This paper studies firms’ information withholding in a mandatory environmental disclosure regime where regulators only allow firms to withhold information regarded as a trade secret. I find evidence of withholding information for reasons other than proprietary-cost concerns, which is...

Oil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country's balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2012...

Oil and gas production remain the core sector of Russia economy, which has a leading role in generating federal budget revenue and this country's balance of trade. The factors that exerted the most significant influence on the development of the oil and gas sector of the Russian economy in 2011...

This study examines the determinants of anti-corruption disclosures and the effect of disclosures on the profitability and financial stability of extractive firms in Africa. The study also tests the presence of convergence in anti-corruption disclosure, profitability, and financial stability of...

There is no gainsaying that energy enables growth in both developing and developed economy contexts. The innovations that lead to (i) the roll-out of long-distance energy networks operated by vertically-integrated utilities as a means of delivering affordable and reliable energy, and (ii) viable...

One of the main problems in the analysis of the resource-conflict nexus is the heterogeneity of the ownership structures and the extraction sites profitability for the same natural resources even within the same state. We contend that the reliance on national-level resource income data biases...

The paper discusses options available to tax mineral extraction projects particularly in developing countries. A desirable government share of the economic rent generated from mineral extraction can be achieved through different tax and non-tax instruments. This gives some room to design a...

The paper reviews the debate about transparency in extractive industry commodities trade. It examines the obstacles to improved transparency. A critical review of the experience with estimating losses from a lack of transparency concludes that many of the published estimates of losses from...

This paper explores the potential impacts of the transition to a low-carbon future for the taxation of extractive resources. The global debate on climate change has firmly moved on from the question of whether countries ought to shift towards such a future to that of how they are going to...

The first objective of this paper is to update earlier assessments of mineral dependence in lower-income countries. In 2018, the mining of metals and coal continued to be an important contributor to the economies of several low- and middle-income countries. As in our previous calculations of the...