Browsing by Author "Dovladbekova, Inna"

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    Capital structure and corporate governance: Evidence from Eastern European listed companies
    (2019) Berķe-Berga, Anželika; Dovladbekova, Inna; Eiropas studiju fakultāte
    The goal of this paper is to investigate the relationship between corporate governance quality and capital structure of a firm. Survey sample consists of 799 listed companies in 9 Eastern European countries. OLS regression is done with book and market leverage as dependent variables and a corporate governance index constructed by the authors serves as the main explanatory variable. Other control variables, mostly positions and ratios from financial statements, are also used. The regression models with market leverage as dependent variable have larger explanatory power than models with book leverage. The results of the survey reveal negative relation between corporate governance index and market leverage, which means the higher level of corporate governance, the lower level of debt. Other existing empirical findings from other countries show various conclusions – some similar, some – contrary to this survey, and some have inconclusive results.
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    Entrepreneurship in the Time of Covid-19: Challenges, Opportunities and Government Assistance in Latvia
    (Latvia University of Life Sciences and Technologies, 2021-05) Berķe-Berga, Anželika; Dovladbekova, Inna; Urbāne, Marta; Auziņa, Anita; Starptautiskā biznesa un ekonomikas katedra
    The aim of this article is to analyse the government assistance provided to entrepreneurs in Latvia and its efficiency and appropriateness to the economic conditions encountered by entrepreneurs during the COVID-19 crisis. An insight into international experience creates the framework of this study. The empirical analysis is based on secondary data analysis and entrepreneurs survey data on business response to COVID-19 related pandemics restrictions and government assistance in Latvia. The observed business areas are financial and risk management, international trade, communication, employment, innovations, strategic change and legal issues. The paper finds that the crisis affected the most such industries as accommodation and catering services; arts, entertainment and recreation. The result provides support to justification for a national long-term crisis management strategy for business sustainability.
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    Legal Challenges of Teleworking in Latvia
    (2021) Urbāne, Marta; Dovladbekova, Inna; Berķe-Berga, Anželika; Eiropas studiju fakultāte
    Due to technological developments and entry of new generations into the labor market, teleworking is rapidly becoming more widely used as a form of employment. The Covid-19 crisis has increased its relevance over the past year. In the Latvian regulatory framework, this has been defined recently, including the definition of telework in the Labour Protection Law. Given that companies have had to adapt to the organisation of telework relatively quickly, in practice there are legal obstacles to effective implementation of sustainable telework. The aim of the article is to reveal the most significant legal obstacles to implementation of efficient and sustainable telework in Latvia, considering experience of other countries. Both national and international legislation have been used in the study to achieve the set goal. Descriptive, analysis, induction and deduction methods have been used in the development of the article. The results showed that there are uncertainties about application of the law in Latvia in the context of telework to the employee’s right to disconnect from digital devices. The authors also found that planned changes to the Labour Law regarding telework do not create legal certainty in employment relations in emergency situations, such as the Covid-19 crisis. The authors also suggest including the right to disconnect in the Latvian regulation, to secure employees’ rights to privacy and secure and healthy work environment.
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    Legal Challenges of Teleworking in Latvia
    (Rīga Stradiņš University, 2021) Urbāne, Marta; Dovladbekova, Inna; Berķe-Berga, Anželika; Rīga Stradiņš University, Faculty of European studies, Latvia
    Due to technological developments and entry of new generations into the labor market, teleworking is rapidly becoming more widely used as a form of employment. The Covid-19 crisis has increased its relevance over the past year. In the Latvian regulatory framework, this has been defined recently, including the definition of telework in the Labour Protection Law. Given that companies have had to adapt to the organisation of telework relatively quickly, in practice there are legal obstacles to effective implementation of sustainable telework. The aim of the article is to reveal the most significant legal obstacles to implementation of efficient and sustainable telework in Latvia, considering experience of other countries. Both national and international legislation have been used in the study to achieve the set goal. Descriptive, analysis, induction and deduction methods have been used in the development of the article. The results showed that there are uncertainties about application of the law in Latvia in the context of telework to the employee’s right to disconnect from digital devices. The authors also found that planned changes to the Labour Law regarding telework do not create legal certainty in employment relations in emergency situations, such as the Covid-19 crisis. The authors also suggest including the right to disconnect in the Latvian regulation, to secure employees’ rights to privacy and secure and healthy work environment.
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    Managerial ownership and firm performance: Evidence of listed companies in the Baltics
    (2017) Berķe-Berga, Anželika; Dovladbekova, Inna; Ābula, Marta; Eiropas studiju fakultāte
    This paper focuses on the relationship between managerial ownership and firm performance, which appears to be an important issue in corporate governance literature. We conduct regression analysis employing a sample of listed companies in the stock exchanges of the Baltic States. We test whether increased managerial ownership has effect on firm performance measured by Tobin’s Q and return on assets (ROA). The results reveal that there is positive relationship between managerial ownership and internal performance measure (ROA) while it does not significantly affect the market performance measure (Tobin’s Q). We conclude that management mainly focuses on firm fundamental factors and ratios like profitability, sales growth, investment – they have positive relation with managerial ownership. Meanwhile, there is no significant difference in market-related factors for companies with or without managerial ownership, as these factors in the Baltics are more influenced by other considerations like economics, politics and high liquidity premium.