Data Driven Insights 10: How Can a #Leader Create #Inclusive & #Diverse #Workplace #Culture?

In a recent research project, we propose a new framework of Leadership as a Medium of #Corporate #Social #Identity (LaaM-CSI) linking cultural values at a state level with corporate diversity and inclusivity. In this framework, leadership, through communication of cultural values, increases the salience of these values at a corporate level, increasing the corporate social responsibility, especially in the domain of promoting diversity and inclusivity. Proposed framework is tested using a combination of econometric analysis and a natural experiment. Focusing on companies leading on #diversity and #inclusivity in 2018 and 2019, we first identify #cultural #values important for diversity and inclusivity and find that corporate leaders in diversity and inclusivity tend to have headquarters in states where #egalitarianism is an important value orientation. Furthermore, the #topicrecognition exercise conducted using these companies’ mission statements revealed that many of the leading diversity and inclusion companies focus on public good provision egalitarianism salience rather than “diversity” or “inclusivity” salience. We then compare the annual CEO statements of top 100 companies with diverse and inclusive social identities between 2018 and 2019 and, using the supervised topic recognition exercise fuelled by #machinelearning, establish how the change in translated values affect the companies’ standing in the diversity and inclusivity ranking. Increase in the #salience of #egalitarianism and #publicgood provision egalitarianism values is associated with the higher propensity to become a global corporate diversity and inclusivity #business leader.

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