Research investigating the relationship between firm performance and gender diversity has so far reported conflicting evidence: Some studies find firm performance to benefit from gender diversity, others find negative results or no effect at all. Taking this inconclusive evidence as a sign for...

We construct a simple index for national identity using information from the World Values Survey on peoples' attitudes towards the nation. We then analyze the relationship between national identity and religious diversity. The results show that religious diversity is significantly and negatively...

Cultural diversity - in various forms - has in recent years turned into a prominent and relevant research and policy issue. There is an avalanche of studies across many disciplines that measure and analyse cultural diversity and its impacts. Based on different perspectives and features of the...

We explore the value of diversity for hedge funds. We show that fund management teams with heterogeneous education backgrounds, work experiences, nationalities, genders, and races, outperform homogeneous teams by 5.03% to 8.10% per annum after adjusting for risk. An event study of...

A large body of recent research claims that diversity hinders general trust, but these studies suffer from omitted variables bias by excluding the institutional context of intergroup relations, specifically segregation. This article re-examines the issue by considering how the residential...

We study the importance of linguistic diversity in the workplace for workplace productivity. While cultural diversity might improve productivity through new ideas and innovation, linguistic diversity might increase communication costs and thereby reduce productivity. We apply a new measure of...

In this article, we analyze whether non-native speakers in the classroom affect the educational achievement and social integration of migrant and native students. In contrast to previous studies, which mainly examine the effect of the share of immigrant pupils, we focus on language heterogeneity...

We study the importance of linguistic diversity in the workplace for workplace productivity. While cultural diversity might improve productivity through new ideas and innovation, linguistic diversity might increase communication costs and thereby reduce productivity. We apply a new measure of...