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

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          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.

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          Most cited references 39

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          Power-Dependence Relations

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            INSTRUMENTAL STAKEHOLDER THEORY: A SYNTHESIS OF ETHICS AND ECONOMICS.

             T Jones (1995)
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              The Justification of Organizational Performance

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                Author and article information

                Contributors
                Role: ND
                Journal
                bar
                BAR - Brazilian Administration Review
                BAR, Braz. Adm. Rev.
                ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração (Rio de Janeiro )
                1807-7692
                June 2015
                : 12
                : 2
                : 129-149
                Affiliations
                [1 ] Insper Instituto de Ensino e Pesquisa Brazil
                Article
                S1807-76922015000200129
                10.1590/1807-7692bar2015140055
                Product
                Product Information: website
                Categories
                MANAGEMENT

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