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Disclosure of reserve quantum in the extractive industries

Disclosure of reserve quantum in the extractive industries We explore why some firms in the extractive industries disclose mineral reserve quantum in their annual reports and others do not. We propose that the firms’ reserve disclosure policies are a function of the extent of information asymmetries, as well as information production, litigation and proprietary costs. More specifically, we propose that a firm's decisions to disclose reserves in the annual report are a function of the stage of the firm's operations, use of project financing, and the cost of measuring reserves. Empirical tests are confirmatory. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting & Finance Wiley

Disclosure of reserve quantum in the extractive industries

Accounting & Finance , Volume 41 (1‐2) – Jul 1, 2001

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References (34)

Publisher
Wiley
Copyright
AAANZ, 2001
ISSN
0810-5391
eISSN
1467-629X
DOI
10.1111/1467-629X.00054
Publisher site
See Article on Publisher Site

Abstract

We explore why some firms in the extractive industries disclose mineral reserve quantum in their annual reports and others do not. We propose that the firms’ reserve disclosure policies are a function of the extent of information asymmetries, as well as information production, litigation and proprietary costs. More specifically, we propose that a firm's decisions to disclose reserves in the annual report are a function of the stage of the firm's operations, use of project financing, and the cost of measuring reserves. Empirical tests are confirmatory.

Journal

Accounting & FinanceWiley

Published: Jul 1, 2001

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