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Cultural diversity and employment growth: Moderating effect of the recent global financial crisis

Markus Grillitsch and Sam Tavassoli

Australian Journal of Management, 2018, vol. 43, issue 4, 632-652

Abstract: This article analyses the effect of cultural diversity on employment growth, considering the recent global financial crisis (GFC) as a moderating factor. In doing so, we developed competing hypotheses based on Blau’s theory of heterogeneity versus an alternative perspective which combines the resource-based view (RBV) with social identity theory (SIT). We empirically test such theories using a unique longitudinal dataset comprising the population of all firms in Sweden between 2003 and 2012. We find support for the latter hypothesis, that is, the relationship between cultural diversity and employment growth is inverted U-shaped, which is even more pronounced during/after the GFC. We discussed the implications of these findings for other contexts. JEL Classification: M14 , M51 , E24 , G01

Keywords: Diversity; employment growth; financial crisis; firm performance (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:43:y:2018:i:4:p:632-652

DOI: 10.1177/0312896218765260

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