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- W170295983 abstract "In 1996 Congress passed the Economic Espionage Act (EEA). One of the concerns surrounding the passage of the EEA was that publicly traded companies would be hesitant to report trade secret theft to the government for fear that doing so would adversely impact their stock prices. This article investigates whether that concern has merit. Using event study methodology, we found that the market does, in fact, negatively react to the reporting of trade secret theft under the EEA. Stated differently, these companies are revictimized by going public with their loss. Further, we found a strong statistical link between the value of the trade secret and subsequent decreases in stock value (i.e., the higher the value of the trade secret the greater the decrease in stock price). These findings have important implications regarding the efficacy of the EEA and future amendments. They also have important implications for corporate legal counsel, CEOs, managers, and shareholders." @default.
- W170295983 created "2016-06-24" @default.
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- W170295983 date "2002-01-01" @default.
- W170295983 modified "2023-09-27" @default.
- W170295983 title "The Revictimization of Companies by the Stock Market Who Report Trade Secret Theft Under the Economic Espionage Act" @default.
- W170295983 doi "https://doi.org/10.2139/ssrn.299436" @default.
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