Cybersecurity risk and bank risk-taking

IF 4.3 2区经济学 Q1 BUSINESS, FINANCE

Journal of Behavioral and Experimental Finance Pub Date : 2025-07-04 DOI:10.1016/j.jbef.2025.101080

Zunaidah Sulong , Md. Habibur Rahman Fuszder , Mohammad Abdullah , Emmanuel Joel Aikins Abakah

引用次数: 0

Abstract

This paper investigates the influence of cybersecurity risk on banks’ risk-taking behavior. Utilizing data from U.S. banks spanning 1998–2018, we find that heightened cybersecurity risk is associated with increased risk-taking by banks. These findings remain robust across various alternative proxies and persist even after addressing endogeneity issues. Further analysis indicates that this positive relationship is more pronounced among banks facing greater competitive pressure, higher IT investment, increased deposit withdrawals, and more negative disclosure sentiment. Conversely, the relationship is attenuated in banks with substantial goodwill and a more positive disclosure tone. Sub-sample analyses show that the effect is particularly strong for smaller banks and those with elevated financial vulnerability. These findings have important implications for the digital transformation of the banking sector.

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网络安全风险与银行风险承担

本文研究了网络安全风险对银行风险承担行为的影响。利用1998年至2018年美国银行的数据，我们发现网络安全风险的加剧与银行承担风险的增加有关。这些发现在各种替代代理中仍然很强大，即使在解决了内生性问题之后仍然存在。进一步的分析表明，在面临更大的竞争压力、更高的IT投资、更多的存款取款和更多的负面披露情绪的银行中，这种正相关关系更为明显。相反，在拥有大量商誉和更积极的披露基调的银行中，这种关系减弱。子样本分析显示，这种影响对规模较小的银行和金融脆弱性较高的银行尤为明显。这些发现对银行业的数字化转型具有重要意义。

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 Behavioral and Experimental Finance BUSINESS, FINANCE-

CiteScore

13.20

自引率

6.10%

发文量

审稿时长

69 days

期刊介绍： Behavioral and Experimental Finance represent lenses and approaches through which we can view financial decision-making. The aim of the journal is to publish high quality research in all fields of finance, where such research is carried out with a behavioral perspective and / or is carried out via experimental methods. It is open to but not limited to papers which cover investigations of biases, the role of various neurological markers in financial decision making, national and organizational culture as it impacts financial decision making, sentiment and asset pricing, the design and implementation of experiments to investigate financial decision making and trading, methodological experiments, and natural experiments. Journal of Behavioral and Experimental Finance welcomes full-length and short letter papers in the area of behavioral finance and experimental finance. The focus is on rapid dissemination of high-impact research in these areas.