Enterprise Risk Management in Lithuania

Darškuvienė, Valdonė; Nasteckienė, Vilma; Samys, Edvinas

doi:10.1108/978-1-83867-245-420211006

Cited by 2 publications

(3 citation statements)

References 26 publications

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“…The law does not provide the possibility to acquire employee shares free of charge (granted) or partly charged, and the employee must pay for the subscribed shares before the restriction on the transfer of shares expires (Art. 43 (4,5)).…”

Section: Available In Lithuaniamentioning

confidence: 99%

“…Although the financial participation of employees in the company's activities is not a new phenomenon, there are only fragments of scientific studies on this in Lithuania, and some of them are quite old. 4 Here we could only distinguish the study conducted by Remigijus Civinskas 5 on the adaptation of employee representatives to the measures applied by companies to involve employees in management (activities). This study does not analyze the adaptation of employers to the aforementioned measures of involvement of employees.…”

Section: Introductionmentioning

confidence: 99%

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Sharing Shares with Employees: Tools and Empirical Evidence from Lithuania

Bitė,

Vasiliauskas

2024

Baltic Journal of Law &Amp; Politics

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This paper discloses the situation, specifics, tendencies, and limitations of employers’ adjustment to employee financial participation (sharing shares) in companies in Lithuania. Three main tools are analyzed: the issuance of employee shares (known since 1990); a share granting (effective since 2018); and employee stock options. The empirical part of the paper is based on interviews conducted in 2019 and repeated in 2022–2023 with expert lawyers from Lithuanian law firms, alongside a survey of Lithuanian companies. The following aspects were analyzed: employers’ knowledge of the possibilities of involving employees in company management (activities); instruments used by employers to implement employee financial participation; reasons that prevent successful employee involvement and barriers from the perspective of employees; tax-related issues; and measures that could facilitate greater employee involvement within the company. The research results show that there is a tendency that promotion via shares is becoming more popular and that business culture is slowly evolving. Employee stock options are the most used instrument, surpassing the use of statutory tools to grant shares to employees.

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Section: Available In Lithuaniamentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Sharing Shares with Employees: Tools and Empirical Evidence from Lithuania

Bitė,

Vasiliauskas

2024

Baltic Journal of Law &Amp; Politics

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“…It allows business managers and employees to make sound decisions that benefit the organization and help avoid negative outcomes. It also enables management to develop strategies to ensure that businesses can deal with various challenges (Darskuviene et al, 2021;Karim et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

Dynamic Capabilities and Their Impact on Risk Management: Evidence from Jordan

Abdaljabar,

Alshaer

2024

IJARBSS

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The study aimed to identify the impact of dynamic capabilities by its dimensions (sensing capability, learning capability, integration capability, coordination capability, and reconfiguration capability) on risk management by its combined dimensions (risk identification, risk assessment, risk response, and risk monitoring) at Jordan Food and Drug Administration (JFDA). A survey was used for the study population which consisted of (163) employees in supervisory positions at all administrative levels in JFDA. The electronic questionnaire was adopted as a tool for collecting data, and (146) valid questionnaires for statistical analysis were retrieved. This study found a significant impact of dynamic capabilities by their dimensions on risk management at JFDA, and also it found a significant impact of dynamic capabilities on each dimension of risk management. The results also indicated that the level of dynamic capabilities was high. On the other hand, integration and coordination capabilities had a medium level while risk management became at high levels. This study recommended enhancing benchmarking with international and regional institutions, encouraging knowledge exchange, and leveraging external experiences in risk management. It also emphasized the need for increased attention to integration and coordination capabilities, suggesting ongoing efforts to enhance them by providing support and resources. Furthermore, the study advocated for a collaborative work environment, with clear mechanisms for coordination and integration among different directorates, aiming to prevent task duplication through the establishment of coordination committees.

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Enterprise Risk Management in Lithuania

Cited by 2 publications

References 26 publications

Sharing Shares with Employees: Tools and Empirical Evidence from Lithuania

Sharing Shares with Employees: Tools and Empirical Evidence from Lithuania

Dynamic Capabilities and Their Impact on Risk Management: Evidence from Jordan

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