Accounting for long-tail asbestos liabilities: Metaphor and meaning |
| |
Authors: | Lee Moerman Sandra van der Laan |
| |
Affiliation: | a University of Wollongong, Australia;b University of Sydney, Australia |
| |
Abstract: | This paper examines the different meanings of the ‘long-tail’ metaphor in the corporate environment. Using the case study of James Hardie Industries, this paper analyses the disclosure of corporate long-tail liabilities arising from asbestos operations under different regulatory frameworks. This analysis demonstrates the long-tail metaphor is redefined and reshaped in accounting discourse to fit with extant reporting frameworks rather than representing any legally enforceable claim or future liability. It also demonstrates that, as well as functioning symbolically to enable understanding of complex phenomena, the long-tail metaphor can be harnessed as a tool to objectify financial risks and justify corporate strategy. |
| |
Keywords: | Accounting Asbestos Metaphor Long-tail liabilities James Hardie Industries |
本文献已被 ScienceDirect 等数据库收录! |