scholarly journals Demographic Determinants of Creativity: The Analysis of the Development of Creative Potential and Forecast for the Baltic States

2017 ◽  
Vol 30 (1) ◽  
pp. 79-90
Author(s):  
Vladimirs Rojenko ◽  
Aleksandrs Dahs
Keyword(s):  
Human Capital ◽  
Demographic Data ◽  
Model Parameters ◽  
Competitive Advantages ◽  
Baltic States ◽  
Creative Potential ◽  
Demographic Projections ◽  
Leading Role ◽  
The Baltic ◽  
Sustainable Competitive Advantages

Abstract Human capital, affected by the demographic determinants, nowadays becomes a novel driver of change and regional development. Changes in the modern economy determine the future leading role of human capital, especially its creative dimension in the development of modern, sustainable competitive advantages of countries and regions. Considering the negative demographical tendencies in the Baltic States, the aim of this paper is to analyse and forecast the development of creative potential in Lithuania, Latvia and Estonia. Our methodology is based on the estimation of a regression model describing the relations between Global Creativity Index (GCI) and its components with the available demographic data in 28 European Union member countries. Model estimation results indicate a particular importance of population age composition for all GCI components, while education attainment levels appear to be highly significant for the technology and talent components. Using the estimated model parameters, authors elaborate a simple forecast for the three Baltic States using the current demographic projections, while outlining the strengths and potential weaknesses of each country in the long-term perspective.

scholarly journals Company’s intellectual capital impact on market value of Baltic countries listed enterprises

2019 ◽  
Vol 10 (2) ◽  
pp. 309-339 ◽  
Author(s):  
Irena Mačerinskienė ◽  
Simona Survilaitė
Keyword(s):  
Human Capital ◽  
Factor Analysis ◽  
Intellectual Capital ◽  
Market Value ◽  
Listed Companies ◽  
Relational Capital ◽  
Baltic States ◽  
Structural Capital ◽  
Structural Parts ◽  
The Baltic

Research background: Currently the topic of a company’s intellectual capital is being widely investigated by various researchers. Nevertheless, only a small number of studies on the company’s intellectual capital impact on its market value were conducted. What is more, the concept of a company’s intellectual capital itself is not unified. There are some discrepancies in defining a company’s intellectual capital, unifying structural model of the company’s intellectual capital, and harmonizing the research methods and models of how to evaluate a company’s intellectual capital. Purpose of the article: The aim of the article is to examine various scientific approaches of the company’s intellectual capital and its impact on the market value of a respective company; to prepare a model of company’s intellectual capital and its impact on the market value. What is more, the aim of this article is to check and test the model effectiveness using an example of the Baltic States listed companies. Methods: Data on 58 Baltic States’ companies that are listed in Nasdaq Baltic stock exchange were taken as the basis of the research. Based on four component model (human capital, structural capital, juridical capital, relational capital) a set of indicators for assessing company’s intellectual capital was formed. Expert evaluation was used in order to assign weights for different structural parts of intellectual capital. An exploratory factor analysis was conducted in order to find out what factors are the most significant for a company’s intellectual capital. In order to find out how specific elements affect company’s intellectual capital, a pair-wise multiple correlation and regression analysis were used. An average comparison method was used to reveal differences between companies of different countries. Findings & Value added: The study contributes to the Baltic States’ knowledge on intellectual capital. It was detected that it is appropriate to use human capital, structural capital, juridical capital, and relational capital structural parts as components of company’s intellectual capital while investigating its impact on market value of a respective company. According to the obtained results, the model of a company’s intellectual capital and its impact on the market value was created, optimized, and its validity checked using exploratory factor analysis. The model was used to test the Baltic States listed companies and how their intellectual capital affects the market value. It was identified that intellectual capital in the listed companies of the Baltic States has a positive impact on their market value. Nevertheless, the study revealed that intellectual capital structural parts do not equally affect the market value of listed companies. The findings support the conclusion that human capital and relational capital have the greatest influence on the market value of listed companies. Companies where structural capital comprises the largest proportion of intellectual capital had lower levels of intellectual capital aggregated index, which could be examined in future studies.

The Role of Internal Communication in Commitment Management

2012 ◽  
pp. 162-172
Author(s):  
José Antonio Carazo
Keyword(s):  
Human Capital ◽  
Internal Communication ◽  
Competitive Advantages ◽  
Overhead Cost ◽  
Hierarchical Levels ◽  
Sustainable Competitive Advantages ◽  
Special Relevance ◽  
Over Time ◽  
Means Of Production

The economic situation in the last few years has forced companies to adjust their workforces and reduce hierarchical levels. They have also had to undertake overhead cost and expense adjustment programmes, including salary freeze and the reduction of training budgets, amongst others; all of it within an environment where human capital has acquired special relevance. It has been shown that individuals represent enterprises’ main asset, the element that can generate sustainable competitive advantages over time. Power has changed hands; it no longer lies in the traditional means of production, but in knowledge. And knowledge resides in people. Knowledge and people are the new engines of economy. The management of individuals, which is nothing but the management of their intangibles and the need to attract and retain talent, becomes especially important in this context. Commitment management is one of the most effective policies to achieve this aim. Managers must implement policies to commit employees to not only retain them, but also encourage them to do their best. The best tool to achieve this necessary commitment is internal communication. This chapter aims to offer a conceptual reflection on commitment management and analyses the state of internal communication in Spanish companies. The purpose is to establish a link between the emphasis placed by companies on achieving their employees’ commitment and internal communication as a tool that can help to reach that goal.

scholarly journals Digital Economy and Society: Baltic States in the EU Context

2019 ◽  
Vol 16 (1) ◽  
pp. 80-90 ◽  
Author(s):  
Jevgenija Česnauskė
Keyword(s):  
Human Capital ◽  
Digital Technology ◽  
Digital Technologies ◽  
High Standard ◽  
Individual Performance ◽  
Digital Economy ◽  
Global Market ◽  
Baltic States ◽  
Baltic Countries ◽  
The Baltic

Abstract Research purpose. The high penetration of the Internet and increased level of use of digital devices create conditions for the development of the digital economy and society. Understanding and management of this model are essential whilst seeking to compete in the global market and to ensure a high standard of living for citizens. However, despite the opportunities presented by the digital economy, the Baltic States have not yet fully exploited the potential of digital technologies for sustainable development. The purpose of this research is to assess the progress of the Baltic States towards developing a digital economy and society and to identify areas requiring priority investments and action. Design/Methodology/Approach. The Digital Economy and Society Index (DESI) published by the European Commission is used to explore the potential of the digital economy. It is an index measuring progress in digital performance through five components: connectivity, human capital, use of internet, integration of digital technology and digital public services. DESI is a crucial tool to reflect the performance of the Baltic States in the context of other European countries. Findings. The survey shows the individual performance of each Baltic country and compares them amongst themselves as well as with other EU countries. Estonia has the highest DESI when compared with other Baltic countries; however, lower scores in connectivity and integration of digital technology components are observed. Lithuania scores high in the integration of digital technology, whereas the human capital component remains lower. Latvia is a leader amongst connectivity but descents to other Baltic countries in human capital and integration of digital technology components. Originality/Value/Practical implications. The digital economy remains a widely discussed topic; however, a lack of unanimous scientific definition and detailed research on this economic model complicates understanding of digital technologies. It is essential for each government to analyse the model and focus on the improvement of the digital economy in order to ensure that the country remains digitally competitive in the world.

Baltic States in the European Union

2006 ◽  
pp. 118-132
Author(s):  
R. Simonyan
Keyword(s):  
European Union ◽  
The European Union ◽  
Baltic States ◽  
Eu Accession ◽  
Economic Changes ◽  
The Baltic

The article analyzes social and economic changes, which have occurred in the Baltic states after their EU accession. It reveals new tendencies in the development of this new region of the united Europe that plays a significant geostrategic role for Russia.

PARTICIPATION OF UZBEK SOLDIERS IN THE LIBERATION OF THE BALTIC STATES

2020 ◽  
pp. 69-75
Author(s):  
Ilkhomjon M. Saidov ◽  
Keyword(s):  
Soviet Union ◽  
Baltic States ◽  
Socialist Republic ◽  
Soviet Socialist Republic ◽  
The Soviet Union ◽  
Great Patriotic War ◽  
Working Age ◽  
Long Time ◽  
The Baltic ◽  
Soviet Historiography

The article is devoted to the participation of natives of the Uzbek Soviet Socialist Republic in the Baltic operation of 1944. The author states that Soviet historiography did not sufficiently address the problem of participation of individual peoples of the Soviet Union in the Great Patriotic War, and therefore their feat remained undervalued for a long time. More specifically, according to the author, 40–42% of the working age population of the Uzbek Soviet Socialist Republic fought on the fronts of the Great Patriotic War. Such figure was typical only for a limited number of countries participating in the anti-fascist coalition. Analyzing the participation of Soviet Uzbekistan citizens in the battles for the Baltic States, the author shows that the 51st and 71st guards rifle divisions, which included many natives of the Uzbek Soviet Socialist Republic, were particularly distinguished. Their heroic deeds were noted by the soviet leadership – a number of Uzbek guards were awarded the title of Hero of the Soviet Union. In addition, Uzbekistanis fought as part of partisan detachments – both in the Baltic States, Belarus, Ukraine, the Western regions of the Russian Soviet Federative Socialist Republic and Moldova. Many Uzbek partisans were awarded the medal “Partisan of the Patriotic War” of I and II degrees.

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