Markus Grillitsch
Senior Lecturer
Cultural diversity and employment growth : Moderating effect of the recent global financial crisis
Author
Summary, in English
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
Department/s
- CIRCLE
Publishing year
2018-11
Language
English
Pages
632-652
Publication/Series
Australian Journal of Management
Volume
43
Issue
4
Document type
Journal article
Publisher
SAGE Publications
Topic
- Human Geography
Keywords
- Diversity
- employment growth
- financial crisis
- firm performance
Status
Published
ISBN/ISSN/Other
- ISSN: 0312-8962