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Attentional homogeneity in industries: the effect of discretion

✍ Scribed by Eric Abrahamson; Donald C. Hambrick

Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
217 KB
Volume
18
Category
Article
ISSN
0894-3796

No coin nor oath required. For personal study only.

✦ Synopsis

Industries dier in how homogeneous they are in terms of managerial cognitions. This study draws upon the concept of discretion, arguing that the more latitude managers have in an industry, the more varied their companies' attention patterns will be. Focusing on 14 industries assessed as diering widely in their discretion, we measured intraindustry attentional homogeneity using Computer Assisted Text Analysis of letters to shareholders in corporate annual reports. As expected, the greater the discretion in an industry, the less the attentional homogeneity.

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