Mode of Entry and Ex - Post Performance  

Oleh:

Sharma, Anurag

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 19 no. 9 (1998), page 879-900.
Topik: performance; diversification; entry mode; sunk costs

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

In this study 1 develop and empirically test hypotheses delineating how a set of industry and firm - level factors are differentially associated with postentry performance of de novo and acquisitive entrants. First, I conceptualize structural entry barriers as sunk costs or irrecoverable invesstments that entrants must make in the entered industry to be competitive vis - a - vis incumbents. I then argue that de novo and acquisitive entrants differ in three important ways : 1. incremental versus up - prompt sunk cost investments in overcoming impediments to entry 2. increasing productive capacity versus changing ownership in the entered industry, and 3. low versus high costs of integration when realizing synergies with parent firms I use the trinet, FTC - ALB, and Compustat data bases to construct a sample comprising de novo and acquisitive entries made during the period 1980 - 82. Next, I evaluate post entry survival and growth between 1982 and 1986. Overall, empirical tests provided partial support for the hypotheses, and the explained variance in my models ranged from 17 percent to 37 percent.

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