What to Be Disclosed? Attributes of Online Games for the Market Transparency Policy

Changwoo Suh; Byungtae Lee; Habin Lee; Youngseok Choi; Sunghan Ryu

doi:10.1007/978-3-030-58141-1_7

What to Be Disclosed? Attributes of Online Games for the Market Transparency Policy

Changwoo Suh, Byungtae Lee, Habin Lee, Youngseok Choi, Sunghan Ryu

Research output: Chapter in Book/Conference proceeding › Conference contribution › peer-review

Abstract

This paper identifies main features of online games to be disclosed to the market for policy makers. It tests the positive relationships between information disclosure for online games and stock returns using event analysis method. Based on data collected from online game companies between 2004 to 2009 in South Korea, the paper finds positive and significant correlation between game rating information and stock reactions. Specifically, the positive reactions are clear when a company introduces casual games, and a company has development capability. However, we do not find any significant relationships between stock reactions and voluntary information releases after the game rating information released. The findings support the feasibility of introduction of mandatory information disclosure scheme for online game industry.

Original language	English
Title of host publication	Electronic Participation - 12th IFIP WG 8.5 International Conference, ePart 2020, Proceedings
Editors	Sara Hofmann, Csaba Csáki, Noella Edelmann, Thomas Lampoltshammer, Peter Parycek, Ulf Melin, Gerhard Schwabe, Efthimios Tambouris
Publisher	Springer
Pages	81-92
Number of pages	12
ISBN (Print)	9783030581404
DOIs	https://doi.org/10.1007/978-3-030-58141-1_7
Publication status	Published - 2020
Externally published	Yes
Event	12th IFIP WG 8.5 International Conference on Electronic Participation, ePart 2019, held in conjunction with the 19th IFIP WG 8.5 International Conference on Electronic Government, EGOV 2020, and the International Conference for E-Democracy and Open Government Conference, CeDEM 2020 - Linköping, Sweden Duration: 31 Aug 2020 → 2 Sept 2020

Publication series

Name	Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume	12220 LNCS
ISSN (Print)	0302-9743
ISSN (Electronic)	1611-3349

Conference

Conference	12th IFIP WG 8.5 International Conference on Electronic Participation, ePart 2019, held in conjunction with the 19th IFIP WG 8.5 International Conference on Electronic Government, EGOV 2020, and the International Conference for E-Democracy and Open Government Conference, CeDEM 2020
Country/Territory	Sweden
City	Linköping
Period	31/08/20 → 2/09/20

Keywords

Information disclosure
Information spillover
Online game
Stock returns

ASJC Scopus subject areas

Theoretical Computer Science
General Computer Science

Access to Document

10.1007/978-3-030-58141-1_7

Cite this

Suh, C., Lee, B., Lee, H., Choi, Y., & Ryu, S. (2020). What to Be Disclosed? Attributes of Online Games for the Market Transparency Policy. In S. Hofmann, C. Csáki, N. Edelmann, T. Lampoltshammer, P. Parycek, U. Melin, G. Schwabe, & E. Tambouris (Eds.), Electronic Participation - 12th IFIP WG 8.5 International Conference, ePart 2020, Proceedings (pp. 81-92). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 12220 LNCS). Springer. https://doi.org/10.1007/978-3-030-58141-1_7

Suh, Changwoo ; Lee, Byungtae ; Lee, Habin et al. / What to Be Disclosed? Attributes of Online Games for the Market Transparency Policy. Electronic Participation - 12th IFIP WG 8.5 International Conference, ePart 2020, Proceedings. editor / Sara Hofmann ; Csaba Csáki ; Noella Edelmann ; Thomas Lampoltshammer ; Peter Parycek ; Ulf Melin ; Gerhard Schwabe ; Efthimios Tambouris. Springer, 2020. pp. 81-92 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).

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abstract = "This paper identifies main features of online games to be disclosed to the market for policy makers. It tests the positive relationships between information disclosure for online games and stock returns using event analysis method. Based on data collected from online game companies between 2004 to 2009 in South Korea, the paper finds positive and significant correlation between game rating information and stock reactions. Specifically, the positive reactions are clear when a company introduces casual games, and a company has development capability. However, we do not find any significant relationships between stock reactions and voluntary information releases after the game rating information released. The findings support the feasibility of introduction of mandatory information disclosure scheme for online game industry.",

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Suh, C, Lee, B, Lee, H, Choi, Y & Ryu, S 2020, What to Be Disclosed? Attributes of Online Games for the Market Transparency Policy. in S Hofmann, C Csáki, N Edelmann, T Lampoltshammer, P Parycek, U Melin, G Schwabe & E Tambouris (eds), Electronic Participation - 12th IFIP WG 8.5 International Conference, ePart 2020, Proceedings. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 12220 LNCS, Springer, pp. 81-92, 12th IFIP WG 8.5 International Conference on Electronic Participation, ePart 2019, held in conjunction with the 19th IFIP WG 8.5 International Conference on Electronic Government, EGOV 2020, and the International Conference for E-Democracy and Open Government Conference, CeDEM 2020, Linköping, Sweden, 31/08/20. https://doi.org/10.1007/978-3-030-58141-1_7

What to Be Disclosed? Attributes of Online Games for the Market Transparency Policy. / Suh, Changwoo; Lee, Byungtae; Lee, Habin et al.
Electronic Participation - 12th IFIP WG 8.5 International Conference, ePart 2020, Proceedings. ed. / Sara Hofmann; Csaba Csáki; Noella Edelmann; Thomas Lampoltshammer; Peter Parycek; Ulf Melin; Gerhard Schwabe; Efthimios Tambouris. Springer, 2020. p. 81-92 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 12220 LNCS).

Research output: Chapter in Book/Conference proceeding › Conference contribution › peer-review

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Suh C, Lee B, Lee H, Choi Y, Ryu S. What to Be Disclosed? Attributes of Online Games for the Market Transparency Policy. In Hofmann S, Csáki C, Edelmann N, Lampoltshammer T, Parycek P, Melin U, Schwabe G, Tambouris E, editors, Electronic Participation - 12th IFIP WG 8.5 International Conference, ePart 2020, Proceedings. Springer. 2020. p. 81-92. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)). doi: 10.1007/978-3-030-58141-1_7

What to Be Disclosed? Attributes of Online Games for the Market Transparency Policy

Abstract

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Keywords

ASJC Scopus subject areas

Access to Document

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