| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14305 |
| DP14305 Identity, Diversity, and Team Performance: Evidence from U.S. Mutual Funds | |
| Richard B. Evans; Melissa Prado; Rafael Zambrana | |
| 发表日期 | 2020-01-13 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We examine team diversity and performance in the asset management industry through the lens of identity. Focusing on political ideology as the relevant dimension of identity, we find that diverse teams outperform homogeneous teams. The mechanism involves both improved decision-making due to more diverse perspectives and increased monitoring by heterogeneous team members. The benefits of ideological diversity are undone when political polarization is higher, consistent with increased intra-team conflict. In examining why less diverse teams are prevalent in asset management, we find entrenched managers prefer homogeneous teams, and the local labor market supply of ideologically diverse managers is constrained. |
| 主题 | Financial Economics |
| 关键词 | mutual fund Teams Dispersion in beliefs Diversity Labor incentives Political ideology Campaign contributions Polarization Pacs |
| URL | https://cepr.org/publications/dp14305-1 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543196 |
| 推荐引用方式 GB/T 7714 | Richard B. Evans,Melissa Prado,Rafael Zambrana. DP14305 Identity, Diversity, and Team Performance: Evidence from U.S. Mutual Funds. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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