1. Alfreda Šapkauskienė, Rasa Bruzgė. Stylized facts, volatility dynamics and risk measures of cryptocurrencies. World Finance Conference, 1-3 August 2022, Italy;
2. Linas Jurkšas. ECB Monetary Policy Communication: Does It Move Euro Area Yields? 2022 ZEW Public Finance Conference; 5-6 May 2022, Germany;

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. Kanapickienė
• member of Payment Council, Ministry of Finance of the Republic of Lithuania and Bank of Lithuania.
Prof. Dr A. Šapkauskienė
• member of the Financial Literacy Working Group, Ministry of Finance / Ministry of Education, Science and Sports of the Republic of Lithuania
Assoc. Prof. Dr Deimantė Teresienė
• 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. Dr Linas Jurkšas
• member of Eurosystem’s work Stream of ECB strategy review on Fiscal and Monetary Policy in a Monetary Union; member of Eurosystem’s Task Force on Banking Analysis for Monetary Policy.

DEPARTMENT OF MANAGEMENT

9 Saulėtekio, 2-706, LT-10222 Vilnius
Tel. 236 6134, fax. 236 6127
E-mail:
Head – Prof. Dr Danuta Diskiene

STAFF
Professors: Dr D. Diskienė, Dr G. Drūteikienė, Dr J. Ruževičius, Dr D. Serafinas Associate professors: Dr R. Adomaitienė, Dr A. Stankevičienė, Dr V. Tamaševičius,
Dr R. Paulienė, Dr R. Korsakienė (part-time)
Assistants: Dr J. Šarupičiūtė (part-time), Dr D. Ruželė, Dr, R. Labanauskis (part-time)
Junior assistants: D. Budrienė (part-time),
Lecturers: Dr Ž. Grakauskas (part-time), K. Jakutytė-Ancienė (part-time).
Doctoral students: D. Budrienė N., A. Šaltis, Nabil Abu Ibrahim, I. Stravinskienė,
G. Narbutė, V. Buckė, U.Kasperavičiūtė, D. Voveris, O. Raudonė.

RESEARCH INTERESTS
• Business management and administration
• Managerial potential of leaders
• Human resource management activities
• Improvement of organisational reputation
• Improvement of methodology for quality assessment of business and education performance
• Lean management, organisational 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 2022
Research Projects Supported by the University Budget
Challenges of Human Resources Management in the context of sustainable development. Prof. D. Diskienė. 2022–2024.
The aim of this research is to reveal the evidence and challenges of human resource management practices in the context of the sustainable development of organisations in Lithuania.

MAIN PUBLICATIONS
1. Shoaib, Muhammad; Nawal, Ayesha; Korsakienė, Renata; Zámečník, Roman; Rehman, Asad Ur; Raišienė, Agota Giedrė. Performance of academic staff during COVID-19 pandemic-induced work transformations: an IPO model for stress management // Economies. Basel : MDPI. eISSN 2227-7099. 2022, vol. 10, iss. 2, art. no. 51, p. 1-21. DOI: 10.3390/economies10020051. [DOAJ; Business Source Ultimate; Scopus; Emerging Sources Citation Index (Web of Science)] [Indėlis: 0,166] [Citav. rod.: CiteScore: 2,70; SNIP: 1,095; SJR: 0,435; kvartilis: Q2 (2021, Scopus Sources)] [M.kr.: S 003]
2. Paulienė, Rasa; Diskienė, Danuta; Tamaševičius, Virginijus; Blankutė, Dovilė. Interaction of organizational culture, managers' leadership style, employee job satisfaction and commitment in Covid-19 conditions // 15th annual conference of the EuroMed Academy of business : sustainable business concepts and practices : proceedings book / Demetris Vrontis, Yaakov Weber, Evangelos Tsoukatos (eds.), September 21-23 2022 Palermo, Italy : EuroMed Press, 2022. ISBN 9789963711963. ISSN 2547-8516. p. 668-680. Prieiga per internetą: . [Indėlis: 1,000] [M.kr.: 00
3. Vaiginiene, Erika; Pauliene, Rasa; Nausedaite, Reda; Mazeikaite, Daiva. Impact of covid-19 on investments by companies in research, development and innovation: the case of Lithuania”. (2022) Business Under Crisis, Volume II: Organisational Adaptations. Demetris Vrontis, Alkis Thrassou, Yaakov Weber, S. M. Riad Shams, Evangelos Tsoukatos, Leonidas Efthymiou (eds.) Publisher: Springer International Publishing. Book Series : Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business. Prieiga per internetą: https://www.springerprofessional.de/en/business-under-crisis-volume-ii/19915842

The Study of Total Quality Management Models and Processes in the Context of Sustainable Development. Prof. D. Serafinas. 2022
The purpose of this research was to develop total quality management theory and methodology in the Context of Social, Green, and Circular Economy. The research subjects are International, National and Regional public and private subjects.
Main publications:
1. Veronika Buckė, V., Ruželė, D, Ruževičius, J.,Buckus, R.(2022) The link between the application of quality management principles and risk management in healthcare. 12th International scientific conference “Business and management 2022”, pp. 1-12. May 12-13, 2022, Vilnius, Lithuania (P1a - Straipsnis konferencijos medžiagoje (DB Clarivate Analytics Web of Science, SCOPUS, Emerging Sources Citation Index (ESCI), EBSCO, CABELL'S and PROQUEST).
2. Šimonytė, Sandrita; Adomaitienė, Roma; Ruželė, Darius. Experience of lean application in higher education institutions // International journal of lean six sigma. Bingley : Emerald Group Publishing Ltd. ISSN 2040-4166. eISSN 2040-4174. 2022, vol. 13, iss. 2, p. 408-427. DOI: 10.1108/IJLSS-11-2020-0208. [Scopus; Social Sciences Citation Index (Web of Science); Science Citation Index Expanded (Web of Science)] [Indėlis: 0,666] [Citav. rod.: IF: 5,686; AIF: 5,624; kvartilis: Q2 (2021, Clarivate JCR SSCI); IF: 5,686; AIF: 6,347; kvartilis: Q2 (2021, Clarivate JCR SCIE)] [Citav. rod.: CiteScore: 7,20; SNIP: 1,640; SJR: 0,790; kvartilis: Q1 (2021, Scopus Sources)] [M.kr.: S 007,S 003]
3. Stravinskienė, Inga. The link between the business process management capabilities and the benefits created by robotic process automation in an organisation // Vilnius University Open Series: 16th Prof. Vladas Gronskas International Scientific Conference, Kaunas: Vilnius University Kaunas Faculty, 3rd of December, 2021: Reviewed selected papers / editors: Ingrida Šarkiūnaitė, Oksana Pavlova. Vilnius : Vilniaus universiteto leidykla. eISSN 2669- 2139. 2022, p. 64-71. DOI: 10.15388/ISC.2022.9. [ERIH Plus; DOAJ; Dimensions] [Indėlis: 1,000] [M.kr.: S 00

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INOVATION) PARTNERS
Klaipėda University (Lithuania)
Wroclaw University of Economics (Poland)
Lund University (Sweden)
Bucharest University of Economics (Romania)
“QMS Italia” S.R.L (Italy, Napoli)
RIOHS (Italy) - https://osservatori.iuse.it/riohs/
Lithuanian Association for Quality Management and Innovations (Lithuania)
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)
Lithuanian Small and Medium Enterprise Board (Lithuania)

OTHER SCIENTIFIC ACTIVITIES
Participation in editorial boards:
Prof. D. Diskienė
• editorial board member of the journal Organizations and Markets in Emerging Economies; http://www.om.ef.vu.lt/index.php?item_id=4
• editorial board member of the journal Entrepreneurship and sustainability issue; http://jssidoi.org/jesi/international-editorial-board
• editorial board member of the journal Accounting Theory and Practice; https://www.journals.vu.lt/BATP/issue/view/1564

Prof. G. Drūteikienė
• editorial board member of the Bulletin of Taras Shevchenko National University of Kyiv. Economics”. http://bulletin-econom.univ.kiev.ua/
• editorial board member of Contemporary Research on Organization Management and Administration (CROMA journal), http://journal.avada.lt/
• Assoc. Prof. A. Stankevičienė –
• editorial board member of the journal Accounting Theory and Practice; https://www.journals.vu.lt/BATP/issue/view/1564
• Prof. J. Ruževičius –
• editorial board member of the international journal Commodities and Markets, Kiev National Economics University; http://tr.knteu.kiev.ua/index.php?lang=uk&Itemid=101;
• editorial board member of the international journal Forum Ware International, Vienna University, IGWT, DGWT, OGWT, http://forumware.wu-wien.ac.at; http://publications.rwth-aachen.de/record/428887 ; http://www.igwt.uek.krakow.pl/journals.html
• scientific board member of the journal International Journal of Business: Innovations, Psychology and Economics; http://kuryba.lt/en/; https://journals.indexcopernicus.com/search/details?id=25525
• editorial board member of the international MDPI journal “STANDARDS”. Switzerland, ISSN: 2305-6703). – https://www.mdpi.com/journal/standards/editors
• editorial board member of the international journal Quality: Access to Success (Scopus, Romania, Bucharest) http://www.srac.ro/calitatea/en/
• editorial board member of the international journal Altyn Sapa (Aлтын Caпa - Gold Quality), Almata, Kazakhstan;
• editorial board member of the international journal Quality Management / Менеджмент качества (Almata, Kazakhstan); http://www.regconasia.kz/index.php?option=com_content&view=article&id=78:magazine&catid=42:magazine&Itemid=57; http://www.akr.kz/ex2010/pki/guests2010/m10.htm ; http://menedzhment-kachestva-zhurnal.kz24.online/ ;
• editorial board member of the international journal Public administration aspects (Ukraine). https://aspects.org.ua/index.php/journal
Prof. D. Serafinas
• Chairman of Editorial Board of bi-weekly magazine “Mokslo Lietuva” (Sciantific Lithuania); www.mokslolietuva.lt
• member of the Editorial & Review Board of the international journal Quality Issues and Insights in the 21st Century (http://www.scientiasocialis.lt/qiic/?q=node/2 );
• scientific board member of the peer-reviewed journal International Journal of Business: Innovations, Psychology and Economics (http://kuryba.lt/en/journal.php );
• editorial board member of the international journal Public administration aspects (Ukraine). https://aspects.org.ua/index.php/journal
• Assoc. Prof. R. Paulienė –
• Editorial board member of the international journal Political Studies Forum (Rumunija) https://pfc.uvt.ro/political-studies-forum/

BEST REPORTS DELIVERED AT CONFERENCES ABROAD
1. Juozas Ruževičius. Pranešimas: The link between the application of quality management principles and risk management in healthcare. Tarptaut. konferencija: 12th International scientific conference “Business and management 2022”, pp. 1-12. May 12-13, 2022, Vilnius, Lithuania.
2. Juozas Ruževičius. Pranešimas: Standards and Quality. Tarptautinė konferencija: „Comming up to Standards“, Ciurichas/Zirich, MDPI, SCI Forum, 2022.09.28
3. Darius Ruželė: “Business and Management ‘2022” (2022.05.12-13). Konferencijos rengėjai Vilnius Gediminas Technical University (Vilnius, Lithuania). Teiktas pranešimas „The Link Between The Application Of Quality Management Principles And Risk Management In Healthcare“. http://bm.vgtu.lt/index.php/verslas/index/pages/view/agenda
4. Rasa Paulienė. Pranešimas: Working remotely: interaction and relationships between employer image, employee motivation and retention in the company. Tarptaut. konferencija: 15th EuroMed Academy of Business conference “Sustainable Business Concepts and Practices“, Palermo, Italija, September 21-23.
5. Rasa Paulienė. Pranešimas: Interaction of organizational culture, managers' leadership style, employee job satisfaction and commitment in Covid-19 conditions. Tarptaut. konferencija: 15th EuroMed Academy of Business conference “Sustainable Business Concepts and Practices“, Palermo, Italija, September 21-23.

THE LIST OF THE MOST IMPORTANT CASES OF PARTICIPATION OF RESEARCHERS IN WORKING GROUPS OR COMMISSIONS SET UP BY STATE AUTHORITIES, STATE AND MUNICIPAL INSTITUTIONS AND ORGANISATIONS, AND BUSINESS ENTITIES
Prof. D. Serafinas
• Honorable member of Lithuanian Association for Quality Management and Innovations (https://rekvizitai.vz.lt/imone/lietuvos_kokybes_vadybos_ir_inovaciju_asociacija/ );
• Honorable president of International Guild of Quality Professionals (http://qualityassociation.lt/guild-of-quality-professionals/ );
• head of COST project “The voice of research administrators - building a network of administrative excellence (BESTPRAC)” (Lithuanian Scientific Council) (https://informacija.lmt.lt/COST/ );
• member of the Board of the Lithuanian Small and Medium Business Council under the Ministry of Economy of the Republic of Lithuania (http://qualityassociation.lt/wp-content/uploads/2017/04/SVV-taryba-LRV-nutarimas-2017.pdf ).
• Chairman of Lithuanian Scientists Society; http://lms.lt/lms-taryba/
• Chairman of Technical committee TK 94 „Circular Economy“; https://eshop.lsd.lt/public#!/committee/info/428700
Prof. J. Ruževičius
• president of Lithuanian Society of Commodity Science; https://rekvizitai.vz.lt/imone/lietuvos_prekiu_mokslo_draugija/
• full member of International Guild of Quality Professionals; http://qualityassociation.lt/guild-of-quality-professionals/members-nariai/ ; http://qualityguild.center.ru/members-guild/28
• honorary member of Lithuanian Association for Quality Management and Innovations; http://qualityassociation.lt/sample-page/
• full Member of the international scientific organization BASIQ "ASSOCIATION FOR INNOVATION AND QUALITY IN SUSTAINABLE BUSINESS" (Bucharest, Paris). https://basiq.ro/members/ ; http://www.anc.edu.ro/dina/cautare.aspx
• researcher in an international scientific group RIOHS (Italy) - https://osservatori.iuse.it/riohs/ (Research and Innovation Observatory on Health and Social Care)

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES
Dalius Serafinas
Consultations on Sustainable development and TQM:
1. National Education Agency under the Ministry of Science, Education and Sports – expert advises on implementation of Quality management system
2. Lithanian Parliament and Government – Consultations on Implementation of Socially Oriented Green Economy in Lithuania
3. Ukmergė, Mazeikiai , Lazdijai municipalities – Consultations on Implementation of Social Business Acceleration system using available abandoned infrastructures and socially sensitive groups;
4. Ministry of Economics and Innovations – Proposals for Social Business Law improvement, and proposals for Social Business Development Program
5. Ministry of Agriculture – implementation of Short Supply Chains of Food in Lithuania

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES
1. Prof. D. Serafinas. Risk Management in Biological Valuable Food Short Supply Chains (Trumpųjų biologiškai vertingo maisto tiekimo grandinių rizikų valdymas) in Conference “Value Creation Innovations in Developing of Biological Valuable Food Short Supply Chains and Local Markets” organized by EIP group of Vytautas Magnus University. 2022-09-21
2. Prof. D. Serafinas. The Concept of Socially Oriented Green Economy and Possibilities of It‘s Implementation in the Context of Regional Resielence Challenges
3. In Conference International Interdisciplinary Scientific Conference “Socially Oriented Green Economy – the Base of Regional Development”; Organized by Regional Social Economy Development Center in cooperation with Lithuanian Scientists Society. May 5-6, 2022
4. Assoc. prof. A. Stankevičienė Article „ Digitalization: Can robots replace humans?” https://www.lrt.lt/naujienos/mokslas-ir-it/11/1816910/skaitmenizacija-ar-robotai-gali-pakeisti-zmones

DEPARTMENT OF MARKETING

Saulėtekio al, bld 2 - 819, LT-10222 Vilnius
Tel. 236 6146
E-mail:
Head – Prof. Dr Sigitas Urbonavičius

STAFF
Professors: Dr S. Urbonavičius, Dr V. Dikčius.
Associate professors: Dr K. Adomavičiūtė, Dr M. Degutis, Dr A. Gaižutis, Dr R. Časas; Dr E. Rudienė
Associate professors of practice: Dr A. Jonkus, Dr R. Ivanauskas.
Assistants: Dr I. Radavičienė, Dr V. Kaduškevičiūtė, Dr S. Kiršė, Dr I. Zimaitis.
Junior assistants: R.Andrulienė, Yiyuan Ying.
Research fellows: Dr K. Adomavičiūtė- Sakalauske, Dr V. Škare.
Doctoral students: R. Andrulienė, E. Blažinauskytė, G. Dagytė-Kavoliūnė, Yiyuan Ying, N. Letukytė, I. Venskuvienė.
Senior Researcher: Dr L. D. Hollebeek.

RESEARCH INTERESTS
• Consumer privacy and behaviour in the digital environment
• Effects of gamification on consumer behaviour
• Consumer and stakeholder engagement issues
• Tourist behaviour

RESEARCH PROJECTS CARRIED OUT IN 2022
Projects Supported by the University Budget
Consumers and Companies in a Dynamic Environment. Prof. Dr S. Urbonavičius. 2020–2024.
Continuing the research topic “Consumer Behaviour Tendencies in a Dynamic Environment”, the researchers of the Department presented the findings in numerous publications.
Main publications:
1. Hollebeek, L. D., Kumar, V., Srivastava, R. K., & Clark, M. K. (2022). Moving the stakeholder journey forward. Journal of the Academy of Marketing Science, 1-27.
2. Hollebeek, L. D., Sprott, D. E., Urbonavicius, S., Sigurdsson, V., Clark, M. K., Riisalu, R., & Smith, D. L. (2022). Beyond the Big Five: The effect of machiavellian, narcissistic, and psychopathic personality traits on stakeholder engagement. Psychology & Marketing, 39(6), 1230-1243.
3. Zimaitis, I., Urbonavičius, S., Degutis, M., & Kaduškevičiūtė, V. (2022). Influence of trust and conspiracy beliefs on the disclosure of personal data online. Journal of business economics and management, 1-18.

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

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

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

Modification of models traditionally used for online shopping behaviour including COVID-19 factors. Research Council of Lithuania. Assoc. prof. K. Adomaviciute – Sakalauske. 2022-2025.

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. Urbonavičius
• 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, http://www.journals.vu.lt/omee;
• editorial board member of the journal Journal of Marketing Education, Sage Journals, https://journals.sagepub.com/home/jmd;
• editorial board member of the journal Trziste (Market), Zagreb University, http://hrcak.srce.hr/trziste?lang=en;
• editorial board member of the journal Ekonomika (Economics), http://www.journals.vu.lt/ekonomika;
• Track Chair of 2022 Annual Conference of Association of Marketing Society.
Prof. V. Dikčius
• 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, http://www.journals.vu.lt/omee.
Assoc. Prof. Dr A. Gaižutis
• 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, http://www.europeanlandowners.org/;
• member of joint committee on private forestry development issues, established by the Minister of Environment;
• member of Advisory Council on Forestry under Ministry of Environment, established by the Minister of Environment, www.am.lt;
• chairman of the Forest Owners Association of Lithuania, www.forest.lt;
• member of Council of Lithuanian Chamber of Agriculture, www.zur.ltww.zur.lt;
Assoc. Prof. Dr M. Degutis
• national editor of Eurobarometer Report (European Commission);
• member of ESOMAR (European Society for Opinion and Marketing Research).
Assoc. Prof. Dr K. Adomaviciute – Sakalauske
• deputy editor-in chief of the journal Organizations and Markets in Emerging Economies, (journals.vu.lt/omee)
Dr I. Radavičienė
• member of Lithuanian Marketing Association LiMA;
• Neuromarketing Science & Business Association NMSBA, https://www.nmsba.com.
Dr V. Kaduškevičiūtė
• member of Lithuanian Marketing Association LiMA.
• member of the European Marketing Academy (EMAC)
Dr I. Zimaitis
• assistant editor of the journal Organizations and Markets in Emerging Economies (journals.vu.lt/omee)
• member of The European Marketing Academy (EMAC);
R. Andrulienė
• member of The European Marketing Academy (EMAC)

BEST REPORTS DELIVERED AT CONFERENCES ABROAD
1. Dikčius, V., Adomavičiūtė, K., Kiršė, S., & Zimaitis, I. How loyal are online store customers: a meta analysis of e-loyalty. 12th International Scientific Conference „Business and Management 2022 “. VilniusTech, Vilnius, Lithuania 2022, May.
2. Adomaviciute-Sakalauske, K., Dikcius, V., & Zimaitis, I. MOOCs: What Impacts Learners’ Continuance Intention, Intention to Complete or Cancel a Course? 13th EMAC Regional Conference, “Reshaping Consumer Centred Marketing: I Want It All, and I Want It Now,”. Kaunas technology University, Kaunas, Lithuania, 2022, September.
3. Mindaugas Degutis, Sigitas Urbonavicius, Vaida Kaduskeviciute “Personal Data Disclosure and Two Purchasing Behaviours: Online Buying and Webrooming” at the 13th EMAC Regional Conference, September 21-23, 2022, Kaunas, Lithuania

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 Gaižutis
• expert of EU Civil dialogue group on Forestry and Cork, Coordinated by the Directorate-General for Agriculture and Rural Development, European Commission; https://ec.europa.eu/agriculture/civil-dialogue-groups/forestry-cork_en;
• 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 http://new-www.forestplatform.org/#!/pages/59;
• member of Coordination group of National Agreement on Forests, Coordinator of Social Group of Private forest owners, https://nacionalinismiskususitarimas.lt/; Agency for Science, Innovation and Technology MITA, expert https://mita.lrv.lt/lt/veiklos-sritys/ekspertine-veikla/ekspertines-veiklos-organizavimas;
• member of Advisory Committee on Forest under the Ministry of Environment of Lithuania https://am.lrv.lt/lt/veiklos-sritys-1/miskai/misku-politika/misku-konsultacine-taryba.

DEPARTMENT OF QUANTITATIVE METHODS AND MODELLING

Head. Assoc. Prof. Algirdas Bartkus

STAFF
Professors: Teodoras Medaiskis, Gindrutė Kasnauskienė, Tomas Baležentis,
Associate professors: Vita Karpuškienė,
Lecturers: Rasa Stasiukynaitė, Rasa Stasiukynaitė
Junior research fellows: Kristina Zitikytė, Vaiva Petrylė
Doctoral students: Andrius Vainilavičius, Karolina Kriščiūkaitytė, Kristina Mažeikaitė

RESEARCH INTERESTS
• Application of Econometrics and Statistics, Macroeconomics
• Industrial Organisation
• Economic Demography
• Economics of Social Security
• Agricultural Economics

RESEARCH PROJECTS CARRIED OUT IN 2022
Contractual Research
Longitudinal study of Lithuanian alcohol consumption habits and environment (contract VU EBAF and ICC-Lithuania (Lithuanian Business Confederation)).Algirdas Bartkus, Vita Karpuškienė.

OTHER RESEARCH ACTIVITIES
Gindrutė Kasnauskienė, https://www.zurnalai.vu.lt/statisticsjournal/index, Lithuanian Journal of Statistics Lietuvos statistikos darbai, Editorial board member
Gindrutė Kasnauskienė, https://www.ihs-humanities.com, International Humanities Studies, Editorial board member
Gindrutė Kasnauskienė, http://www.pgie.tsu.ge/index.php?menuid=17&lang=2&id=152, The journal “Ekonomisti”, Editorial board member
Gindrutė Kasnauskienė, http://economicprofile.org, Economic Profile, Editorial board member
Tomas Baležentis, https://ejournals.vdu.lt/index.php/mtsrbid/about/editorialTeam, Management Theory and Studies for Rural Business and Infrastructure Development
Editorial board member
Tomas Baležentis, https://journals.vilniustech.lt/index.php/TEDE/editorialboard, Technological and Economic Development of Economy, Editorial board member
Tomas Baležentis, https://cebr.vse.cz/about-journal/inf-990000-0500_Editorial-Board.php, Central European Business Review , Editorial board member
Tomas Baležentis, https://www.mnje.com/editorial_board, Montenegrin Journal of Economics, Editorial board member
Tomas Baležentis, https://www.keaipublishing.com/en/journals/chinese-journal-of-population-resources-and-environment/editorial-board/, Chinese Journal of Population, Resources and Environment, Scientific Editor

BEST REPORTS DELIVERED AT CONFERENCES ABROAD
1. Vaiva Petrylė, 12th International Scientific Conference Business and Management 2022, Vilnius Tech, Vilnius, Lithuania, 12–13 May, 2022, The Impact of the Pandemic Year on Export: Lithuanian Gravity.
2. Gindrutė Kasnauskienė, 15th annual conference of the EuroMed Academy of Business: sustainable business concepts and practices, September 21-23 2022 Palermo, Italy, How has COVID-19 affected the residential real estate market: case of Lithuania.
3. Balezentis, T., Eidukaitis, S. 2022. Dynamics in the revenue for selected agricultural products in the central and Eastern European countries. V International Science Conference SER 2022. September 12th – 14th, 2022, Igalo (Herceg Novi), Montenegro.

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES
Algirdas Bartkus, Vita Karpuškienė. Longitudinal study of Lithuanian alcohol consumption habits and environment (contract VU EBAF and ICC-Lithuania (Lithuanian Business Confederation)).

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES
Constant delivery of insights and comments for the press, regarding the current economic affairs in Lithuania.

DOCTORAL DISSERTATIONS MAINTAINED IN 2022
JAUNIUS KARMELAVIČIUS "The Impact of Macroprudential Policy on the Economy of Lithuania”

MAIN SCIENTIFIC ACHIEVEMENTS IN 2022
1. Kasnauskienė, Gindrutė; Kubilius, Žilvinas. How has COVID-19 affected the residential real estate market: case of Lithuana // 15th annual conference of the EuroMed Academy of business: sustainable business concepts and practices : proceedings book / Demetris Vrontis, Yaakov Weber, Evangelos Tsoukatos (eds.), September 21-23 2022 Palermo, Italy : EuroMed Press, 2022. ISBN 9789963711963. ISSN 2547-8516. p. 1165-1172. Prieiga per internetą: <https://emrbi.org/euromed-press/clarivate-analytics/>.
2. Kavalnis, Remigijus; Kasnauskienė, Gindrutė. Push or pull: what drives emigration from Lithuania? // Organizations and markets in emerging economies. Vilnius: Vilniaus universiteto leidykla. ISSN 2029-4581. eISSN 2345-0037. 2022, vol. 13, no. 1, p. 26-49. DOI: 10.15388/omee.2022.13.69.
3. Eidukaitis, Simonas; Baležentis, Tomas. Agricultural revenue in Latvia, Lithuania, and Poland: An application of the LMDI decomposition // Journal of international studies: Centre of Sociological Research. ISSN 2071-8330. eISSN 2306-3483. 2022, vol. 15, no. 3, p. 9-22. DOI: 10.14254/2071-8330.2022/15-3/1.
4. Baležentis, Tomas; Kerstens, Kristiaan; Shen, Zhiyang. Economic and environmental decomposition of Luenberger-Hicks-Moorsteen total factor productivity indicator: empirical analysis of Chinese textile firms with a focus on reporting infeasibilities and questioning convexity // IEEE Transactions on engineering management. Piscataway, NJ : Institute of Electrical and Electronics Engineers Inc. ISSN 0018-9391. eISSN 1558-0040. 2022, first on line, p. [1-14]. DOI: 10.1109/TEM.2022.3195568.
5. Shen, Zhiyang; Baležentis, Tomas; Vardanyan, Michael. Evaluating green productivity gains with the exponential by-production technology: an analysis of the Chinese industrial sector // Environmental modeling & assessment. Dordrecht: Springer. ISSN 1420-2026. eISSN 1573-2967. 2022, vol. 27, p. 759-770. DOI: 10.1007/s10666-022-09849-y.
6. Nestorenko, Tetyana; Nestorenko, Oleksandr; Morkūnas, Mangirdas; Volkov, Artiom; Baležentis, Tomas; Štreimikienė, Dalia; Cai, Jinyang. Optimization of production decisions under resource constraints and community priorities // Journal of global information management: IGI Global. ISSN 1062-7375. eISSN 1533-7995. 2022, vol. 30, no. 12, art. no. 66, p. [1-24]. DOI: 10.4018/JGIM.304066.
7. Liu, Sicen; Chen, Xiaodong; Shen, Zhiyang; Baležentis, Tomas. Industrial energy consumption and pollutant emissions: Combined decomposition of relative performance and absolute changes // Business strategy and the environment. Hoboken: Wiley. ISSN 0964-4733. eISSN 1099-0836. 2022, vol. 31, iss. 7, p. 3454-3469. DOI: 10.1002/bse.3094.
8. Baležentis, Tomas. The kernel-based comprehensive aggregation PROMETHEE (PROMETHEE-KerCA) method for multi-criteria decision making with application to policy modelling // Journal of international studies. Szczecin: Centre of Sociological Research. ISSN 2071-8330. eISSN 2306-3483. 2022, vol.15, no. 1, p. 63-77. DOI: 10.14254/2071-8330.2022/15-1/4.
9. Kolisovas, Danielius; Giriūnienė, Gintarė; Baležentis, Tomas; Štreimikienė, Dalia; Morkūnas, Mangirdas. Determinants of the Nordic hedge fund performance // Journal of business economics and management. Vilnius: Vilnius TECH. ISSN 1611-1699. eISSN 2029-4433. 2022, vol. 23, iss. 2, p. 426-450. DOI: 10.3846/jbem.2022.16170.
10. Shen, Zhiyang; Vardanyan, Michael; Baležentis, Tomas; Wang, Jianlin. Analyzing the tradeoff between the economic and environmental performance: the case of the Chinese manufacturing sector // IEEE Transactions on engineering management. Piscataway, NJ : Institute of Electrical and Electronics Engineers Inc. ISSN 0018-9391. eISSN 1558-0040. 2021, first on line, p. [1-12]. DOI: 10.1109/TEM.2021.3118275.
11. Zhang, Mengdan; Chonghui, Zhang; Qiule, Shi; Zeng, Shouzhen; Baležentis, Tomas. Operationalizing the telemedicine platforms through the social network knowledge: an MCDM model based on the CIPFOHW operator // Technological forecasting and social change. New York: Elsevier Science. ISSN 0040-1625. eISSN 1873-5509. 2022, vol. 174, art. no.121303, p. [1-17]. DOI: 10.1016/j.techfore.2021.121303.
12. Morkūnas, Mangirdas; Baležentis, Tomas. Is agricultural revitalization possible through the climate-smart agriculture: a systematic review and citation-based analysis // Management of environmental quality. Bingley: Emerald. ISSN 1477-7835. eISSN 1758-6119. 2022, vol. 33, no. 2, p. 257-280. DOI: 10.1108/MEQ-06-2021-0149.
13. Volkov, Artiom; Morkūnas, Mangirdas; Baležentis, Tomas; Štreimikienė, Dalia. Are agricultural sustainability and resilience complementary notions? Evidence from the North European agriculture // Land use policy. Oxford: Elsevier. ISSN 0264-8377. eISSN 1873-5754. 2022, vol. 112, art. no.105791, p. [1-13]. DOI: 10.1016/j.landusepol.2021.105791.
14. Zitikytė, Kristina. The initial impact of the Covid-19 pandemic on older workers in Lithuania // Ekonomika. Vilnius: Vilniaus universiteto leidykla. ISSN 1392-1258. eISSN 2424-6166. 2022, t. 101, Nr. 2, p. 53-69. DOI: 10.15388/Ekon.2022.101.2.4.
15. Petrylė, Vaiva. COVID-19 pandemic and export: evidence from Lithuania // Organizations and markets in emerging economies. Vilnius: Vilniaus universiteto leidykla. ISSN 2029-4581. eISSN 2345-0037. 2022, vol. 13, no. 1, p. 139-162. DOI: 10.15388/omee.2022.13.74.
16. Poškutė, Virginija; Gudaitis, Tadas; Medaiskis, Teodoras; Mečkovski, Jaroslav. Search for sustainable pension system and state support for funded pensions in CEE countries // Business: theory and practice. Vilnius: Vilnius Gediminas Technical University. ISSN 1648-0627. eISSN 1822-4202. 2022, vol. 23, iss. 2, p. 313-322. DOI: 10.3846/btp.2022.16250.

DEPARTMENT OF THEORETICAL ECONOMICS

Saulėtekio al. 9, LT-01513 Vilnius
Tel. 236 6147
E-mail:
Head – Prof. Dr Vincentas Giedraitis

STAFF
Professors: Dr V. Giedraitis, Dr R. Lazutka.
Assoc. professors: Dr E. Ulvidienė, Dr D. Rudytė, Dr A. Stavytskyy.
Lecturers: N. Ramanauskė, Dr N. Černiauskas. Dr K. Andriuškevičius.
Doctoral students: V. Gabnytė, I. Blažienė.

RESEARCH INTERESTS
• Stabilisation policy in global economic conditions
• Competition and anti-trust policy
• Distribution of income
• Economics of the Welfare State
• Competitive economic growth and social consequences
• Economic factors of population health
• Historical economic criminology
• Energy security

Best publications:
1. Ramanauskė, N.; Baležentis, T.; Kerstens, K.; Zhiyang, S. “Economic and evironmental decomposition of Luengerger-Hicks-Moorsteen total factor produvtivity indicator: empirical evidence of Chinese textile firms with a focus on reporting infeasibilities and questioning convexity.” 2022. IEEE Transactios of engineering management.
2. Stavytskyy, A.; Mara, D.; Kharmalova, G.; Nate, S. “The Place of Energy Security in the National Security Framework: An Assessment Approach.” 2022. Energies 15 (2).
Černiauskas, N.; Sologon, D.; O’Donoghue, C.; Tarasonis, L. “Income inequality and redistribution in Lithuania: the role of policy, labor market, income, and demographics.” 2022. Review of income and wealth.

BEST REPORTS DELIVERED AT CONFERENCES ABROAD
1. Gabnytė, 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“

Research Projects
Giedraitis, Vincentas. Senior research fellow. “Energy efficiency”
Lazutka, Romas. European social policy network (ESPN, Contract n° VC/2018/0463). European Commission DG Employment and Social Affairs. Commissioned by the European Commission. National expert.

OTHER RESEARCH ACTIVITIES
V. Giedraitis. Deputy Editor-in-Chief, “Ekonomika”
V. Giedraitis. Editorial board member: Sociology of development, Journal of World-systems research, Bulletin of Taras Shevchenko National University of Kyiy, Economics, Journal of Advances in Economics and Finance, Information technology and development,
R. Lazutka, Editorial board member: “Ekonomika,” “Socialinė teorija, empirija, politika, ir praktika.”

CONSULTATIONS PROVIDED BY THE UNIT TO THE PUBLIC OR ECONOMIC ENTITIES
N. ČERNIAUKAS. OECD TAX POLICY REVIEWS.
N. ČERNIAUKAS. Consultations given to republic of lithuania’s ministry of finance.
R. LAZUKTA. UAB MACAW INTERNATIONAL LITHUANIA.
R. LAZUTKA. UAB NOVIAN SYSTEMS.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES
R. LAZUTKA. Numerous interviews given to the national press.

CENTER FOR EXPERTISE IN ECONOMICS

9 Saulėtekio ave., building II, LT-10222 Vilnius
Head – Dr Linas Tarasonis

STAFF
Professors/Principal Research Fellows: Dr J. Gineikienė, Dr Jaraitė-Kažukauskė, Dr Y. Joye, Dr A. Kažukauskas
Professor of Practice: Dr M. Jurgilas
Associate Professors/Senior Research Fellows: Dr J. Klimavičiūtė, Dr P. Lastauskas, Dr R. Zubrickas
Assistant Professors/Research Fellows: Dr D. Barauskaitė, Dr J. Garcia-Louzao, Dr G. Hausmann Guil, Dr J. Park, Dr A. Proškutė
Junior research fellows: Dr B. Hemingway, Dr E. Jakučionytė, Ž. Kaminskienė, Dr S. Soofi-Siavash, E. M. Uždavinytė
Doctoral students: F. Asmare Marye, L. Galdikienė, A. Zakarevičiūtė, B. Kofi Edziah

RESEARCH INTERESTS
• Macroeconomics: applied macroeconomics, competition policy, Endogenous Growth Theory, fiscal policy, global economy and spillovers, heterogeneous agents, international macroeconomics, economic policy
• Microeconomics: behavioural economics, economics of long-term care and ageing, energy economics, Environmental and resource economics, firm dynamics, health economics, labour economics, macro labour, public economics, real estate economics, economic policy
• Finance: asset pricing, international finance, macrofinance
• Consumer Judgment and Decision Making: international marketing, adoption of innovations, health-related behaviour, circular consumption

MAIN CONFERENCES ORGANIZED IN 2022
1. Vilnius Winter Meeting 2022, Bank of Lithuania, Vilnius, Lithuania. The 11th Annual Lithuanian Conference on Economic Research, hosted by the Bank of Lithuania, was held on 28 December 2022. Conference website: https://meeting2022.econ.lt/home
2. 2nd CEFER/KTU/VU workshop. The workshop was held at Vilnius University on November 11, 2022. Workshop website: https://sites.google.com/view/ceferktuvuworkshop/home
3. Gender Gaps Conference 2022 (joint with GRAPE, Poland), Warsaw, Poland. The conference was held on 8-9 October 2022. Conference website: https://grape.org.pl/GGaps2022

MAIN PUBLICATIONS IN 2022
1. Joye, Y., Brosnahan, D., & Piff, P.K.P. (2022). The Geography of Goodwill: Recreational Engagement with Nature Predicts Prosociality Across US States. Current Research in Ecological and Social Psychology, 10067.
2. Flores, E. C., Kelman, I., Joye, Y., Bolderdijk, J. W., Ayeb-Karlsson, S., Wutich, A., ... & Hickman, C. (2022). A healthy planet for a healthy mind. One Earth, 5(4), 307-310.
3. Joye, Y., Lange, & Fischer, M. (2022). Does Beautiful Nature Motivate to Work? Outlining an Alternative Pathway to Nature-Induced Cognitive Performance Benefits. New Ideas in Psychology, 100946.
4. Sidlauskiene, J., Joye, Y., & Auruskeviciene, V. (2022) AI-based chatbots in conversational commerce and their effects on product and price perceptions. Electronic Markets. Accepted.
5. Lastauskas, P. (2022). Lockdown, employment adjustment, and financial frictions. Small Business Economics, 1-24.
6. Lastauskas, P., Stakėnas, J. (2022), "Dancing Alone or Together: The Dynamic Effects of Independent and Common Monetary Policies", Chudik, A., Hsiao, C. and Timmermann, A. (Ed.) Essays in Honor of M. Hashem Pesaran: Prediction and Macro Modeling (Advances in Econometrics, Vol. 43A), Emerald Publishing Limited, Bingley, pp. 217-241. https://doi.org/10.1108/S0731-90532021000043A011
7. Asmare, F., Jaraitė, J., & Kažukauskas, A. Climate change adaptation and productive efficiency of subsistence farming: A bias‐corrected panel data stochastic frontier approach. Journal of Agricultural Economics. https://doi.org/10.1111/1477-9552.12479
8. Garcia-Louzao, J. (2022). Workers’ job mobility in response to severance pay generosity. Labour Economics, 75, 102143.
9. Fennis, B. M., Gineikiene, J., Barauskaite, D., & van Koningsbruggen, G. M. (2022). Acute stress can boost and buffer hedonic consumption: The role of individual differences in consumer life history strategies. Personality and Individual Differences, 185, 111261.
10. Moench, E., & Soofi-Siavash, S. (2022). What moves treasury yields?. Journal of Financial Economics.
11. Gineikiene, J., Fennis, B. M., Barauskaite, D., & van Koningsbruggen, G. M. (2022). Stress can help or hinder novelty seeking: The role of consumer life history strategies. International Journal of Research in Marketing.
12. Jaraitė, J., Kurtyka, O., & Ollivier, H. (2022). Take a ride on the (not so) green side: How do CDM projects affect Indian manufacturing firms’ environmental performance?. Journal of Environmental Economics and Management, 102684.
13. Garcia-Louzao, J., & Tarasonis, L. (2022). Productivity-enhancing reallocation during the Great Recession: evidence from Lithuania. Oxford Economic Papers.
14. Barauskaitė, D., Gineikienė, J., & Fennis, B. M. (2022). Saved by the past? Disease threat triggers nostalgic consumption. Psychology & Marketing, 39(8), 1433-1450.
15. Jakucionyte, E., & van Wijnbergen, S. (2022). The macroeconomics of carry trade gone wrong: Corporate and consumer losses in Emerging Europe. Economics of Transition and Institutional Change, 30(4), 773-812.
16. Klimaviciute, J. & Pestieau, P. (2022). "The economics of long-term care. An overview." Journal of Economic Surveys, https://doi.org/10.1111/joes.12538
17. Jakučionytė, E., & Singh, S. (2022). Bowling alone, buying alone: The decline of co-borrowers in the US mortgage market. Journal of Housing Economics, 101876.
18. Oh, F. D., & Park, J. (2023). A large creditor in contagious liquidity crises. Journal of Banking & Finance, 146, 106706.
19. Galdikiene, L., Jaraite, J., & Kajackaite, A. (2022). Trust and vaccination intentions: Evidence from Lithuania during the COVID-19 pandemic. PloS one, 17(11), e0278060.
20. Tarasov, A., & Zubrickas, R. (2022). Optimal income taxation under monopolistic competition. Economic theory, 1-29.

RESEARCH PROJECTS CARRIED OUT IN 2022
International Research Projects (due to brevity, the project description mentions only the project researchers affiliated with the Center for Expertise in Economics)
ReWISE - Development of innovative motivation-based social influence strategies to improve consumer decision making. Researchers: Dr J. Gineikienė (PI), Dr Ž. Kaminskienė, Dr E. M. Uždavinytė

Reassessment of the Optimum Currency Area in the Persistently Heterogeneous European Union. European Social Fund No. 09.3.3-LMT-K-712-01-0123. Researchers: Dr P. Lastauskas (PI).

Product and Labour Market Reforms and Economic Activity in the EU Countries. S-LL-18-12. Polish-Lithuanian Intergovernmental Grant “Daina”, Researchers: Dr P. Lastauskas (PI). Dr A Proškutė

Flexibility in industrial relations and labor market inequality. P-LL-18-256. Polish-Lithuanian Intergovernmental Grant “Daina”, Researchers: Dr L. Tarasonis (PI), Dr J. Garcia-Louzao.

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. Kažukauskas (PI), Dr J. Jaraitė - Kažukauskė, F. Asmare Marye.

Micro-Level Responses to Socio-Economic Challenges in Face of Global Uncertainties. No LT08-1-ŠMSM-K01-010. Researchers: Dr P. Lastauskas (PI), Dr A. Proškutė.

Empirical analysis of long-term career effects of employee share ownership for young workers. Rutgers SMLR Fellowship 2021-2022. Researchers: Dr Jose Garcia-Louzao

MAIN R&D&I (RESEARCH, DEVELOPMENT AND INNOVATION) PARTNERS
Project partners:
GRAPE, Poland
University of Tartu, Estonia
The Hong Kong University of Science and Technology (HKUST), Hong Kong
BI Norwegian Business School, Norway
Baltic International Centre for Economic Policy Studies (BICEPS), Latvia

Institutions of co-authors:
Paris School of Economics, France
University of Amsterdam, Netherlands
Groningen University, Netherlands
Vrije Universiteit Amsterdam, Netherlands
University of Liege, Belgium
Korea Advanced Institute of Science and Technology, South Korea
Deutsche Bundesbank, Germany
Goethe University Frankfurt, Germany
University of Milan, Italy
Higher School of Economics, Russia

OTHER RESEARCH ACTIVITIES
Dr P. Lastauskas
• Editor of the Baltic Journal of Economics, https://www.tandfonline.com/journals/rbec20
• Associate editor of Open Economies Review, https://www.springer.com/journal/11079/editors

BEST REPORTS DELIVERED AT CONFERENCES ABROAD
1. Dr L Tarasonis. 47th Simposio de la Asociación Española de Economía-Spanish Economic Association (SAEe), University of Valencia, Spain, December 15-17, 2022. Wage and Employment Impact of Minimum Wage: Evidence from Lithuania.
2. Dr E. Jakučionytė. 56th Annual Canadian Economics Association Meetings, Carleton University, Ottawa, Canada, 31 May, 2022 (virtual). School Closures in Lithuania and Short-Term Implications for Student Outcomes.
3. Dr P. Lastauskas. 8th Annual Conference of the International Association for Applied Econometrics (IAAE), King’s College, London, UK, June 21-22, 2022. What Explains Trade Persistence? A Theory of Habits in the Supply Chains.
4. Dr P. Lastauskas. The 2022 Australasian meeting of the Econometric Society, The University of Queensland, Brisbane, Australia, July 6-8, 2022 (virtual). Anticipated and Unanticipated Trade Shocks: Transitional Dynamics with Deep Habits.
5. Dr E. Jakučionytė. The 11th European Meeting of the Urban Economics Association, London School of Economics and Political Science (LSE), London, UK, 29-30 April, 2022. Emergence of Subprime Lending in Minority Neighborhoods.
6. Dr S. Soofi-Siavash. 8th Annual Conference of the International Association for Applied Econometrics (IAAE), King’s College, London, UK, June 21-22, 2022. Carbon Intensity, Producticty and Growth.
7. Dr S. Soofi-Siavash. ESCB Research Cluster on Climate Change, May 5, 2022. Carbon Intensity, Producticty and Growth.
8. Dr Jose Garcia-Louzao. 35th Conference of the European Society for Population Economics (ESPE), Universita della Calabria, Italy, June 16-18, 2022. Dual Returns to Experience
9. Dr Jose Garcia-Louzao. 34th Conference of the European Association of Labour Economists (EALE). Universita di Padova, Italy, September, 8-10, 2022. Wage and Employment Impact of Minimum Wage: Evidence from Lithuania.
10. Dr J. Klimavičiūtė. Public Economic Theory (PET 2022) Conference. Aix-Marseille School of Economics, Marseille, France, June 8-10, 2022. The economics of long-term care. An overview.

MOST IMPORTANT NATIONAL AND INTERNATIONAL AWARDS RECEIVED FOR R&D ACTIVITIES
Dr P. Lastauskas and Dr A. Proškutė. Rector’s award for best research project at Vilnius University in 2021 (Micro-Level Responses to Socio-Economic Challenges in Face of Global Uncertainties, No LT08-1-ŠMSM-K01-010)
Dr A. Kažukauskas. The Laureate of the Rector’s Science Award of Vilnius University in 2021.

MOST IMPORTANT PARTICIPATION CASES IN WORKING GROUPS OR COMMISSIONS
Dr P. Lastauskas. The ECB’s monetary policy review workstream, focusing on the impact of (de)globalization on monetary policy transmission.
Dr L. Tarasonis. Strategy Lithuania 2050. Economics part Team Leader.

MOST IMPORTANT RESEARCH DISSEMINATION ACTIVITIES
Media articles:
L.Galdikienė. https://madeinvilnius.lt/naujienos/svietimas/lietuviu-mokslininkiu-tyrimas-asmenys-labiau-pasitikeje-salies-institucijomis-buvo-labiau-linke-skiepytis-nuo-covid-19
L. Galdikienė. https://sc.bns.lt/view/item/451833
Dr J. Garcia-Louzao. https://www.elconfidencial.com/economia/2022-03-06/coste-temporalidad-espana-salario-15-inferior-indefinidos_3386684/
D. Barauskaitė https://www.delfi.lt/sveikata/zinoti-sveika/mokslininkai-issiaiskino-kaip-susije-ligu-sezonas-ir-praeityje-populiarus-produktai.d?id=91388059

D. Barauskaitė https://www.lrt.lt/naujienos/mokslas-ir-it/11/1790815/mokslininkai-issiaiskino-kaip-susije-ligu-sezonas-ir-praeityje-populiarus-produktai
D. Barauskaitė https://www.15min.lt/verslas/naujiena/mokslas-it/mokslininkai-issiaiskino-kaip-susije-ligu-sezonas-ir-praeityje-populiarus-produktai-1290-1939266?utm_source=rssfeed_verslas&utm_medium=rss&utm_campaign=rssfeed
Radio:
L.Galdikienė. https://www.lrt.lt/mediateka/irasas/2000248007/ryto-garsai-lietuvos-verslininku-iniciatyva-vis-dazniau-tamsoje-skendincios-ukrainos-imonems-padeti-dazniau-uzsakant-sios-salies-bendroviu-paslaugas
D.Barauskaitė https://fb.watch/feO3Z1HFBX/
TV appearances:
Dr A. Kažukauskas. https://www.lrt.lt/mediateka/irasas/2000230488/ekspertas-del-issekusiu-upiu-ir-ezeru-labiausiai-kencia-energetika
D. Barauskaitė https://www.lrt.lt/mediateka/irasas/2000236014/labas-rytas-lietuva-ii-d-vartotoju-tyrimas-jauciant-ligos-gresme-sustipreja-nostalgijos-jausmas