Cognitive Frames as Codeterminants of Persistent Performance Differentials

The present study extends the competence-based view by appealing to cognitive frames as codeterminants of persistent performance differentials. It is suggested that financial performance is influenced by a causal chain running from cognitive frames through constrained information processing and perceived uncertainty. The empirical test provides evidence from survey data and archival data supporting this assertion. We are aware of no previous work that explicitly states or tests this causal chain. Furthermore, we introduce a novel method to estimate path models when the usual approach is infeasibl