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dc.contributor.authorBär, Michaelaen_US
dc.contributor.authorNiessen, Alexandraen_US
dc.contributor.authorRuenzi, Stefanen_US
dc.date.accessioned2012-04-30en_US
dc.date.accessioned2012-05-02T15:45:36Z-
dc.date.available2012-05-02T15:45:36Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/57751-
dc.description.abstractThis paper investigates the impact of work group diversity on performance. Analyzing a uniquely large sample of management teams from the U.S. mutual fund industry we find that the influence of diversity on performance depends on the dimension of diversity that is analyzed. Informational diversity has a positive impact on performance, which is driven by tenure diversity as well as educational diversity. Social category diversity has a negative impact on performance, which is mainly driven by gender diversity while age diversity has no strong impact. Our results have important implications for the optimal composition of work groups and for investment strategies of fund investors.en_US
dc.language.isoengen_US
dc.publisherCentre for Financial Research Cologneen_US
dc.relation.ispartofseriesCFR Working Paper 07-16en_US
dc.subject.jelG23en_US
dc.subject.jelJ21en_US
dc.subject.jelL22en_US
dc.subject.ddc330en_US
dc.subject.keywordDiversityen_US
dc.subject.keywordTeamsen_US
dc.subject.keywordGenderen_US
dc.subject.keywordMutual Fundsen_US
dc.subject.keywordPerformanceen_US
dc.titleThe impact of work group diversity on performance: Large sample evidence from the mutual fund industryen_US
dc.typeWorking Paperen_US
dc.identifier.ppn714986003en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:cfrwps:0716-
Appears in Collections:CFR Working Papers, Centre for Financial Research (CFR), Universität Köln

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