Matches in SemOpenAlex for { <https://semopenalex.org/work/W4323348570> ?p ?o ?g. }
- W4323348570 abstract "Despite the increasing consensus that socially responsible behavior can act as insurance against externally induced shocks, supporting evidence remains somewhat inconsistent. Our study provides a clear demonstration of the insurance-like properties of corporate social responsibility (CSR) in preserving corporate financial performance (CFP), in the event of a data (cyber) breach. Exploring a sample of 230 breached firms, we find that data breaches lead to significantly negative CFP outcomes for low CSR firms, with the dynamic being particularly pronounced in consumer-sensitive industries. Further, we show that firms increase their CSR activities in the aftermath of a breach to recover lost goodwill and regain stakeholder trust. Overall, our results support the use of CSR as a strategic risk-mitigation tool that can curtail the consequences of data breaches, particularly for firms operating in consumer-centric environments." @default.
- W4323348570 created "2023-03-08" @default.
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- W4323348570 date "2023-03-07" @default.
- W4323348570 modified "2023-10-13" @default.
- W4323348570 title "Are the good spared? Corporate social responsibility as insurance against cyber security incidents" @default.
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- W4323348570 doi "https://doi.org/10.1111/risa.14122" @default.
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