Viktorija Skvarciany

• PhD
• Professor at Vilnius Gediminas Technical University

Research background: Commercial banks play a vital role in the global financial system and are critical components of it. Hence, the efficient performance of commercial banks could lead to more robust economic stability, enhanced financial resilience, and sustainable growth. The pandemic/post-pandemic period forces the expansion of digitalisation i...

Sustainable entrepreneurship (SE) is an approach that is crucial for creating enterprises that not only generate profit but also minimize environmental impact, promote social responsibility, drive innovations, and others. Furthermore, SE is one of the instruments to achieve Sustainable Development Goals (SDGs). The goal of this study is to investig...

Research purpose The primary goal of this research is to determine the impact of the efficiency of the tourism sector in the European Union (EU). Design / Methodology / Approach The analysis involved 25 selected EU countries using Data Envelopment Analysis (DEA) and the Tobit regression modelling. For DEA expenses according to the stays per visit...

Big Science leads to breakthrough scientific knowledge and innovation through large-scale multinational scientific infrastructure investments, expanding the boundaries of science, technology, and innovation. This book examines how Big Science projects evolve to solve complex scientific problems, consequently addressing critical social challenges. D...

Big Science leads to breakthrough scientific knowledge and innovation through large-scale multinational scientific infrastructure investments, expanding the boundaries of science, technology, and innovation. This book examines how Big Science projects evolve to solve complex scientific problems, consequently addressing critical social challenges. D...

The relevance of sustainable development in the financial institution and its value is significant in today’s financial landscape. This research aims to evaluate the efficiency of converting sustainable development outcomes, quantified through ESG, into a financial institution’s valuation, measured by the P/E ratio. In order to reach the aim, the D...

Research background: In order to tackle climate change and ensure Paris agreements are met, countries are forced to look for alternative ways of producing, consuming, and wasting and adopt a circular economy. Reduction of greenhouse gas emissions becomes one of the key elements. The demand for electricity is increasing, and most greenhouse gas emis...

In the current study, a unique dataset is used that represents the trust of households and individuals in the digital economy, so-called e-trust. On the basis of that, the level of e-trust of the selected countries is calculated. The study covers almost all EU countries and Iceland. France and Romania are excluded from the research due to missing d...

Research background: The fact that all resources are not infinite and the needs of society are steadily increasing, new ways of producing, consuming and waste disposal should be adopted. A circular economy as a modern alternative to a linear economy became one of the priorities of the European Union in order to create a modern, resource-efficient a...

This paper contributes to relevant research in the area of optimal reinsurance indemnity and deals with the risk measures that are used in reinsurance. The research aims at finding optimal reinsurance contracts under different risk levels. The paper has demonstrated that the method of calculating the indemnity of the reinsurance contract discussed...

The article covers the prioritisation of Brazil, Russia, India, China, and South Africa (collectively referred to as the BRICS countries) in order to find out which of them is the most successful in terms of Sustainable Development Goal 8 (SDG8). For that purpose, the Analytic Hierarchy Process (AHP) and Technique for Order of Preference by Similar...

Purpose The concept of a smart city, which is relatively new, is analysed from different aspects, including sustainability. Due to rapid urban development, smart city and sustainable city synergy has become an approach supported by the authorities. Hence, the paper aims at assessing and ranking the European Union (EU) capitals in the context of the...

This article assesses the eighth goal of sustainable development – Decent work and economic growth (SDG8). The theoretical part of the article analyses the concept of SDG8 and its importance for the European Union’s economy. The research methodology covers multiple criteria decision-making (MCDM) approaches. In order to assign the weight to criteri...

The digital economy and sustainable development are treated as the world?s progress, and there is a vast number of papers investigating the indirect linkage between these two phenomena. However, there is a lack of studies analysing the direct influence. Hence, the purpose of the current paper is to find out if there is an impact of the digital econ...

The goal is to consider the potential of logistics in attracting FDI and to examine the degree of influence of selected LPI and GCI components related to the quality of the logistics system on FDI inflow in the EU-28. The panel data regression was employed covering the period of 2007 to 2018 (the newest data is available from 2018). The article res...

The purpose of the study is to investigate the employees’ attitudes to CSR practices and reveal the differences in staff perceptions within different groups of responadents. The tasks to be accomplished are: (1) to investigate the differences of CSR perception between males and females; (2) to investigate the differences of CSR perception among rep...

The article aims to propose a different approach to assessing smart cities which combines some commonly used indicators with several new ones in line with the concept of sustainability. The aspect of sustainable development as an essential driver for the smart city and the combination of indicators for sustainable and smart city concepts have been...

Purpose – the aim of the article is to present the concept of cultural economics upon analysing the scientific literature and to single out the factors that influence the development of cultural economics. Research methodology – analysis and synthesis of scientific literature. The articles published in CA WoS were analysed in order to extract high-...

Research background: Circular economy is of great importance, as it plays a vital role in ensuring the reuse of waste created and, therefore, reduces the waste of limited resources, which is the primary goal of the general economic concept. In line with the circular economy, sustainable development gains great attention, as the United Nations annou...

The global pandemic has affected all sectors and disrupted not only supply chains but also had a particular impact on the range of services provided and the whole service sector. Outsourcing is used to adapt to business environment changes. However, in the scholarly literature, outsourcing of services is analysed as a complementary part of the manu...

Research purpose. The goal of the current paper is to investigate the impact of internal factors on bank performance. All the performance indicators and explanatory factors have been distinguished from the scientific literature. Design/methodology/approach. To investigate if there was an effect of the distinguishing factors on Latvian banks’ perfor...

Political unrest inevitably has consequences for a national economy. International trade in a globalised world has great importance for countries. Unfortunately, due to various political events, countries apply some restrictions to each other. In 2014, Western countries imposed sanctions on trade with Russia, due to the annexation of Crimea. As a r...

The volume of international trade heavily depends on factors facilitating trade and contributing to reducing its costs. The importance of international logistics as trade facilitator is increasingly emphasised in the literature. The aim of the paper is to assess the level of the impact of logistics performance on trade volume in the Central and Eas...

It is essential to look at financial crises from both theoretical and practical aspects, as this is an old and recurring phenomenon. However, it is still unknown how to manage their formation. The article aims at assessing the influence of individuals’ financial decisions on financial crisis formation. The interface between economic decisions made...

Research purpose. This article aims at distinguishing and weighting the educational factors that could have an impact on young people’s choice to study in European higher education institutions (HEIs). Design/Methodology/Approach. To achieve the aim, previous research and scientific literature were studied and experts from student society and the h...

All countries face several issues while running the process of sustainable development—the absence of a uniform means of sourcing investment for sustainable development and the lack of a unified index for the evaluation of sustainable development. No doubt, ensuring sustainable development requires constant financial investments. Hence, it is essen...

There are still debates in the scientific literature about the factors influencing countries’ sustainable socioeconomic development. Therefore, the current article aims at determining the factors of sustainable socioeconomic development and assessing its level in the EU countries. The following methods were employed for the research: an evaluation...

Background: To explain the link between household finances and the quality of the relationship between married or cohabitating partners and their life satisfaction, the Family Stress Model (FSM) was used and placed within the theoretical framework of the Couples and Finances Theory (CFT). Methods: The measures used to examine the relationship be...

The current paper aims to analyse the importance of values of young employees now and in five years period. In order to achieve the aim, the questionnaire consisting of fifty statements was developed and disseminated between the Latvian students. The sample size was 392, which shows that the results represent the whole populations. For data proces...

In pursuance of economic growth, developing countries are seeking to attract foreign direct investment. The European Union structural fund supports the economic growth of the less developed countries in order to reduce the gap between the member states, while foreign direct investment is referred to as one of the European Union's funding objectives...

The goal of the current study is to highlight the factors that could affect retail food prices and develop an econometrical model for estimating the level of the impact of the identified factors. The research covers the period from 2016 to 2018. Multiple regression modelling is used for model creation. The outcomes mad available evidence that the f...

This study aims at examining the possibility of using a joint venture as a risk management tool for companies engaged in the construction business. Based on completely different risk map of a stand-alone and joint venture companies and using the analytical hierarchy process model method for evaluating the importance of particular risk factors for b...

This study aims at examining the possibility of using a joint venture as a risk management tool for companies engaged in the construction business. Based on completely different risk map of a stand-alone and joint venture companies and using the analytical hierarchy process model method for evaluating the importance of particular risk factors for b...

The problem of the shadow economy exists in the majority of countries and, depending on its scale, affects the economic development of the state, the social well­being of companies and the population and the country’s policy. This economy distorts competition, has a negative impact on the country’s tax system and its structure and the distribution...

This research paper focuses on the analysis of the financial risk of Lietuvos geležinkeliai, AB (eng. Lithuanian Railways), which activities are passenger and freight transportation by rail. In order to assess the financial risk of the leading company areas of financial risk were identified and are as follows: liquidity risk, credit risk and market...

Purpose-the purpose of the article is to develop a model that could be used for estimating the level of the effect of the highlighted determinants on food retail prices. Research methodology-the study is based on the obtained monthly data of food retail prices that covers the period from 2016 I m. to 2018 XII m. (36 observations). Multiple regressi...

A brief overview on the 10th International Scientific Conference “Business and Management” organised by the Faculty of Business Management of Vilnius Gediminas Technical University (Vilnius, Lithuania) on May 3-4, 2018.

The investigation of trust in commercial banks needs to focus specifically on internet banking, as it is the fastest growing banking service. The article explores factors influencing trust in internet banking and estimates this impact in the Baltics states. The factors are as follows: Provided information, e-banking system, the website of a bank, a...

The format is one of the essential elements of retail internationalization process. In order to date, cus-tomer attitude about retail companies format entering the market and their possible impact upon consumers and standardization degree has not frequently been the object of investigation within the internationalisation of retail trade. Only by op...

The present study provides a comparative analysis of development strategy selection and presents an overview of multiple-criteria decision analysis (MCDA) in strategic management. The main aim of the paper is to use the analytic network process (ANP) as one of MCDA methods for determining the best strategy. Based on expert opinions and analytic hie...

Research background: A commercial bank’s competitive ability is of great importance as it plays a vital role in ensuring a bank’s success; hence, it is necessary to identify the factors that contribute to the development of competitive advantage of commercial banks and to shift competitive ability to a higher level. The competiveness of banks is as...

The banking sector has developed and extended the use of its services in the past decade. In fact, nowadays mobile banking (M-banking) is the most developing service offered by a bank. In order to encourage customers to use m-banking services, it is extremely important to get clients to trust the M-banking services provided by the bank. This articl...

Nobody disputes that trust is an important issue in choosing a financial service provider, especially in the area of new forms of banking. The goal of this paper is to assess the most important determinants of trust in traditional banking. The study was conducted in the Baltics and personal customers had to rank the distinguished factors. Using cor...

Research background: Since the introduction of the concept in 1972 Autopoiesis has enjoyed great popularity among academicians representing various fields of science. However, the number of studies devoted to the investigation of factors that have an impact on the formation of autopoietic economic structures is quite limited. This paper addresses t...

Research background: The concept of autopoiesis was initially developed in the field of biology and it was used to explain the behavior of biological systems. However it has been successfully applied in other fields of science, including eco-nomics and management. Although researches on economic entities using autopoietic systems’ theory are perfor...

Banking sector has developed and extended the usage of online services in the past decade. In fact, nowadays, Internet-based banking services dominate over other historically provided alternatives. This article discusses private clients’ trust in Internet banking in Latvia. The model of trust in Internet banking was developed based on four factors,...

The banking sector has developed and extended usage of different services at a distance using the internet in the last decade. Internet-based banking services dominate over other historically provided alternatives. This paper explores the adoption of internet banking in Lithuania and Latvia. Internet banking success model was developed based on fou...

The findings of the research contribute towards commercial banks' soundness assessment. The current study focuses on the importance of customers' trust for banks' soundness and the expanded CAMELS+T model was suggested where " T " stands for customer trust. For testing CAMELS+T model expert evaluation method was used Pairwise comparison method was...

Innovation is essential for economic growth in developed countries. One of the most important sources of innovation is human capital. In this article, state of human capital in EU countries is investigated in order to show the relationship between human capital and national innovation performance. In the first part, theoretical assumptions of human...

Purpose. The purpose of this paper is to investigate the impact of organizational culture on organizational climate in the process of change. After exploring the impact of organizational culture on organizational climate through distinguished culture's factors, article examines the importance of these factors and, what is more, presents the case st...

The issues regarding measuring and managing bank performance are always on the agenda due to the critically important role of banks in the national economies of new member states of the European Union. The goal of the given study is to explore drivers of bank profitability in Latvia and Lithuania. Research period covers 2008–2014. Performance of th...

Purpose. The purpose of this paper is to investigate the impact of organizational culture on organizational climate in the process of change. After exploring the impact of organizational culture on organizational climate through distinguished culture's factors, article examines the importance of these factors and, what is more, presents the case st...

Trust in commercial banks is considered to be one of the vital factors affecting the success of commercial banks’ activities. However, the level of trust in banks has decreased during last years and is quite low at present. Therefore, it is necessary to change the confidence level to higher. This scientific paper focuses on the ways of managing and...

Rinkos ekonomikos sąlygomis veikiančių įmonių veikla yra dinamiška, o tai lemia prognozuojamų rezultatų neužtikrintumą, todėl neišvengiamai susiduriama su veiklos rizika. Siekiant užtikrinti įmonės veiklos plėtrą, sėkmę ir pelningumą, būtina sprendimų priėmimą grįsti rizikos vertinimu, todėl poreikis valdyti veiklos riziką išauga, o kartu išauga ir...

Purpose – the purpose of this paper is to investigate the impact of quality, variety, accessibility and price of banking services on small and medium-sized companies’ satisfaction with banks’ business-oriented services. This paper presents a regression equation of SMEs satisfaction with banks’ services, indicating the weight of each statistically s...

Satisfaction with the policy of commercial banks concerning SMEs is one of the most important factors affecting the success of commercial banking activities. This paper analyses the scientific approaches to importance of SME satisfaction with the commercial banks. The analysis of scientific publications revealed that one of the most important facto...

This paper studies the scientific approaches of customer satisfaction and determinants influencing an overall customer satisfaction. Analyzing the concepts of satisfaction, it was found that the greatest impact on customer satisfaction with commercial banks has the service quality. Also the elements influencing the service quality were identified a...

Confidence in commercial banks is considered an important factor that ensures a successful commercial banking operations and development, and provides continuous, high-quality consumer and commercial banking cooperation. In recent years this sector has been characterized as volatile and constantly loosing consumer confidence. This paper analyzes th...

The paper analyses and compares the data of empirical researches in evaluation of business enterprises' trust in banks at two different periods of time; what is more the correlation analysis on the basis of obtained data has been carried out. The article investigates the theoretical concepts of trust as well as discusses the factors determining for...