Researches of BASBF students on Covid19 pandemic impact on economic sustainability and development opportunities

30.07.2021.

BA School of Business and Finance has ensured the participation of students in the implementation of research projects.

In June 2021, four master’s and two bachelor’s theses were successfully accepted at BA School of Business and Finance in the LZP FLPP “The Impact of COVID-19 on Sustainable Consumption Behaviors and Circular Economy”:

  • Līga Atstāja, “Cybersecurity risks and challenges of remote work in the wake of the COVID-19 pandemic”;
  • Marta Vainovska, “Development of the electromobility industry and its support mechanisms in Europe and Latvia: the impact of COVID-19”;
  • Paula Kraule, “The role of the analysis of the financial indicators of the shared service centers in the improvement of the operation in the conditions of the COVID-19 pandemic”’;
  • Anete Brože – Pētersone, “Influence of Financial Literacy on the change of saving habits during Covid – 19”;
  • Valērija Kozlova, “The role of the Neobanka digital platform in raising the financial literacy of a generation of millennial”;
  • Annija Jansone, “Impact of Covid-19 on SE “MOLLER BALTIC IMPORT” financial indicators and forecast”.

The students’ researches addressed such important sustainability issues, which are also emphasized in the European Union development strategies – digital transformation and reduction of related cybersecurity risks, improvement of business operations and ensuring financial sustainability to mitigate the consequences of the pandemic, as well as opportunities for the development of electromobility.

Master’s student and project researcher Līga Atstāja, while developing the master’s thesis on the transition to remote work facilitated by the Covid-19 pandemic and the risks associated with it, identified the specific cyber threats of the pandemic time and the impact on the habits of employees and the solutions implemented by employers, as well as the support provided and its possibilities in the future work organization.

Līga Atstāja says:

“The remote work introduced during the Covid-19 pandemic to reduce the spread of the Covid-19 infection is a different situation from other changes in the organization of work so far. This was rapid and was not implemented in a planned and gradual manner, providing the necessary resources and system support capacity. From the point of view of employees, it was related to significant changes in daily habits and new challenges – internet connections, system solutions, the need to equip a home office.

On July 2, I had the opportunity to report to an international conference at the Georgia University of Business and Technology “EUMMAS-BTU International Conference “Initiative 5.0″” on my master’s thesis. Exploring new remote work habits of employees, cyber risk control options and other challenges related to remote work can be useful for employers in implementing a best practice approach to cyber risk management depending on the specifics of the sector represented, current levels of digitalization and approaches to cybersecurity in the organization as a whole. The work in this study allowed to connect the practical and theoretical knowledge acquired in the Master’s study program “Cybersecurity Management” of BA School of Business and Finance with scientific research. ”

*LZP FLPP “The Impact of COVID-19 on Sustainable Consumption Behaviors and Circular Economy” (No. lzp-2020/2-0317).