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



Document title: When a Thousand Words Are (Not) Enough: An Empirical Study of the Relationship between Firm Performance and Attention to Shareholders
Journal: BAR - Brazilian Administration Review
Database:
System number: 000552913
ISSN: 1807-7692
Authors: 1
Institutions: 1Insituto de Ensino e Pesquisa, Sao Paulo. Brasil
Year:
Volumen: 12
Number: 2
Pages: 129-149
Country: Brasil
Language: Inglés
Document type: Artículo
English abstract 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
Keyword: Administración de instituciones
Keyword: Attention-based view,
Financial performance,
Resource dependence,
Shareholder,
Stakeholder theory,
Management of institutions
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