Key points are not available for this paper at this time.
Richard A. D'Aveni, Ian C. MacMillan, Crisis and the Content of Managerial Communications: A Study of the Focus of Attention of Top Managers in Surviving and Failing Firms, Administrative Science Quarterly, Vol. 35, No. 4 (Dec., 1990), pp. 634-657
D'Aveni et al. (Sat,) studied this question.