The empirical evidence on the economic impacts of diversity is mixed. Many studies in the literature present context dependent and data driven results which are challenging to reconcile with each other. This paper offers a systematic synthesis of the empirical findings on the economic impacts of...

Despite efforts to integrate refugee children into host country education systems, their low school attachment remains a major policy challenge. Teachers play a key role in keeping students attached to school, yet classroom diversity poses difficulties for teachers who are not always adequately...

We study the role of diversity and performance in entrepreneurial teams. We exploit a unique dataset of MBA students who participated in a required course to propose and start a real micro-business that allows us to examine horizontal diversity (i.e., within the team) as well as vertical...

In December 2020, Nasdaq asked the Securities and Exchange Commission (SEC) to approve a new rule requiring most Nasdaq-listed companies to have at least one director self-identifying as a woman and another self-identifying as an underrepresented minority or LGBTQ+ or explain why not in their...

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...

We explore the role of foreign directors in mitigating the effects of supply chain disruptions caused by economic policy uncertainty (EPU) spikes in their home countries. Using a large sample of global supply chain relationships of US manufacturing firms, we show that the likelihood of a US...

Religious divisions have long played a primary role in major conflicts throughout much of the world. Intergroup contact may increase trust between members of different religions. However, evidence on how inter-religious contact affects individuals' behavior towards one another is scarce. We...

The economics profession lacks gender and racial diversity, so interventions at the graduate and professional level have been introduced to minimize the effect of the “leaky pipeline.” Since economic educators lack training in classroom management and student interaction skills, I present...

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 role of race and ethnicity in the investment decisions of mutual fund managers and investors. Funds managed by white-dominant teams allocate larger portfolio weights to firms led by white CEOs compared to funds managed by minority-dominant teams. Nevertheless, white-dominant fund...