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market values ethnic and gender diversity within organizational boards. We find that board diversity is positively associated … with market valuation. We distinctively demonstrate further that ethnic diversity is valued more highly by the stock market … than gender diversity. By contrast, we do not find any evidence of a significant non-linear link between board diversity …
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While many firms have recognized the importance of recruiting and hiring diverse job applicants, they should also pay attention to the challenges newly hired diverse candidates may face after entering the company. It is possible that they are being assessed by unequal or unequitable standards...
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