Original paper
Managerial Style and Attention
Volume: 13, Issue: 3, Pages: 372 - 403
Published: Jul 26, 2021
Abstract
Is firm behavior mainly driven by its environment or rather by the characteristics of its managers? We develop a cognitive theory of manager fixed effects, where the allocation of managerial attention determines firm behavior. We show that in complex environments, the endogenous allocation of attention exacerbates manager fixed effects. Small differences in managerial expertise then may result in dramatically different firm behavior, as managers...
Paper Details
Title
Managerial Style and Attention
Published Date
Jul 26, 2021
Volume
13
Issue
3
Pages
372 - 403