The determinants of reserves disclosure in the extractive industries: evidence from Australian firms

Grantley Taylor*, Grant Richardson, Greg Tower, Phil Hancock

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

17 Citations (Scopus)

Abstract

This paper examines the determinants of reserves disclosure (RD) in the Australian extractive industries. Our regression results indicate that RD are positively associated with variables relating to corporate governance, foreign listing, existence of reserves in foreign jurisdictions, pledging of reserves in debt covenants, leverage and external (Big 4) auditor, after controlling for firm size, subindustry, shareholder concentration and development/production stage. Additional regression testing shows that the existence of reserves in foreign jurisdictions is the most important determinant of RD in Australia. This paper contributes to a better understanding of the extent and rationale behind the RD practices of Australian resource firms.

Original languageEnglish
Pages (from-to)373-402
Number of pages30
JournalAccounting and Finance
Volume52
Issue numbers1
DOIs
Publication statusPublished - 1 Oct 2012
Externally publishedYes

Keywords

  • Accounting estimates
  • Accounting setting
  • Disclosure
  • Mineral and petroleum reserves

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