The Universidad de la Laguna is one of the most prestigious universities in Spain with more than 200 students, more than 23 000 students, 1695 professors and 851 administrative and service staff. This university has 45 undergraduate programs, 30 master programs, 52 doctoral programs and several investment funds. Closer collaboration between Spanish and Lithuanian researchers on investment in innovation was established at the Forecasting Financial Markets 2018 International Scientific Conference at Oxford University (UK). Third year PhD student Raminta Benetyte, who is writing a dissertation on “Assessing the Risk and Effectiveness of Investing in Innovation in the Context of Sustainability of the National Economy” and is developing a model adapted to Lithuania’s innovation risk assessment, test the model against real risk factors and investment entities and, together with investment fund experts, to ensure that the model has the required reliability and can be applied in practical situations. Testing the improved scientific model would produce a joint scientific article in a prestigious scientific journal on finance.
Project funding:
Project is funded by EU Structural Funds according to the 2014–2020 Operational Programme for the European Union Funds’ Investments priority “Development of scientific competence of researchers, other researchers, students through practical scientific activities” under Measure No. 09.3.3-LMT-K-712.
Project results:
PhD student Raminta Benetyte at the Investment Fund Universidad de La Laguna (ULL) in Spain, during a two-month research internship, continued her research on “Assessing the Risk and Effectiveness of Investing in Innovation in the Context of Sustainability of the National Economy”. Raminta also tested and refined the developed model for measuring investment in innovation, which he used to produce a scientific article. A joint scientific article has been prepared with ULL experts on innovation investment ”Can Business Financial Performance and R&D Expertise Combine Targets for Country Economic Sustainability? ”. It will further develop the dissertation research by expanding and updating data on economic sustainability, innovation performance, corporate financial performance, executive pay and innovation investment in European Union countries. The article was presented at a scientific seminar by La Laguna University professors (certificate attached) and also peer reviewed by a professor in the Department of Finance and Accounting at that university.
Period of project implementation: 2019-07-01 - 2019-08-29
Project coordinator: Kaunas University of Technology
