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Open innovation (OI), by now one of the major concepts for the analysis of innovation, is seen as a methodology for collaboratively designing and implementing solutions by engaging stakeholders in an iterative and inclusive service design process. This paper aims to empirically investigate OI capacities, defined as a cooperative, knowledge-sharing innovation ecosystem, and to explore how it can lead to improved performance of firms in Central and Eastern European (CEE) and Southeastern European (SEE) countries.

The study builds on the World Bank/European Bank for Reconstruction and Development (EBRD’s) Business Environment Enterprise Performance Survey (BEEPS) dataset for 2009, 2013 and 2019. Primarily, the research model was estimated using log-transformed ordinary least squares (OLS). Taking into consideration that this method might produce substantial bias, yielding misleading inferences, this study is fitting Poisson pseudo maximum likelihood estimators with robust standard errors and instrumental variable/generalized method of moments estimation (IV/GMM) approach for comparative results. Secondarily, the research model was tested using structural equation modelling (SEM) to investigate the relationship between five OI capacities and firm performance.

The findings indicate that there is a significant positive relationship between most OI capacities and firm performance, except for innovation, which did not show a statistically significant relationship with firm performance. Specifically, research and development (R&D), knowledge and coopetition are statistically significant and positively associated with firm performance, whereas transformation is statistically significant but negatively associated with firm performance. The IV/GMM estimations’ findings support the view that the firm performance is significantly affected by OI capacities, together with some control variables such as size, age, foreign ownership and year dummy to have a significant impact on firm performance.

This paper fills an identified gap in the literature by investigating the impact of OI on firm performance executed in the specific CEE and SEE country context.

This study aims to explore the impact of remittances on economic growth in Central and Eastern European (CEE) countries from 2010 to 2022. It particularly emphasizes the effects observed before and during the COVID-19 pandemic and the Ukraine crisis within this timeframe, as these events have significantly influenced the dynamics of migration and remittances in the region.

This study applies different econometric techniques such as ordinary least squares, fixed-effects model, random-effects model and generalized method of moments-dynamic panel data.

Based on the results generated, the effects of personal remittances, exports, foreign direct investments, gross capital formation, final consumption expenditure and exchange rates are very important elements for stimulating the economic growth of CEE countries.

The quality and coverage of statistics in many nations continue to be a concern when examining the impact of remittances on economies. Therefore, how best to quantify the effect of remittances to developing nations is still a matter of debate.

Remittances should be considered as an opportunity by policymakers when devising appropriate regulations. CEE countries must enact well-considered policies that consider the local and international environment.

This study stands out for its originality, offering fresh perspectives and advanced methodology that contribute significantly to the existing body of knowledge in the field. By addressing the impact of remittances on economic growth in CEE countries, the authors not only provide unique insights but also pave the way for further exploration and advancement in this area of research.

The purpose of this study is to investigate the impact on income distribution from foreign investment and open trade. The research highlights the impact of multinational enterprises (MNEs) on inequality in Western Balkan (WB) countries from 2007 to 2019. The study seeks to answer a critical question: how do multinational corporations affect income distribution?

The study uses different techniques such as two-stage least squared, fixed and random effect estimators and generalised method of moments (GMM). The data was gathered from the United Nations Development Programme, World Bank Indicators (WB) and Slot’s World Standardised Income Inequality Database.

The interaction of multinational companies through foreign direct investment (FDI) has a significant impact on income inequality. This research paper indicates that the effect of FDI on income inequality is significant and has a negative effect on income inequality within WB countries. The results from the GMM estimator, therefore, demonstrate the hypothesis that multinational companies have a positive effect in WBs countries on reducing inequality.

The theoretical contribution that this paper seeks to make is by the applying of incremental changing dimension or more specifically, through expanding existing knowledge. Based on a study of the prior articles, the authors found out that the majority of the papers discussed only income inequality or economic inequality or rarely education, but none of the papers examined all classifications of inequality in one paper. This paper’s second contribution is to calculate inequality not only by the Gini coefficient but also by the human development index. The study is unique in that it is the first to assess the impact of FDI on income distribution in WB countries. The research is unique in that it attempts to shed light on the impact of multinational corporations on inequality in Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia. The findings of this study will help to develop new policies, new legislation, reducing inequity and support FDIs and MNEs for governments and policymakers.

Green entrepreneurship is gaining more attention as the interest in sustainability is growing. This is mainly because consumer awareness is rising and thus many regulations have been implied and several research are proving positive relationship from the use of green entrepreneurship. Using enterprise data for the Republic of Albania (ALB), this study examines the effects of green entrepreneurship on firm performance. Our findings when we investigate the determinants of firm performance, the green entrepreneurship, certification, innovation activities, foreign ownership, and monitoring energy appear to have a positive impact on firm performance, while the effect of direct export is negative.

This paper aims at focusing on female entrepreneurs in Kosovo. It treats the conditions and perspectives of female entrepreneurship development and an array of problems that female entrepreneurs are facing.

To get a better picture on the profile of the female entrepreneurs in Kosovo, motives, problems and perspectives that stand in front of female entrepreneurs in Kosovo, a survey was conducted during the period of January-February 2015. From 90 distributed questionnaires, 70 responses were received, which means the response rate was 78 per cent.

The authors found that the majority of female entrepreneurs in Kosovo operate micro-businesses; are well educated; mostly operate in the trade sector; majority of them generate incomes from 20,000-40,000; most of them have business experience up to six years; obtaining financing sources is the main problem; and are good in financial management.

A useful information source for students, academics and policy-makers.

This paper addresses an under-researched country, that is Kosovo.