TY - JOUR
T1 - Using panel data dea to measure CEOs' focus of attention
T2 - An application to the study of cognitive group membership and performance
AU - Surroca, Jordi
AU - Prior, Diego
AU - Tribõ Giné, Josep A.
N1 - Publisher Copyright:
Copyright © 2014 John Wiley & Sons, Ltd.
PY - 2016/2/1
Y1 - 2016/2/1
N2 - In this study, we examine the existence and performance of cognitive groups. In accordance with the attention-based view of managerial cognition, cognitive groups are defined as groups of firms in which the CEOs focus their attention on similar strategic elements when seeking to maximize their firm's competitive advantage. We developed a panel data extension of the original Data Envelopment Analysis to gauge CEOs' focus of attention and then clustered firms into groups. We compared our approach with other approaches that use content analysis of CEOs' letters to shareholders and CEOs' demographic characteristics to measure CEOs' attention. Although the different approaches are related, indicating the existence of a common underlying construct (i.e., mental models), our approach explains a higher proportion of the variation in organizational performance.
AB - In this study, we examine the existence and performance of cognitive groups. In accordance with the attention-based view of managerial cognition, cognitive groups are defined as groups of firms in which the CEOs focus their attention on similar strategic elements when seeking to maximize their firm's competitive advantage. We developed a panel data extension of the original Data Envelopment Analysis to gauge CEOs' focus of attention and then clustered firms into groups. We compared our approach with other approaches that use content analysis of CEOs' letters to shareholders and CEOs' demographic characteristics to measure CEOs' attention. Although the different approaches are related, indicating the existence of a common underlying construct (i.e., mental models), our approach explains a higher proportion of the variation in organizational performance.
KW - CEO attention
KW - Data Envelopment Analysis
KW - cognitive groups
KW - mental models
KW - panel data
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U2 - 10.1002/smj.2350
DO - 10.1002/smj.2350
M3 - Article
AN - SCOPUS:84957439186
SN - 0143-2095
VL - 37
SP - 370
EP - 388
JO - Strategic Management Journal
JF - Strategic Management Journal
IS - 2
ER -