Re-export of Financial Services

The present article deals with the research of the concept of ‘re-export of financial services’ in banking, the examples of its practical expression and influence on economic processes. For theoretical formulation of the ‘re-export of financial services’ concept the author uses the method of inductive evidence to compare the concepts of export and re-export of goods and services, as well as analyzes historical information on the given subject. Special attention is paid to the comparison of ‘re-export of financial services’ with ‘re-export of capital’. The above mentioned research resulted in the author’s derivation of re-export theory. As practical examples of re-export of financial services the author quotes current schemes used by Latvian banks in their work with fast money transfers and with financial instruments trading on global markets. The article is completed by a disclosure and survey of positive and negative aspects of the influence of re-export, including financial services, on both subjects of economics and economy as a whole

FACTORS INFLUENCING EXPORT OF FINANCIAL SERVICES

Almost all countries in the world are involved in the world trade of financial services. However, whereas for most countries the export of financial services is only a side result of their foreign economic activities, for some countries it composes a constitutive source of income. The purpose of the current research is to determine the factors that influence the export of financial services thereby explaining the differences in geographic allocation of financial services export throughout the world. For achieving this purpose, such research methodology as analysis of selected literature on financial services, an expert survey, as well as mathematical processing of the obtained research data have been used. The  result of the research has reflected common factors, which according to the financial experts’ opinion have the most significant influence on any country's export of financial services

Development of Investment Strategy Applying Corporate Social Responsibility

Purpose of the article: Due to globalization processes and technological development, companies are having more influence on global society than ever. Therefore, business misconduct causes enormous harm to stakeholders, whereas ethical behavior is becoming an important issue. The goal of the following study is to verify and measure a positive effect from investments in social activities on financial attractiveness of companies in the form of its stock portfolio value growth. Methodology/methods: In order to achieve the goal of the research, quantitative analysis is used by comparing performance of stock portfolio of companies having long-term investments in social activities with market index increment. The quantitative results are accompanied with the review of corporate social responsibility definition and some practical issues on governmental and corporation level. Scientific aim: The conducted research contributes both to the scientific discussion about development of appropriate investment strategy in companies applying CSR principles as well as to the discussion of related terminology used in the field. Findings: The research has shown that engagement in the CSR activities tends to have strong positive effect on companies’ financial results and investors’ financial performance. The research proves this fact by comparing value increment of CSR-portfolio (+35.99% gained from January 2015 to March 2017) with market index (+22.37% in the same period). Conclusions: Regardless the positive result achieved in the study the authors have determined several gaps in the research, which will be discussed in the further studies on the field

Re-Export of Financial Services

The present article deals with the research of the concept of ‘re-export of financial services’ in banking, the examples of its practical expression and influence on economic processes. For theoretical formulation of the ‘re-export of financial services’ concept the author uses the method of inductive evidence to compare the concepts of export and re-export of goods and services, as well as analyzes historical information on the given subject. Special attention is paid to the comparison of ‘re-export of financial services’ with ‘re-export of capital’. The above mentioned research resulted in the author’s derivation of re-export theory. As practical examples of re-export of financial services the author quotes current schemes used by Latvian banks in their work with fast money transfers and with financial instruments trading on global markets. The article is completed by a disclosure and survey of positive and negative aspects of the influence of re-export, including financial services, on both subjects of economics and economy as a whole.re-export, financial services, banking, export, capital re-export

Financial services export by Baltic banks

The present article discloses the problems connected with the export of financial services by commercial banks of three Baltic countries - Lithuania, Latvia and Estonia. The author cites examples of innovations in banking world markets for expanding variants and increasing efficiency of financial services export. Special attention is focused on such an innovation of the banking market of these countries as “EU remote deposit”. Aggregated results of the research of financial services export through questioning residents of the European Union are presented in the given article

Reexport of financial services

The present article deals with the research of the concept of ‘re-export of financial services’ in banking, the examples of its practical expression and influence on economic processes. For theoretical formulation of the ‘re-export of financial services’ concept the author uses the method of inductive evidence to compare the concepts of export and re-export of goods and services, as well as analyzes historical information on the given subject. Special attention is paid to the comparison of ‘re-export of financial services’ with ‘re-export of capital’. The above mentioned research resulted in the author’s derivation of re-export theory. As practical examples of re-export of financial services the author quotes current schemes used by Latvian banks in their work with fast money transfers and with financial instruments trading on global markets. The article is completed by a disclosure and survey of positive and negative aspects of the influence of re-export, including financial services, on both subjects of economics and economy as a whole

The Market potential assessment model for private pension savings

The aim of the report is to develop the market potential assessment model for private pension savings to assist financial companies in strategic decision making in a specific marketplace. The market growth, saturation and competition model is developed for the markets of Finland, Estonia, Latvia, Lithuania and Poland for the time period 2000–2012. Commonly used insurance metrics like density and penetration transformed into market based factors describing the strength of market growth and premium-to-salary market saturation. Additional market growth and saturation factors and state of competition added to the model. Methods used in the empirical part are econometric analysis, including analysis of regression, as well as economic analysis, including main trend analysis, development indicators, relative and absolute indicators and other methods. The research outcome is a cross-country comparison of market growth, saturation and competition to support strategic decisions by financial companies operating in the private pension saving market

Defining the Market Potential by Assessing Growth and Saturation in the Private Life and Pensions Industry

The aim of the article is define the market potential of the private life and pension industry in the Baltic region. The authors used the Törnquist function to develop the market growth and saturation approach. The research outcome is a cross-country comparison of market growth, saturation and its dynamics to support strategic decisions by financial companies