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Tallinn, Estonia

Estonian Business School is a private, higher-education institution situated in Tallinn, Estonia. EBS offers business-related higher education in bachelor-, master- and doctoral levels. Estonian Business School also has a high school part, named EBS Gümnaasium which offers high school education from 10th to 12th grade and a Management Training Centre that offers different trainings and development programs. Wikipedia.

Riitsalu L.,Estonian Business School
International Journal of Consumer Studies | Year: 2016

Financial literacy has been recognised as a vital life skill, but there is little evidence of the factors behind the differences in managing personal finance. Socio-economic factors and the provision of financial education do explain the variance in financial literacy in some countries, but not in all. In the PISA 2012 financial literacy test, Estonian students ranked very highly in international comparison; although only a few had received financial education at school. Compared with other countries, socio-economic factors explained the smallest proportion of variance in the test score. There was, however, a significant difference between the mean financial literacy scores of Estonian- and Russian-language communities. The aim of the article is to analyse the factors behind the differences in financial literacy when financial education is not provided. It also offers insight into how students in a similar education system in two different cultural and language frameworks achieve different financial literacy scores. Moreover, the results demonstrate how indicators, such as family background can work through different channels as opposed to the usual parental education or occupation based socio-economic indicators. The latter implies that unexplained factors remain, such as cultural, developmental and societal indicators, which most researchers pay little attention to when explaining efficient policies for improving financial literacy. Multivariate regression models show that the level of financial literacy in Estonia is correlated with gender, language of the school, the number of books at home, mathematics and reading scores. The Blinder-Oaxaca decomposition explains less than half of the gap between the two communities. The only variable significantly explaining the gap is the number of books at home. Books can be interpreted as a symbol of social status, evidence of cultural background or source of influence for broader picture and better problem solving skills. © 2016 John Wiley & Sons Ltd. Source

Tikk J.,Estonian Business School
Business: Theory and Practice | Year: 2010

This paper reviews the implementation of the accrual accounting in the entities of the Estonian public sector. It gives a brief overview of the historical development of governmental accounting theories and examines the introduction of theorybased accounting policy. It explains main problems and risks to face in connection with the accounting system change process and offers solutions. This study attempts to answer the following research question: how to gain full benefit from accounting information in public sector entities. As to general scientific research methods, mainly comparative analysis and description were used. This study reveals as follows. Firstly, approach to accrual accounting leads to financial information that fulfils needs for true and fair accounting data for decision making purposes. Secondly, reform of public sector financial accounting can improve the quality and the quantity of services provided to the citizens. Thirdly, the Estonian accounting regulation has recently succeeded a remarkable evolution. Fourthly, considerable problems that need to be solved have arisen from the process of the transition to the accrual basis accounting. The given study does not touch upon the development of budgeting systems for public sector entities. Hopefully, this study will contribute to further optimization of accounting systems and management tools for public sector entities in Estonia. Therefore, it will contribute to economic growth and development of business environment. Studies carried out by independent researchers on the move to accrual based accounting in public sector entities are relatively scarce. © Vilniaus Gedimino technikos universitetas, 2010. Source

Kitsing M.,Estonian Business School
ACM International Conference Proceeding Series | Year: 2014

Internet voting has become a reality in Estonia differently from all other countries in the world. In the last seven elections increasingly larger share of votes has been submitted online. This research highlights key characteristics of internet voting in Estonia and explores its rationality. It stresses particularly the importance of "bounded rationality" with emphasis on the Estonia-specific context in understanding the adoption of internet voting. The key to the adoption process has been diffusion of ID card, which is crucial for using wide range of online services offered by private and public sector organizations. Despite constantly increasing turnout, the nature of internet voting is transactional. The paper concludes by pointing out that internet voting has not made substantial contribution to democratic participation other than making voting more convenient for certain segments of society. Copyright © 2014 ACM. Source

Annus I.,Tallinn University of Technology | Koppel T.,Tallinn University of Technology | Sarv L.,Estonian Business School | Ainola L.,Tallinn University of Technology
Journal of Fluids Engineering, Transactions of the ASME | Year: 2013

A uniformly accelerated laminar flow in a pipe, initially at rest, is analyzed. One-dimensional unsteady flow equations for start-up flow were derived from the Navier-Stokes and continuity equations. The dynamical boundary layer in a pipe is described theoretically with the Laplace transformation method for small values of time. A mathematical model describing the development of the velocity profile for accelerating flow starting from rest up to the point of transition to turbulence is given. The theoretical results are compared with experimental findings gained in a large-scale pipeline. Particle image velocimetry (PIV) technique is used to deduce the development of accelerating pipe flow starting from rest. The measured values of the axial velocity component are found to be in a good agreement with the analytical values. © 2013 by ASME. Source

Buhanist P.,Estonian Business School
International Journal of Energy Economics and Policy | Year: 2015

This paper seeks to explain the persistence of a business model that was instrumental in creating pan-European natural gas markets but refused to retire when the markets outgrew it. Long-term oil-indexed agreements enabled the emergence of international gas markets in Europe since the early 1960s and they still govern gas imports to the European Union. Yet, they failed to evolve with the changing business environment, resulting in the strategic costs for the companies. A politicized topic, research has thus far focused on national and regional levels, largely ignoring company level processes. This article contributes to the understanding of European gas markets by introducing a company level behavioral explanation of the endurance of an institutionalized but seemingly outdated business model. Path dependence is found to be a major contributing factor of the behavior of agents. Business leaders and governments alike will benefit from learning to identify and avoid path dependent behavior that leads to potentially sub-optimal outcomes. © 2015, Econjournals. All rights reserved. Source

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