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Article: Ethnicity diversity and interstate investments
| Title | Ethnicity diversity and interstate investments |
|---|---|
| Authors | |
| Issue Date | 9-May-2025 |
| Publisher | Cambridge University Press |
| Citation | Journal of Financial and Quantitative Analysis, 2025 How to Cite? |
| Abstract | We document that firms prefer counties with higher ethnic diversity in locating their interstate investments, especially for those pursuing innovation, seeking to establish service centers, or capable of managing a diverse workforce. We also find some evidence that interstate investment in high ethnic diversity locations results in increased patent applications, sales growth, positive media coverage, and overall operating performance. Taken together, we show that firms prefer to invest in ethnically diverse locations as they recognize the potential benefits of leveraging a diverse labor supply such as enhancing problem-solving, innovation, and performance. |
| Persistent Identifier | http://hdl.handle.net/10722/358778 |
| ISSN | 2023 Impact Factor: 3.7 2023 SCImago Journal Rankings: 3.980 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Mao, Ying | - |
| dc.contributor.author | Wang, Zheng | - |
| dc.contributor.author | Zou, Hong | - |
| dc.date.accessioned | 2025-08-13T07:47:58Z | - |
| dc.date.available | 2025-08-13T07:47:58Z | - |
| dc.date.issued | 2025-05-09 | - |
| dc.identifier.citation | Journal of Financial and Quantitative Analysis, 2025 | - |
| dc.identifier.issn | 0022-1090 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/358778 | - |
| dc.description.abstract | <p>We document that firms prefer counties with higher ethnic diversity in locating their interstate investments, especially for those pursuing innovation, seeking to establish service centers, or capable of managing a diverse workforce. We also find some evidence that interstate investment in high ethnic diversity locations results in increased patent applications, sales growth, positive media coverage, and overall operating performance. Taken together, we show that firms prefer to invest in ethnically diverse locations as they recognize the potential benefits of leveraging a diverse labor supply such as enhancing problem-solving, innovation, and performance.<br></p> | - |
| dc.language | eng | - |
| dc.publisher | Cambridge University Press | - |
| dc.relation.ispartof | Journal of Financial and Quantitative Analysis | - |
| dc.title | Ethnicity diversity and interstate investments | - |
| dc.type | Article | - |
| dc.identifier.eissn | 1756-6916 | - |
| dc.identifier.issnl | 0022-1090 | - |