The Impact of Corporate Cultural Behaviour on Common Stock Return: Some Implications for Corporate Governance

Abstract

This paper examines the relationship between common stock return and corporate cultural behaviour of twenty listed firms from Shanghai Stock Exchange. The particular research questions of this study include: whether corporate cultural behaviour impacts common stock returns and under what conditions it impacts shareholder expectations and corporate governance.

Investigating the Impact of Organizational Culture and Corporate Governance on Sustainability Performance with Strategic Posture as Mediating Variable

“…The definition of a hypothesis may be defined as the rational assumption of the relation between two or more variables specified in a test statement (Sekaran et al, 2016). Therefore, this work splits the hypothesis into two groups: null and alternative hypothesis.…”

“…Typically, the null hypothesis (H0) cannot be represented as a meaningful relationship between the independent and dependent variables. (Ha) Indicates that the relationship between an independent and dependent variable is important (Sekaran & Bougie, 2016). On the basis of the study's theoretical framework, to help create a more fine-tuned approach to the management of social and environmental problems, this study uses the crisis management model as a feature of the match between the corporate culture and the range of responses available to the business.…”