Comparative Analysis of Racio-Ethnicity and Gender Impact on Stock Risk

J. R. Smith, Andrea Tillman-Hawkins, Alisa L. Mosley and Jean-Claude Assad
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J. R. Smith: Jackson State University, MS, USA
Andrea Tillman-Hawkins: Alabama A&M University, AL, USA
Alisa L. Mosley: Tennessee State University, TN, USA
Jean-Claude Assad: Jackson State University, MS, USA

International Journal of Risk and Contingency Management (IJRCM), 2014, vol. 3, issue 3, 18-41

Abstract: The study purpose is to examine the relationship between cultural diversity and firm performance from the perspective of the investors. Stock values were used to test the hypothesized relationships between the components of cultural diversity (i.e. racio-ethnicity and gender impact on firm performance) using an event study methodology with regression analysis techniques. The findings indicate that the influences of racio-ethnicity and gender diversity on firm performance were mixed. However, significant relationships were found between the components of cultural diversity and firm performance. New directions for future research are offered.

Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jrcm00:v:3:y:2014:i:3:p:18-41

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