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| Hypothesis Number | Research hypothesis | test result |
| 1 | H1a | When the concentration of managerial cognition in the management of the listed company’s senior management team focused on the macro environment, the business performance of the company declined. | Get support |
| 2 | H1b | When the concentration of management awareness of the senior management team of a listed company in the media focuses on the industry’s competitive advantage, the company’s operating performance increases. | Get support |
| 3 | H1c | When the concentration of management awareness of the senior management team of a listed company in the media focuses on the enterprise’s ability to integrate, the company’s operating performance will increase. | Get support |
| 4 | H2a | The relationship between the degree of concentration of attention of the executives of the listed companies in the management of the media and the change in the flexibility of the company is in the opposite direction. | Get support |
| 5 | H2b | The degree of concentration of attention on the macro-environment in the management of public companies listed in the media and the flexibility of the company’s response are in a reversed relationship. | Not supported |
| 6 | H2c | The degree of concentration of attention on the macro-environment of the senior management of the listed companies in the media has changed in a reverse relationship with the flexibility of the company’s resources. | Get support |
| 7 | H2d | The degree of concentration of attention of the executives of the listed companies in the management of the media to the industry’s competitive advantage is positively related to the flexibility of the enterprise’s change. | Get support |
| 8 | H2e | The relationship between the degree of concentration of attention on the industry’s competitive advantage and the positive change in the flexibility of the corporate response to the perceptions of executives of media listed companies’ senior management | Not supported |
| 9 | H2f | The high level of management awareness of media listed companies has a positive relationship between the degree of concentration of industry’s competitive advantage and the flexibility of the company’s resources. | Get support |
| 10 | H2g | There is a positive relationship between the degree of concentration of attention on corporate integration capabilities and the flexibility of corporate innovation in the management of public companies listed on the media. | Get support |
| 11 | H2h | There is a positive relationship between the degree of concentration of attention of the executives of the listed companies in the management of the media and the flexibility of the corporate response. | Not supported |