Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
Series Vol. 3 , 21 March 2023
Open
Access | Article
The effectiveness of information disclosure under cyber attack
* Author to whom correspondence should be addressed.
Abstract
With the global economy increasingly relying on electronic transactions, more and more companies are suffering from network attacks, which have a certain impact on the future development of their enterprises. I use the information of cyber attacks suffered by Listed Companies in the United States from 2005 to 2019 to analyze whether the cyber attacks will have a short-term impact on the stock prices of the companies under attack, and whether effective information disclosure can help the companies to stop the loss effectively to a certain extent. I find that effective information disclosure can help enterprises reduce the negative impact to a certain extent, and when the relevant information reaches a higher degree of openness and transparency, it can help enterprises go through the crisis more smoothly compared to the enterprises less so.
Keywords
cyber-attacks, stock price, Information disclosure
References
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4. Cashell, B., Jackson, W. D., Jickling, M., & Webel, B. The economic impact of cyber-attacks. Congressional research service documents, CRS RL32331 (Washington DC), 2. (2004).
5. Kevin M. Gatzlaff and Kathleen A. McCullough. The Effect of Data Breaches on Shareholder Wealth. Risk Management and Insurance Review 13(1):61-83 (2010).
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7. Tosun, Onur Kemal, Cyber Attacks and Stock Market Activity. (2019)
8. Hogan, Karen M., A Global Comparison of Corporate Value Adjustments to News of Cyber Attacks. Journal of Governance and Regulation 9(2). (2020)
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
- ISBN (Print)
- 978-1-915371-15-7
- ISBN (Online)
- 978-1-915371-16-4
- Published Date
- 21 March 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/3/2022727
- Copyright
- © 2023 The Author(s)
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited