Some say yes, at least for this year, the time has passed for President Obama to issue an executive order that would require federal contractors to disclose their political contributions. But some transparency advocates say a window of opportunity still exists for transparency into corporate political contributions. The door is still open if the administration does not tie the award of contracts to political disclosure, the main objection of critics, Scott Amey, general counsel for the Project on Government Oversight, said Monday. The administration instead should require anyone who receives federal money, including grant recipients, to disclose their political contribution information after award,…
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Companies that hide their political spending from shareholders have less value on the market, according to a report released Tuesday by researchers at Harvard law and the Public Citizen consumer advocacy group. Harvard law and economics professor John Coates and Taylor Lincoln with Public Citizen’s Congress Watch division compared 80 companies in the Standard & Poor’s 500 that voluntarily disclose their electioneering activities with other S&P 500 companies in the same industry. The companies with disclosure policies had a 7.5 percent higher industry-adjusted price-to-book ratio than other firms, according to the report. The duo looked at price-to-book ratios, as opposed…