China formally adopted its national security review regime of foreign investment in 2011, which has been updated by the ‘Measures for National Security Review Foreign Investment’ 2020. The mechanism developed context China’s attempt at, and practice of, a radical reform direct (FDI) regulatory at large market access liberalisation particular, inter alia, transition from previous case-by-case al...

Traditionally, IT security investment decisions are made in isolation. However, as firms that compete for customers in an industry are closely interlinked, a macro perspective is needed in analyzing the IT security spending decisions and this is a key contribution of the paper. We introduce the notions of directand cross-risk elasticity to describe the customer response to adverse IT security e...

We examine how different investment horizons, and consequently the number of hands through which a security passes during its life, affect prices in a laboratory market populated by overlapping generations of investors. We find that (i) price deviations are larger in markets populated only by shorthorizon investors compared to markets with long-horizon investors; (ii) for a given maturity of se...

This paper presents an approach enabling economic modelling of information security risk management in contemporaneous businesses and other organizations. In the world of permanent cyber attacks to ICT systems, risk management is becoming a crucial task for minimization of the potential risks that can endeavor their operation. The prevention of the heavy losses that may happen due to cyber atta...