Matches in SemOpenAlex for { <https://semopenalex.org/work/W4310361905> ?p ?o ?g. }
- W4310361905 abstract "Research Summary We examine how and why pre-existing vertical scope may cause differences in product market exit rates after sudden and exogenous decreases in demand. Our empirical context is the U.S. medical diagnostic imaging industry (2004–2009), wherein a major Medicare reform created a derived demand shock to equipment manufacturers. Using a difference-in-difference-in-difference design, we find integrated firms were more likely to exit than nonintegrated firms. Building on the literature conceptualizing firms' pre-shock vertical scope as a representation of existing resources and governance choices, we explain that integrated and nonintegrated firms responded differently by leveraging their own distinctive capabilities. Our qualitative insights suggest that higher market exit of integrated firms was driven by their higher adjustment costs due to frictions across strategies for demand management versus cost reduction. Managerial Summary This study investigates whether having a dedicated sales force or utilizing third-party distributors can help mitigate the adverse effect of an abrupt demand decrease on manufacturers. In the context of the US medical imaging equipment industry affected by the 2005 Deficit Reduction Act, we show that all firms implemented strategies for demand management, cost reduction, and product portfolio reconfiguration in response. Manufacturers using external distributors experienced fewer frictions across these strategies than those with an internal sales force and were less likely to exit. Thus, a firms' vertical scope can impact how they cope with environmental changes." @default.
- W4310361905 created "2022-12-09" @default.
- W4310361905 creator A5031861590 @default.
- W4310361905 creator A5035065170 @default.
- W4310361905 creator A5067684863 @default.
- W4310361905 date "2022-12-09" @default.
- W4310361905 modified "2023-09-27" @default.
- W4310361905 title "Weathering a demand shock: The impact of prior vertical scope on post‐shock firm response" @default.
- W4310361905 cites W1502101012 @default.
- W4310361905 cites W1785552078 @default.
- W4310361905 cites W1982001071 @default.
- W4310361905 cites W1991968238 @default.
- W4310361905 cites W2000365554 @default.
- W4310361905 cites W2005277056 @default.
- W4310361905 cites W2012370212 @default.
- W4310361905 cites W2013248312 @default.
- W4310361905 cites W2013618890 @default.
- W4310361905 cites W2017578567 @default.
- W4310361905 cites W2024141569 @default.
- W4310361905 cites W2026664215 @default.
- W4310361905 cites W2030799799 @default.
- W4310361905 cites W2035638978 @default.
- W4310361905 cites W2038521799 @default.
- W4310361905 cites W2057384048 @default.
- W4310361905 cites W2062984700 @default.
- W4310361905 cites W2064405932 @default.
- W4310361905 cites W2071983629 @default.
- W4310361905 cites W2093763765 @default.
- W4310361905 cites W2094452840 @default.
- W4310361905 cites W2097273566 @default.
- W4310361905 cites W2101805283 @default.
- W4310361905 cites W2105415520 @default.
- W4310361905 cites W2107881457 @default.
- W4310361905 cites W2109360558 @default.
- W4310361905 cites W2110421800 @default.
- W4310361905 cites W2112059919 @default.
- W4310361905 cites W2112976259 @default.
- W4310361905 cites W2114553241 @default.
- W4310361905 cites W2119089951 @default.
- W4310361905 cites W2119357980 @default.
- W4310361905 cites W2120946119 @default.
- W4310361905 cites W2121497958 @default.
- W4310361905 cites W2123253124 @default.
- W4310361905 cites W2125381863 @default.
- W4310361905 cites W2128487038 @default.
- W4310361905 cites W2129013617 @default.
- W4310361905 cites W2130255953 @default.
- W4310361905 cites W2132081716 @default.
- W4310361905 cites W2132737651 @default.
- W4310361905 cites W2135755211 @default.
- W4310361905 cites W2145581920 @default.
- W4310361905 cites W2152004242 @default.
- W4310361905 cites W2154124232 @default.
- W4310361905 cites W2162534653 @default.
- W4310361905 cites W2164834995 @default.
- W4310361905 cites W2165803893 @default.
- W4310361905 cites W2179492332 @default.
- W4310361905 cites W2180810957 @default.
- W4310361905 cites W2264070937 @default.
- W4310361905 cites W2289161470 @default.
- W4310361905 cites W2305875124 @default.
- W4310361905 cites W2315879806 @default.
- W4310361905 cites W2488348864 @default.
- W4310361905 cites W2502987700 @default.
- W4310361905 cites W2523221179 @default.
- W4310361905 cites W2755035742 @default.
- W4310361905 cites W2894844051 @default.
- W4310361905 cites W2898644495 @default.
- W4310361905 cites W2905185013 @default.
- W4310361905 cites W2955231246 @default.
- W4310361905 cites W3005847560 @default.
- W4310361905 cites W3011153321 @default.
- W4310361905 cites W3021159755 @default.
- W4310361905 cites W3025608011 @default.
- W4310361905 cites W3093175346 @default.
- W4310361905 cites W3122973065 @default.
- W4310361905 cites W3123205257 @default.
- W4310361905 cites W3123311994 @default.
- W4310361905 cites W3123386210 @default.
- W4310361905 cites W3124611862 @default.
- W4310361905 cites W3125349408 @default.
- W4310361905 cites W3125551706 @default.
- W4310361905 cites W3125649736 @default.
- W4310361905 cites W3156348224 @default.
- W4310361905 cites W4206621009 @default.
- W4310361905 cites W4206645095 @default.
- W4310361905 cites W4234814546 @default.
- W4310361905 doi "https://doi.org/10.1002/smj.3478" @default.
- W4310361905 hasPublicationYear "2022" @default.
- W4310361905 type Work @default.
- W4310361905 citedByCount "1" @default.
- W4310361905 countsByYear W43103619052023 @default.
- W4310361905 crossrefType "journal-article" @default.
- W4310361905 hasAuthorship W4310361905A5031861590 @default.
- W4310361905 hasAuthorship W4310361905A5035065170 @default.
- W4310361905 hasAuthorship W4310361905A5067684863 @default.
- W4310361905 hasConcept C10138342 @default.
- W4310361905 hasConcept C119701452 @default.
- W4310361905 hasConcept C126322002 @default.
- W4310361905 hasConcept C144133560 @default.