Abstract
The Influence of CEO and Board Information Technology Expertise on Large Firms’ Risk of Cyberattack
Academy of Management Annual Meeting Proceedings, Vol.2023(1)
08/2023
DOI: 10.5465/AMPROC.2023.14483abstract
Abstract
Abstract only
Cybersecurity is an increasing concern for executives and boards of directors. Cyberattacks represent breaches of information security systems leading to the exposure, damage, or loss of vital organizational data. The risk of such attacks is especially high for large corporations, as they are attractive targets for hackers. In this study, we examine the role of CEOs and boards in the context of information technology (IT) governance. In particular, we integrate research on managerial expertise and board IT governance to theoretically expand the roles of CEOs and boards as cybersecurity safeguards. We focus on firm size as a risk factor associated with the likelihood of experiencing a cyberattack and then examine the moderating roles of CEOs with IT functional experience and interlock ties to firms from technology-based industries. Testing our hypotheses on a sample of Fortune 500 firms from 2010 to 2019, we find that large firms are more likely to experience cyberattacks, but this likelihood is reduced when the CEO has IT experience and the board is interlocked with firms from IT-based industries.
Details
- Title: Subtitle
- The Influence of CEO and Board Information Technology Expertise on Large Firms’ Risk of Cyberattack
- Creators
- Chi Hon Li - Tilburg UniversityRyan Adam Krause - Texas Christian UniversityMichael C. Withers - Mitchell Institute
- Resource Type
- Abstract
- Publication Details
- Academy of Management Annual Meeting Proceedings, Vol.2023(1)
- DOI
- 10.5465/AMPROC.2023.14483abstract
- eISSN
- 2151-6561
- Language
- English
- Date published
- 08/2023
- Academic Unit
- Management and Entrepreneurship
- Record Identifier
- 9984937786802771
Metrics
3 Record Views