| Project/Area Number |
22K13472
|
|---|
| Research Category |
Grant-in-Aid for Early-Career Scientists
|
| Allocation Type | Multi-year Fund |
|---|
| Review Section |
Basic Section 07080:Business administration-related
|
|---|
| Research Institution | Hitotsubashi University |
|---|
Principal Investigator |
Lee Jinju (リジンジュ) 一橋大学, 大学院経営管理研究科, 講師 (30870224)
|
|---|
| Project Period (FY) |
2022-04-01 – 2024-03-31
|
| Project Status |
Granted (Fiscal Year 2022)
|
| Budget Amount *help |
¥3,510,000 (Direct Cost: ¥2,700,000、Indirect Cost: ¥810,000)
Fiscal Year 2023: ¥1,820,000 (Direct Cost: ¥1,400,000、Indirect Cost: ¥420,000)
Fiscal Year 2022: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
|
|---|
| Keywords | Attention-based View / Covid-19 / Competition Strategy / behavioral strategy / managerial bias / COVID-19 pandemic / disruptive environment |
|---|
| Outline of Research at the Start |
The key research questions of this research are: (1) How does the disruptive environmental changes such as COVID-19 create different kinds of organizational attentions? and (2) Do these different types of organizational attentions manifest managerial biases and influence firms' strategic decisions under the pandemic situation? Since most of the work on behavioral strategy are based on probabilistic framework, this study aims to provide a novel framework in understanding how managerial attentions are formed and strategic choices are made under ill-defined outcome space and abrupt discontinuity.
|
| Outline of Annual Research Achievements |
Drawing upon the Attention-Based View (ABV) of strategy and behavioral strategy literatures, this research aims to achieve two main objectives. Firstly, it seeks to explore the types of organizational attention that have emerged during the COVID-19 pandemic, specifically focusing on selective focus and structural distribution of attention. Secondly, it aims to investigate the relationships between these types of organizational attention and the likelihood of managerial biases (such as myopic and normalcy biases) as well as the choice of strategic actions. Noteworthy accomplishments to date include conducting a comprehensive literature review, gathering data for pilot testing the hypotheses, and uncovering initial findings. The preliminary findings indicate that firms' attention towards either cost-saving or revenue-generating activities is influenced by factors such as ownership structure, past financial performance, and the presence of strategic alliance partners.
|
| Current Status of Research Progress |
Current Status of Research Progress
3: Progress in research has been slightly delayed.
Reason
Three main tasks have been accomplished thus far. Firstly, a comprehensive literature review has been conducted, focusing on recent studies examining the impact of COVID-19 on firm behavior. The review also incorporates recent research that explores the diverse effects of the pandemic on various industries. Secondly, secondary data, including annual reports and media materials, has been collected for content analysis purposes. Lastly, pilot tests utilizing complexity and centrality tests have been carried out to generate initial findings for the developed hypotheses. These tests have allowed for preliminary assessments of the types of managerial attention patterns that have emerged due to COVID-19, as well as an evaluation of the impact of these patterns on different firm actions. It should be noted that due to the extensive volume of secondary data (exceeding 1,000 media documents per firm), there has been a slight delay in the collection and processing schedule.
|
| Strategy for Future Research Activity |
Data from approximately 30 global airlines and global pharmaceutical companies will be collected, focusing on the period from 2018 to 2021. The data will include relevant secondary sources such as annual reports and media materials. Content analysis and regression analysis techniques will be employed to analyze the collected data and uncover patterns and trends in managerial attention towards COVID-19. Specifically, the study will investigate the likelihood of managerial biases, including myopic and normalcy biases, and examine the strategic actions taken by the firms, such as the type of action, response time, and frequency of temporal actions. After the analysis, a research paper will be prepared and submitted to an international peer-reviewed journal or conference for presentation.
|
