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Physical Sciences and Mathematics Commons

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Databases and Information Systems

Open Access Theses & Dissertations

2012

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Full-Text Articles in Physical Sciences and Mathematics

Market Reactions To Publicly Announced Privacy And Security Breaches Suffered By Companies Listed On The United States Stock Exchanges: A Comparative Empirical Investigation, Adolfo S. Coronado Jan 2012

Market Reactions To Publicly Announced Privacy And Security Breaches Suffered By Companies Listed On The United States Stock Exchanges: A Comparative Empirical Investigation, Adolfo S. Coronado

Open Access Theses & Dissertations

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 …