| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13527 |
| DP13527 Managerial Style and Attention | |
| Wouter Dessein; Tano Santos | |
| 发表日期 | 2019-02-13 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | 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 devote scarce attention in a way which amplifies initial differences. In contrast, in less complex environments, the endogenous allocation of attention mitigates manager fixed effects. Firm owners prefer `managers with style' only in complex environments. |
| 主题 | Industrial Organization |
| 关键词 | Managerial style Attention Firm strategy Firm behavior |
| URL | https://cepr.org/publications/dp13527 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542343 |
| 推荐引用方式 GB/T 7714 | Wouter Dessein,Tano Santos. DP13527 Managerial Style and Attention. 2019. |
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