Corporate Social Responsibility: the importance of the stakeholder perception

Abstract

This paper’s aim is to assess national innovation performance of Baltic countries (Lithuania, Latvia and Estonia) based on European innovation scoreboard results. The paper leans on the performance on each indicator and analyses the main factors behind the development in innovation performances in each country. The main underline of the paper is to explore the main factors which have been developed after being member of the European Union. The results of the paper indicates the inability achieve the standard of human capital, the impact of small economy. Estonia has higher innovation performance among other Baltic states; successful attraction of the foreign investment can be seen as the main cause. Furthermore, the positive relation with Nordic states and favorable tax policy in notable force for higher innovation performance in Estonia.