Development of Strategic Partnerships for Work-Based Learning

Competitiveness of companies on local and international markets greatly depends on skilled labor force. There is an increased need for well-trained medium level specialists prepared by the vocational education and training (VET) systems. For countries with school-based VET systems tailor made approaches for work-based learning need to be implemented. This requires also new strategic partnerships. In Latvia in 2016 legal regulation on work-based learning was adopted. However, there is little research on the pre-conditions enabling the public administration to implement innovative VET approaches. The purpose of the study is to investigate the opinions of relevant public stakeholders from the …

ANALYSIS OF ENTREPRENEUR’S MOTIVATION TO START BUSINESS (COMPARATIVE STUDIES IN LATVIA IN COMPARISON WITH CANADA, USA, MEXICO)

Business start is important issue from government policy side as well as it has interests of academic researchers worldwide. Researcher attention is paid on decision to start or not to start business (Townsend, et al, 2010), on issues on business takeover or new venture start (Parker, et al, 2012), different approaches in business start – up are analysed (Chwolka and Raith, 2012), there are made evaluations of different research conducted in this area during half a decade (Lambert and Davidson, 2013), made comparisons and cross – country investigations (Clerq, et al, 2012), made different kinds of forecasts (Cassar, 2014). Researchers are interested in performance expectations of entreprene…

ANALYSIS OF BARRIERS FOR BUSINESS START

Entrepreneurship is one of driving forces for economic development, in European Union it has to be paid more attention to keep competitiveness in the world. Various aspects of entrepreneurship including on barriers for business start are covered in research world-wide. The aim of the current paper is to analyse barriers of new business starters in Latvia. The tasks of the current research: analysis of theoretical findings in scientific publications; analysis of new business starters views on barriers for business start; to perform statistical analysis of new business starters evaluations on business barriers. Research methods: scientific literature studies, survey of entrepreneurs in the bu…

Motivators to Recommend Social Network Contacts to Employer

Social networks are an important tool for human resources management to identify employees. The number of suitable candidates to fill a position is decreasing. Companies need new channels for the recruiting process. This paper evaluates the usefulness of the different social networks under consideration of the advantages and disadvantages. “Employee recruit Employees” is a useful tool to identify suitable candidates. The aim of the paper is to analyse the different motivators and reasons of individuals to recommend somebody to identify employer. The research methods are: theoretical studies of published scientific findings and survey with 251 respondents. The data obtained in the survey wer…

The Trust of the Information from Employer Rating Platforms

Employer rating platforms are an important source of information for potential candidates to collect and provide information about the employer. The information is beneficial and different to official company information. The research investigates the reasons to use employer rating platforms by individuals. Trust is important for the exchange of information and use of employer rating platforms. The analysis of empirical data obtained in survey has been done with indicators of central tendency or location. For empirical data analysis it used ANOVA, t-test and Spearman correlation coefficient to investigate the significance of differences in evaluations between demographic groups. The researc…

Income Differences in Regions of Latvia – Problems and Challenges

Income differences in regions of Latvia is becoming a greater problem for families as there are made decisions for emigration, for municipalities as there are significant reductions in tax (income and property) payers and for entrepreneurs as there are less customers for their products and services: those aspects are on great importance but not enough researched and discussed in academic research. Purpose of the study is to analyse income differences in the regions of Latvia. The tasks of the study: 1 to review theoretical background of income differences in context of regional development; 2 to review existing research of income differences in the regions in EU; 3 to analyse problems of in…

OPPORTUNITIES AND CHALLENGES OF SOCIAL MEDIA USE IN MUNICIPALITIES IN LATVIA

The research was supported by the NATIONAL RESEARCH PROGRAMME “LATVIAN HERITAGE AND FUTURE CHALLENGES FOR THE SUSTAINABILITY OF THE STATE” project “CHALLENGES FOR THE LATVIAN STATE AND SOCIETY AND THE SOLUTIONS IN INTERNATIONAL CONTEXT" (INTERFRAME-LV, Project No.VPP-IZM-2018/1-0005).

Regional differences between job seekers: case of Latvia

Differences in labour market have always been on great importance in Latvia, however special concern is about regions of Latvia where finding a new job sometimes could be very challenging process, because these regions are developing unevenly, job vacancies are limited, wages are lower and there is a lack of high qualified specialists in labour market. Purpose of the study is to analyse regional differences between job seekers in regions in Latvia. The tasks of the study: 1) To analyse theoretical background of regional differences of job seekers and employment in context of urban and rural areas; 2) To analyse main challenges and problems of regional differences between job seekers in regi…

The power of information: a key component for the successful performance of Latvian social enterprises

The purpose of the study is two-fold. First, the study aims to determine how informed consumers in Latvia are about social enterprises after a decade of discussion and activity within the field of social entrepreneurship which will later serve as a comparative reference base for following future developments and achievements in the field. Second, the study aims to investigate the relationship between the level of information consumers have about social enterprises and actual purchasing behavior of consumers in order to provide practical recommendations and suggestions for both social enterprise marketing specialists as well as government officials and organizations that support the field of…

Trade Union Practices in the EU and Latvia: Experience for Eastern Partnership Countries

Abstract The article will show major dimensions in the experience of EU Member States that could be shared with the Eastern Partnership (EaP) countries. The framework of the study is the EU concept of trade unions in social dialogue and social partnership in the public sector. This study outlines the concept of social dialogue as a core element of industrial relations and will focus on industrial relations specifically in the public sector. The authors have elaborated the approach to industrial relations and social dialogue taking into account comparative approach to definitions provided by international institutions such as ILO and OECD, as well as institutions in the EU and Latvia. Latvia…

Development of Household Income Towards Modern Welfare Economics in Latvia

Latvia in international comparisons is among the countries with rather low average income for households but rather high differences in income in households, especially in highest income households (richest quintile) characterised with significant indicators of variability in euro zone countries by Household and Consumption Survey conducted buy Bank of Latvia by methodology of European Central Bank in all eurozone countries and according EU- SILC (European Union Statistics on Income and Living Conditions) data. This current research is devoted to analysis of development of income and variability of income of households in Latvia in comparison with other OECD countries and eurozone countries…

COMPLIANCE PROGRAM IN LATVIAS’ BANKING SECTOR: THE RESULTS OF A SURVEY

Regulators more than ever believe an efficient compliance function is a prerequisite for good corporate governance that should restore trust, integrity, and responsibility in the banks, findings in academic research has confirmed mentioned above in many countries. Compliance is key facet of governance because it shows how actually bank meets corporate responsibilities. The new guidelines in September 2011 had been issued by European Banking Authority with more attention to the compliance function. Compliance is very complex function and covers different areas: Anti-money laundering, investment protection, consumer protection, data protection and etc. Compliance complexity arises from severa…

Coherence of Work Based Learning and Regional Development in Latvia

Integration of young people into the labour market is an issue of a high priority. The youth unemployment problem has explicit links to the vocational education and training (VET) system. Since 2009 there is an ongoing reform in the Latvian VET system. In this respect also the role of local governments increases. The paper addresses the issue of introducing innovative approaches in the Latvian VET system. The aim of the study is to estimate the overall readiness of public administrations to implement VET reforms within regional economic development in the context of the EU and national strategic priorities.

Macro-social marketing as a government’s opportunity to make a positive influence on societal behaviour

Governments work hard to make their district a better place to live, sometimes when society does not recognize what has been done and it indicates the real issue – information asymmetry. To improve information flow between government and society as well as active social change it is possible to use macro-social marketing. In a few cases, it is already happening but there are many more where it could be used by the government. Problem statement – there is information asymmetry between government and society, that reflects on the social development of the country on a macro-level. Aim – to investigate macro-social marketing and its ability to improve the communication flow between government …

Some aspects for modern solutions for strengthening social resilience as guarantee for the future well-being of an open and inclusive society

Social inclusion and reduction of inequalities is becoming an increasingly topical problem in a range of OECD countries, due to the demographic structure of inhabitants and inequality of income, in many cases depending on labour contribution taking into account skills and competence often lacking for part of population gaining education many years ago. Big share of this part of the population currently is not able to keep the speed of technology development and increase of requirements for digital skills and internet use. The aim of the current research is to investigate possible solutions to address social inclusion by possible involvement in the labour market of different groups at risk –…

The Role of Municipalities in Promoting Well-Being

The aim of the paper is to research different approaches to researching and promoting the well-being in municipalities. To achieve the aim, such qualitative and quantitative methods of research as comparing, grouping, graphical analysis, focus group methods will be used. The main results and findings of the paper are: the role of municipalities in promoting well-being is increasing contrary to the role of national or regional authorities, due to the autonomous functions of local authorities, intensive informative links and a wide range of available economic and social instruments.

PUBLIC RECOGNITION OF THE SOCIAL ENTREPRENEURSHIP SECTOR IN LATVIA AND THE WAY FORWARD

The research was supported by the NATIONAL RESEARCH PROGRAMME “LATVIAN HERITAGE AND FUTURE CHALLENGES FOR THE SUSTAINABILITY OF THE STATE” project “CHALLENGES FOR THE LATVIAN STATE AND SOCIETY AND THE SOLUTIONS IN INTERNATIONAL CONTEXT" (INTERFRAME-LV, Project No.VPP-IZM-2018/1-0005).

Marketing Communications of Latvian Social Enterprises from a Consumer Perspective

The purpose of this study is twofold - to contribute to the further understanding of social enterprises’ marketing by providing a consumers’ perspective on the content that social enterprises generate in order for them be to be able to better understand their strengths and weaknesses and to establish a reference point with regards the current situation to be able to compare and measure improvement in with regards social enterprise marketing in the future and, if needed, provide fact-based evidence to assist social enterprises in their call for support from public authorities. Among tasks of research are 1) analysis of recent scientific publications associate with social enterprises, their c…

Economic Activity in Context of Regions, Education Level, Age Group and Gender: Case of Latvia

In the National Development Plan of Latvia 2014–2020 it is written that society is aware that social, regional and opportunity inequalities can be reduced by a high overall employment rate in which everyone seeks for productivity. High employment rate is important not only for decreasing inequalities in country, but also for promoting economic growth. There have always been employment challenges in Latvia that are complex and insufficiently researched in academic research. The aim of the study is to analyse economic activity in Latvia by regions, education level, age group and gender. Research methods used in preparation of the article: scientific publication and previous conducted research…

Money Invested on Shopping Online and Payment Methods Used: Findings by Recent Survey

Within development of telecommunication, e-commerce is rapidly replacing traditional shopping as well as offering new ways to pay for goods. Payment is one of the main phases of buying decision process and it is crucial to e-commerce, because there is a big possibility that consumer will abandon the shopping cart if preferred payment method is not available. Not only flexible payment options can help company to attract and retain customers, but it also can ensure that company get paid more quickly. The aim of the research is to find out how much money Latvian customers invest when shopping online and which payment methods they use to pay for the purchase on internet in Latvia. Research meth…

Critical evaluation of the necessary changes of the interaction of employers, employees, local authorities, state and other stakeholders of the education system

Expansion of business creates globalization, which should be balanced by the localization and development of adequate changes in education. Aim of the paper is to find the ways to solve the social problems linked with the globalization. The review of the existing problems reveals many shortcomings of the classical “free market” theory. The increased speed of exchange of information demands special care to improve the accessibility and quality of education, using life-long learning and distance education. The appropriate attitudes, skills and knowledge should be proposed to support innovations, localization of economics and organization of interaction between employers, employees and other i…

Voluntary pension funds contribution in the pension system of Latvia in comparison with Estonia and Lithuania

Pension system formation is one of the questions on the daily agenda for most countries of the world. Most attention and discussion focus on the first two pension system pillars – state compulsory unfunded pension scheme and the state-funded or accumulated pension scheme in pension funds, both based on mandatory contributions. Private voluntary investments are the “third pillar” of pension systems and the gear to ensure an adequate level of income at retirement age by creating private pension funds. Voluntary savings are becoming the source of retirement income received on a monthly basis in line with the progress of private pension funds and expansion of the choice of pension schemes. This…

Financial Literacy Self-Evaluation of Young People in Latvia

Regular and proportionate voluntary savings in private pension funds can become an important part of oldage pensions. However, this can happen if the savings are made for a long period of time. This justifies the target group of the 3rd pension level, which are young people who have started to receive a regular income from their professional activity. One of the most discussed issues in promoting voluntary pension savings is the level of financial literacy. In addition to other motivating factors, such as financial incentives, the level of knowledge of the population about the opportunities to participate in the third pillar of pensions makes them want to build up voluntary savings. Effecti…

Determination Aspects of Possible Purchasing Prices for Blue Mussel Products from the Baltic Sea

Demand for marine products has been relatively high and is increasing in most of countries. With higher demand for higher-value and protein-rich products population is looking for other sources that could be protein-rich products and might be substitute for fish products. Blue mussel contains proteins and minerals therefore it might become as food and feed ingredient and supplement product for food. Experience in many countries world-wide where mussel production is more developed has indicated that important aspect in realisation of the production is effective marketing. The following research methods were used in the research: studies of scientific publications on blue mussel price and fac…

Work-based Learning – Challenge for Competitive Vocational Education Experience of Latvia

Work-based learning is implemented in Latvia and there are many aspects to be investigated as work-based learning require several stakeholder mutual co-operation by vocational education institutions, by teaching staff at vocational education institutions, companies, as well as different employers’ organisations in the situation of demographic changes by reducing of numbers of young people. Aim of research – investigate different approaches in realisation of work-based learning in seeking innovative approaches and findings in countries with bigger experience in realisation of this kind of vocational education. Research methods applied: analysis of experience and findings reflected in scienti…

Customer Views on Problems of Internet Shopping Using Mobile Devices: Results of Recent Survey

Recent developments of information technologies have supported fast development of Internet shopping worldwide and also using mobile devices. Internet shopping creates convenience for customers, bigger selection of goods and services from one side, but also creates several challenges for companies as well as some problems for companies and customers from the other side. Active research on different aspects is done by businesses, academic researchers alone and in co-operation of business and academic researchers. The aim of research is to find recent ideas of customers on Internet shops and problems raised in Internet shopping using mobile devices and to compare the results with other countr…

Regional Development: The Importance of the Involvement of Inhabitants and Innovative Approaches in Management

Innovation and an innovative approach in management, education and leadership have been changing over decades, according to the dynamic world we are living in. Changes start at an individual level, with the personality, and only those who have changed themselves can start to lead others towards global change. The Latvian National Development Plan defined aspects of polycentric development for all the regions of Latvia. Each region has resources, strengths, weaknesses, opportunities and threats, but human resources are the most important resource for change, creative ideas and sustainable development. The education system changes very slowly, from lecture learning to a more inclusive ‘learni…

Voluntary Private Investments Role in Pension System in Latvia

Pension systems have become one of the main priorities for the national governments. Developed countries population is getting older by putting the pressure on the state budgets and work age people tax load. The current pension system in Latvia performs according to regulation of state compulsory unfunded pension scheme since 1996 and regulation of the state funded or accumulated pension scheme since 2001. The third pension system pillar is private voluntary pension schemes realized in form of people contributions into pension funds and life insurance policies. Aim of the research – deeper analyses of voluntary private investments as the pension system part and its development challenges in…

The Role of Innovation in Sustainable Regional Development

Innovation–it is a term that we use for decades, but true meaning of this term changes also for decades, according to dynamic environment we are living in. There is now beginning of the4thindustrial revolution and what has been said in World Economic forum, issues are not about technologies anymore, they are about society. Innovation and entrepreneurship in regions is one of essential tools, in added value creation in economics and in development in national level. It is very important to encourage creativity, new ways of thinking and continuous process of learning of individuals. Aim of the current paper is to investigate development of application of innovations evaluated internationally …

Challenges on accessing finance for micro-enterprises in Latvia

Financial support of companies for their development is considered and realised by many countries worldwide, also in Latvia. Latvia has been receiving critical remarks from entrepreneurs in regard to high level of refuse for financing from the financing institution ALTUM which is the principal intermediary of EU funds and provides resources to support entrepreneurship in Latvia. Statistical data indicate that there are significant reductions of micro-enterprises during recent years. The survey data showed that ALTUM rejected 39 % of the surveyed micro-enterprises from those who had submitted applications within three years. In turn, only 6 % of micro-enterprises have received full financing…

Use of Social Network Site´s Profile for the Employment Seeking Process

This paper investigates the use of social network site´s profile to present individuals to potential employers. Prestige is an important issue of social capital theory, social network sites members present their knowledge and skills to other members to have a benefit. The results of the survey of 440 people about their behaviour for the employment seeking process on social network sites are presented. The paper provides the analysis of reasons to present themselves in social network sites and defines the risks for organisations who use social network site´s profile to evaluate candidates. The purpose of the paper is to evaluate and explain the behaviour of individuals on social network site…

Housing cost burden in regions of Latvia

Household financial hardship have been a rising concern of scholars and policy makers since income inequality in Latvia is very high and more than 23% of citizens are on risk of poverty, because housing costs typically represent the largest monthly expense for households. Special concern is about regions of Latvia where the level of living is lower than in cities and financial burden problem is increasing. The aim of the study is to analyse financial burden of housing costs in regions of Latvia. Research methods used in preparation of the paper: scientific publication and previous conducted research results analysis, analysis of EU-SILC results and European Central Bank conducted survey on …

Successful Creation and Communication of Human Resources Strategies in Germany

Human resources strategy is very important for companies and need to be accepted by the employees. The human resources strategy is responsible for the success of the company. This paper investigates the opportunities to involve employees in the human resources strategy creation and to communicate the human resources strategies via different communication channels. The paper compares the different opportunities to present the human resources strategy e.g. online based and offline based channels and compares by the different options to involve employees in the creation of human resources strategy.

Social entrepreneurship and employment challenges of persons with mental disabilities

In developed countries there is a valuable experience how to include people with disabilities into society: involve in several activities and let them know as people valuable for the society. More and more academic research is devoted to those aspects as well as public policy is developed to create and support social entrepreneurship. Aim of the paper is to analyse findings and good practice of employment of people with mental disabilities in several countries and analyse the situation and possible developments on employment of people with mental disabilities in Latvia. Tasks of research: 1) analyse results of academic findings on good practice and challenges in employment of people with me…

Public Financing Support Options to Micro-Enterprises for Innovation

Innovation related to the technological advances of entrepreneurship are essential in Industry 4.0. The availability of sufficient funding is one of the factors promoting innovations in companies. Therefore the issue of access to finance remains relevant. The study investigates the availability of public financial support for micro-enterprises - the largest enterprise category in Latvia (approximately 94%), focusing on those for whom the introduction of innovations is essential for their growth. In an ad hoc survey of companies registered in Latvia in nationally defined sectors, entrepreneurs disclosed their sources of funding over the three-year period: 2015-2017. Valid responses from 2511…

INTERNET USE FOR SHOPPING IN LATVIA: FINDINGS BY RECENT SURVEY

Recent developments of internet applications and increase in application of various information technologies have supported fast development of internet shopping worldwide and also important topics for academic researchers. Aim of the research: check findings of recent preferences by customers on internet shops and factors for internet shop choice, different aspects on internet shopping and comparisons with academic research results in other countries. Tasks: scientific findings studies and empirical investigations on customer preferences and determining factors for choice of different factors in internet shopping. Research methods used: recent scientific publications studies, studies of st…

Expenses for Dwelling – Comparisons by Regions and Territories in Latvia

The research was supported by the NATIONAL RESEARCH PROGRAMME “LATVIAN HERITAGE AND FUTURE CHALLENGES FOR THE SUSTAINABILITY OF THE STATE” project “CHALLENGES FOR THE LATVIAN STATE AND SOCIETY AND THE SOLUTIONS IN INTERNATIONAL CONTEXT" (INTERFRAME-LV, Project No.VPP-IZM-2018/1-0005).

Employers’ Needs and Expectations for Qualified Employees (Case Study on the Opinions in One of the Regions in Latvia)

Abstract Qualified, loyal and motivated employees are highly demanded by employers and business promoters. The paper deals with employers’ needs and expectations for qualified and loyal employees, and investigates cooperation of employers, educators and municipalities. The following methods were used: analysis of scientific publications; focus group discussions; surveys of employers, teaching staff, students and graduates of VEI. For survey data analysis descriptive statistical analysis, non-parametric statistical test of Kruskal-Wallis and factor analysis were applied. The main findings indicate that besides professional skills and competence, social competence, motivation to work and resp…

Role of Education and Training on Income in Different Regions of Latvia

Latvia is often critisised by international institutions on rising gap for income differences in several social groups. This current research is devoted to analyse of role of education and training on income level. Research methods used: scientific publications and previous conducted research analysis, analysis of EU-SILC data on differences in income depending from education level, from regions and from territory (urban/rural), interviews of regional authorities on life-long training arrangements and applications in regions with lower income level. Data analysis methods: descriptive statistics (indicators of central tendency or location, indicators of variability), cross-tabulations of hou…

Efficient finance regulator as supporter for financial stability of inhabitants

Recent developments in banking sector in Latvia especially related with PNB Bank where bank accounts of many retired people were located leads to requirements for proficiency of Finance Regulator which has to be efficiently financed, stable and professional. In different countries Finance Regulators have different models of their financing. Aim of the study is to investigate different approaches for Finance Regulator financing and analyse expert views on possible development of Finance Regulator financing model in Latvia. Research methods applied: scientific publications and previous conducted research results analysis and expert survey for possible financing model changes in Latvia. In exp…

REDUCING SOCIAL STRATIFICATION VIA DIGITAL SKILLS IMPROVEMENT: THE CASE OF SOCIAL ENTERPRISES IN LATVIA

Latvian social enterprises and social entrepreneurship are becoming important since the adoption of the Social Enterprise Law in 2017 (effective as of 01.04.2018). The number of social enterprises with the legal status and the number of financial grants awarded to social enterprises has been steadily increasing, reaching 161 and 110 of them have received support over 7 million EUR as of 28.02.2021, data of the Register of Social Enterprises. Covid-19 crisis is continuing to have a negative effect on the sector since Latvian social enterprises were not provided any complementary support despite the double-bottom lines they are achieving. Inability to provide structured support mechanisms in …

INVESTING IN SKILLS AND INNOVATION – NEW STRATEGIC TASKS FOR PUBLIC ADMINISTRATIONS

Evidence shows that in the labour market the most demanded specialists are those with high-level vocational skills, implying also their competence for innovation. The latest EU policy initiatives explicitly call for innovation in vocational education and training (VET) systems. This is a relatively new VET policy development. At the same time, it is not yet sufficiently discussed how innovation in VET systems could be best translated in practical terms. Traditionally innovation has been related to the research and development domain, and little routine practices exist regarding the VET system. The present paper will explore the opinions and estimations by public administrators and experts r…

Matching Vocational Training and Labour Market Demands- the Opinion of Public Adminstrations

THE ROLE OF FINANCIAL SUPPORT FOR THE PERFORMANCE AND SURVIVAL OF MICRO-ENTERPRISES

The research was supported by the NATIONAL RESEARCH PROGRAMME “LATVIAN HERITAGE AND FUTURE CHALLENGES FOR THE SUSTAINABILITY OF THE STATE” project “CHALLENGES FOR THE LATVIAN STATE AND SOCIETY AND THE SOLUTIONS IN INTERNATIONAL CONTEXT" (INTERFRAME-LV, Project No.VPP-IZM-2018/1-0005).

The Difference of Social Network Sites Explained with the Employment Seeking Process

This paper describes the difference between business social network sites and private social network sites under consideration of the employment seeking process. The objective of the paper is to explain the different use of social network sites for different purpose. The use of social network sites can be explained with social capital theory which has been tested with the collected data. This paper test if the social capital theory can be expanded to explain social network sites under consideration of the employment seeking process for Xing as business SNS and Facebook as private SNS. The purpose of this article: According the survey to analyze the difference of social network sites explain…

Sales Channels and Media Digitalization Impact on People Voluntary Savings for Retirement

Due to the implementation of new technologies and orientation on digital solutions the communication and sales channels have changed dramatically. Information and client service on-line availability presents strong advantages for business, state agencies as well as customers. However, lack of personal interaction during the communication and sales process can make it difficult for people to understand and even frustrate their desire for a product or service. The purpose of the research is to analyse the digitalization impact on voluntary savings for retirement in Latvia and make comparisons with other countries. The voluntary pension schemes are the part of pension system and its third pill…

Improve Your Social Network and Have the Advantage in the Employment Seeking Process

Human resource management uses social networks to identify new employees. This research investigates if people use social networks to identify employment opportunities and how they improve their networks to get easier and quicker access to information and resources. Researchers worldwide devote their attention to different aspects of identification of new employees via social networks. The authors of the paper have done empirical research based on an online survey with 298 respondents, and the data obtained from the survey has been analysed using various statistical tools. The number of suitable candidates for employment is decreasing and companies need knowledge about the employment seekin…

Differences in the Exchange of Contents of Different Countries in Social Network Sites

The global tool social network sites (SNSs) depend on local issues. The paper compares Latvia (LV), Hungary (HU), United Kingdom (UK) and Germany (GER) to identify similarities and differences in the kind of content which is forwarded to private SNSs. The research evaluates if the global tool SNSs depend on local issues e.g. the country of origin of the member. The influence of the cultural background on the intensity to exchange information is explored in the paper. The research has been done via a survey, survey data were analysed with indicators descriptive statistics, ANOVA to test the difference between the countries and correlation analysis to analyse correlation between factors of so…

Changing The Management Paradigm Of Education And Training For Improved Competitiveness

Quality and Transparency in VET: New Challenges for Public Administrations in Latvia

Abstract The main problem discussed in the paper is the new challenges for public administration of vocational education and training (VET) due to innovations and globalization. Most of the attention in the paper is paid to the readiness of entrepreneurs jointly with municipalities to participate in the preparation of future qualified specialists. Co-operation among various educational establishments, the local government and the employers is crucial. A much neglected aspect still is the co-operation between VET and higher education (HE) institutions – which the authors see as a real driving force for the success of local partnerships to promote regional economic development with respective…

Solution to Urban Air Pollution – Carbon Free Transport

Abstract The analysis of the results of long-term air quality monitoring in Riga is presented, which shows that in city centre throughout the measurement time (2004-2014) according to the guidelines defined by the European Union directives and Latvian laws the limits of small particles PM10 and nitrogen dioxide (NO2) are exceeded. From the nature of appearance of pollution and from the research of morphology and composition of fine dust particles it was concluded that in the city centre where the monitoring was performed the main air pollutants are caused by internal combustion engine vehicles. The measures to reduce air pollution performed by two Action Programs (2004-2009; 2011-2015) of t…

APPROACHES TO IMPROVED INSTITUTIONAL MECHANISMS IN TRAINING LABOUR FORCE TO PROMOTE INNOVATION

The paper deals with the approaches for satisfying the need for the training of modern labour force capable of implementing innovation. The focus of the research is the existing and potentially new institutional mechanisms for enhanced co-operation among the various key stakeholders. The authors’ assumption is that more co-operation between the higher education and research system on the one hand, and the vocational education system on the other hand, would have a beneficial influence on the overall labour force training at all levels to promote innovation. Therefore, the target group for the empirical study of the present research have been medium and high level public administrators in bo…

Factors Influencing the Choice of Higher Education Establishment for Marketing Strategies of Higher Education

Abstract The world-wide competition of higher education programs makes education institutions to seek for most efficient ways to attract students. The presented academic research is devoted also to the issues on motives and influencing factors for the choice of study programs. The methods applied in the current paper are as follows: analysis of scientific publications, focus group discussions, surveys of possible future students. For the evaluation of different aspects of choice a scale of 1-10 was used. For the data analysis of the survey descriptive statistical analysis, cross tabulations and correlation analysis, as well as analysis of variance (ANOVA) and factor analysis were applied.

FACTORS THAT MOTIVATE LATVIAN CONSUMERS TO PURCHASE PRODUCTS AND SERVICES FROM SOCIAL ENTERPRISES IN LATVIA: THE CASE OF SOCIALLY RESPONSIBLE CONSUMPTION

The purpose of the study is to -determine the relative importance of various factors that motivate Latvian consumers to purchase products and services from social enterprises in order to provide practical suggestions and recommendations for Latvian social enterprises that would allow them to improve their performance. The primary method used by the study is quantitative research by the means of an online survey of Latvian consumers of social enterprise products /services. The results of the research indicate that Latvian consumers find the product / service quality aspects, as well as aspects of social responsibility and convenience of the shopping location, on average, as most motivating t…

Material Deprivation: a Case of Latvia

Material deprivation has recently gained prominence as a topic of debate as its proliferation is raising throughout Europe in particular in the countries hit hardest by financial and economic turbulences what leads to the gap in material deprivation levels throughout Europe. The aim of the study is to analyze material deprivation in the regions of Latvia. Research methods used in preparation of the paper: scientific publication and previous conducted research results analysis, analysis of anonimised data of EU-SILC survey results and European Central Bank conducted survey on Household income and expenses survey results, results are compared with the results of other EU countries. Survey ano…

Tax Incentives as a Part of Governments’ Applied Mechanisms for the Third Pension Pillar in Estonia, Latvia, and Lithuania

The main objective of the improvements to public pension systems is to create a balanced three-pillar pension structure and increase public accountability for pension capital formation. Most pension systems are based on the first two pension system pillars – mandatory contributions in the state compulsory unfunded pension scheme and the state-funded or accumulated pension scheme in pension funds. However, the pension level adequacy has been reached by adding the third pension system pillar - voluntary investments in private pension funds. Governments are private pension system policymakers by defining a legal framework and providing tax incentives for voluntary investments for retirement. I…

MATCHING VOCATIONAL TRAINING AND LABOUR MARKET DEMANDS – THE OPINION OF PUBLIC ADMINISTRATIONS

Matching vocational education and training (VET) competencies with actual labour market demands is an increasing challenge for European VET systems. This requires innovation in national VET systems and sets new tasks for public administrations that are responsible for the implementation of the VET systems. The aim of the research is to study the opinion of relevant stakeholders regarding innovation in VET provision. Textual analysis and expert survey among various stakeholders have been carried out. Conclusion has been drawn that experts and social partners express increasing awareness regarding the need of VET innovation. This requires continued research, especially on the interests and mo…

Strategic Partnerships for the Development of Competitive Labor Force Through Vocational Education and Training

Establishing closer links between education, training and the world of work is a high level EU policy priority and increasing in the focus of academic research. Constant skills’ upgrading of the workforce to promote employability requires innovative approaches at national, regional and local level and demands new forms of strategic partnerships. This sets new tasks also for public administrations involved in vocational education and training (VET) provision. In Latvia VET reform is ongoing, with gradual changes in VET governance through increased involvement of social partners. It is important to evaluate the existing institutional mechanisms for co-operation among the social partners and, …

Personal Gains from Materials in Social Networks

Importance of gains from social networks is analyzed in great extent in many countries by many researchers as social networks are reaching more and more importance. Research methods applied: analysis of scientific publications, survey of social network users on gains from materials in social networks. For evaluations by respondents in survey it was used evaluation scale 1–6 as it is used in grading system in Germany. Survey data results are analyzed by indicators of descriptive statistics – indicators of central tendency or location: arithmetic mean, median, mode and indicator of variability – standard deviation. In the research there were found differences by countries in use of social net…

Utilization of Facebook by school children in the apprenticeship seeking process

The search for a practical apprenticeship place can be the first step in the business world for German students. The students have to apply for this placement, as Companies require applicants. Facebook is one of the most often used social networks among the younger generation in Germany, which can provide a direct communication channel between businesses and candidates. The research evaluates the reasons to use Facebook to identify a solid apprenticeship training platform for German students. Research methods applied: scientific publication analysis, survey (by paper-based questionnaire) of German students of the ninth and tenth grade. Analysis of survey data by main indicators of descripti…

Analysis of affordability of meat, chicken, fish or vegetarian equivalent every second day in households in Latvia

In recent years, there are growing research and policy discussions on assessment and analysis of poverty and measurement of material conditions. Researchers and policy makers develop different set of indicators that describes material deprivation. Material deprivation that is usually defined as the extent of functioning failures in the dimension of material well-being is based on set of different items that refer to affordability of basic needs. Affordability of meat, chicken, fish or vegetarian equivalent every second day is one of main indicators that characterizes meeting the basic needs of the households. In case of Latvia, macroeconomic indicators show that through recent years country…

New challenge for social inclusion - marine product processing development of mussel farming in the Baltic sea region

Product recycling opportunities that potentially increase the value of the initial product create interest in creating and developing a field. Seafood is demanded product in the world but creating a higher value of the product the value of it can be increased and in many countries it helped to solve social problems with food provision and employment. Aim of research analysis of area for mollusc farming, and mollusc-processing options to explore opportunities for development of the field. By analysing views of public administrators, entrepreneurs and researchers in selected Baltic Sea Region countries. Based on expert viewpoint (public administrators, entrepreneurs and researchers that parti…

The review of internet marketing use in Latvia's companies

Development of new technologies and increasing competition require new solutions in business applications in internet marketing and advertising. The paper deals with issues related to advertising activities in internet marketing. There were presented both theoretical findings and empirical analysis of the survey conducted among Latvia's companies. The survey was carried out with the assistance of telemarketing company (telephone interviews) among companies selected from Register of Enterprises LURSOFT. The analysis of survey results compared companies responses depending on the company size and turnover changes during the last three years. Various statistical indicators were used for this a…

The Trust of the Information from Employer Rating Platforms

Employer rating platforms are an important platform for potential candidates to collect and provide information about employer. The research investigates the reason to use employer rating platforms by individuals. The focus is on the factor trust for employment rating platforms Trust is important for the exchange of information and use of employer rating platforms. This paper evaluates the factor of trust for the use of employment rating platforms. The analysis of empirical data obtained in survey has been processed with statistical analysis. The research has been done by survey with 514 participants who are living in Germany. The research provide the result that the use of employer rating …

Social Capital, Well-Being and Municipality: Salaspils Municipality (Latvia) Case

Abstract During the last three decades, social capital has gained prominence throughout the social sciences. The concepts has been analysed in various manners (from perspectives of economics, political sciences, sociology, anthropology etc.) providing wide range of theoretical conceptualizations. The aim of paper is to analyse the relation of social capital and possibility to improve the well-being of the municipality’s citizens using co-responsibility approach. In order to achieve the aim, the tasks are formulated as follows: 1) to review theoretical background for concept of social capital and subjective well-being, 2) to analyse the factors of social capital at local level, and 3) to use…

Importance of Webpage Content and Design for Higher Education Export

Higher education export is gaining more and more importance taking into account international competition, the benefits offered by the industry and demographic changes in many countries – the number of local students is reducing due to low birth rates and extensive emigration of young people. There are many academic publications on several aspects related to higher education export. The aim of research is to analyse foreign students’ evaluation on the importance of different organisations’ (universities, agencies dealing with higher education export, ministries) webpage content and design for higher education export. Research methods used: scientific literature review analysis, evaluation o…

Digitalisation in Regions of Latvia – Problems and Challenges

Digital skills are defined as a basic competence, the same level as reading or writing and it is important for country to provide successful digitalisation in regions as regional development is the basis for national development. Purpose of the study is to analyse digitalisation in the regions of Latvia. The tasks of the study: 1) to analyse theoretical background of digitalisation in context of regional development; 2) to analyse existing research of digitalisation in the regions in EU; 3) to analyse problems of digitalisation in the regions of Latvia. Research methods used in preparation of this article: scientific publication and previous conducted research results analysis, analysis of …

Role of Social Partners for Work-Based Learning: Results of Surveys

Abstract Introduction of work-based learning (WBL) in Latvia has required new approaches in decision making of different stakeholders. Experience from countries with long-standing WBL tradition has shown the numerous advantages but also the challenges this approach presents. One of these challenges is the need for new forms and mechanisms of cooperation among the key stakeholders – policy makers, public administrators, employers, educators and social partners. The current paper analyses the results of scientific research in this field, as well as uses the empirical results of two surveys performed by the authors: a survey of public sector experts and a survey of employers in Latvia. In orde…

Promoting Emotional Intelligence in Vocational Education as a Method to Achieve Employability of Graduates

Emotional intelligence can play an important role in an individual’s education and career success. The purpose of this study is to evaluate the opinion of employers on the importance of competencies related to emotional intelligence in the recruitment process in Latvia, as well as the extent to which these competencies can be developed in vocational education and training. Total of 750 companies participated in this research, rating the importance of competencies and the performance of vocational education institutions using a four-point Likert scale. The list of methods currently applied in vocational education developing emotional intelligence competencies was developed through in-depth i…

Restrictive Factors for Micro-Company Growth in Latvia

Every country is interested in entrepreneurship development as entrepreneurs form the basis for economic development, so academic researchers are looking for supportive and restrictive factors in business development. In Latvia, the majority of companies are micro and small enterprises. The aim of the paper is to investigate the restrictive factors related to the successful development of the company in Latvia, depending on the number of employees. Tasks of the research - evaluate the limiting factors influencing the development of micro-companies; find the most important factors that limit the involvement of employees and experienced managers in companies in the country, regions; compare t…

Museum services modernization in Latvia and Lithuania: observation results

Straipsnyje analizuojama muziejų paskirtis ir jų veiklos kismas keičiantis visuomenei. Muziejai turėtų ne tik atlikti kaupiamąją, šviečiamąją, bet ir auklėjamąją funkcijas, siekdami pritraukti išrankius (ypač jaunesnio amžiaus) lankytojus, todėl svarbu paslaugas modernizuoti. Pritaikius stebėjimo metodą, aplankyti 22 muziejai Lietuvoje ir Latvijoje. Taikant teorijoje išskirtus paslaugų modernizavimo kriterijus muziejuose nustatyta, kad vis dar daugelio jų lankymo laikas nepatrauklus, pasigendama paslaugų žmonėms su negalia, trūksta įtraukimo į muziejinę veiklą, elementarių paslaugų, kaip kavinių, parduotuvių, kur lankytojai galėtų nusipirkti replikas, eksponatų suvenyrų kopijas. The evolvin…

Health care spending structures in Poland, Latvia, Lithuania and Estonia over the years as compared to other EU countries

Abstract After joining the European Union in 2004, the post-communist countries have dramatically changed their structure of expenditure for medical services. The cause of this is legislative and ownership changes in the new economy. The study analyzed the expenditure on medical services in the European Union with a special focus on Poland, Latvia, Lithuania and Estonia. The European Union countries were divided into clusters using different methods, that is, Ward’s, Two Step and Centroid Clustering. In the paper, the structure and changes in health expenses were presented according to the types of expenditures over the years 2004-2015. Countries were assigned to clusters based on three var…

Social Inclusion Challenges for Different Society Groups in Latvia

Latvia has been receiving critical remarks from international institutions in regard to high level of social inequality of various groups in the society. Statistical data indicate that the society of Latvia has to address serious challenges in social inclusion, including several aspects in health care. The aim of the paper is to propose possible solutions for social inclusion of different society groups, especially in relation to health care aspects and including application of life-long-learning for health care for several society groups. Research approach to the problem: analysis of data obtained in representative survey 9280 respondents: health condition self-evaluation analysis by regio…

Which skills, competencies and attitudes are employers looking for in recruitment process in Latvia?

Purpose – the purpose of the study is to evaluate the opinion of employers on the importance of employability competencies in recruitment in Latvia, considering increasingly global and changing labour market. Research methodology – total of 750 companies participated in this research. A list of 17 skills, competencies and attitudes, important for individual employability in changing labour markets, was rated using a four-point Likert scale. Findings – the research results show that employers value attitudes, emotional and self-management competencies the most when hiring potential employees, which are followed by social competencies. Although academic skills were assessed as the least impor…

Overall Life Satisfaction In Latvia

The concept of life satisfaction has always been important part of providing well-being of population. Life satisfaction of inhabitants of the country is becoming a greater challenge for country to solve as it affects both personal and professional life of citizens and performances that are made in these fields therefore it is necessary to be aware of the current situation in order to know in what situation Latvia is, what are the challenges and what needs to be improved in the future. The purpose of the study is to analyse overall life satisfaction development in Latvia by gender, age group and education level. The tasks of the study: 1. to analyse different approaches of theoretical findi…

COMPLIANCE AND THE RECOVERY OF FINANCIAL SERVICES OF THE EUROPEAN UNION: NEW CHALLENGES FOR LATVIA’S BANKING SECTOR

Determinants of international banking failures have been widely discussed and summarized. A combination of global and systemic complexity of products that fails down on correct managing of the banking risk systems; consumers who are eager for credits and regulators who are unable to spot the potential global inter-relationships – consequently have led to the failures. As a response to the financial crisis the European Commission has been working actively to complete a comprehensive financial reform to address poor risk management, lack of responsibility and to correct the underlying weaknesses in the supervisory and regulatory framework. The regulatory development is substantially increasin…

The Assessment of Well-being in Context of Regional Development

The aim of the paper is to present the methodology and results of some empirical research of the assessment of well-being at local level in context of regional development. To achieve the aim, such qualitative and quantitative methods of research as comparing, grouping, graphical analysis and focus group methods were be used. The main result and finding of the paper is the conclusion that in order to promote the regional development of the territory, the assessment of well-being at the level of administrative territory is needed. Based on this assessment, the policy can be developed in order to promote the regional development and social cohesion of the territory, as well as to have better …

INFORMATION CHANNELS INFLUENCING THE HOUSEHOLDS’ DECISION OF HOME LOAN PROVIDERS

With rapid growing of competitiveness in the Latvian commercial banking, and resemblance of services offered by banks, it has become significantly important that banks detect the information sources influencing the customer choice of banks of financial products. The relevant literature indicates that a great deal of research effort has been expended to investigate bank selection criteria for broad categories of customers. One promising segment, which, arguably, has not been given enough attention, is the households group. Home loans products make the markets that had the huge increase before crisis. The great fall of interest rates along with the offering of new, more flexible and attractiv…

Importance of innovations for entrepreneurship development – views of entrepreneurs in Kurzeme region

Innovation is one of the most influential aspects for entrepreneurship development. Therefore, also academic researchers pay a lot of attention on different aspects related to innovations. Current research paper is devoted to evaluation of the views of entrepreneurs related to innovation practical applications and problems of introduction of innovations. Aim: evaluate the views of entrepreneurs related to innovation practical applications and problems of introduction of innovations. Research methods applied: previous conducted scientific research results analysis, analysis of statistical data, survey of entrepreneurs. Survey data are analysed by most used characteristics of descriptive stat…

SOCIAL MEDIA USE IN MUNICIPALITIES IN LATVIA

Social media use in municipalities has expanded around the world on the basis of development of internet and technology. Although each social network offers substantial benefits and opportunities to municipalities, research of social media use in municipalities in Latvia remains scant. Purpose of the study is to analyse how much and which social media use municipalities in Latvia. Research methods used in preparation of the paper: recent scientific publication studies, analysis of social media of municipalities of Latvia, survey on social media use in municipalities in Latvia realized on April 2021. For data analysis there were used indicators of descriptive statistics: indicators of centra…

Revealing Employer’s Name in Social Networks

Abstract The research investigates the question of the importance of mentioning the name of the employer in online and offline social networks. The exchange of information is an important part of social networks and social capital theory. Companies can use the networks of their employees to recruit new hires and to check habits and interests of likely new employees. To do that, the employee has to mention the name of the company in these social networks. The paper compares different real social networks used by family and friends and private and business social network sites (SNSs) as online social networks and compares the differences between men and women. The empirical research has been …

PERFORMANCE OF VOCATIONAL EDUCATION IN LATVIA IN DEVELOPING EMPLOYABILITY OF GRADUATES

As the labour market changes at increasing pace, education systems need to respond. Facilitating employability of graduates and preparing them for lifelog learning and constant changes throughout their careers requires new education methods. In order to assess the current approach to developing employability of graduates in vocational education in Latvia, this article aims at evaluating the attitudes of employers on performance of vocational education in developing employability competencies, as well as investigating the practical education methods applied by vocational education institutions to facilitate employability.Total 750 companies participated in this research. A list of 17 employa…

Role of Cooperation with Stakeholders in Work-Based Learning Realization

The research was supported by the NATIONAL RESEARCH PROGRAMME “LATVIAN HERITAGE AND FUTURE CHALLENGES FOR THE SUSTAINABILITY OF THE STATE” project “CHALLENGES FOR THE LATVIAN STATE AND SOCIETY AND THE SOLUTIONS IN INTERNATIONAL CONTEXT" (INTERFRAME-LV, Project No.VPP-IZM-2018/1-0005).

Challenges of nation-branding for stimulation of Latvian exports

Abstract The presented research aims to contribute to the conceptualisation of the nation-brand of Latvia with the purpose of stimulation of national export performance. The subject of the research is three aspects presumably challenging the branding of Latvia with reference to national export development. The investigated challenges are the barriers and opportunities for green-branding of Latvia; the absence of the generally accepted indication of the geographical identity of the Baltic region; and the contradictable popular image of Latvia as a cheap country. The research poses two research questions inquiring into the issues of nation-branding of Latvia currently being faced in the conte…

THE ROLE OF PUBLIC ADMINISTRATION INSTITUTIONS IN IMPROVED APPROACHES TO MODERN LABOUR FORCE TRAINING

The current research is aimed at studying the role of public administration institutions in securing improved approaches towards modern labour force training. More specifically, the research is being targeted at the existing and emerging institutional approaches (mechanisms) for a comprehensive treatment of the problem of labour market skills in relation to ‘innovation capable’ labour force. The presupposition behind the research is that the relatively weak links between the higher education and research system and the vocational education and training system may be a potential obstacle for the training of ‘innovation capable’ workforce at all levels. To study the problem, the opinions of t…

Benefits of Employees Social Network Sites Profiles for Job Applicants

This paper investigates the benefits of social network site (SNS) profiles of employees for candidates. The research is interested in identifying the value of information contained within SNS profiles to applicants. The knowledge that potential candidates use SNS profiles during the employment seeking process is important for companies to know how to use such profiles successfully. The digitalization and change of the labor market are new circumstances for companies. That needs innovative and new solutions to support the employment seeking process. The research used an online survey for target group with 362 respondents per analyzed item. This research provides a deeper insight into the ope…

SUSTAINABLE LOCAL DEVELOPMENT FROM PERSPECTIVE OF CITIZENS: SALASPILS MUNICIPALITY (LATVIA) CASE

Conditions are very different in the different parts of any country, and the quality of life as well as the impacts produced on the environment depend on a variety of local factors of environmental, economic and cultural nature, and every action must cope with such local conditions, traditions, and attitudes. Thereby one of the approaches on assessment of sustainable development could be based on subjective evaluation of citizens of certain municipality. During 2010-2012 in Salaspils municipality (Latvia) the SPIRAL methodology for measurement of subjective well-being indicators using co-responsibility approach was approbated, which was the basis for establishing the more efficient dialogue…

FACTORS PROMOTING SOCIAL MEDIA USE IN LOCAL GOVERNMENTS IN LATVIA

The research was supported by the NATIONAL RESEARCH PROGRAMME “LATVIAN HERITAGE AND FUTURE CHALLENGES FOR THE SUSTAINABILITY OF THE STATE” project “CHALLENGES FOR THE LATVIAN STATE AND SOCIETY AND THE SOLUTIONS IN INTERNATIONAL CONTEXT" (INTERFRAME-LV, Project No.VPP-IZM-2018/1-0005).

Wage Gap as a Possible Determinant of Gender Inequality

Recent academic researchers have indicated that there are possible inequalities concerning work and pay in different countries, professions and economic sectors. The aim of current research is to analyse recent scientific findings on the wage gap depending on gender and empirical data in Latvia using EU-SILC surveys, Labour Surveys and monthly statistical data on wages and salaries for women and men. The findings indicated that in various economic fields and occupations women were under-represented, and amongst most of these fields the modal net wage interval for women was lower than the modal net wage interval for men. It was also concluded that in January 2018 the average gross income fro…

A study of male and female managers between economic sectors of Latvia using EU-SILC survey

Gender pay difference has been a widely recognized issue worldwide and one of the most popular research topics between various researchers, as there is still a relatively low share of women representing roles in senior management. The aim of this study is to analyse recent scientific findings on wage gap between male and female managers, and to explore possible occupation segregation in Latvia, as well as employment differences between male and female managers in the context of economic sectors and salary levels. Research methods used to prepare this particular study are analysis of the following: scientific publications, statistical data obtained from the database of European Union Statist…

Work-based-learning development in Latvia: success and further challenges by views of educators, employers and students

Latvia is among countries showing significant results in the introduction and implementation of work-based learning – being a country with historically school based vocational education and training system. The current research is devoted to the analysis of developments and challenges of work-based learning in Latvia - by views of entrepreneurs, educators and students. Research methods used were: scientific publications and previous conducted research analysis, analysis of survey results of entrepreneurs, educators and students on several aspects of work-based-learning. To have deeper analysis of specific aspects of work-based-learning the respondents were asked to evaluate the analysed asp…

Performance and work of nasal breathing

Abstract OBJECTIVE. To evaluate performance (Q) and work (W) of nasal breathing as potential parameters in functional diagnostic of nasal obstruction. MATERIAL AND METHODS. We included in our study 250 patients and we measured by 4-phase-rhinomanometry with decongestion test. We calculated performance Q of the “representative breath” in inspiration and expiration and in total breath, maximal performance Q (Qmax), Work W of nasal breathing in mJ and in mJ/litre and Q in J/min. RESULTS. The interquartile range of Win for representative breath before decongestion is 356 mJ/l, Wex 308 mJ/l, while after decongestion Win is 264 mJ/l and Wex 220 mJ/l. There is no significant difference between wor…

Financial Companies in Latvia: Why are they Coming to the Bond Market?

In the period 2013-2017 Latvian corporate bond market had experienced the abrupt growth of the number of public Latvian corporate bond issues outstanding. The base of the expansion was formed by the financing activity of Latvian financial sector issuers (FSIs) with their weight in the pool of corporate bond issues listed in Nasdaq Riga at 85%. In 2019, FSIs remain the main issuer in Latvian corporate bond market (64% of the number of issues (Nasdaq Baltic, 2019)). The financing needs and preferences of the FSIs not only shape the segment profitability but also build Latvian corporate bond market sustainability. 
 Academic papers provide broad motivation for corporate debt issuing: an e…

Market Environment Factors Influence on Development of Bancassurance in Latvia

Banks and insurers as part of financial service industry engage in partnership under the concept of Bancassurance. Several studies are done on this topic, focusing on economies of scale and performance of most Bancassurance common models. The purpose of this study is to identify the key market environment factors that influence the development of Bancassurance for retail banks in Latvia and the level of increase. Aim of this research is to analyse – how market environment factors influence the development of Bancassurance in Latvia. The current paper is focused on the Latvian market where several Bancassurance models are present as we test our propositions by interviewing management represe…

User Preference and Channels Use in the Employment Seeking Process

Trust is a major issue for social capital theory and the word- of mouth concept. This paper compares social network sites with other media under consideration of trust and support. The research evaluates the difference between sources regarding trust and support to explain the situation of social network sites under consideration of the employment seeking process. The aim of this paper is the evaluation of the use of social network sites and private social networks by comparing these with job boards, company information, newspaper and official employment agency web pages. It is to identify the possible differences between information channels and the reasons for the use of different sources…