We explore the relationship between the volatility of a firm's local environment and its organizational structure. Using micro-level data on a large retailer, we empirically test and provide support for our hypothesis that a more volatile local environment results in more decentralization only...

How do attention capacity and expertise affect the allocation of attention? Adapted from Dessein and Santos (2020), our theory shows that when attention is scarce, a manager focuses her attention on tasks in which she has relatively more expertise: she "manages with style." In contrast, when...