Jeļena Titko – Institute of Economics
Task of the science is to serve
people.

– Tolstoy –

Science is the captain, and
practice the soldiers.

– Leonardo da Vinci –

Frontiers of science are like the
horizon: the more we approach
it, the more it moves away.

– Boiste –

The fantasy is more important
than knowing.

– Albert Einstein –

Science – it means organized
knowledge.

– Spencer –

Freedom for the science the
same as the air for a living soul.

– Poincaré –

Research area of all sciences is
endless.

– Pascal –

System of science must be
looked at as the system of
nature: all in it is endless and
necessary.

– Cuvier –

Scientific plan without working
hypothesis is a skeleton without
living body.

– Hirschfeld-

The main research subject of
mankind is the human.

– Goethe –

All is important in science.

– Heine –

Books must be results of
sciences, but sciences not results
of books.

– Bacon –

Scientist is not the one, who
gives the right answers, but the
one, who asks the right
questions.

– Claude Lévi-Strauss –

The more we will seek for the
truth outside us, the more we
will move away of it. The more
we will be able to understand
who we are, the more the truth
will assert us in ourselves.

– Antonio Meneghetti –

Before being dictated the nature
needs to be obeyed.

– Bacon –

A true scientist is not one who
has more acquired, but one who
has more understood.

– Leibniz –

Science – to know how the
being acts. To know the action
of the being.

– Antonio Meneghetti –

Science is benefactor of
mankind.

– Berthelot –

Home » Team Members » Jeļena Titko

Jeļena Titko

Dr.oec. Jeļena Titko



Education, scientific degrees:

  • 2008 – 2012 Riga Technical University, doctoral degree (Dr.oec.)
  • 2002 – 2004 Riga Technical University, Master of Social Sciences in Management
  • 1999 – 2002 Riga Technical University, Bachelor of Social Sciences in Management

Job, positions:

  • 2019 – currently Institute of Economics, Latvian Academy of Sciences, researcher
  • 2015 – present School of Economics and Culture, Vice-Rector for Science
  • 2016 – present School of Economics and Culture, associate professor
  • 2015 – 2016 Higher School of Economics and Culture, docent
  • 2012 – 2016 Riga Technical University, docent
  • 2013 – 2015 Riga Technical University, researcher
  • 2010 – 2012 Riga Technical University, research assistant
  • 2006 – 2009 Parex banka, Head of Customer Service Center

Languages: Russian, Latvian, English

Conducted study courses:

University of Culture and economics:

  • Research Methods and Organization of Academic Work 4.0 CP
  • Introduction to Accounting 2.0 CP
  • Financial Mathematics, 2.0 CP
  • Business Valuation Management 4.0 CP
  • Business value management, 4.0 CP

Riga Technical University:

  • Current problems of banking, 3.0 CP
  • Economics of banking, 2.0 CP
  • Investment Economics, 3.0 CP
  • Personal finance management, 3.0 CP

Directions of scientific research:

  • Value management;
  • Banking;
  • Financial literacy;
  • Intellectual capital management;
  • Corporate social responsibility;
  • Digitization of education.

Scientific activity and international projects:

  • Erasmus + Program Strategic Partnership Project “Online Master Program for Circular Economy (CIRCECO)” Researcher / Project Manager in Latvia (2017-2019) Researcher / Project Manager in Latvia (2017-2019) 2017-1-MK01-KA203-035392;
  • Erasmus + Program Strategic Partnership project “Partnership to develop VET educators in event management with a learner-centered approach (InVent)” Researcher / Project Manager in Latvia (2017-2019) Researcher / Project Manager in Latvia (2017-2019) 2017-1 -UK01-KA202-036615
  • NordPlus project “Promoting E-Learning for Adults to Improve Quality and Availability of Life-Long Education”. Researcher / Project Manager in Latvia (2017-2019) NPAD-2017/10049
  • Erasmus + Strategic Partnership project “Strategic Partnership for Innovation and Development of Entrepreneurship (SPIDE)”. Researcher / Project Manager in Latvia (2016-2018) 2016-1-MK01-KA203-021666
  • Erasmus + Program Strategic Partnership project “Innovative Strategic Partnership for Higher Education ISPEHE”. Researcher / Project Manager in Latvia (2015-2016) 2014-1-MK01-KA-2013-000275
  • Research is supported by the National Research Program 5.2. “Economic Transformation, Smart Growth, Governance and Legal Framework for Sustainable Development of the State and Society – New Approaches to Creating a Sustainable Knowledge Society (EKOSOC-LV)” project “Public Involvement in Social Innovation Processes for Ensuring Sustainable Development of Latvia” Researcher
  • LZP fundamental and applied research project No. 394/2012 “Strengthening the security capacity of the Latvian population by increasing the level of financial literacy” (01.02.2013 – 10.2015). Leading researcher. Project “Evaluation of Banking Efficiency: Application of DEA Method” No. ZP-2013/03, Riga Technical University
  1. Published in journals and conference proceedings indexed in Thomson Reuters Web of Science and SCOPUS data bases:
    • Bierne, J., Titko, J., Svirina, A. (2019). Perceived Value of E-teaching: Pilot Study in Latvia // 32nd IBIMA conference, November 15-16, 2018, Seville, Spain. – Conference proceedings, pp. 6988-6998. ISBN 978-0-9998551-1-9 (SCOPUS)
    • Budanceva, J., Titko, J., Zarina, V. (2019). Discrimination Issues at Work: Latvian Survey // 32nd IBIMA conference, November 15-16, 2018, Seville, Spain. – Conference proceedings, pp. 1304-1311. ISBN 978-0-9998551-1-9 (SCOPUS)
    • Lejniece, I., Titko, J., Saltikova, A., Brante, I., Cerkovskis, E. (2019). Non-financial reporting implementation in Latvia: survey methodology // 32nd IBIMA conference, November 15-16, 2018, Seville, Spain. – Conference proceedings, pp. 1767-1776. ISBN 978-0-9998551-1-9 (SCOPUS)
    • Bierne, J., Svirina, A., Titko, J. (2019). E-Learning and E-Teaching Effectiveness: Academic Staff Perception // In: Kabashkin I., Yatskiv (Jackiva) I., Prentkovskis O. (eds) Reliability and Statistics in Transportation and Communication. RelStat 2018. Lecture Notes in Networks and Systems, vol 68, 768-778. Springer, Cham DOI: 1007/978-3-030-12450-2_74 (SCOPUS)
    • Titko, J., Shina, I., Veidenberga, Z. (2017). Financial Knowledge of Youth in Latvia: Pilot Survey Results // 30th IBIMA conference – November, 8-9, 2017, Madrid, Spain. – Conference proceedings, pp. 1545-1556. ISBN 978-0-9860419-9-0. (SCOPUS, Thomson Reuters WoS: 000443640501025)
    • Tambovceva, T., Titko, J., Alksne, A. (2017). Corporate Social Responsibility Perceived by Latvian Enterprises // 30th IBIMA conference – November, 8-9, 2017, Madrid, Spain. – Conference proceedings, pp. 1557-1568. ISBN 978-0-9860419-9-0. (SCOPUS)
    • Morkunas, M., Skvarciany, V., Titko, J. (2017). Development of Autopoietic Economic Structures in the Baltic States: Analysis of Factors // Equilibrium, Quarterly Journal of Economics and Economic Policy 12(2), 319-338. DOI: 10.24136/eq.v12il.17 (EBSCO, Academic Search Complete Accession Number: 124715093, Thomson Reuters WoS:000414985000008)
    • Titko, J., Shina, I. (2017). Non-Financial Value Drivers: Case of Latvian Banks // Procedia Engineering, Vol. 178C, pp. 192-199. ISSN 1877-7058 DOI: 1016/j.proeng.2017.01.095  (ScienceDirect, Thomson Reuters WoS: 000400645600022, SCOPUS)
    • Bierne, J., Titko, J. (2016). Perception of E-Teaching Experience in Latvian Higher Education Institutions // IBIMA conference 2016 “Vision 2020: Innovation Management, Development Sustainability, and Competitive Economic Growth”. – November, 9-10, 2016, Seville, Spain. – Conference proceedings, pp. 1723-1730. ISBN 978-0-9860419-8-3. (Thomson Reuters WoS: 000392785700173 SCOPUS)
    • Titko, J., Smatkova, I., Cerkovskis, E. (2016). Demand for IT Students in Latvian Labour Market: Viewpoint of Employers // IBIMA conference 2016 “Vision 2020: Innovation Management, Development Sustainability, and Competitive Economic Growth”. – November, 9-10, 2016, Seville, Spain. – Conference proceedings, pp. 1812-1823. ISBN 978-0-9860419-8-3. (Thomson Reuters WoS: 000392785700181 SCOPUS)
    • Lentjušenkova, O., Titko, J., Lapina, I. (2016). Intellectual Capital Investments: Analysis of the Predicted Outcomes // 21st International Scientific Conference “Economics and Management (ICEM-2016)”, May 19-20, 2016, Brno, Czech Republic. Proceeding of selected papers.  94-101. ISBN 978-80-214-5413-2 ScienceDirect (Thomson Reuters WoS: 000408885200011)
    • Titko, J., Surikova, S. (2015). Exploring the Concept of Social Innovation. In: Proceeding of Selected Papers. – International conference „Perspectives of Business and Entrepreneurship Development”. – May 28-29, 2015. – Brno, Czech Republic. – Brno University of Technology, 2015, pp. 338-347. (Thomson Reuters WoS: 000428947700033)
    • Titko, J., Dauylbaev, K. (2015). Testing Quiet Life Hypothesis in the Baltic Banking Sector // 19th World Multi-conference on Systemics, Cybernetics and Informatics (WMSCI 2015). – July 12-15, 2015. – Proceedings (Volume I). – Orlando, USA. – pp. 118-123. – ISBN 978-1-941763-24-7 (SCOPUS)
    • Titko, J., Kozlovskis, K., Kaliyeva, G. (2015). Relationship between Concentration, Competition and Efficiency in the Baltic Banking Sector // 19th World Multi-conference on Systemics, Cybernetics and Informatics (WMSCI 2015). – July 12-15, 2015. – Proceedings (Volume I). – Orlando, USA. – pp. 112-117. – ISBN 978-1-941763-24-7 (SCOPUS)
    • Titko, J., Ciemleja, G., Lace, N. (2015). Financial Literacy of Latvian Citizens: Preliminary Survey Results // 20th International Scientific Conference “Economics and Management (ICEM-2015)”. Procedia – Social and Behavioral Sciences 213 (2015), pp. 12-17. DOI: 1016/j.sbspro.2015.11.396 (Thomson Reuters WoS: 000380495800003, ScienceDirect)
    • Titko, J., Lace, N., Polajeva, T. (2015). Financial Issues Perceived by Youth: Preliminary Survey for Financial Literacy Evaluation in the Baltics // Oeconomia Copernicana, Vol. 6, No. 1, pp. 71-98. DOI: http://dx.doi.org/10.12775/OeC.2015.004 (ProQuest, Thomson Reuters WoS: 000216509700004)
    • Titko, J. Stankeviciene, J., Lace, N. (2014). Measuring Bank Efficiency: DEA application // Technological and Economic Development of Economy DOI: http://dx.doi.org/10.3846/20294913.2014.984255  (SCOPUS, Thomson Reuters WoS: 000346354400007)
    • Titko, J. (2014). DEA Application in Banking: Relationship between Efficiency Scores and Bank Size // The 8th International Scientific Conference “Business and Management 2014”, Vilnius, Lithuania, May 15-16, 2014. – Selected papers. – Vilnius: VGTU Press “Technika”, 2014. – pp. 345.-352. DOI: http://dx.doi.org/10.3846/bm.2014.043 (Thomson Reuters WoS: 000353708700042, Google Scholar)
    • Ciemleja, G., Lace, N., Titko, J. (2014). Towards the practical evaluation of financial literacy: Latvian survey // 19th International Scientific Conference “Economics and Management 2014 (ICEM-2014)”. Procedia – Social and Behavioral Sciences 156 (2014), pp. 13-17. DOI: http://dx.doi.org/10.1016/j.sbspro.2014.11.111 (Thomson Reuters WoS: 000360006400003 , ScienceDirect)
    • Ciemleja, G., Lace, N., Titko, J. (2014). Financial Literacy as a Prerequisite for Citizens’ Economic Security: Development of a Measurement Instrument // Journal of Security and Sustainability, Vol. 4, No. 1, pp. 29-40. DOI: http://dx.doi.org/10.9770/jssi.2014.4.1(3) (SCOPUS, Google Scholar).
    • Titko, J., Lace, N., Tleuzhanova, M. (2014). Competition and Efficiency in the Banking Sector of EU New Member States // 18th World Multi-conference on Systemics, Cybernetics and Informatics (WMSCI 2014). – July 15-18, 2014. – Proceedings (Volume II). – Orlando, USA. – pp. 74-79. – ISBN 978-1-941763-04-9 (SCOPUS)
    • Titko, J., Lace, N., (2013). Financial Literacy: Building a Conceptual Framework // 11th International Conference „Liberec Economic Forum 2013”, Sychrov, Czech Republic, September 16-17, 2013. – Proceedings. – Liberec: Technical University of Liberec, 2013. – pp. 585-592. – 978-80-7372953-0. (Thomson Reuters WoS, Accession Number: WOS:000333936300061, Google Scholar )
    • Bistrova, J., Lace, N., Titko, J. CEE Companies: Economic vs. Market Performance // 17th World Multi-conference on Systemics, Cybernetics and Informatics (WMSCI 2013). – July 9 – 12, 2013. – Proceedings (Volume II). – Orlando, USA. – pp. 1 – 6. – ISBN 978-1-936338-88-7 (SCOPUS)
    • Titko, J., Lāce, N., Kozlovskis, K. Service Quality in Banking: Developing and Testing Measurement Instrument with Latvian Sample Data // Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013, LXI, No. 2, pp. 507–515. – DOI: http://dx.doi.org/10.11118/actaun201361020507 (SCOPUS)
    • Titko, J., Lace, N. Bank Value Measurement Based on Fundamental Analysis // 2013 International Conference on Management Innovation and Business Innovation (ICMIBI 2013). – 21-22 April, 2013. – Singapore. – pp. 467-472. – ISBN 978-981-07-5034-3/ ISSN 2251-3051 (Thomson Reuters WoS accession number: WOS:000339159900085)
  2. Other papers:
    • Verina, N., Titko, J., Lejniece, I. (2018). Tax Governance as a Part of Corporate Social Responsibility // Business and Management 2018 – May 3-4, 2018, Vilnius, Lithuania. – Conference proceedings, pp. 31-38. DOI: 10.3846/bm.2018.04
    • Lentjušenkova, O., Titko, J. (2017). Entrepreneurs’ Perception of Outcomes from Intellectual Capital Investments // 16th International Conference „Perspectives of Business and Entrepreneurship Development in Digital Age”, September 20-22, 2017, Brno, Czech Republic. Proceedings of selected papers, 103-113. ISBN 978-80-214-5532-0
    • Shina, I., Titko, J. (2017). Social Entrepreneurship Development Factors in Europe // Economic Science for Rural Development. Conference Proceedings, 2017, Issue 46, pp.158-165. (EBSCO, Academic Search Complete Accession Number:123106045)
    • Bierne, J.Titko, E.Cerkovskis, A.Lasmane (2017). Advanced Teaching Methods for Students’ Competencies Development // International Scientific conference “Society. Integration. Education”. – May 26-27, 2017, Rezekne, Latvia. – Conference proceedings, pp. 63-72. ISSN 1691-5887 DOI: http://dx.doi.org/10.17770/sie2017vol1.2349
    • Cerkovskis, E., Titko, J. (2017). Matching Competencies and Modern Labour Market Needs: Students’ Self-Perception Study // Economic and Social Development: Book of Proceedings, Varazdin Development and Entrepreneurship Agency (VADEA), pp. 228-236 (ProQuest)
    • Verina, N., Titko, J. (2017). Pieprasījums pēc juristiem Latvijas darba tirgū: darba devēju viedoklis // International Scientific Conference „Emerging Trends in Economics, Culture and Humanities (etECH2017)”, Ekonomikas un kultūras augstskola, Rīga, Latvija, 26.-28.04.2017. // Conference proceedings, pp. 31-39. ISBN 978-9984-24-209-5
    • Morkunas, M., Skvarciany, V., Titko, J. (2017). Factors Influencing the Formation of Autopoietic Economic Structures in the Baltic States // Institute of Economic Research Working Papers No. 131/2017, pp. 1-10. Available: http://econpapers.repec.org/paper/peswpaper/2017_3ano131.htm // Proceedings of the International Conference on Applied Economics: Quantitative Methods, pp. 260-268. (REPEC EconPapers)
    • Titko, J., Shina, I. (2016). Non-Financial Value Drivers: Case of Latvian Banks // Proceedings of the 16th International Conference “Realibility and Statistics in Transportation and Communication (RelStat 2016)”, TSI, Rīga, Latvia, 19-22.10.2016. – pp.443-449. ISBN 978-9984-818-58-0
    • Budanceva, J., Veidenberga, Z., Titko, J., Bierne, J. (2016). Business and Management Students Perception of Teaching Methods // Proceedings of the 5th International Scientific Conference „Whither Our Economies – 2016”, Mykolas Romeris University, Vilnius, Lithuania, October 20-21, 2016. – 14-21. ISSN 2029-8501 (EBSCO, Business Source Complete, Accession Number: 123236632)
    • Titko, J., Skvarciany, V., Jurevičiene, D. (2016). Drivers of Bank Profitability: Case of Latvia and Lithuania // Intellectual Economics, Vol. 9, Issue 2, pp. 120-129. DOI: http://dx.doi.org/10.1016/j.intele.2016.02.003 (ScienceDirect)
    • Titko, J., Kozlovskis, K., Kaliyeva, G. (2015). Competition-Stability Relationship in the Banking Sector // Systemics, Cybernetics and Informatics, Vol. 13, No. 2, pp. 25-31. ISSN 1690-4524
    • Titko, J. (2015). Bank Soundness in the Latvian Banking Market. //
      International Conference “CONTEMPORARY ISSUES IN BUSINESS, MANAGEMENT AND EDUCATION‘2015”. – November 11, 2015. – Conference proceedings. – Vilnius, Lithuania. – pp. 1-9. eISSN 2029-7963/eISBN 978-609-457-867-0. DOI:10.3846/cibme.2015.07
    • Titko, J., Goltsman, A. (2015). Payment Card Business as a Driver for Bank Performance. In: Scientific proceedings, Bulgaria, Sozopol, 21-24 June, 2015. Sozopol, Bulgaria: Technical University – Sofia, 2015, pp.966-974. ISSN 1310-3946. e-ISSN 1314-6327.
    • Bistrova, J., Titko, J., Lace, N. (2014). Sustainable Shareholder Value: Analysis of Value Drivers // Economics and Management, Vol. 19, No. 2, pp. 129-139. DOI: http://dx.doi.org/10.5755/j01.em.19.2.3601
    • Titko, J., Jureviciene, D. (2014). DEA Application at Cross-Country Benchmarking: Latvian vs. Lithuanian Banking Sector // Procedia – Social and Behavioral Sciences 110 (2014). – pp. 1124-1135. (ScienceDirect) DOI: http://dx.doi.org/10.1016/j.sbspro.2013.12.959
    • Titko, J., Jansone, J. (2014). Development of a Rating Model for Latvian Banks // ХІІ International Scientific Conference „Management and Engineering’ 14”. – Conference proceedings, Bulgaria, Sozopol, 22-25 June, 2014. – Sozopol: Technical University – Sofia, 2014, pp.1016-1025. – ISSN 1310-3946.
    • Ciemleja, G., Lāce, N., Titko, J. (2014). Financial Literacy within the Framework of the Concept of Human Securitbility // “Мировая экономика и бизнес-администрирование”. – Материалы 6-ого Международного научно-практического конференции, 12-й Международной научно-технической конференции “Наука – образованию, производству, экономике”, Belarus, Minsk, 29-31 May, 2014. Minsk: BNTU, 2014, pp. 200-206. – ISBN 9789856845485.
    • Lace N., Ciemleja G., Titko J. (2013). Financial literacy in Latvia: defining the concept and survey results // The 10th International Conference on Contemporary Issues in Higher Education: “The Ethos of the Academe – Standing the Test of Time”, Ariel, Israel, September 10, pp. 103-121 – ISBN 978-965-736-34-8