Data breaches and corporate liquidity management

Kwabena Antwi Boasiako · Michael O’Connor Keefe

72 citations0/0 files storedEuropean Financial Management

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Corporate Finance and Governance Banking stability, regulation, efficiency Working Capital and Financial Performance

Abstract

Abstract This paper investigates the effects of data breach disclosure laws and the subsequent disclosure of data breaches on the cash policies of corporations in the United States. Exploiting a series of natural experiments regarding staggered state‐level data breach disclosure laws, we find that the passage of mandatory disclosure laws leads to an increase in cash holdings. Our finding suggests that mandatory data breach disclosure laws increase the risks related to data breaches. Further, we find firms that suffer data breaches adjust their financial policies by holding more cash as well as decreasing external finance and investment.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 72 citations exist upstream.

References

1997Industry costs of equity 1999The determinants and implications of corporate cash holdings 2004The Cash Flow Sensitivity of Cash 2010Big Bad Banks? The Winners and Losers from Bank Deregulation in the United States 2009Why Do U.S. Firms Hold So Much More Cash than They Used To?2005Payout policy in the 21st century 2007Determinants of weaknesses in internal control over financial reporting 2014Does banking competition affect innovation?

Cited by

2023Does cybersecurity risk stifle corporate innovation activities?2020Cash Holdings and Corporate Investment: Evidence from COVID-19

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.