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The Impact of Informational and Social Category Work Group Diversity on Performance: Large Sample Evidence from the Mutual Fund Industry
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IZA Seminar |
Place: Schaumburg-Lippe-Str. 9, 53113 Bonn |
Date: 17.07.2007, 12:00 - 13:30 |
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Abstract: |
This paper investigates the impact of work group diversity on performance. Analyzing
a uniquely large sample of management teams from the U.S. mutual fund industry
we find that the influence of diversity on performance depends on the dimension of
diversity that is analyzed. While diversity in tenure and educational diversity of fund
management team members is positively related to performance, gender diversity is
negatively related to performance. Age diversity has no strong impact. Our results have
important implications for the optimal composition of work groups and for investment
strategies of fund investors. |
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Download complete paper  |
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For more information, please contact seminar@iza.org
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