CEE countries have passed the process of transition to market economy and eight of them, including Estonia, joined the European Union in 2004. Estonia has been very successful in the transition process, mainly owing to the currency board-based monetary system, which serves as a signal of...

TThe paper reviews the main changes in the concept of work satisfaction in organization theory and management practice in the last century. It particularly focuses on developments in Estonia. The author contrasts dualist and integrated concepts of employees and organizations. Most of the...

Separation, balance and equality of powers as it is stipulated in ß 4 of the Constitution of the Republic of Estonia can not be taken lightly when applying it; instead, it should be based on the concept and provisions of the Constitution. Therefore, changing the concept of the Constitution is...

The discussion between entrepreneurship and education strengthened towards the end of the 20th century due to the increasing impact of small businesses on societies. It is therefore reasonable to as¨sume that present-day students may soon experience the small business context in some form as...

Tax burden has a notable influence on economic development. In an open economy, tax policy of one country may affect economic activity and public revenue in other countries. This observation has led to calls for international tax coordination in the wake of deepening economic integration. The EU...

A cash flow statement is required as part of a complete set of financial statements prepared in conformity with IFRS as well as US GAAP for all business enterprises. IAS 7 lays down a formal structure for the cash flow statement. Cash flows should be classified under the following three standard...

During the last years the development of e-banking in Estonia has been very significant. According to the report of the World Economic Forum, the Estonian IT-development has been substantial. The success of e-banking in Estonia can be compared to the corresponding success of the Nordic...

Although the literature on organisational values is plentiful, little is known about the process of formulating the statements that reflect those values in an organisation. Furthermore, the way that stakeholder groups are treated in the existing literature is dramatically different when it comes...

The paper presents the strategic importance of the manufacturing function for a company with a particular focus on the evolving product design and its importance. The production paradigm has changed from the start of industrial evolution to the mass production era, further to lean manufacturing,...

The European Union Candidate Countries, including Estonia, lag behind the European Union (EU) level of economic and social development. By convergence we usually mean harmonisation of the level of incomes across countries. Convergence also means harmonisation of particular economic indicators,...