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STOCK PRICE CRASH RISK AND CYBERSECURITY EXPOSURE

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dc.contributor.author Token, Akmaral
dc.date.accessioned 2023-12-27T06:00:01Z
dc.date.available 2023-12-27T06:00:01Z
dc.date.issued 2022-12-14
dc.identifier.citation Token, A. (2022). Stock price crash risk and cybersecurity exposure. Nazarbayev University, Graduate School of Business en_US
dc.identifier.uri http://nur.nu.edu.kz/handle/123456789/7559
dc.description.abstract Prior literature attributes stock price crash risk to managers hiding or personally absorbing firm-specific negative information from investors. Managers hide information in the 10-K reports which lead to stock price crashes once that information is made public. This paper studies the impact of the cybersecurity disclosure in the annual financial report on the stock price crash risk. The analyzed data covers the period from 2000 to 2021. A firm-level measure of cybersecurity risk is then added to the regression model. Following Kim et al. (2019), we document that a strong association between cybersecurity risk and crash risk exists. en_US
dc.language.iso en en_US
dc.publisher Nazarbayev University, Graduate School of Business en_US
dc.rights Attribution-NonCommercial-NoDerivs 3.0 United States *
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/us/ *
dc.subject Type of access: Restricted en_US
dc.subject stock price en_US
dc.subject crash risk en_US
dc.subject cybersecurity en_US
dc.title STOCK PRICE CRASH RISK AND CYBERSECURITY EXPOSURE en_US
dc.type Master's thesis en_US
workflow.import.source science


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Attribution-NonCommercial-NoDerivs 3.0 United States Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 United States