Since the commercial breakthrough in the early 1970s, salmon farming in the sea has gone from small-scale to one of Norway's largest export industries. Although salmon and trout farming represents only a few percent of the world's aquaculture production, the Norwegian aquaculture industry is a...

Substantial increases in profitability, in both fisheries and aquaculture, in the recent years have prompted increased attention to rent creation and rent capture in the seafood sector. In fact, Iceland, The Faroe Island and Norway have all recently implemented taxation of economic rent from...

Global aquaculture represents an opportunity for sustainable growth in supply of healthy food and private and public income, but also has environmental footprints and thus requires a balanced policy approach by governments. Salmon aquaculture has until recently experienced rapid growth, and...

This paper examines how oil and gas companies' reserves growth affects their share price returns. In particular we examine three issues affecting the relation between reserves changes and oil and gas firm returns. First, we examine if investors value reserves replacement as a result of...

This paper examines how oil and gas companies’ reserves growth affects their share price returns. In particular we examine three issues affecting the relation between reserves changes and oil and gas firm returns. First, we examine if investors value reserves replacement as a result of...

Oil and gas reserves are the most important assets of oil and gas companies. A source of confusion for investors in oil companies, is that reserves quantities and values are uncertain estimates. Reserves are typically classified according to probabilities of recovery from underground reservoirs....

For more than 40 years, oil and gas companies have been able to choose between two competing methods for accounting for exploration activities. The implication is that two otherwise identical companies can report substantially different earnings depending on chosen method. This situation, where...

Financial statement information is important for evaluating a firm's performance, and for forecasting its future cash flows. This paper studies the relationship between financial accounting information and market valuation for publically listed salmon farming companies. Of special interest is...