Suchergebnisse

Since the beginning of the XXI century, there have been clear modifications in the sector of higher education, when the institutions have moved near to the economic sector. These changes were primary introduced as the consecutive response to the transformation processes within the society, which should be embedded in the following construct: there was a clear move towards a more competitive and market-based system. Due to the changes in the operating environment financial sustainability and its management for the higher education institutions became one of the core elements. The main objective of the current paper is to discuss the practical application of the methodology for the management of higher education institutions based on the example of Latvian private higher education institutions. The author would like to argue that the paper contributes to the fundamental discussion of financial sustainability in the field of higher education institution management. Moreover, it has got practical implications for the management of the organizations not only in Latvia but also in other countries when efficiency and effectiveness are primary issues.

Global economic and financial crisis has forced politicians, economists and ordinary people irrespective of their political, cultural, and religious affiliation to think about values and realization of these values in the market economy. The need and desire for a renaissance of social market economy is particularly relevant in regard to the latest financial crisis and its consequence. So that the topicality of this problem encouraged to formulate the following goal of the paper: based on the interdisciplinary literature study to find an opportunity of updating the concept of social ethics and to create a model, which includes European Christian cultural values, but at the same time meets the requirements of the modern business environment. Based on the analysis the author provides the theoretical model including cooperation opportunities inside the business organization. Consequently, both Christian social ethics` concept and socio-political issues are used, providing the possibility for interdisciplinary exchange and dialogue.DOI: http://dx.doi.org/10.5755/j01.em.17.2.2201

Purpose of the article: Due to globalization processes and technological development, companies are having more influence on global society than ever. Therefore, business misconduct causes enormous harm to stakeholders, whereas ethical behavior is becoming an important issue. The goal of the following study is to verify and measure a positive effect from investments in social activities on financial attractiveness of companies in the form of its stock portfolio value growth. Methodology/methods: In order to achieve the goal of the research, quantitative analysis is used by comparing performance of stock portfolio of companies having long-term investments in social activities with market index increment. The quantitative results are accompanied with the review of corporate social responsibility definition and some practical issues on governmental and corporation level. Scientific aim: The conducted research contributes both to the scientific discussion about development of appropriate investment strategy in companies applying CSR principles as well as to the discussion of related terminology used in the field. Findings: The research has shown that engagement in the CSR activities tends to have strong positive effect on companies' financial results and investors' financial performance. The research proves this fact by comparing value increment of CSR-portfolio (+35.99% gained from January 2015 to March 2017) with market index (+22.37% in the same period). Conclusions: Regardless the positive result achieved in the study the authors have determined several gaps in the research, which will be discussed in the further studies on the field.