scholarly journals When Do Voters Respond to Campaign Finance Disclosure? Evidence from Multiple Election Types

2022 ◽  
Author(s):  
Thomas S. Robinson
Keyword(s):  
Campaign Finance ◽  
Financial Information ◽  
Vote Choice ◽  
Financial Disclosure ◽  
Political Candidates ◽  
Ballot Initiative ◽  
American Elections ◽  
Financial Profile ◽  
Conjoint Experiment

AbstractIn recent American elections political candidates have actively emphasized features of their fundraising profiles when campaigning. Yet, surprisingly, we know comparatively little about how financial information affects vote choice specifically, whether effects differ across types of election, and how robust any effects are to other relevant political signals. Using a series of conjoint experiment designs, I compare the effects of campaigns’ financial profiles on vote choice across direct democratic and representative elections, randomizing subjects’ exposure to additional political cues. I find that while the financial profile of candidates can affect vote choice, these effects are drowned out by non-financial signals. In ballot initiative races, the explicit policy focus of the election appears to swamp any effect of financial information. This paper is the first to explore the comparative effects of financial disclosure across election type, contributing to our understanding of how different heuristics interact across electoral contexts.

The Supreme Court as an electoral issue: evidence from three studies

2021 ◽  
pp. 1-19
Author(s):  
Alex Badas ◽  
Elizabeth Simas
Keyword(s):  
Supreme Court ◽  
Political Behavior ◽  
Strong Predictor ◽  
Vote Choice ◽  
Senate Elections ◽  
Primary Election ◽  
The Supreme Court ◽  
Conjoint Experiment ◽  
Analyze Data

Abstract Judicial nominations, particularly those to the Supreme Court, have been a salient topic in recent presidential and senate elections. However, there has been little research to determine whether judicial nominations motivate political behavior. Across three studies we demonstrate the important role judicial nominations play in influencing political behavior. In Study 1, we analyze the extent to which voters perceive judicial nominations as an important electoral issue. We find that Republicans—and especially strong Republicans—are more likely to perceive judicial nominations as important. In Study 2, we analyze how congruence with an incumbent Senator's judicial confirmation votes influences voters’ decision to vote for the incumbent. We find that congruence with a Senator's judicial confirmation votes is a strong predictor of vote choice. Finally, in Study 3, we analyze data from an original conjoint experiment aimed at simulating a Senate primary election where voters must select among co-partisans. We find that Republican subjects are more likely to select a primary candidate who prioritizes confirming conservative Supreme Court nominees. Among Democratic subjects, however, we find that Democratic candidates who prioritize the Court might actually suffer negative electoral consequences. Overall, our results demonstrate the importance of judicial nominations as an electoral issue.

scholarly journals Campaign Finance Regulations and Public Policy

2021 ◽  
pp. 1-8
Author(s):  
MARTIN GILENS ◽  
SHAWN PATTERSON ◽  
PAVIELLE HAINES
Keyword(s):  
Government Policy ◽  
Policy Making ◽  
Campaign Finance ◽  
Control Method ◽  
Synthetic Control ◽  
Synthetic Control Method ◽  
Citizens United ◽  
Independent Expenditures ◽  
American Elections ◽  
The U.S

Abstract Despite a century of efforts to constrain money in American elections, there is little consensus on whether campaign finance regulations make any appreciable difference. Here we take advantage of a change in the campaign finance regulations of half of the U.S. states mandated by the Supreme Court’s Citizens United decision. This exogenously imposed change in the regulation of independent expenditures provides an advance over the identification strategies used in most previous studies. Using a generalized synthetic control method, we find that after Citizens United, states that had previously banned independent corporate expenditures (and thus were “treated” by the decision) adopted more “corporate-friendly” policies on issues with broad effects on corporations’ welfare; we find no evidence of shifts on policies with little or no effect on corporate welfare. We conclude that even relatively narrow changes in campaign finance regulations can have a substantively meaningful influence on government policy making.

scholarly journals Determinants of internet financial disclosure in an emerging market: lessons from Brazil

2008 ◽  
Vol 5 (2) ◽  
pp. 379-392
Author(s):  
Wesley Mendes-da-Silva ◽  
Theodore E. Christensen ◽  
Vernon J. Richardson
Keyword(s):  
Corporate Governance ◽  
Voluntary Disclosure ◽  
Stock Exchange ◽  
Emerging Market ◽  
Financial Information ◽  
Financial Disclosure ◽  
The Internet ◽  
Cross Sectional ◽  
Market Participants ◽  
Dramatic Shift

Disclosure transparency is one of the pillars of good corporate governance. Moreover, the digital age has produced a dramatic shift in the corporate communication paradigm. As a result, companies increasingly use the Internet as a means of disseminating and disclosing financial information to shareholders, analysts and other interested capital market participants. This research examines the determinants of voluntary disclosure of financial information on the Internet by Brazilian firms. Cross-sectional analyses based on 291 non-financial companies listed on the São Paulo Stock Exchange in 2002 indicate that both firm size and the quality of corporate governance are positively related to the level of voluntary disclosure of financial information on the Internet. These results are consistent with the notion that Brazilian firms with incentives to improve financial transparency disclose more financial information on the Internet. Compared to similar Internet disclosures of U.S.-domiciled companies, this study finds that corporate governance is an incremental determinant of Internet financial disclosure for Brazilian enterprises

From the FEC to the Ballot Box: Voter Accountability for Campaign Finance Law Violations

2018 ◽  
Vol 47 (5) ◽  
pp. 1000-1035
Author(s):  
Ben Gaskins ◽  
Ellen Seljan ◽  
Todd Lochner ◽  
Katie Kowal ◽  
Zane Dundon ◽  
...  
Keyword(s):  
Media Coverage ◽  
Campaign Finance ◽  
Political Candidates ◽  
Federal Election Commission ◽  
High Profile ◽  
Finance Law ◽  
The Media ◽  
Campaign Finance Laws ◽  
Campaign Finance Law ◽  
Election Commission

Scholarship suggests the Federal Election Commission lacks adequate enforcement tools to deter those who would violate campaign finance laws. But can and do voters hold political candidates accountable for violating these laws? In this article, we employ two studies to empirically evaluate these questions. The first examines the extent to which media cover campaign finance violations, and how they do so. The second employs an experimental approach to test the effects of such media coverage on evaluations of political candidates, in particular whether knowledge of a candidate’s violation of campaign finance laws erodes voter support. We find that the media are more likely to cover campaign finance impropriety for high-profile offices, when criminal action is alleged, and for most serious violations. We also show that voters care about campaign violations, and certain violations lower voter support similar to other types of political scandal.

scholarly journals Empirical Study Regarding Non-Financial Disclosure for Social Conscious Consumption in the Spanish E-Credit Market

2019 ◽  
Vol 11 (3) ◽  
pp. 866 ◽  
Author(s):  
Teresa Herrador-Alcaide ◽  
Montserrat Hernández-Solís
Keyword(s):  
Information Disclosure ◽  
Social Issues ◽  
Credit Market ◽  
Complete Information ◽  
Research Field ◽  
Financial Information ◽  
Financial Disclosure ◽  
The European Union ◽  
Relevant Role ◽  
European Standards

Non-financial disclosure is an objective in The European Union to improve a sustainable economy where consumers can make conscious decisions, especially regarding the role of financial technology. Complete information is considered one that offers financial and non-financial information. Government and supranational authorities are starting to promulgate rules to construct a reasonable framework for non-financial disclosure. One consumer might make a social conscious decision if the information disclosed meets to the Directive 2014/95/UE guidelines. In order to analyse this condition in the e-credit market in Spain, this research measures the rank of compliance of European standards in non-financial disclosure. The main finding of this research is that non-financial information disclosure in the Spanish e-credit market is not sufficient to make informed decisions. Due to the fact that most of the non-financial information is focused on social issues related to a company´s commitment to sustainability, non-financial information plays a relevant role in the building of an economically sustainable society. Our findings show that the level of non-financial disclosure in the Spanish e-Credit market is low, what supposes there is not an adequate informative base to decision making according to European standards on non-financial information. By considering the effect of usual disclosure drivers in this research field, the e-credit market sector was the only positive factor to disclose more non-financial information. Nevertheless, company size, company seniority and company location were not significant factors for non-financial disclosure.

Experimental Evidence on the Relationship Between Candidate Funding Sources and Voter Evaluations

2016 ◽  
Vol 3 (2) ◽  
pp. 152-163 ◽  
Author(s):  
Conor M. Dowling ◽  
Michael G. Miller
Keyword(s):  
Private Sector ◽  
Interest Groups ◽  
Experimental Evidence ◽  
Campaign Finance ◽  
Campaign Strategy ◽  
Funding Sources ◽  
Policy Debates ◽  
Survey Experiments ◽  
American Elections ◽  
The Relationship

AbstractMoney comes from a variety of sources in American elections. It is unclear however whether voters’ knowledge about a candidate's funding portfolio influences how that candidate is evaluated. We present the results of two survey experiments in which we randomly assigned the composition of donors from various categories to a hypothetical candidate. We find that on average a candidate described as having received a majority of his contributions from individuals is evaluated more highly than one who received a majority of his contributions from interest groups. We also find that when it comes to self-financing a campaign, using private sector money is more beneficial to candidates than using inherited money, but only when the candidate is a member of the same party as the voter. Our results have implications for campaign strategy, academic debates concerning the effect of money on elections, and policy debates concerning the effects of increased campaign finance disclosure.

scholarly journals La investigación empírica en materia de rendición y fiscalización de cuentas públicas

2017 ◽  
Vol 11 (21) ◽  
Author(s):  
Silverio Tamez Garza ◽  
Vicente Montesinos Julve ◽  
Alfonso Hernández Campos ◽  
José Luis Leal Martínez
Keyword(s):  
Private Sector ◽  
Legal Regulation ◽  
Theoretical Framework ◽  
Financial Information ◽  
Financial Disclosure ◽  
Public And Private ◽  
The Public ◽  
Traditional Research ◽  
Audit Opinions ◽  
Public And Private Sector

Keywords: auditing, disclosure, explicative theories, public sectorAbstract. The main objective of this paper is to analyze the theoretical framework to explain the reasons why public and private entities disclose financial information, as well as those applicable to studies of the types of opinion issued audit opinions theories. The existence of a legal regulation makes them the obligation to publish certain information, although some entities disclose more than required by the regulations. Therefore, following the traditional research in accounting online, we review the relevant theories that explain the financial disclosure in the public and private sector. We begin first with analyzing the theories that have been applied to the private sector as part of these are to be applied in the public sector.Palabras clave: auditoría, divulgación de Información, sector público, teorías explicativasResumen. El objetivo principal de este artículo es analizar el marco teórico que permite explicar los motivos por los cuales las entidades públicas y privadas divulgan información financiera, así como, las teorías aplicables a los estudios de los tipos de opinión emitidos en los dictámenes de auditoría. La existencia de una regulación normativa hace que tengan la obligación de publicar cierta información, aunque algunas entidades divulgan más de lo exigido por la normativa. Por tanto, siguiendo la investigación tradicional en la línea contable, realizamos una revisión de las teorías aplicables que explican la divulgación de información financiera tanto en el sector privado así como en el público. Iniciamos primero con analizar las teorías que se han aplicado al sector privado ya que de éstas se parte para ser aplicadas en el sector público.

scholarly journals Interest Rate Swaps: Risk Exposure And Financial Disclosure

2011 ◽  
Vol 6 (1) ◽  
pp. 8
Author(s):  
William B. Riley ◽  
G. Stevenson Smith
Keyword(s):  
Interest Rate ◽  
Balance Sheet ◽  
Financial Information ◽  
Financial Disclosure ◽  
Risk Exposure ◽  
Interest Rate Swaps ◽  
Financial Disclosures ◽  
Changes In Risk ◽  
Swap Agreement ◽  
Interest Payments

In recent years, the trading of interest payments on debt obligations has become a major form of off-balance sheet financing. As swaps have increased in dollar volume, the amount of financial disclosure about these instruments has remained nonexistent or minimal. Yet, even with a lack of financial information available to evaluate swaps, previous analyses of swaps have always focused on their positive aspects. Our analysis finds there are negative aspects to swaps that need to be considered. The issues of lack of financial disclosure, unfavorable changes in risk exposure as well as questions about risk evaluations of firms involved in swaps are all related to the negative aspects of swaps. These issues are considered here. It is concluded that although there are advantages to swaps, these advantages are intrinsic to the instrument itself rather than to the alleged arbitrage profits. Furthermore, an example is used to illustrate how a firms risk exposure can be altered by a swap agreement. The ability of the market to evaluate the change in this risk may be hampered by lack of financial disclosures.

scholarly journals What Do Pennsylvania Voters Think about Gender and Women’s Representation?

Commonwealth ◽  
2020 ◽  
Vol 21 (1) ◽  
Author(s):  
Sarah Niebler ◽  
A. Lanethea Mathews-Schultz
Keyword(s):  
Explanatory Power ◽  
Vote Choice ◽  
Women's Representation ◽  
Electoral Outcomes ◽  
Women’S Representation ◽  
American Elections ◽  
Underrepresentation Of Women ◽  
And Gender ◽  
Using Data

Despite ongoing interest in the role of gender in American elections, highlighted most recently by Hillary Clinton’s historic bid for the presidency in 2016 and the 2018 “Year of the Woman” elections, recent studies have shown that gender alone is not enough to explain voter behavior. This is especially true in an increasingly ideologically polarized landscape in which party and ideology retain significant explanatory power regarding electoral outcomes. The saliency of gender identity and gender issues may also vary across time and context. Moreover, voters may not have full information about the underrepresentation of women or of the consequences of gender imbalances in elective institutions, raising uncertainty about whether women’s representation in politics matters to voters. In this article, using data from a unique exit poll, we examine the extent to which knowledge about women’s representation and perceptions about gender and women’s issues mattered to Pennsylvanians’ vote choice in the 2016 and 2018 elections. We find that neither gender nor party alone can explain men’s and women’s political behavior, but rather that gender and party interact in complex ways. Although party continues to be the best predictor of vote choice, gender matters to how voters understand and explain women’s underrepresentation in politics—a finding that has important implications for furthering gender equality in politics in the future.

Campaign Contributions and Partisan Vote Choice

2021 ◽  
pp. 105-132
Author(s):  
Daron R. Shaw ◽  
Brian E. Roberts ◽  
Mijeong Baek
Keyword(s):  
Empirical Analysis ◽  
Campaign Finance ◽  
Vote Choice ◽  
Campaign Contributions ◽  
Opposing Party ◽  
Disclosure Laws ◽  
The Impact ◽  
The Empirical Analysis

Chapter 6 investigates the effects of campaign finance information on partisan (candidate) vote choice, a separate interest advanced by the Buckley Court in the context of campaign finance disclosure laws. More specifically, survey-based experiments are used to ascertain the impact of information about the amount of money raised by a candidate for office, as well as the source of that money, on a respondent’s likelihood of casting a ballot for that candidate. The data indicate that the amount raised by a candidate matters much less than where that money comes from. In addition, the empirical analysis shows that partisans were often more influenced by information about their own candidate than about the candidate of the opposing party.

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