Broadly speaking, internationalisation means the entry to new-country markets. It may, therefore, be described as a process of innovation ( Bilkey & Tesar, 1977 ; Andersen, 1993 ; Casson, 2000 ). Faced with increasing international competition, innovation has become a central focus in firms’...

This paper contributes to SME internationalization theory by offering regionspecific propositions on early internationalization of Central and Eastern European (CEE) firms. We suggest that special treatment of international new ventures from CEE transition economies is justified due to...