Political environment and voluntary disclosure in the U.S.: Evidence from the Carbon Disclosure Project

The year 2012 began well for Bangladesh. Economic performance was impressive, and there were some notable political developments, such as the starting of the War Crimes Trial. However, corruption remained a pressing issue, the rule of law and human rights in the country became increasingly tenuous, and the political environment continued to be turbulent and uncertain. Moreover, issues regarding the country’s relationship with both India and the U.S. were poorly resolved.

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Judicial Tenure on the U.S. Supreme Court, 1790–1868: Frustration, Resignation, and Expiration on the Bench

Studies in American Political Development ◽

10.1017/s0898588x06000101 ◽

2006 ◽

Vol 20 (2) ◽

pp. 198-210 ◽

Cited By ~ 7

Author(s):

Richard L Vining ◽

Christopher Zorn ◽

Susan Navarro Smelcer

Keyword(s):

Supreme Court ◽

Political Environment ◽

Chief Justice ◽

Step Down ◽

The U.S

After more than a decade of membership stability, the U.S. Supreme Court experienced a pair of vacancies following its 2004–2005 term. In July 2005, Justice Sandra Day O'Connor announced her intention to retire. It is widely believed that her own health, that of her husband, and the favorable political environment influenced her decision to step down in January 2006. In the interim, Chief Justice William Rehnquist, after struggling with ill health for many months, passed away on 3 September 2005, becoming the first sitting justice to die in more than five decades.

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Voluntary Disclosures

From Baksheesh to Bribery ◽

10.1093/oso/9780190232399.003.0025 ◽

2019 ◽

pp. 637-650

Author(s):

Andrew Boutros

Keyword(s):

Voluntary Disclosure ◽

Criminal Liability ◽

Self Report ◽

Department Of Justice ◽

Voluntary Disclosures ◽

Careful Evaluation ◽

Doing Business ◽

The Law ◽

The Government ◽

The U.S

In the course of doing business, company managers may discover that the company has violated the law, thereby exposing the company to potential civil or criminal liability. When this occurs, an inevitable question is whether the company should voluntarily disclose this information to the government. To be sure, the U.S. Department of Justice (DOJ) has strongly encouraged companies to self-report their misdeeds. However, disclosure is not without serious risks and potential consequences. Determining whether to self-report requires careful evaluation of multiple considerations. This chapter discusses in depth those considerations, and fully outlines both the benefits and risks of voluntary disclosure.

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Voluntary Disclosure and Information Intermediaries: Evidence from the Carbon Disclosure Project

Academy of Management Proceedings ◽

10.5465/ambpp.2016.15005abstract ◽

2016 ◽

Vol 2016 (1) ◽

pp. 15005

Author(s):

Kira Fabrizio ◽

Eun-Hee Kim

Keyword(s):

Voluntary Disclosure ◽

Carbon Disclosure Project ◽

Information Intermediaries

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Policy Uncertainty and Textual Disclosure

Accounting Horizons ◽

10.2308/horizons-2019-515 ◽

2021 ◽

Author(s):

Liangliang Jiang ◽

Jeffrey A. Pittman ◽

Walid Saffar

Keyword(s):

Economic Policy ◽

Voluntary Disclosure ◽

Negative Impact ◽

Policy Uncertainty ◽

Equity Financing ◽

Economic Policy Uncertainty ◽

External Monitoring ◽

Financing Costs ◽

The U.S

We study how policy uncertainty influences textual disclosure in the U.S. from 1996 to 2015. Consistent with incentives for voluntary disclosure, we find that policy uncertainty increases textual disclosure quantity, as evident in disclosure length, but lowers textual readability and increases the tone of uncertainty and negativity. We also document that the negative impact on readability subsides when firms are subject to tough external monitoring. Finally, we provide evidence implying that investors perceive such disclosure to be valuable, as evident in cheaper equity financing costs under economic policy uncertainty.

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