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| Author: | Haigh, M. Guthrie, J. |
| Title: | A political economy approach to regulated Australian information disclosures |
| Journal: | Business Ethics
2009 : APR, VOL. 18:2, p. 192-208 |
| Index terms: | political economy Australia legislation regulations investments |
| Freeterms: | disclosure of information |
| Language: | eng |
| Abstract: | Using a lens of political economy, this paper evaluates whether the objectives of the legislation to standardize investment terminology, promote inter-product comparability and encourage the accountability of product claims have been met. The context of legislative development is examined in Australian Parliamentary debates. Through examining a representative sample of the initial set of regulated disclosures issued, practised accountabilities are identified. The quality of regulated information disclosures is assessed by the degree of correlation with legislators' objectives and the regulatory requirements. Initial disclosures are poor, offering little basis for comparability. The evidence supports a criticism of a regulatory laissez-faire approach to self-reporting etc. |
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