Vol. 6 (2012): Journal of Business Management

In 2012, the Editorial Board received 37 papers, which went through the anonymous peer review process by 2 subject experts (in some cases - 3) from 11 universities. As a result, 17 papers were accepted for publication in the 6th issue of the Journal of Business Management. The new issue comprises 3 chapters:
1. Business management
2. Finances
3. Other topics.

The first chapter focuses on the international economics and business management research. It is devoted to the issues of the global financial crisis, structural development of the Baltic States, the Latvian-Turkish economic cooperation, and health tourism development in Slovakia, amongst others. The second chapter includes the finance-related topics, such as the analysis of capital adequacy in the Latvian banks and application of the composite financial index in higher education institutions. The final chapter covers the wide range of research areas – from education quality to social entrepreneurship. The papers in each chapter are structured in the order of acceptance by the Editorial Board.

One of the published papers (by Ron P. McIver, Australia) analyses changes in the global business environment using a comparatively new approach – the study of large, top 1000, listed companies in the periods preceding, covering, and following the global financial crisis (2005-2011).

“History shows that economic development has been outrunning in socio-economic systems until present. Recent crises (financial, national debt) as well as the social unrest linked to them indicate the diminishing stability of the existing socio-economic system.

We can attempt to explain this case in a traditional way – regulation mechanisms are not functioning properly, e.g., financial market regulation mechanism; political systems are functioning poorly, etc., or to look for long- (mid-) term cycles.

However, it might occur that the problem is deeper. While the economy has been developing (globalisation, growth of labour productivity, growth of unemployment, and so forth), quantitative changes in the socio-economic system have caused qualitative changes. Hence, the new socio-economic system will emerge (emerges), which can ensure dynamic stability again, but in a comparatively long period of time”1.

Most of the selected papers and published research results were presented and discussed in the course of two international scientific conferences:
1. The 5th International Scientific Conference “Information Society and Modern Business. Knowledge Creation and Transfer into New Competences”, which was held in Ventspils University College on 26-27 April 2012.
2. The 9th International Scientific Conference on Accounting and Finance in Transition, European and World Experience, and Public Policy Consideration (ICAFT-2012) held in Riga International School of Economics and Business Administration on 11-13 October 2012 held in Riga International School of Economics and Business Administration on 11-13 October 2012.

The conferences attracted over 150 delegates – international researchers, academics, entrepreneurs, and policy makers – from Australia, Congo, Croatia, Estonia, Finland, Germany, Latvia, Lithuania, Poland, Russia, Serbia, Slovenia, the United Kingdom and other countries.

Head of the Editorial Board, Vulfs Kozlinskis

Published: 17.01.2023