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ERIC Number: ED552408
Record Type: Non-Journal
Publication Date: 2012
Pages: 57
Abstractor: As Provided
Reference Count: N/A
ISBN: 978-1-2679-0600-7
ISSN: N/A
Market Reactions to Publicly Announced Privacy and Security Breaches Suffered by Companies Listed on the United States Stock Exchanges: A Comparative Empirical Investigation
Coronado, Adolfo S.
ProQuest LLC, Ph.D. Dissertation, The University of Texas at El Paso
Using a sample of security and privacy breaches the present research examines the comparative announcement impact between the two types of events. The first part of the dissertation analyzes the impact of publicly announced security and privacy breaches on abnormal stock returns, the change in firm risk, and abnormal trading volume are measured. The second part of the dissertation analyzes differential impact between security and privacy breaches on abnormal stock returns, the change in firm risk, and abnormal trading volume are measured. Using a sample of 114 security (65) and privacy (49) breaches on average, security breaches resulted in more negative abnormal stock returns than do privacy breaches. While firm risk for privacy events does not change appreciably, firms experiencing security events show a significant increase in risk. The risk shifts between the security and privacy breaches is significantly different. Firms that announced a security or privacy breaches experienced abnormal trading volume. [The dissertation citations contained here are published with the permission of ProQuest LLC. Further reproduction is prohibited without permission. Copies of dissertations may be obtained by Telephone (800) 1-800-521-0600. Web page: http://www.proquest.com/en-US/products/dissertations/individuals.shtml.]
ProQuest LLC. 789 East Eisenhower Parkway, P.O. Box 1346, Ann Arbor, MI 48106. Tel: 800-521-0600; Web site: http://www.proquest.com/en-US/products/dissertations/individuals.shtml
Publication Type: Dissertations/Theses - Doctoral Dissertations
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A