NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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What is the Impact of Successful Cyberattacks on Target Firms?

Shinichi Kamiya, Jun-Koo Kang, Jungmin Kim, Andreas Milidonis, René M. Stulz

NBER Working Paper No. 24409
Issued in March 2018, Revised in July 2018

---- Acknowledgments ----

We thank Claudia Biancotti, Andrei Gonçalves, Jan Jindra, Christos Makridis, and seminar participants at Hong Kong Polytechnic University, Kent State University, Korea University, and the SEC for their useful comments. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

---- Disclosure of Financial Relationships for René M. Stulz ----

René Stulz serves on the board of a bank and consults and provides expert testimony for financial institutions. He also belongs to the board of trustees of the Global Association of Risk Professionals.

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