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13 results on '"Bikas, Egidijus"'

2. Impact of Tax Relief on Public Finance

Author

Bikas Egidijus and Jurevičiūtė Lina

Subjects
tax reliefs, taxation system, personal income tax, Business, HF5001-6182, Economics as a science, HB71-74
Abstract

Tax reliefs are optional, but a very important element of the taxation system. This element is used for different purposes by a country’s government institutions. Tax reliefs are a form of tax expenditure that helps to reduce budget revenues. Tax reliefs influence individual and corporate financial behaviour and can have positive or negative effects on the economic and social factors. In the last few years, expansion of tax relief has attracted worldwide attention because of the fact that, after the global financial crisis, many countries are still suffering from fiscal deficits, and expansion of tax relief has not contributed to solving this problem. Tax reliefs are presupposed to be a fiscal policy tool of significance in various subsystems of public finances. The main aim of this article is to examine the impact of personal income tax reliefs on Lithuanian public finances. To achieve this aim, statistical information was systemized; Monte Carlo method was used to group data by horizontal rows and logical links analysed, which helped to evaluate the influence of tax reliefs on public finances. In the simulations, the Monte Carlo method helped to simulate random samples, which were then examined by adapting the conclusions of the theory of probability and mathematical statistics methods.

Published
2016
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9. SAVIVALDYBIŲ FINANSAI - VIETOS GYVENTOJŲ POREIKIŲ UŽTIKRINIMO GARANTAS.

Author

BIKAS, Egidijus and PRUNSKUTĖ, Gintarė

Abstract

Copyright of Proceedings of the International Scientific Conference on Practice & Research in Private & Public Sector is the property of Mykolas Romeris University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Published
2015

10. TOWARDS SUSTAINABLE FINANCIAL MARKETS: IMPACT OF STRUCTURED SECURITIES ON PORTFOLIO MANAGEMENT.

Author

Bikas, Egidijus and Bikas, Edgaras

Subjects
SUSTAINABLE development, FINANCIAL markets, PORTFOLIO management (Investments)
Abstract

Financial globalization created an environment for structured product development in financial markets. With the help of these instruments it is possible to transform an asset into a new investment vehicle, that opens new investment possibilities for risk averse investors, along with those investors who are searching for higher yield. This paper analyses different structured products and their influence on investment management using ratio analysis, Markowitz portfolio optimization model and Monte Carlo simulation. Analysis revealed that structured products have a significant positive effect on investment management on diversification and yield enhancement sides. [ABSTRACT FROM AUTHOR]

Published
2016
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12. The evaluation of the impact of fiscal indicators on financial stability. Summary of doctoral dissertation

Author

Keliuotytė-Staniulėnienė, Greta and Bikas, Egidijus

Subjects
financial stability, fiscal policy, multiple criteria assessment, panel data models
Abstract

Global financial crisis revealed multidimensional nature of interaction of fiscal policy, monetary policy and financial stability. Government’s ability to support both financial sector and real economic sector has been very important in preventing financial and economic downturn. However, unexpected consequences of financial crisis revealed that fiscal policy itself can be considered as the main risk to financial and monetary stability. The relationship between banking and financial sectors and public finance (fiscal variables) has been observed, however, the relationship between fiscal policy and financial stability is not clearly defined. The objective of the research work is to evaluate quantitatively the impact of fiscal variables on financial stability in Central and Eastern European countries. Complex research involves factor analysis of financial stability factors, formation and estimation of aggregated financial stability index and panel estimation of the impact of fiscal variables on variation of financial stability index. Developed panel models of financial stability as dependent variable involve fiscal variables and prove that the changes of financial stability index in Central and Eastern European countries can be explained by changes of fiscal variables.

Published
2015

13. The evaluation of the impact of fiscal indicators on financial stability

Author

Keliuotytė-Staniulėnienė, Greta and Bikas, Egidijus

Subjects
financial stability, fiscal policy, multiple criteria assessment, panel data models
Abstract

Global financial crisis revealed multidimensional nature of interaction of fiscal policy, monetary policy and financial stability. Government’s ability to support both financial sector and real economic sector has been very important in preventing financial and economic downturn. However, unexpected consequences of financial crisis revealed that fiscal policy itself can be considered as the main risk to financial and monetary stability. The relationship between banking and financial sectors and public finance (fiscal variables) has been observed, however, the relationship between fiscal policy and financial stability is not clearly defined. The objective of the research work is to evaluate quantitatively the impact of fiscal variables on financial stability in Central and Eastern European countries. Complex research involves factor analysis of financial stability factors, formation and estimation of aggregated financial stability index and panel estimation of the impact of fiscal variables on variation of financial stability index. Developed panel models of financial stability as dependent variable involve fiscal variables and prove that the changes of financial stability index in Central and Eastern European countries can be explained by changes of fiscal variables.

Published
2015

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