“…A cross-country comparison or a combination of data from different international innovation awards might overcome some of the problems related to the small total population of award winning companies in Finland. Similarly, some caution is needed with the novelty aspect of innovation, when the data is constructed with questionnaires; firms have been reported to overestimate the newness and uniqueness of their innovations (Danneels & Kleinschmidt, 2001). However, due to their expertise they are, at the same time, in the best position to assess the novelty of their products, processes and services, even if some subjective bias towards exaggeration might exist.…”