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dc.contributor.authorMorse, Edward A.
dc.contributor.authorRaval, Vasant
dc.contributor.authorWingender, John R., Jr.
dc.date.accessioned2018-01-17T21:25:48Z
dc.date.available2018-01-17T21:25:48Z
dc.date.issued2017
dc.identifier.citationEdward A. Morse, Vasant Raval, and John R. Wingender, Jr., SEC Cybersecurity Guidelines: Insights into the Utility of Risk Factor Disclosures for Investors, 73 Bus. Law. 1 (2017-2018).en_US
dc.identifier.urihttp://hdl.handle.net/10504/115767
dc.description.abstractIn October 2011, the SEC issued new guidelines for disclosure of cybersecurity risks. Some firms responded to these guidelines by issuing new risk factor disclosures. This paper examines the guidelines and cybersecurity disclosures in the context of existing laws governing securities regulation. It then examines empirical results from firm disclosures following the new guidelines. Evidence shows a relatively small proportion of firms chose to modify their risk factor disclosures, with most firms choosing not to disclose any specific cybersecurity risk. Moreover, disclosing firms generally experienced significant negative stock market price effects on account of new disclosures. Rather than viewing disclosure a positive signal of management attentiveness, investors apparently viewed it as a cautionary sign.
dc.titleSEC cybersecurity guidelines: Insights into the utility of risk factor disclosures for investorsen_US
dc.typeJournal Articleen_US
dc.description.volume73en_US
dc.title.workBusiness Lawyeren_US
dc.description.pages1-34en_US
dc.subject.fastInternet--Security measures
dc.subject.fastUnited States. Securities and Exchange Commission
dc.subject.fastDisclosure of information
dc.subject.fastRisk assessment
dc.url.fasthttp://id.worldcat.org/fast/1751426
dc.url.fasthttp://id.worldcat.org/fast/528527
dc.url.fasthttp://id.worldcat.org/fast/894870
dc.url.fasthttp://id.worldcat.org/fast/1098146
dc.date.year2017en_US
dc.date.monthWinteren_US
dc.description.issue1en_US
dc.program.unitSchool of Lawen_US
dc.program.unitHeider College of Businessen_US
dc.program.unitAccountingen_US
dc.program.unitCollege of Business Administrationen_US
dc.program.unitEconomics and Financeen_US
dc.url.link3https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2711439
dc.url.link1http://heinonline.org/HOL/Page?public=false&handle=hein.journals/busl73&page=1&collection=journals
dc.contributor.cuauthorMorse, Edward A.
dc.contributor.cuauthorVasant, Raval
dc.contributor.cuauthorWingender, John R., Jr.
dc.identifier.viafhttp://viaf.org/viaf/119926229
dc.identifier.isnihttp://isni.org/isni/0000000110079769
dc.identifier.wcihttp://www.worldcat.org/identities/lccn-n2006065427/
dc.identifier.ssrnhttp://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=228554


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