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We develop a novel firm-level measure of cybersecurity risk using textual analysis of cybersecurity-risk disclosures in corporate filings. The measure successfully identifies firms extensively discussing cybersecurity risk in their 10-K, displays intuitive relations with quantitative measures of...
Persistent link: https://www.econbiz.de/10012482415
The amount of computational power devoted to anonymous, decentralized blockchains such as Bitcoin's must simultaneously satisfy two conditions in equilibrium: (1) a zero-profit condition among miners, who engage in a rent-seeking competition for the prize associated with adding the next block to...
Persistent link: https://www.econbiz.de/10012453003
We construct novel text-based measures of firm-level cyber risk exposure based on quarterly earnings calls of 12,000+ firms from 85 countries over 20+ years. We categorize each cyber-related discussion into topics that capture sentiment, monetary loss, country names, etc. We document new facts...
Persistent link: https://www.econbiz.de/10012585390
reduction in search costs on the Internet relative to the physical channel would cause both price and price dispersion to fall …
Persistent link: https://www.econbiz.de/10012470453
We examine manufacturers' decisions of whether and how to offer their products for sale over the internet …. Manufacturers that rely on promotion of their products by brick and mortar retailers must consider the possibility that internet … their products over the internet and to control the pricing of their products over the internet. We examine three categories …
Persistent link: https://www.econbiz.de/10012470662
The Internet has the potential to significantly reduce search costs by allowing consumers to engage in low-cost price … comparisons online. This paper provides empirical evidence on the impact that the rise of Internet comparison shopping sites has … group using the Internet reduces average insurance prices for the group by as much as 5 percent. Further evidence indicates …
Persistent link: https://www.econbiz.de/10012470735
This paper investigates the effect of Internet car referral services on dealer pricing of automobiles in California …
Persistent link: https://www.econbiz.de/10012470775
The rapid rise in sales over the Internet has generated debate over the taxation of such transactions since the buyers … the effects that local sales taxes have on Internet commerce. The results show that, controlling for many observable … characteristics, people who live in locations with high sales taxes are significantly more likely to buy things over the Internet. The …
Persistent link: https://www.econbiz.de/10012471949
We use Adobe Analytics data on online transactions for millions of products in many different categories from 2014 to 2017 to shed light on how online inflation compares to overall inflation, and to gauge the magnitude of new product bias online. The Adobe data contain transaction prices and...
Persistent link: https://www.econbiz.de/10012453070
This paper analyzes the extent to which the Internet's global domain name resolution (DNS) system has preserved its …
Persistent link: https://www.econbiz.de/10012453397