Attention as the Mediator Between Top Management Team Characteristics and Strategic Change: The Case of Airline Deregulation
研究了航空业放松管制后，高层管理团队的构成和薪酬变化如何通过影响管理者的注意力分配，进而推动企业战略变革。
We integrate the upper-echelons perspective with the attention-based view of the firm by examining the role of attentional orientation of top management teams (TMTs). In the context of airline deregulation, we find that deregulation caused a shift in managerial attention, but that this shift in attention was the greatest for firms that changed the composition and compensation of their TMTs in ways that favored the deregulated regime. We also find that attention partially mediated the relationship between TMT changes and strategy changes. The results of this study shed light on the transformation of industry attention patterns following an environmental shift, and the role of TMT composition and incentive systems in that process.