Racial Diversity and Firm Performance: The Mediating Role of Competitive Intensity

被引:107
作者
Andrevski, Goce [1 ]
Richard, Orlando C. [2 ]
Shaw, Jason D. [3 ]
Ferrier, Walter J. [4 ]
机构
[1] Queens Univ, Kingston, ON K7L 3N6, Canada
[2] Univ Texas Dallas, Dallas, TX 75230 USA
[3] Univ Minnesota, Minneapolis, MN 55455 USA
[4] Univ Kentucky, Lexington, KY 40506 USA
关键词
racial diversity; competitive dynamics; competitive intensity; firm performance; moderated mediation; ABSORPTIVE-CAPACITY; CULTURAL-DIVERSITY; MODERATING ROLE; TEAM DIVERSITY; WORK; CONTEXT; CONSEQUENCES; MANAGEMENT; KNOWLEDGE; BARRIERS;
D O I
10.1177/0149206311424318
中图分类号
F [经济];
学科分类号
020101 [政治经济学];
摘要
The authors examine the mediating role of competitive intensity in the relationship between managerial racial diversity and firm performance (i.e., market share gain and average stock return). Racial diversity relates to firm performance via firms' capacity to compete intensively (i.e., to introduce new competitive actions frequently). An analysis reveals that environmental munificence moderates competitive intensity's mediating effect: Racially diverse management groups compete more intensively and perform better when they compete in munificent environments. The authors also find support for a moderated mediation model that simultaneously tests all components of their framework.
引用
收藏
页码:820 / 844
页数:25
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