Weathering a demand shock: The impact of prior vertical scope on post‐shock firm response

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...

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Bibliographic Details
Published in:	Strategic management journal 2023-08, Vol.44 (8), p.1965-2004
Main Authors:	Lim, Najoung, Kim, Seojin, Agarwal, Rajshree
Format:	Article
Language:	English
Subjects:	Companies Cost reduction Costs Demand demand shock Diagnostic tests Governance Health care policy Manufacturing Market exit Market prices Markets medical diagnostic imaging Medical imaging Medicare Medicare reform Portfolios Sales Scope Strategies vertical scope
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