La prise en compte du risque en comptabilité, le cas des industries extractives

In their intent to define standards related to extractive activities, many accounting standard setters have addressed the following question: What estimate of future growth prospects is useful to investors in addition to balance sheet and income statement information? Our study uses the Ohlson model (1995) on a sample of 52 companies, listed over a period of 11 years (1996-2006) in order to test the relevance of 4 forward-looking vectors, as complements to the book value and net earnings: the optional values of oil reserves, the free cash flows, the capex and the crude oil price volatility. Our results suggest that a heuristic reserve value based on informational items contributing to a real option pricing is the most informative and least redundant forward-looking value. They question the usefulness of reporting of forward-looking results in the form of point estimates.

Références

Titre
La prise en compte du risque en comptabilité, le cas des industries extractives
Type de publication
Article de revue
Année de publication
2023
Revue
Revue Française de Gestion Industrielle
ISSN
2804-9284
Soumis le 24 novembre 2023