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Markus Grillitsch

Senior Lecturer

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

Author

  • Markus Grillitsch
  • Sam Tavassoli

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