| Project/Area Number |
24K16442
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| Research Category |
Grant-in-Aid for Early-Career Scientists
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| Allocation Type | Multi-year Fund |
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| Review Section |
Basic Section 07080:Business administration-related
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| Research Institution | Hitotsubashi University |
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Principal Investigator |
LU CHUN 一橋大学, 大学院経営管理研究科, 講師 (20979489)
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| Project Period (FY) |
2024-04-01 – 2028-03-31
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| Project Status |
Granted (Fiscal Year 2024)
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| Budget Amount *help |
¥4,680,000 (Direct Cost: ¥3,600,000、Indirect Cost: ¥1,080,000)
Fiscal Year 2027: ¥390,000 (Direct Cost: ¥300,000、Indirect Cost: ¥90,000)
Fiscal Year 2026: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2025: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2024: ¥2,340,000 (Direct Cost: ¥1,800,000、Indirect Cost: ¥540,000)
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| Keywords | Data Breach Law / Debt Maturity Structure / Data assets / Data breaches / corporate debt structure |
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| Outline of Research at the Start |
In the era of Big Data, cybersecurity significantly influences corporate behavior. This study examines the impact of data breaches and disclosure laws on US corporations' financing sources. Breached firms face higher capital costs, altering their financing components. Understanding these effects can inform Japanese policymakers and businesses, enhancing local data protection mechanisms.
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| Outline of Annual Research Achievements |
This research examines how data breach legislation affects firms’ debt maturity structures, focusing on whether heightened cybersecurity risk influences corporate financing decisions. In the first year, an extensive literature review was conducted to establish the theoretical framework, followed by rigorous data analysis using firm-level financial and regulatory data. These efforts led to the completion of the first manuscript draft. The paper was recently accepted for presentation at the European Financial Management Association (EFMA) Annual Conference. The manuscript is currently under review at the Journal of Business Finance & Accounting.
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| Current Status of Research Progress |
Current Status of Research Progress
1: Research has progressed more than it was originally planned.
Reason
I am familiar with the U.S. market and have previously published on related topics, which allowed the research to progress more smoothly than initially planned.
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| Strategy for Future Research Activity |
I am currently awaiting the editorial decision from the Journal of Business Finance & Accounting. If I receive a revise-and-resubmit decision, I will carefully address the reviewers’ comments by conducting any necessary additional analyses and improving the manuscript accordingly. My objective is to publish this paper in a high-quality international journal to contribute meaningfully to the academic discourse on corporate finance and cybersecurity. If the decision from JBFA is a rejection, I will continue to enhance the paper based on the feedback received and will target submission to another reputable, high-ranking journal in the field.
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