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Article

Methodology for Calculating the European Innovation Scoreboard—Proposition for Modification

1
Department of Strategic Analysis, Cracow University of Economics, 31-510 Kraków, Poland
2
Department of International Management, Cracow University of Economics, 31-510 Kraków, Poland
*
Authors to whom correspondence should be addressed.
Academic Editor: Katarzyna Szopik-Depczyńska
Sustainability 2021, 13(4), 2199; https://doi.org/10.3390/su13042199
Received: 31 December 2020 / Revised: 8 February 2021 / Accepted: 10 February 2021 / Published: 18 February 2021
(This article belongs to the Special Issue Innovation and the Development of Enterprises II)
The primary purpose of this article is to identify determinants affecting the Summary Innovation Index and, consequently, the positions of countries on the European Innovation Scoreboard (EIS). Then, based on the identified determinants, these countries are ranked using the linear ordering method. This article presents the concept of innovation as an unwavering subject of interest for researchers from around the world. Issues relating to measuring innovation, which is necessary for the efficient management of an organization, as well as to the study of innovation in individual countries, are discussed. Special attention is drawn to the methodological aspects of constructing the European Innovation Scoreboard (EIS). The identification of determinants affecting the level of the Summary Innovation Index is performed through stepwise regression. This makes it possible to reduce the number of factors utilized in the EIS ranking procedure from 27 to 22. This was the inspiration to apply an innovative approach and use the linear ordering method, in order to show that it is possible to obtain a ranking that is very similar to the EIS ranking with a reduced number of indicators. These results may be significant, both for units developing this type of ranking and for users, such as decision-makers, using the results to make strategic decisions. In our opinion, this innovative approach—that is, using the linear ordering method and a reduced number of indicators—makes it possible to create a more transparent EIS ranking. This article is of theoretical, methodological, and empirical interest. View Full-Text
Keywords: innovation; European Innovation Scoreboard; EIS; Innovation Union Scoreboard; ranking of innovation; Community Innovation Survey; OECD; Eurostat; database; methodology; sustainable development innovation; European Innovation Scoreboard; EIS; Innovation Union Scoreboard; ranking of innovation; Community Innovation Survey; OECD; Eurostat; database; methodology; sustainable development
MDPI and ACS Style

Bielińska-Dusza, E.; Hamerska, M. Methodology for Calculating the European Innovation Scoreboard—Proposition for Modification. Sustainability 2021, 13, 2199. https://doi.org/10.3390/su13042199

AMA Style

Bielińska-Dusza E, Hamerska M. Methodology for Calculating the European Innovation Scoreboard—Proposition for Modification. Sustainability. 2021; 13(4):2199. https://doi.org/10.3390/su13042199

Chicago/Turabian Style

Bielińska-Dusza, Edyta, and Monika Hamerska. 2021. "Methodology for Calculating the European Innovation Scoreboard—Proposition for Modification" Sustainability 13, no. 4: 2199. https://doi.org/10.3390/su13042199

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