Abstract

AbstractIncidents of cyber security breaches are on the rise and pose a potential threat to businesses. Especially for publicly traded firms as they could create a long-lasting influence on their financial performance and, thus, the market value (MV) of a firm. Following the footsteps of the efficient market hypothesis, previous studies have examined only the short-run impact on MV ensuing to security breach announcements. Therefore, this study aims to conceptualize the impact of security breaches on MV as manifested by long-run abnormal returns those firms. The study is expected to provide a meaningful insight to investors and managers on the long-run interconnection between cyber security breaches and firms’ market value.KeywordsEfficient market hypothesesFirms’ market valueLong-run abnormal returnsSecurity breaches

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.