The aim of this paper is to identify the factors that determine the survival of new firms in Greek manufacturing in the 1982-1992 period.

The aim of this paper is to improve our understanding of the empirical determinants of firm growth by extending the literature to include new groups of variables, namely sunk costs, financial structure and multinationality as well as by using more appropriate econometric techniques.

This study analyses the production efficiency gains in terms of technology transfer and labour productivity changes caused by diverse degrees of foreign ownership using a sample of 4056 manufacturing firms operating in Greece in 1997.