In cooperation with Ewing, Bradley T. / Hoffman, Jim
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Volume 8 (2013)
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Volume 6 (2011)
Volume 5 (2010)
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Most Downloaded Articles
- Valuation of Cash Flows with Time-Varying Cessation Risk by Saha, Atanu and Malkiel, Burton G.
- Computing Lost Profits in Business Interruption Litigation: A General Model by Stephenson, Stanley/ Macpherson, David A. and Prakash-Canjels, Gauri
- Approximate Firm Valuation with Operating Leases by Jennergren, L. Peter
- Fundamentals of Functional Business Valuation by Matschke, Manfred Jürgen/ Brösel, Gerrit and Matschke, Xenia
- Business Valuation Basics for Attorneys by Dukes, William P.
Security Breaches and Firm Value
Citation Information: Journal of Business Valuation and Economic Loss Analysis. Volume 5, Issue 1, Pages –, ISSN (Online) 1932-9156, DOI: 10.2202/1932-9156.1081, April 2010
- Published Online:
Security breaches may be a normal risk of doing business, or they may result in economic losses and changes in business valuation. A small number of studies outside the finance literature find mixed results regarding the economic impact of security breaches. In this paper, we examine a large sample to determine whether breaches result in significant economic losses and whether the announcement venue has an impact on business valuation. We find a negative and significant impact on firm value when the breach is announced in one of four major news outlets. When the announcement is elsewhere, the impact is minimal.