This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Download to citation manager Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Google Scholar Articles by Cho, T. S. Articles by Hambrick, D. C. Search for Related Content

Attention as the Mediator Between Top Management Team Characteristics and Strategic Change: The Case of Airline Deregulation

Rutgers Business School, Rutgers University, Janice Levin Building, Piscataway, New Jersey 08854
Smeal College of Business Administration, Pennsylvania State University, 414 Business Building, University Park, Pennsylvania 16802-1914
cho{at}rbs.rutgers.edu
dch14{at}psu.edu

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.

Key Words: top management team; managerial attention; executive compensation; organizational demography; strategic change; airline industry

This article has been cited by other articles:

				T. Hutzschenreuter and F. Guenther Performance effects of firms' expansion paths within and across industries and nations Strategic Organization, February 1, 2008; 6(1): 47 - 81. [Abstract] [PDF]

				C. E. Devers, A. A. Cannella JR, G. P. Reilly, and M. E. Yoder Executive Compensation: A Multidisciplinary Review of Recent Developments Journal of Management, December 1, 2007; 33(6): 1016 - 1072. [Abstract] [PDF]