Description
Using a sample of S&P 1500 firms from 2005-2013, we investigate the independent relationships of Chief Executive Officer (CEO) IT expertise, Chief Financial Officer (CFO) IT expertise, and board level technology committees with data security breaches. Overall, our results indicate that firms that either employ a CEO with IT expertise or implement a technology committee are more likely to detect and report breaches. Further, firms that employ a CFO with IT expertise are less likely to report a breach, suggesting that these firms are better at preventing breaches. The aggregate findings build on the extant corporate governance and risk management literatures.
Recommended Citation
Haislip, Jacob; Lim, Jee-Hae; and Pinsker, Rob, "Do the Roles of the CEO and CFO Differ when it comes to Data Security Breaches?" (2017). AMCIS 2017 Proceedings. 1.
https://aisel.aisnet.org/amcis2017/AccountingIS/Presentations/1
Do the Roles of the CEO and CFO Differ when it comes to Data Security Breaches?
Using a sample of S&P 1500 firms from 2005-2013, we investigate the independent relationships of Chief Executive Officer (CEO) IT expertise, Chief Financial Officer (CFO) IT expertise, and board level technology committees with data security breaches. Overall, our results indicate that firms that either employ a CEO with IT expertise or implement a technology committee are more likely to detect and report breaches. Further, firms that employ a CFO with IT expertise are less likely to report a breach, suggesting that these firms are better at preventing breaches. The aggregate findings build on the extant corporate governance and risk management literatures.