Show simple item record

Files in this item

Thumbnail

Item metadata

dc.contributor.authorBebbington, Jan
dc.contributor.authorSchneider, Thomas
dc.contributor.authorStevenson, Lorna
dc.contributor.authorFox, Alison
dc.date.accessioned2019-08-13T08:30:01Z
dc.date.available2019-08-13T08:30:01Z
dc.date.issued2019-05-03
dc.identifier.citationBebbington , J , Schneider , T , Stevenson , L & Fox , A 2019 , ' Fossil fuel reserves and resources reporting and unburnable carbon : investigating conflicting accounts ' , Critical Perspectives on Accounting , vol. In press . https://doi.org/10.1016/j.cpa.2019.04.004en
dc.identifier.issn1045-2354
dc.identifier.otherPURE: 258894837
dc.identifier.otherPURE UUID: 26c52c1e-4c52-4661-9a55-2a49e89c4221
dc.identifier.otherRIS: urn:D39CDD6FB2D3CF1CD31BA864384C69C2
dc.identifier.otherScopus: 85065017205
dc.identifier.urihttp://hdl.handle.net/10023/18300
dc.description.abstractThis paper investigates fossil fuel reserves and resources disclosures and how they might change in response to global climate change agreements that seek to limit greenhouse gas emissions. On the one hand, it might be expected that fossil fuel firms will be less valuable if their reserves become ‘unburnable’. On the other hand, capital markets currently assign a positive value to fossil fuel reserves and resources. A conundrum, therefore, exists. Given that accounting disclosure rules underpin capital market valuation processes, this setting provides an opportunity to interrogate the functionality of accounting during a time of change. To achieve this goal, a multi-methods investigation has been undertaken; combining a survey of accounting disclosure rules for reserves, identification of accounting disclosures made by fuel firms in several country stock markets, and stock market participants’ views on the extent to which unburnable carbon exists. Using Miller and Power (2013) we identify when and how unburnable carbon could be recognized in corporate reporting.
dc.format.extent22
dc.language.isoeng
dc.relation.ispartofCritical Perspectives on Accountingen
dc.subjectAccounting regulationen
dc.subjectGlobal climate changeen
dc.subjectUnburnable carbonen
dc.subjectStranded assetsen
dc.subjectHF5601 Accountingen
dc.subjectE-NDASen
dc.subject.lccHF5601en
dc.titleFossil fuel reserves and resources reporting and unburnable carbon : investigating conflicting accountsen
dc.typeJournal articleen
dc.description.versionproofen
dc.contributor.institutionUniversity of St Andrews.School of Managementen
dc.contributor.institutionUniversity of St Andrews.Centre for the Study of Philanthropy & Public Gooden
dc.identifier.doihttps://doi.org/10.1016/j.cpa.2019.04.004
dc.description.statusPeer revieweden


This item appears in the following Collection(s)

Show simple item record