Dear colleagues,

The institutional framework of both developing and developed economies is considered a crucial determinant for foreign investors and multinational enterprises. Recipient economies make significant efforts to improve their attractiveness and to absorb more foreign direct investments. Institutional reforms are considered by foreign investors and multinational enterprises when investing abroad and they have a significant impact on the international capital flow. Nevertheless, due to the constantly evolving trends in the operation of multinational enterprises and the allocation of capital flows, the research interest in the role of institutions is growing rapidly. Under this milieu, it is suggested that the interaction between emerging technologies used by multinational enterprises and institutions, which remain under-investigated till the present, namely institutional reforms related to artificial intelligence in recipient countries, could be investigated. Similarly, it is important to expand existing knowledge on the consequences of institutional reforms, and to examine single aspects of institutional dynamism. In this context, original research articles, systematic reviews, and meta-analyses are welcomed to expand existing knowledge on the interaction between institutional reforms and capital flows worldwide. Case studies are also encouraged.

Institutional reforms; Institutional quality; Institutional change; Institutional dynamism; Capital flows; Multinational enterprises; Developing economies; Developed countries