This essay reviews the theoretical and empirical literature on quality disclosure and certification. After comparing … quality disclosure with other quality assurance mechanisms and describing a brief history of quality disclosure, we address … government mandate disclosure? and (iii) Do certifiers necessarily report unbiased and accurate information? We further review …

Disclosure policies have the potential to help consumers and make markets more efficient. Yet, the effectiveness of … disclosure policies can be undermined if firms strategically make unfavorable information unnecessarily complicated to understand …. To explore the incentives for using complexity in disclosure, we implement a game of mandatory disclosure where senders …

as a result of voluntary disclosure and in turn increases firm value. This suggests that managers can causally influence … their cost of capital via voluntary disclosure …

This paper estimates the impact on consumer behavior of a firm's voluntary disclosure of information. Specifically, we … study the impact of Starbucks' disclosure of calorie information on its menu boards in June 2013. Using data on over 250 … reject the null hypothesis that Starbucks' disclosure of calorie information had no impact on the probability that consumers …

restaurant food, but it remains unclear the extent to which this information disclosure affects consumer knowledge. This paper … fills that gap by estimating the impact of information disclosure on consumer knowledge through a randomized controlled … disclosure significantly reduces the extent to which consumers underestimate the number of calories in restaurant food; the …