Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/323879 
Year of Publication: 
2025
Citation: 
[Journal:] Accounting Perspectives [ISSN:] 1911-3838 [Volume:] 24 [Issue:] 2 [Publisher:] John Wiley & Sons, Inc. [Place:] Hoboken, NJ [Year:] 2025 [Pages:] 517-552
Publisher: 
John Wiley & Sons, Inc., Hoboken, USA
Abstract: 
Organizations face severe cyber risks, which may lead companies to contract related insurance or to demand cybersecurity assurance services to signal risk management. This paper experimentally investigates how cybersecurity assurance and insurance against cyber risks impact nonprofessional investors. We conducted an experiment with a 2 × 2 between‐subjects design with 100 UK nonprofessional investors and manipulated the assurance provision and insurance purchase to analyze their impact on willingness to invest. Our results suggest that cybersecurity assurance and cyber risk insurance positively affect willingness to invest. The results confirm the usefulness of measures to handle cyber risks and are of interest to managers, auditors, regulators, and academics.
Subjects: 
assurance services
cyber risk
cybersecurity
insurance
nonprofessional investors
risk management
assurance
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article
Document Version: 
Published Version

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