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Failure Escape: The role of advice seeking in CEOs’ awareness of financial difficulties and corporate restructuring

June 28, 2024 sarah JonasResearch Alert

Abstract This study investigates CEOs’ advice-seeking behavior in small- and medium-sized enterprises (SMEs) and its influence on managing the financial difficulties these firms face. Grounded in the attention-based view of firms, our framework posits that CEOs’ advice seeking plays a…