The fifth international conference on ECONOMICS AND MANAGEMENT OF NETWORKS will be held at the Frederick University www.frederick.ac.cy/en/, from December 1 to 3, 2011, in LIMASSOL, Cyprus. The purpose of the conference was to provide an international discussion forum for research in economics and management of networks. Theoretical, conceptual and empirical papers from all areas in economics and management of franchising, cooperatives, joint ventures, licensing, strategic alliances, venture capital relations, virtual networks and other hybrids are invited.