Examination of Cybercrime and Its Effects on Corporate Stock Value
Journal of Information, Communication & Ethics in Society, 2019, 17(1), 42-60
35 Pages Posted: 12 Oct 2021
Date Written: 2019
Cybercrime is a prevalent and serious threat to publicly traded companies. Defending company information systems from cybercrime is one of the most important aspects of technology management. Cybercrime often results in stolen assets and lost business, but also damages a company’s reputation, which in turn may affect the company's stock market value. This is a serious concern to company managers, financial analysts, investors, and creditors. This paper examines the impact of cybercrime on stock prices of a sample of publicly traded companies. Stock prices were negatively affected in all time-periods examined, significantly so in one period.
Keywords: Cybercrime, Computer security, Computer ethics, Financial information, Business ethics, Stock value
JEL Classification: M15, M31, M41
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