Business Commons^™

The Impact Of Corporate Governance On Organizational Citizenship Behavior In Jordanian Insurance Companies, Sanaa Al-Awamleh, Shaker Al-Khashali

Jordan Journal of Applied Science-Humanities Series

This study aimed to identify the impact of corporate governance on the organizational citizenship behavior of Jordanian insurance companies. The study was based on five institutional governance dimensions, which are: Disclosure, Justice, Responsibility, Independence, and Accountability. Along with five organizational citizenship behavior dimensions: Altruism, Courtesy, Sportsmanship, Conscientious and Civic virtue.

The study population reached (403) managers in the upper and middle administrative positions in the Jordanian insurance companies. A random stratified sample method was adopted for the purposes of representing the study population. (191) were distributed and (156) questionnaires were retrieved. The researchers also used a few statistical methods to …

Retail Investors And Corporate Governance: Evidence From Zero-Commission Trading, Dhruv Aggarwal, Albert H. Choi, Yoon-Ho Alex Lee

Law & Economics Working Papers

We examine the effects of the sudden abolition of trading commissions by major online brokerages in 2019, which lowered stock market entry costs for retail investors, on corporate governance. Firms already popular with retail investors experienced positive abnormal returns around the abolition of commissions. Firms with positive abnormal returns in response to commission-free trading subsequently saw a decrease in institutional ownership, a decrease in shareholder voting, and a deterioration in environmental, social, and corporate governance (ESG) metrics. Finally, these firms were more likely to adopt bylaw amendments to reduce the percentage of shares needed for a quorum at shareholder meetings. …

The Corporation In An Age Of Divisiveness, Peer Zumbansen

University of Pennsylvania Journal of Business Law

The debate around the public purpose of the corporation is not a new one. But it has flared up again recently due to widespread critique of deepening socio-economic inequality, corporate inequities regarding gender and race and the seeming inability of governments and businesses alike to adequately address the catastrophic impact of climate change. As the corporation holds a firmly established place in the universe of economic and financial affairs, it – like the markets in which it operates – is is typically depicted as a private affair. Any regulation of the corporation, thus, tends to be critiqued as an unjustified …