When a Thousand Words Are (Not) Enough: An Empirical Study of the Relationship between Firm Performance and Attention to Shareholders



Título del documento: When a Thousand Words Are (Not) Enough: An Empirical Study of the Relationship between Firm Performance and Attention to Shareholders
Revista: BAR - Brazilian Administration Review
Base de datos:
Número de sistema: 000552913
ISSN: 1807-7692
Autors: 1
Institucions: 1Insituto de Ensino e Pesquisa, Sao Paulo. Brasil
Any:
Volum: 12
Número: 2
Paginació: 129-149
País: Brasil
Idioma: Inglés
Tipo de documento: Artículo
Resumen en inglés The aim of this study is to concurrently test the explanatory power of the attention-based view (ABV) of the firm and of the resource dependence theory (RDT).We propose a conceptual model of attention to shareholders based on assumptions of both ABV and RDT. We test these hypotheses using a unique dataset, consisting of content-analyzed data on attention allocation for 313 firms from 24 different countries. Our research findings highlight the complementary nature of the RDT and ABV and add to the literature about attention, providing empirical evidence and theoretical explanation for the scarcely explored relationship between firm performance and organizational attention.
Disciplines Administración y contaduría
Paraules clau: Administración de instituciones
Keyword: Attention-based view,
Financial performance,
Resource dependence,
Shareholder,
Stakeholder theory,
Management of institutions
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