CEO ATTENTIONAL VIGILANCE: BEHAVIORALIMPLICATIONS FOR THE PURSUIT OF EXPLORATION

• 成果类型: Article
• 署名作者: Rhee, Luke
• 署名单位: University of California System; University of California Irvine
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/amj.2022.0950
• 发表日期: 2024
• 页码: 1463-1487
• 关键词: propensity score; firm; exploitation; INNOVATION; cognition; performance; management; search; AMBIDEXTERITY; capabilities

摘要

This study proposes that CEO attentional vigilance, defined as maintaining a consistentlevel of attention over time, can contribute to a firm's pursuit of exploration. Using datafrom new product introductions in the software industry, along with a text-based mea-sure of attentional vigilance derived from earnings conference calls, I find that CEOattentional vigilance to exploration has a positive effect on the firm's rate of exploration.Additionally, I observe that this positive impact is more pronounced when a firm'sfinancial performance falls below aspiration levels. Furthermore, based on an analysisof Glassdoor review data, I demonstrate that the level of satisfaction among employeesin explorative units partially mediates the effect of CEO attentional vigilance on thefirm's pursuit of exploration. The findings hold significant implications for research inthe attention-based view, performance feedback, and micro-foundations of strategy