The purpose of this chapter is to investigate how such factors as corporate social responsibility, individual and organizational level factors predict the innovation climate. The survey was conducted in Estonian, Chinese, Japanese, Russian and Slovakian electric-electronic machine, retail store and machine-building enterprises. Linear regression analysis was done in order to analyze connections between the innovation climate, corporate social responsibility, individual and organizational level factors. The total number of respondents was 4632. The results of an empirical study show that both facets of corporate social responsibility - the firm performance concerning social issues and the firm respects the interests of agents, individual and organizational level factors predict the innovation climate, but it differs according to different countries. The 5 models developed explain how corporate social responsibility, individual and organizational level factors predict the innovation climate in Estonian, Chinese, Japanese, Russian and Slovakian electric-electronic machine, retail store and machine-building enterprises.