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Diversity Management And Performance: Evidence From Nigerian Multinational Companies

Author

Listed:
  • Samuel Olufemi Omoyele

    (Department of Business Administration and Marketing, Redeemer’s University, Nigeria)

  • Jayeola Olabisi

    (Department of Accounting, Federal University of Agriculture, Abeokuta, Nigeria)

Abstract

This study examines the relationship between diversity management and the performance of Nigerian multinational companies. A single cross-sectional design was adopted for the study and a well-structured questionnaire was administered to 318 randomly chosen senior managers from Mobil Oil, Guinness, Coca-Cola, Nestle, MTN, and Cadbury Plc within Lagos Metropolis. The research instrument was tested for validity and reliability using confirmatory factor analysis and Cronbach’s alpha. The independent variable is diversity management while performance (dependent variable) was measured with Employees' Productivity (EP), Profitability Level (PL), and Employees' Innovativeness (EINV). The data collected were analyzed using Correlation Analysis and Structural Equation Modelling (SEM) factor to determine the relationship between diversity management and performance of Nigerian Multinational Companies. The results revealed a significant and positive relationship between diversity management and the performance of Nigerian multinational companies. The study concluded that diversity management motivates employees to put in their best to achieve a high level of productivity which leads to improved profitability due to employees’ innovativeness. Therefore, the study suggests that multinational companies in Lagos Metropolis should ensure proper management of diversity in the workplace.

Suggested Citation

  • Samuel Olufemi Omoyele & Jayeola Olabisi, 2020. "Diversity Management And Performance: Evidence From Nigerian Multinational Companies," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 18(2), pages 31-44, November.
    • Handle: RePEc:tuz:journl:v:18:y:2020:i:2:p:31-44
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    References listed on IDEAS

    as
    1. Fink, Janet S. & Pastore, Donna L. & Riemer, Harold A., 2003. "Managing Employee Diversity: Perceived Practices and Organisational Outcomes in NCAA Division III Athletic Departments," Sport Management Review, Elsevier, vol. 6(2), pages 147-168, November.
    2. Janet S. Fink & Donna L. Pastore & Harold A. Riemer, 2003. "Managing Employee Diversity: Perceived Practices and Organisational Outcomes in NCAA Division III Athletic Departments," Sport Management Review, Taylor & Francis Journals, vol. 6(2), pages 147-168, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    diversity; productivity; profitability; and innovativeness;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management

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