Guest Editors' Introduction to the Focused Issue: International Business in Central and Eastern Europe.

The article discusses research into international businesses centered in Central and Eastern Europe. Much of this has focused on theories such as transaction cost economics, agency theory, and institutional perspectives. Articles in this issue analyze the dynamic processes in transitional economies. Each papers analyze different aspects of transition that businesses must go through to fully internationalize themselves. Several researchers found that positive emotions were the key to increasing a Dutch firm's chances of internationalization. Another showed the rough entry of several Swedish firms into the Russian marketplace.