Investigating the impact of workforce racial diversity on the organizational corporate social responsibility performance: An institutional logics perspective

Amalesh Sharma, Aditya Christopher Moses, Sourav Bikash Borah and Anirban Adhikary

Journal of Business Research, 2020, vol. 107, issue C, 138-152

Abstract: Racial diversity is considered an integral part of the business world. The extant literature has focused on the effect of racial diversity on a firm's financial performance and presented mixed findings. Building on the institutional logics lens and using a sample of 204 firms belonging to 9 industries and spread across 21 countries for a period of six years, we explore the impact of workforce racial diversity on the Corporate Social Responsibility Performance (CSRP) of a firm. In addition, we also investigate the contingency effects of a firm's absorptive capacity and slack resources on the proposed relationship. Using a seemingly unrelated regression model and accounting for endogeneity, we find that racial diversity has an inverted U-shaped relationship with a firm's financial and social performance and has a U-shaped relationship with its environmental performance. We also find significant moderating effects. Thus, we contribute to the theory and practice in the field.

Keywords: Racial diversity; Institutional logics; CSR performance; Absorptive capacity; Slack resources (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:107:y:2020:i:c:p:138-152

DOI: 10.1016/j.jbusres.2018.10.018

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