Transformations  in
Business & Economics

JEL classification: Y20.

Transformations in Business & Economics (TIBE) journal continues in providing a focused outlet for high quality research in the ever-expanding area of Development Economics in the field of Social Sciences and related disciplines. The field research should not be limited by any narrow conceptualisation of development economics, but embraces interdisciplinary and multi-facet approaches to economic theory, business management, marketing, as well as general transformations in the economic, social-cultural, ecological, technological, competitive, demographic and political-legal environment.

Therefore, we expect original and authentic manuscripts, never published before in any format and not submitted to any other publishing institution, which are based on fact-centred research to establish economic and business management regularities, where the theory is motivated by substantiated empirical findings, where disciplined application of economic principles is used to explain and predict the real-world behaviour of organisations, markets and industries. We will continue to seek for:

• empirical studies, which provide convincing and significant findings of fact. Careful establishment of an interesting or puzzling empirical regularity is of value to the field if the author has a convincing explanation for the phenomenon;
• theoretical studies, which stress relatively robust ideas, and combine theory with a sense of empirical magnitudes, presenting fresh viewpoints and theoretical perspectives, new literature overviews and concept classifications, where a systems’ approach is a central focus of the research;
• explanatory research studies about a firm, an industry, or a business practice according to economic principles. Such a case study must go well beyond the purely descriptive by illuminating the ways in which industry practice and institutions can be understood in terms of economic principles. Factors that resist economic explanation also should be identified.

The current issue of TIBE presents guest and special editorials by Spanish and Lithuanian scholars, who presented their findings on 34 countries, related to the individualism and collectivism values, and their impact on national culture and financial performance of a particular country (Alfredo M. Bobillo, Felix Lopez-Iturriaga, and Fernando Tejerina Gaite from Spain) and discussed on the investment funds’ market on the EU scale, over-viewing the Lithuanian real estate funds – criteria and trends and presenting major research outcomes (Birute Galiniene and Junona Bumelyte from Lithuania).

Our focus of publishing is not limited to Central and Eastern European countries alone, but envisages a wider perspective of the term “transformations”, encompassing transformational changes in theory and conceptual developments, as well as researching practical phenomena, which in effect present first-hand evidence on transitional changes in real life cases in financial solutions, socio-economic developments, environmental issues, giving a multi-facet perceptive of international, national, national and individual levels. Therefore, contributors to this issue were welcomed and selected to represent their research insights from Poland, Portugal, the USA, Italy, Spain, and Lithuania.

Prof. Dr. (HP) Dalia Štreimikienė
Editor-in-Chief