Do Diverse Political Views Increase Team Performance Value?
This study examines team diversity and performance in the asset management industry. Focusing on political ideology as the source of both potential complementarities and conflict in a group, we find diverse teams perform better than 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.
Researchers: Richard B. Evans (University of Virginia), Melissa Prado (Nova SBE), Antonio Rizzo (Nova SBE), Rafael Zambrana (University of Notre Dame)
To access the paper, click here.

Nova SBE Finance Knowledge Center
Nova SBE Finance Knowledge Center is to developed and disseminate state-of-the-art research and knowledge in finance.
Website
No Bully Portugal - Promoting safe school environments without bullying
We are a non-profit association created in 2016 with the vision of building a country without bullying, where all youth feels happy and safe. We train school communities to provide them with the tools to prevent, stop, and resolve bullying, using a methodology that promotes empathy among students.
Learn more
A Firm of One’s Own: Experimental Evidence on Credit Constraints and Occupational Choice
RESEARCH SEMINAR | Under the the theme Economic Development in Africa, the NOVAFRICA Knowledge Center welcomes Pamela Jakiela from Williams College to present her work on credit constraints, targeting young women in three of Nairobi's poorest neighborhoods.
Learn more
Where to focus
As we adjust to remote working, how do we move from turbulence and stand-by, and start re-focusing our teams and organizations on the future?
Learn more