HTML code
<form class="form-inline" (ngSubmit)="HelloCorp(modelName)">
<div class="select">
<select class="form-control col-lg-8" [(ngModel)]="modelName" required>
<option *ngFor="let corporation of corporations" [ngValue]="corporation">
{{corporation.corp_name}}
</option>
</select>
<button type="submit" class="btn btn-primary manage">Submit</button>
</div>
</form>
Component code
HelloCorp(corporation) {
var corporationObj = corporation.value;
}