The Impact of Cybersecurity Risk Management Report Disclosure on Investment Decisions in Small and Medium-Sized Companies An Empirical Study on Companies Listed on The Egyptian Stock Exchange

The main objective of the research is to study and analyze the impact of the disclosure of the cybersecurity risk management report on investment decisions in small and medium-sized companies, and to study and analyze the informational content of the cybersecurity risk management disclosure report and international laws and legislation related to its application. It also aims to study the concepts of cybersecurity risk management. Its importance and determinants of disclosure. The researcher presented a theoretical methodology based on two main sections that relate to the research variables and achieve its objectives, as well as conducting an experimental study on a sample of 253 small and medium-sized companies operating in the Egyptian market. A set of statistical methods were used through the SPSS program to analyze the data and test the hypotheses.
The researcher reached many results, the most important of which are: The disclosure report on cybersecurity risk management affects investment decisions in shares of small and medium-sized companies in the Egyptian environment in terms of: accuracy and objectivity of the information disclosed, increasing the level of disclosure and transparency, and contributing to providing sufficient and accurate information to evaluate performance. It was also shown that there is a positive, significant relationship between the disclosure report on cybersecurity risk management and investment decisions in the shares of small and medium-sized companies under study, depending on the level of investor experience. There is also a significant positive relationship between the disclosure report on cybersecurity risk management and investment decisions in the shares of small and medium-sized companies under study depending on the level of educational qualification of the investor. While there is no significant relationship between the disclosure report on cybersecurity risk management and investment decisions in the shares of small and medium-sized companies under study, depending on the level of professional development of the investor.