TY - JOUR
T1 - Racial Diversity and Firm Performance
T2 - The Mediating Role of Competitive Intensity
AU - Andrevski, Goce
AU - Richard, Orlando C.
AU - Shaw, Jason D.
AU - Ferrier, Walter J.
PY - 2014/3
Y1 - 2014/3
N2 - The authors examine the mediating role of competitive intensity in the relationship between managerial racial diversity and firm performance (i.e., market share gain and average stock return). Racial diversity relates to firm performance via firms' capacity to compete intensively (i.e., to introduce new competitive actions frequently). An analysis reveals that environmental munificence moderates competitive intensity's mediating effect: Racially diverse management groups compete more intensively and perform better when they compete in munificent environments. The authors also find support for a moderated mediation model that simultaneously tests all components of their framework.
AB - The authors examine the mediating role of competitive intensity in the relationship between managerial racial diversity and firm performance (i.e., market share gain and average stock return). Racial diversity relates to firm performance via firms' capacity to compete intensively (i.e., to introduce new competitive actions frequently). An analysis reveals that environmental munificence moderates competitive intensity's mediating effect: Racially diverse management groups compete more intensively and perform better when they compete in munificent environments. The authors also find support for a moderated mediation model that simultaneously tests all components of their framework.
KW - competitive dynamics
KW - competitive intensity
KW - firm performance
KW - moderated mediation
KW - racial diversity
UR - http://www.scopus.com/inward/record.url?scp=84894755775&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84894755775&partnerID=8YFLogxK
U2 - 10.1177/0149206311424318
DO - 10.1177/0149206311424318
M3 - Article
AN - SCOPUS:84894755775
SN - 0149-2063
VL - 40
SP - 820
EP - 844
JO - Journal of Management
JF - Journal of Management
IS - 3
ER -