The impact of racial and gender diversity in management on financial performance: how participative strategy making features can unleash a diversity advantage
The impact of racial and gender diversity in management on financial performance: how participative strategy making features can unleash a diversity advantage
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管理中种族和性别多样性对财务绩效的影响:参与性战略制定特征如何释放多样性优势
DOI:
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发表时间:
2013
期刊:
影响因子:
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通讯作者:
Ken Chadwick
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文献类型:
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作者:
O. Richard;S. L. Kirby;Ken Chadwick
How does racial and gender diversity in the management ranks affect the bottom line? Our findings indicate that participative strategy making (PSM) positively moderates the relationship between both racial and gender diversity in management and firm performance measured as return on assets. Specifically, PSM strengthens the positive relationship that exists between racial diversity in management and firm performance. Although no main effect is observed for gender diversity in management, our results reveal that gender diversity in management is positively related to performance when PSM is high. However, we find that gender diversity in management is negatively related to performance when PSM is low, while gender homogeneous management experience superior performance. We offer implications for diversity research to embrace and consider the role of PSM and ‘inclusiveness’.