Risk management, firm reputation, and the impact of successful cyberattacks on target firms

We develop a model where a firm has an optimal exposure to cyber risk. With rational, fully informed agents and with no hysteresis, a successful cyberattack should have no impact on a financially unconstrained target's reputation and post-attack policies. In contrast, when a successful attack i...

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Bibliographic Details
Main Authors: Kamiya, Shinichi, Kang, Jun-Koo, Kim, Jungmin, Milidonis, Andreas, Stulz, René M.
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2021
Subjects:
Online Access:https://hdl.handle.net/10356/152432
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Institution: Nanyang Technological University
Language: English