Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 820-844 |
| Number of pages | 25 |
| Journal | Journal of Management |
| Volume | 40 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Mar 2014 |
| Externally published | Yes |
Keywords
- competitive dynamics
- competitive intensity
- firm performance
- moderated mediation
- racial diversity
ASJC Scopus subject areas
- Finance
- Strategy and Management