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ERIC Number: EJ759355
Record Type: Journal
Publication Date: 2006
Pages: 27
Abstractor: Author
Reference Count: N/A
ISSN: ISSN-0276-8739
The Effectiveness of Regulatory Disclosure Policies
Weil, David; Fung, Archon; Graham, Mary; Fagotto, Elena
Journal of Policy Analysis and Management, v25 n1 p155-181 Win 2006
Regulatory transparency--mandatory disclosure of information by private or public institutions with a regulatory intent--has become an important frontier of government innovation. This paper assesses the effectiveness of such transparency systems by examining the design and impact of financial disclosure, nutritional labeling, workplace hazard communication, and five other diverse systems in the United States. We argue that transparency policies are effective only when the information they produce becomes "embedded" in the everyday decision-making routines of information users and information disclosers. This double-sided embeddedness is the most important condition for transparency systems' effectiveness. Based on detailed case analyses, we evaluate the user and discloser embeddedness of the eight major transparency policies. We then draw on a comprehensive inventory of prior studies of regulatory effectiveness to assess whether predictions about effectiveness based on characteristics of embeddedness are consistent with those evaluations.
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: United States