Management
Research insight
INVITED EDITOR
Editorial from
Ilya Okhmatovskiy, Nova School of Business and Economics, and Donghoon Shin, College of Business and Economics, University of Winsconsin
July 16, 2024
16. Peace, justice and strong institutions

16. Peace, justice and strong institutions

Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.
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Changing corporate governance in response to negative media reports

We study how organizations change their corporate governance in response to negative publicity in the media.

We study how organizations change their corporate governance in response to negative publicity in the media. We build on insights from the literature on interpersonal trust to theorize how organizations respond to different types of trust-damaging information. We suggest that organizations are likely to replace key individuals involved in the corporate governance process when trust-damaging information provides evidence of low integrity. In contrast, organizations are likely to make changes in how the governance process is organized when trust-damaging information provides evidence of low benevolence. We test our hypotheses by using data on publicly traded Korean firms from 2006 to 2013. Our results provide general support for our argument about corporate governance changes that organizations initiate in response to different types of trust-damaging information. We also explore how foreign ownership and state ownership moderate organizational responses to trust-damaging information.

Published in British Journal of Management.

This content was originally published in Novafrica org.

Ilya Okhmatovskiy, Nova School of Business and Economics, and Donghoon Shin, College of Business and Economics, University of Winsconsin
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