Specialisation in agricultural and food exports of Lithuania

The analysed research problem answer the question of how the changing trade conditions affect Lithuanian agricultural and food exports. The paper aims to assess the level of specialization in the agricultural and food sector exports of Lithuania. Assessment of the level of specialization was based on calculation of the trade coverage, revealed comparative advantage and intra-industry trade indices and their aggregation. Empirical research covers the period of 1999–2014. The export of agricultural and food products of Lithuania has been positively affected by trade liberalisation and achieved the effect of synergy due to regional integration processes (membership in the EU). It is characterised by high level of specialisation; nevertheless, this does not contribute to increasing of added value in agriculture

The Impact of Economic Fluctuations on Company Results

The influence of economic environment on companies and their activity results are investigated in this article. The analysis of Lithuanian and foreign literature showed that impact of the changes of economic situation on company results has been very poorly explored. The company bankruptcy valuation question is more popular among researchers, but we think, that the tasks to identify the circumstances that warn about the changes of company results in advance, to adapt the company to new business conditions and to block the way to bankruptcy are more important. The aim of this article is to define how the changes of economic situation in the state influence the results of Lithuanian companies and their bankruptcy risk. The general data that include all sectors and all companies in this country are used in this research. The correlation analysis and regression analysis are used in order to establish the relation between company results and the changes in economic situation that are reflected by the changes of general domestic product (GDP). The investigation of the relationship between companies' results and the changes of GDP showed that the number of companies and the number of bankruptcies in the state are directly dependent on the changes of GDP in a year. The authors showed that there is strong linear dependence between the changes of GDP and the main financial ratios of the company: the changes in sales, changes in gross profit and various profitability ratios. The results showed that changes of GDP influence Z value of Altman model that reflect the bankruptcy risk of the companies