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JCR Category: Business in ESCI edition

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2025) 1.5 Q3
Journal Citation IndicatorTM (2025) 0.25 Q4
Received: 2024-01-11  |  Accepted: 2024-04-30  |  Published: 2024-06-30

Title

Innovation performance of V4 countries


Abstract

This study delves into the innovation performance of the Visegrad Four (V4) countries, aiming to uncover the pivotal role that research development and innovation play in regional development and the broader economic landscape. Focusing on properly structured research and development policies, financial support mechanisms, and collaborative efforts, we investigate the prerequisites for fostering innovative activities within these nations. Innovation performance is a critical factor that allows organisations and economies to adapt to rapid changes and an ever-evolving environment, stimulating growth, competitiveness, and long-term sustainability. The goal of the article was to evaluate the innovation performance of the V4 countries. Utilising the TOPSIS method, we analyse 7 key input-output indicators to rank the V4 countries in terms of their innovation performance for 2022, identifying them as moderate innovators relative to the EU-27 average. Our findings reveal that among the V4, the Czech Republic leads in innovation performance, followed by Slovakia, Poland, and Hungary, respectively. The analysis underscores the importance of innovation as a critical factor for adaptation to rapid changes, fostering growth, competitiveness, and sustainability. This research contributes to understanding how innovation performance can improve economic prosperity in the V4 countries and inform policy direction towards enhancing innovation ecosystems.


Keywords

innovation performance, Research and Development (R&D), competitiveness, V4 Countries, TOPSIS method


JEL classifications

O11 , O31 , O38


URI

http://jssidoi.org/jesi/article/1205


DOI


Pages

293-310


Funding

This research was funded by the Scientific Grant Agency of the MoESRS and the Slovak Academy of Sciences under contract No. VEGA-1/0437/22

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Hanáčková, Denisa
Slovak University of Agriculture in Nitra, Nitra, Slovakia http://www.uniag.sk
Articles by this author in: CrossRef |  Google Scholar

Takáč, Ivan
Slovak University of Agriculture in Nitra, Nitra, Slovakia http://www.uniag.sk
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

11


Number

4


Issue date

June 2024


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 2712  |  PDF downloads: 1365

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