The Interactions of Wage Changes and Sustainable Investment

Authors

  • Irena DanilevičienÄ— Vilnius Gediminas technical university
  • Alina KvietkauskienÄ— Vilnius Gediminas technical university

Keywords:

knowledge, innovation, technologies (KNIT) cluster, sustainable investment, wage

Abstract

The paper describes the search for an answer to the question – how the knowledge, innovation and technologies interacts and how the formation of knowledge, innovation and technologies (KNIT) cluster leads to development of social sustainability. The objective of this article – to identify the main factors that have impact on interactions between wage changes and sustainable investment. To achieve this objective, the following tasks have been implemented: the analysis of the theoretical aspects of employment and peculiarities of its support; the analysis of theoretical aspects of wage and sustainable investment; the identification of knowledge, innovation and technologies integration, which leads to development of social sustainability (the increase of employment and the volume of sustainable investment). In this article the authors focused on sustainability development of an economically, politically and territorially autonomous country with scientific knowledge, innovations and technological progress as the main resources, which directly influence the factors of development. Special attention is given to business sustainability. The authors demonstrate the concept for knowledge generation, design of the national social sustainability development strategy and functional innovation and technology integration into strategy implementation.

References

Addison, J. T., Blackburn, M. L, Cotti, Ch. D., “Minimum wage increases in a recessionary environmentâ€, Labour Economics, vol. 23, pp.30-39, 2013.

Blackburn, W. R., “The Sustainability Handbookâ€, Earths-can, London, 2007.

Bogliacino, F., Pianta, M., “Innovation and Employment: a Reinvestigation using Revised Pavitt classesâ€, Research Policy, vol. 39, pp.799-809, 2010.

Campbell, K., “Sustainability - Engineering for the rest of usâ€, 2009, [online]. Available from internet: <http://www.ontheedgeblog.com/blogmt1/2009/02/sustainability_engineering_for.php>.

Clark, W. C., Dickson, N. M., “Sustainability science: The emerging research programâ€, In Proceedings of the National Academy of Sciences, vol. 100, no. 14, pp.8059-8061, 2003.

Colin, T.J., “Socially Responsible Investingâ€, CQ Researcher, vol. 18, no. 29, pp.673-696, 2008.

Development research centre on migration, globalization and poverty, “Defining, Measuring and Influencing Sustainable Returnâ€, vol. 3, 2005, [online]. [cited 2015-06-09]. Available from Internet: <http://www.migrationdrc.org/publications/briefing_papers/BP3.pdf>.

Dubinas, V., “The Organization of Payment for Workâ€, Lithuanian Information Institute, Vilnius, 1995.

Eisenhower, D. D., “Sustainable Investing. Principles and Practicesâ€, Towers Watson, 2011 [online]. Available from Internet: <http://www.towerswatson.com/assets/pdf/3796/TW-2011-19235-Sustainable%20Investing.pdf>.

Gustafsson, J., Prieto Peralta, J., Danemark, B., “The employer’s perspective: employment of people with disabilities in wage subsidized employmentsâ€, Scandinavian Journal of Disability Research, vol. 16, no. 3, pp.249-266, 2014.

Luke, B., Verreynne, M.L., Kearins, K., “Innovative and entrepreneurial activity in the public sector: The changing face of public sector institutionsâ€, Innovation: management, policy & practice, vol. 12, pp.138-153, 2010.

Manacorda, M., Manning, A., Wadsworth, J., “The impact of immigration on the structure of wages: theory and evidence from Britainâ€, Journal of the European Economic Association, vol. 10, no. 1, pp.120-151, 2012.

MarcinkÄ—viÄ, N., PaipolaitÄ—, D., LeutaitÄ—, S., AputytÄ—, A., IÅ¡oraitÄ—, M., “The Research of Youth Unemployment Problems in Lithuaniaâ€, Aspirations of Academic Young People: Insights of Economics, Management and Technology, Å iauliai, pp.72-77, 2014.

Pacharapha, T., Ractham, V.V., “Knowledge acquisition: the roles of perceived value of knowledge content and sourceâ€, Journal of Knowledge Management, vol. 16, no. 5, pp.724-739, 2012.

Potrafke, N., “Globalization and labor market institutions: International empirical evidenceâ€, Journal of Comparative Economics, vol. 41, pp.829-842, 2013.

Rutkauskas, A. V., “On the Sustainability of Regional Competitiveness Development Considering Risk, Technological and Economic Development of Economyâ€, Baltic Journal on Sustainability, vol. 14, no. 1, pp.89-99, 2008.

Rutkauskas, A.V., “Using Sustainability Engineering to Gain Universal Sustainability Efficiencyâ€, Sustainability, vol. 4, no. 6, pp.1135-1153, 2012.

Rutkauskas, A.V., RaÄinskaja, I., “Integrated intelligence and knowledge, innovation and technology management, nurturing country universal sustainable developmentâ€, In the 2nd international scientific conference “Problems of modern economy: global, national and regional context†(23-24 May, 2013, Grodno, Belarus), pp. 1–6.

Sullivan, D.M., Marvel, M.R., “Knowledge Acquisition, Network Reliance and Early-Stage Technology Venture Outcomesâ€, Journal of Management Studies, vol. 48, no. 6, pp.1169-1193, 2011.

Sustainable Investing. “Establishing Long-Term Value and Performanceâ€, 2012 [online] Available from Internet: <https://www.dbadvisors.com/content/_media/Sustainable_Investing_2012.pdf>.

“Sustainable Return on Investment†[online] [cited 17 June 2015]. Available from Internet: <http://www.hdrinc.com/abouthdr/sustainability/sustainable-return-on-investment>.

Å ileika, A., TamaÅ¡auskienÄ—, Z., BartalienÄ—, N., “Comparative Analysis of Wages and Labour Productivity in Lithuania and Other EU-15 Countriesâ€, Social Researches, vol. 3, no. 20, pp.132-143, 2010.

Taylor, N., Donald, S., “Sustainable Investing. Marrying sustainability concerns with the quest for financial return for superannuation trusteesâ€, Ruseel 2007. [online]. Available from Internet: <http://www.unisuper.com.au/download.cfm?oid=3ADD5F7D-5056-AE6F-AF5CB8A913830F72>.

Todtling, F., Lehner, P., Kaufmann, A., “Do different types of innovation rely on specific kinds of knowledge interactions?â€, Technovation, vol. 29, pp.59-71, 2009.

Vanagas, P., “Organisation of work, rationing and payment for work, Technology, Kaunas, p. 370, 2009.

Žaptorius, J., “The Labor Market: Barometer of Wage Trends, Philosophy, Sociology, vol. 4, pp.53-61, 2005.

Downloads

Published

2015-10-24

How to Cite

Danilevičienė, I., & Kvietkauskienė, A. (2015). The Interactions of Wage Changes and Sustainable Investment. Asian Journal of Business and Management, 3(5). Retrieved from https://ajouronline.com/index.php/AJBM/article/view/3014

Most read articles by the same author(s)