The role of productive efficiency on entry and post-entry performance under different strategic orientation: the case of the Greek plastics and rubber industry

The present study formulates and empirically tests the hypothesis that the post-entry performance and growth of new firms is affected by the way in which crucial resources are combined during the decision-making process to enter the industry or not. Further, the study empirically tests the hypothesis that multifaceted productive efficiency influences both the entry decision and the entrants' post-entry performance. The proposed analytical framework allows for testing these hypotheses under different strategic orientations assumed to be followed by entrants. Results of the estimated partial observability model provide support to these hypotheses in almost all of the examined cases. Copyright © 2008 John Wiley & Sons, Ltd.