Klaipėdos universitetas

Innovation is the basis for competitiveness. At the same time, the primary objective of the manager is stockholder wealth maximization,therefore it is essential to study the relationship between innovation and value. The aim of the study is to evaluate the impact ofinnovation on company value. The research covered Baltic listed companies for the period of 2005−2011. The study finds thatinnovative companies have a higher value and they are bigger. Within innovative companies it was observed that higher companyvalue is achieved if their ratio of intangible assets exceeds 1 %. Using correlation and multiple regression analyses it was found thatinnovation is a significant determinant of company value, whereas size is a weaker factor and growth is the least significant factor.The authors of the paper recommend for companies to invest in innovation process, since it increases company value, especially ifthe ratio of intangible assets exceeds 1 %.

The article deals with the relation of electronic government (further – e.government) and electronic business (further – e.business)in public procurement. A special focus is on the theory analysis of e.government and e.business, on the legal regulation of publicprocurement in the European Union (further – the EU). The authors of the article analyse public procurement paying attention to theLithuanian membership experience in the EU. They also state the arising problems and difficulties in public procurement. The stateof small and medium-sized business (further – SMB) in the process of implementing public procurement is discussed, too.

The situation of families in children disability situation is very complex affected by many factors and their integral interaction. The families often feel balancing between the reveal and ideal discourse of reality, between life before and after disability fact. Therefore, researches constantly face a methodological challenge transferring families’ life into the scientific research. According to Smith (2010, p. 33), a researcher is always at least one-step is distinct from the picture that (s)he needs to draw. Potentially method is very helpful to reveal family life as reality, however we have to be creative in applying a method, because the method is not a collection of neither a learned nor repeated procedures that was done by another masters. Research of family in disability situation is perceived as sensitive therefore in this variable process social reality is created in a “sense of family”. The article introduces analysis of different epistemological approaches towards qualitative research in social sciences and in particular in the field for families of children with disabilities.