IDEAS home Printed from https://ideas.repec.org/p/dar/wpaper/136463.html

Regulation of Data Breach Publication: The Case of US Healthcare and the HITECH Act

Author

Listed:
  • Bohn, Lorenz
  • Schiereck, Dirk

Abstract

Data breaches continue to plague most industries but especially the healthcare sector. While previous studies have aimed at assessing the financial implications arising from data breaches, none of them focused on the healthcare sector. This study of market reactions following data breaches fills that gap. Federal disclosure requirements of data breaches within the healthcare sector allow for our comprehensive study. Using multivariate regression analysis, our findings show the high specificity with which investors react to the announcement of data breaches.

Suggested Citation

  • Bohn, Lorenz & Schiereck, Dirk, 2022. "Regulation of Data Breach Publication: The Case of US Healthcare and the HITECH Act," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 136463, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    • Handle: RePEc:dar:wpaper:136463
    Note: for complete metadata visit http://tubiblio.ulb.tu-darmstadt.de/136463/
    as

    Download full text from publisher

    File URL: https://link.springer.com/article/10.1007/s12197-022-09607-6
    Download Restriction: no
    File URL: https://tuprints.ulb.tu-darmstadt.de/28439
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Kevin M. Gatzlaff & Kathleen A. McCullough, 2010. "The Effect of Data Breaches on Shareholder Wealth," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 13(1), pages 61-83, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kuo-Chung Chang & Yu-Kai Gao & Shih-Cheng Lee, 2020. "The Effect of Data Theft on a Firm’s Short-Term and Long-Term Market Value," Mathematics, MDPI, vol. 8(5), pages 1-21, May.
    2. Cao, Hung & Phan, Hieu V. & Silveri, Sabatino, 2024. "Data breach disclosures and stock price crash risk: Evidence from data breach notification laws," International Review of Financial Analysis, Elsevier, vol. 93(C).
    3. Xinran Wang & Jiaju Yan & Timothy P. Munyon & T. Russell Crook, 2025. "Breached But Not Broken: How Attributional Information Shapes Shareholder Reactions to Firms Following Data Breaches," Corporate Reputation Review, Palgrave Macmillan, vol. 28(1), pages 71-92, February.
    4. Michael McShane & Trung Nguyen, 0. "Time-varying effects of cyberattacks on firm value," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 0, pages 1-36.
    5. Benaroch, Michel & Chernobai, Anna & Goldstein, James, 2012. "An internal control perspective on the market value consequences of IT operational risk events," International Journal of Accounting Information Systems, Elsevier, vol. 13(4), pages 357-381.
    6. Michael McShane & Trung Nguyen, 2020. "Time-varying effects of cyberattacks on firm value," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 45(4), pages 580-615, October.
    7. Strauss, Tal, 2026. "Cyber Risk, Regulation, and Firm Resilience," Other publications TiSEM efb58ae1-e7b6-41dc-b403-2, Tilburg University, School of Economics and Management.
    8. Kristin Masuch & Maike Greve & Simon Trang, 2021. "What to do after a data breach? Examining apology and compensation as response strategies for health service providers," Electronic Markets, Springer;IIM University of St. Gallen, vol. 31(4), pages 829-848, December.
    9. Syed Emad Azhar Ali & Fong-Woon Lai & Rohail Hassan & Muhammad Kashif Shad, 2021. "The Long-Run Impact of Information Security Breach Announcements on Investors’ Confidence: The Context of Efficient Market Hypothesis," Sustainability, MDPI, vol. 13(3), pages 1-27, January.
    10. Peng, Jin & Zhang, Haofei & Mao, Juan & Xu, Shouhuai, 2023. "Repeated data breaches and firm value," Economics Letters, Elsevier, vol. 224(C).
    11. Nadine Gatzert & Madeline Schubert, 2022. "Cyber risk management in the US banking and insurance industry: A textual and empirical analysis of determinants and value," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 89(3), pages 725-763, September.
    12. Brho, Mazen & Jazairy, Amer & Glassburner, Aaron V., 2025. "The finance of cybersecurity: Quantitative modeling of investment decisions and net present value," International Journal of Production Economics, Elsevier, vol. 279(C).
    13. L. Georg-Schaffner & E. Prinz, 2022. "Corporate management boards’ information security orientation: an analysis of cybersecurity incidents in DAX 30 companies," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 26(4), pages 1375-1408, December.
    14. Rosati, Pierangelo & Cummins, Mark & Deeney, Peter & Gogolin, Fabian & van der Werff, Lisa & Lynn, Theo, 2017. "The effect of data breach announcements beyond the stock price: Empirical evidence on market activity," International Review of Financial Analysis, Elsevier, vol. 49(C), pages 146-154.
    15. Catherine L. Mann, 2013. "Information Lost (Apologies to Milton)," NBER Working Papers 19526, National Bureau of Economic Research, Inc.
    16. David M. Pooser & Mark J. Browne & Oleksandra Arkhangelska, 2018. "Growth in the Perception of Cyber Risk: Evidence from U.S. P&C Insurers," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 43(2), pages 208-223, April.
    17. Mikhed, Vyacheslav & Vogan, Michael, 2018. "How data breaches affect consumer credit," Journal of Banking & Finance, Elsevier, vol. 88(C), pages 192-207.
    18. Md. Hamid Uddin & Md. Hakim Ali & Mohammad Kabir Hassan, 2020. "Cybersecurity hazards and financial system vulnerability: a synthesis of literature," Risk Management, Palgrave Macmillan, vol. 22(4), pages 239-309, December.
    19. Tomáš Klíma & Adam Krbušek, 2014. "Analysis of the Impact of Data Breaches on the Market Value of Companies in the Period 2008 - 2012 [Analýza dopadu úniků dat na tržní hodnotu firem v období 2008 - 2012]," Acta Informatica Pragensia, Prague University of Economics and Business, vol. 2014(1), pages 1-7.
    20. Lorenz Bohn & Dirk Schiereck, 2023. "Regulation of data breach publication: the case of US healthcare and the HITECH act," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 47(2), pages 386-399, June.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dar:wpaper:136463. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dekanatssekretariat (email available below). General contact details of provider: https://edirc.repec.org/data/ivthdde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.