An attention-based view of short-termism
| Autor: | Hammad ul Haq, Robert Kleinknecht, Alan Muller, Karolus Kraan |
|---|---|
| Přispěvatelé: | Research programme GEM |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
SELECTIVE PERCEPTION
Short-termism INNOVATION Strategy and Management media_common.quotation_subject FLEXIBLE LABOR EARNINGS PRESSURE Shareholder CORPORATE GOVERNANCE HORIZON 0502 economics and business Organizational structure KNOWLEDGE Industrial organization media_common Hierarchy Corporate governance 05 social sciences Flexibility (personality) Selective perception PERFORMANCE Incentive FIRM 050211 marketing Bureaucracy Business ORIENTATION Attention-based view 050203 business & management |
| Zdroj: | European Management Journal, 38(2), 244-254. ELSEVIER SCI LTD |
| ISSN: | 0263-2373 |
| Popis: | Debates about short-termism in business tend to center around the role of shareholder pressures and managers’ incentives, while the role of organizational structure remains understudied. In our paper, we adopt an attention-based lens to elucidate the role of organizational structure in directing the attention of management towards pressures for short-term results at the expense of the long term. Specifically, we argue that greater scale of operations, hierarchy, bureaucracy, and workforce flexibility reduce slack resources available to senior managers and increase the complexity of information presented to them in different ways. As a result, the senior managers shift their attention to short-term pressures, which are more easily understood, at the expense of attention for long-term considerations. Analysis based on a survey of senior managers in 3221 private firms in the Netherlands provides support for our arguments. © 2019 Elsevier Ltd |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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