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Business Management Research and Innovation Research Groups Financing for Development: Responsible Investment; Financial Management for Efficiency; Project evaluation and Risk Management

Financing for Development: Responsible Investment; Financial Management for Efficiency; Project evaluation and Risk Management

The aim of the research is to prepare financing solutions under specific areas that would allow the interested party to achieve development goals. In case of investment – to ensure responsible investment principles. In financial management – to offer such financial management solutions that would lead to increase of operational efficiency of the interested party. In case of project evaluation and risk management – to offer optimal decision-making methods in the management of the project financial flows and risks.
Topicality and originality of the research:
The Third UN Financing for Development Conference in July 2015 (The Addis Ababa Action Agenda (AAAA) agreed a comprehensive Means of Implementation package for the 2030 Agenda. The principle of development effectiveness should be applied to all areas and can help to ensure that resources are effectively and efficiently targeted. This true of financial resources as well. Thus Solutions for Financing for development should include the responsible investment principles and should meet the company's long-term operating efficiency targets and should take into account project management approach and project risk management.
The choice of research methodology is emphasized with specific problem identification, problem investigation complexity and a choice of appropriate in a given situation simulation and (or) decision making methods, and the validity of the solution.
Theoretical contribution includes creation of the methodology and evaluation of the relationship between variables. Decisions can be given in various economical activities under given conception.
Responsible investment, effectiveness of investments, project risk management, project risk modeling.


Assoc Prof Dr Algita Miečinskienė (CV and publications)
Prof Dr Rima Tamošiūnienė (CV and publications)
Assoc Prof Dr Kristina Garškaitė-Milvydienė (CV and publications)
Assoc Prof Dr Audrius Dzikevičius (CV and publications)
Assoc Prof Dr Daiva Burkšaitienė (CV and publications)
Assistant Jelena Borisova (CV and publications)
Dr Galina Ševčenko (CV and publications)
Dr Nomeda Dobrovolskienė
Dr Lina Pečiūrė
PhD students:
Anžela Kozlova
Indrė Slapikaitė


  1. Dobrovolskienė, Nomeda; Tamošiūnienė, Rima. Sustainability-oriented financial resource allocation in a project portfolio through multi-criteria decision-making. Sustainability. Basel: MDPI AG. ISSN 2071-1050. Vol. 8, iss. 5 (2016), p. 1-18.. []
  2. Arribas, Iván; García, Fernando; Guijarro, Francisco; Oliver, Javier; Tamošiūnienė, Rima. Mass appraisal of residential real estate using multilevel modelling. International journal of strategic property management. Vilnius: Technika. ISSN 1648-715X. Vol. 20, no. 1 (2016), p. 77-87.. []
  3. Dobrovolskienė, Nomeda; Tamošiūnienė, Rima. An index to measure sustainability of a business project in the construction industry: Lithuanian case. Sustainability. Basel: MDPI AG. ISSN 2071-1050. Vol. 8, iss. 1, 14 (2016), p. 1-14.. []
  4. Dobrovolskienė, Nomeda; Tamošiūnienė, Rima. The use of resource allocation tools in project portfolio managament: Lithuanian case. The 8th international scientific conference "Business and Management 2014". Vilnius: Technika, 2014. ISSN 2029-4441, p. 27-34.. [; 04S]
  5. Tamošiūnienė, Rima; Slapikaitė Indrė. The effect of socially responsible investing on mutual fund performance. The 7th international scientific conference "Business and Management 2012". Vilnius: Technika, 2012. ISSN 2029-4441, p. 225-232.. []
  6. Tamošiūnienė, Rima; Survilaitė, Simona. Assessment of intellectual capital in joint-stock companies. Verslas: teorija ir praktika. Vilnius: Technika. ISSN 1648-0627. Vol. 17, no. 1 (2016), p. 56-64.. []
  7. Slapikaitė, Indrė; Tamošiūnienė, Rima. Theoretical aspects of corporate social responsibility as the practical implementation of sustainable development. Ekonomika a management. Prague: University of Economics, Czech republic.. ISSN 1802-8934. Vol. 4 (2015), p. [1-11].. []
  8. Dudzevičiūtė, Gitana; Tamošiūnienė, Rima. Structural trends of general goverment expenditure in the Baltic and Scandinavian countries. KSI Transactions on Knowledge Society. Sofia: Kowledge Society Institute. ISSN 1313-4787. Vol. 8, no. 2 (2015), p. 11-17..  []
  9. Slapikaitė, Indrė; Tamošiūnienė, Rima; Mackevičiūtė, Kotryna. Research of investment opportunities in socially responsible business in Lithuania. Journal of security and sustainability issues. Vilnius: Generolo J.Žemaičio LKA. ISSN 2029-7017. Vol. 4, iss. 4 (2015), p. 621-635.. []
  10. Dobrovolskienė, Nomeda; Tamošiūnienė, Rima. Resource allocation in project portfolio management: practice in the Baltic States. KSI Transactions on Knowledge Society. Sofia: Kowledge Society Institute. ISSN 1313-4787. Vol. 7, no. 1 (2014), p. 28-31.. [; 04S] 
  11. Slapikaitė, Indrė; Tamošiūnienė, Rima. Socially responsible mutual funds – a profitable way of investing. Scientific Annals of the “Alexandru Ioan Cuza” University of Iasi. Iasi: “Alexandru Ioan Cuza” University Press. ISSN 0379–7864. Vol. 60, iss.1 (2013), p. 199-211.. [] 
  12. Tamošiūnienė, Rima; Marcinkevič, Anna. Peculiarities of projects of enterprise resource planning system implementation. KSI transactions on knowledge society. Sofia: Kowledge Society Institute.. ISSN 1313-4787. Vol. 4, no. 3 (2011), p. 20-24.. [; 04S]
  13. Stankevičienė, Jelena; Sviderskė, Tatjana; Miečinskienė, Algita. Dependence of sustainability on country risk indicators in EU Baltic Sea region countries. Journal of business economics and management. Vilnius: Technika. ISSN 1611-1699. Vol. 15, no. 4 (2014), p. 646-663.. [; 04S]
  14. Miečinskienė, Algita; Jurevičienė, Daiva. Evaluation of importance of motives for outward foreign direct investment. The 6th International Scientific Conference Business and Management 2010: selected papers. May 13-14, 2010. Vol. 1. Vilnius: Technika. ISSN 2029-4441. 2010, p. 132-139.. []
  15. Zigmantavičiūtė, Evelina; Miečinskienė, Algita. Lietuvos tiesioginių investicijų Europos Sąjungos šalyse analizė. Mokslas - Lietuvos ateitis. Vilnius: Technika. ISSN 2029-2341. T. 7, Nr. 2 (2015), p. 172-178.. []
  16. Miečinskienė, Algita; Lapinskaitė, Indrė. The research on the impact of the changes of commodity price level in the world commodity xchanges on variation of general price level. Economics & sociology. Ternopil: Centre of Sociological Research. ISSN 2071-789X. Vol. 7, iss. 4 (2014), p. 71-88.. []
  17. Miečinskienė, Algita; Stasytytė, Viktorija; Kazlauskaitė Justina. Reasoning of export market selection. Procedia - Social and Behavioral Sciences. The 2-dn International Scientific conference „Contemporary Issues in Business, Management and Education 2013". Amsterdam: Elsevier Science Ltd. ISSN 1877-0428. 2014, Vol. 110, p. 1166-1175.. [
  18. Stankevičienė, Jelena; Sviderskė, Tatjana; Miečinskienė, Algita. Comparison of country risk, sustainability and economic safety indices. Verslas: teorija ir praktika. Vilnius: Technika. ISSN 1648-0627. Vol. 15, no. 1 (2014), p. 1-10.. []
  19. Stankevičienė, Jelena; Sviderskė, Tatjana; Miečinskienė, Algita. Relationship between economic security and country risk indicators in EU Baltic sea region countries. Entrepreneurial business and economics review (EBER). Contemporary issues in international economics. Cracow: Cracow University of Economics. ISSN 2353-883X. Vol. 1, no. 3 (2013), p. 21-34.. [; 04S]


Participation in financed by EU structural funds project “Creation of integrated business process simulation system for interdisciplinary management and business administration studies”. Projects’ code No. VP1-2.2-ŠMM-07-K-01-038. From 2010 till 2012.
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