The determinants of reserves disclosure in the extractive industries: evidence from Australian firms
Article first published online: 21 JUL 2011
© 2011 The Authors. Accounting and Finance © 2011 AFAANZ
Accounting & Finance
Volume 52, Issue Supplement s1, pages 373–402, October 2012
How to Cite
Taylor, G., Richardson, G., Tower, G. and Hancock, P. (2012), The determinants of reserves disclosure in the extractive industries: evidence from Australian firms. Accounting & Finance, 52: 373–402. doi: 10.1111/j.1467-629X.2011.00433.x
- Issue published online: 5 OCT 2012
- Article first published online: 21 JUL 2011
- Received 18 January 2011; accepted 30 June 2011 by Steven Cahan (Deputy Editor).
- Mineral and petroleum reserves;
- Accounting estimates;
- Accounting setting
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.