We examine the impact of cyberattacks on bondholder wealth. Unlike stockholders, bondholders do not react in the short-term but do experience negative returns in the one-month event window. Compared to similar firms not subject to cyberattacks, we find that bondholders lost approximately 2% of...

We explore whether there is informed trading, which takes advantage of data breach events. By analyzing transactions in the options market, we conjecture that there are two distinct informed trading patterns that likely begin approximately three months and nine months prior to corporate...

A downside of the digital economy is that banks are prone to experiencing data breaches resulting from, for example, cyberattacks, system glitches, and employee negligence. We investigate how a data breach announcement affects bank operations and stock performance. Our findings indicate that...

This paper investigates non-GAAP performance measures of the REIT industry, specifically the difference (FFO adjustment) between concurrent FFO and Net Income (NI). Using the U.S. Equity REIT data from 1993 to 2018, we first find evidence that both NI and FFO are associated with REIT...

Silicon (Si) plays an essential role in the biogeochemistry of rivers. Despite decades of research, how damming, eutrophication and climate change alters the DSi abundance and flux is still poorly characterized. Here, we explore the long-term changes in Si transport by the Changjiang (Yangtze)...