Investigate the Impact of Employee Diversity on Resilience of External Crises: Evidence from A-share Listed Company

Resilience has emerged as a crucial measure of company’s ability to withstand challenges in the current complex business environment. However, prior research indicates that employee diversity may not consistently lead positive impact on corporate resilience. This paper investigates resilience face various external crises by examining performance Chinese listed companies during 20-year period following their accession World Trade Organization. Employee is operationalized this study changes number employees non-core departments, while represented fluctuation stock price minus industry range fluctuation. Employing fixed-effect model analyze panel data, we find an increase does always improved crises. The purpose examine relationship between and different shocks explore why fail enhance such circumstances.