This research investigates 202 data breach events occurring between 2015 and 2019 and the related financial effects on the USA's impacted private firms. From examining previous research, it is obvious that no known studies evaluate the financial impacts of cybercrimes on private firms. Prior studies mostly focus on public firms and stock market reactions even though there is the increasing number of cyberattacks on private firms too. This study seeks to fill the gap by providing the empirical evidence of the impacts on those firms' cash holding after experiencing a cybersecurity attack. Overall, the results of this research show if the private firms that have been cyberattacked face the connate aftermath and follow the similar precautions as public firms with data breaches or not. I find that the firms that experienced an attack two years ago increase their cash holdings significantly, while an attack that happened a year ago can only impact cash holdings while interacting with tangibility and ROA of a firm. These results are essential as the private firms draw up a budget and reform strategies for coping with cyber incidents.
| Identifer | oai:union.ndltd.org:uottawa.ca/oai:ruor.uottawa.ca:10393/41924 |
| Date | 25 March 2021 |
| Creators | Gadirova, Nurlana |
| Contributors | Saadi, Samir |
| Publisher | Université d'Ottawa / University of Ottawa |
| Source Sets | Université d’Ottawa |
| Language | English |
| Detected Language | English |
| Type | Thesis |
| Format | application/pdf |
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