The effectiveness of regulatory disclosure policies

• 成果类型: Article
• 署名作者: Weil, D; Fung, A; Graham, M; Fagotto, E
• 署名单位: Boston University; Harvard University
• 刊物名称: JOURNAL OF POLICY ANALYSIS AND MANAGEMENT
• ISSN/ISSBN: 1520-6916
• DOI: 10.1002/pam.20160
• 发表日期: 2006
• 页码: 155-181
• 关键词: cardiac-surgeons; CORPORATE DISCLOSURE; performance reports; release inventory; bypass-surgery; INFORMATION; care; QUALITY; grade; LAWS

摘要

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. (c) 2006 by the Association for Public Policy Analysis and Management.