Ellis, Kimberly; Keys, Phyllis - In: Review of Quantitative Finance and Accounting 44 (2015) 2, pp. 191-212
Our study examines the effects of the racial diversity of a firm’s workforce on shareholder value. We show that the … shareholder value. Also, research expenditures, is an important driver of shareholder value in diverse firms. Moreover, workforce … heterogeneity is more essential to creating shareholder value in service firms where there is more direct interaction with end …