Does firm diversity-enhancement program bundle matter? Firm performance dimensions, employee ownership program, and environmental technological opportunity

Wai Kin Leung, Fiona Kun Yao*, Yaping Gong, Song Chang

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

Abstract

Research on diversity programs provides inconclusive knowledge regarding their effect on firm performance. In this study, we build on the Ability-Motivation-Opportunity framework to examine the relationship between firm diversity-enhancement program bundle and firm performance. Based on a dataset covering 2,794 U.S. publicly listed firms over 15 years, we find support for our hypothesis that firm diversity-enhancement program bundle results in a greater pay-off when it is coupled with a stronger employee ownership program at the firm level or a greater technological opportunity at the industry level. Furthermore, the pay-off is greatest when a firm’s diversity-enhancement program bundle, its employee ownership program, and its environmental technological opportunity are all high. Overall, our study provides nuanced theoretical and empirical accounts regarding a firm’s integrated diversity-enhancement efforts. It also provides novel managerial implications regarding when firms can reap the most benefit from their integrated diversity-enhancement efforts.

Original languageEnglish
JournalInternational Journal of Human Resource Management
DOIs
Publication statusE-pub ahead of print - 12 Jul 2022

Scopus Subject Areas

  • Business and International Management
  • Industrial relations
  • Strategy and Management
  • Organizational Behavior and Human Resource Management
  • Management of Technology and Innovation

User-Defined Keywords

  • Ability-motivation-opportunity approach
  • firm diversity-enhancement program bundle
  • firm performance

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