In a recent article, Professor Robert J. Jackson Jr. investigates the impact of public disclosure on equity dispositions by senior managers at Goldman Sachs. Utilizing previously overlooked data, Jackson finds that disclosure of sales per Securities Exchange Act section 16(a) dampens selling....

Do small-dollar donors seek out potentially adverse information about organizations making fundraising appeals? Do they react when it is readily available? Do they draw negative inferences when critical information is not available? To answer these questions, we consider previously unexamined...