The influence of secondary production on industry definition in the extended vertical market model
Article Abstract:
An attempt is made to define secondary production and to analyze its impact on an extended vertical market structure model. The variables of this model are industry profit, industry primary product output as a percentage of all industries' overall product output, and industry primary product output as a percentage of all products' overall industry output. The findings suggest that industry profit is considerably influenced by secondary production in both instances when the extended vertical market structure-profit model is fitted to all industries and to individual industry categories. It is also suggested that the influence between industry profit and secondary production is reciprocal, although its functional form is nonlinear. Furthermore, evidence indicates that the effect of secondary production on industry profit may also vary across industries in terms of strength and functional form.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1992
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Established companies diversifying into young industries: a comparison of firms with different levels of performance
Article Abstract:
Performance differences are examined among established companies diversifying into young industries. Also considered are 11 'corporate level' hypotheses about organizational and strategic variables. Results suggest that performance is tied to company size, time of entry, financial strength, and the maturity of the company's markets. The significance of several of the variables appears to be altered as an industry develops.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1988
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