Personal traits of CEOs and cybersecurity-related disclosure

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation Pub Date : 2025-01-15 DOI:10.1016/j.intaccaudtax.2025.100680

Vu Quang Trinh , Marwa Elnahass , Fotios Pasiouras

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Abstract

Cybersecurity attacks represent a pressing corporate risk that has shaped contemporary practice worldwide. Motivated by the increased frequency of cyberattacks experienced by corporations around the world, we examine the effect of a CEO’s personal traits (i.e., qualifications, directorships, marital status, tenure, and age) on both the propensity and the level of cybersecurity-related disclosures. Using a sample of publicly traded U.S. firms during 2002–2020, we find the following results. Firms led by CEOs who have PhDs are likely to disclose less cybersecurity information, but firms led by CEOs who serve as directors of multiple firms show higher levels of disclosure. Furthermore, longer-tenured CEOs tend to disclose less, whereas married and older CEOs disclose more. Our findings suggest that the personal traits of managers are fundamental in explaining firms’ discrepant cybersecurity disclosure practices. The results offer new insights and have important implications for national regulators across the world, international accounting bodies, and investors. They also suggest directions for future studies of strategic responses to institutional pressures and firms’ cybersecurity policies and controls.

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ceo个人特征与网络安全相关信息披露

网络安全攻击代表了一种紧迫的企业风险，影响了当今世界的实践。由于全球企业遭受网络攻击的频率日益增加，我们研究了首席执行官的个人特征（即资格、董事职位、婚姻状况、任期和年龄）对网络安全相关信息披露倾向和水平的影响。以2002-2020年的美国上市公司为样本，我们发现了以下结果：拥有博士学位的ceo领导的公司披露的网络安全信息可能较少，但担任多家公司董事的ceo领导的公司披露的信息水平更高。此外，任期较长的ceo往往披露得较少，而已婚和年长的ceo披露得更多。我们的研究结果表明，管理人员的个人特征是解释公司网络安全披露实践差异的根本原因。研究结果为世界各地的国家监管机构、国际会计机构和投资者提供了新的见解，并具有重要意义。他们还为未来研究机构压力和企业网络安全政策和控制的战略反应提出了方向。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Accounting Auditing and Taxation BUSINESS, FINANCE-

CiteScore

4.50

自引率

3.80%

发文量

期刊介绍： The Journal of International Accounting, Auditing and Taxation publishes articles which deal with most areas of international accounting including auditing, taxation and management accounting. The journal''s goal is to bridge the gap between academic researchers and practitioners by publishing papers that are relevant to the development of the field of accounting. Submissions are expected to make a contribution to the accounting literature, including as appropriate the international accounting literature typically found in JIAAT and other primary US-based international accounting journals as well as in leading European accounting journals. Applied research findings, critiques of current accounting practices and the measurement of their effects on business decisions, general purpose solutions to problems through models, and essays on world affairs which affect accounting practice are all within the scope of the journal.