The impact of adoption of the XBRL on the development of stock markets / Wafa Sassi, Hakim Ben Othman and Khaled Hussainey

Sassi, Wafa and Ben Othman, Hakim and Hussainey, Khaled (2021) The impact of adoption of the XBRL on the development of stock markets / Wafa Sassi, Hakim Ben Othman and Khaled Hussainey. Asia-Pacific Management Accounting Journal (APMAJ), 16 (2): 33. pp. 95-127. ISSN (eISSN):2550-1631

Abstract

The paper examines the impact of adoption of the eXtensible Business Reporting Language (XBRL) on the development of stock markets using a large international sample. Our analysis was based on panel estimation techniques for 18 countries for a period of 20 years from 2000 to 2019. Our analysis provided empirical evidence that the adoption of the XBRL has a negative impact on the development of stock markets. This implies that strict policies are needed for the successful adoption of the XBRL and also a mechanism is needed to ensure that stakeholders understand the value of the information provided by the XBRL formatted financial reports.

Metadata

Item Type: Article
Creators:
Creators
Email / ID Num.
Sassi, Wafa
UNSPECIFIED
Ben Othman, Hakim
UNSPECIFIED
Hussainey, Khaled
Khaled.Hussainey@port.ac.uk
Subjects: H Social Sciences > HG Finance > Financial management. Business finance. Corporation finance
H Social Sciences > HG Finance > Investment, capital formation, speculation
Divisions: Universiti Teknologi MARA, Shah Alam > Accounting Research Institute (ARI)
Journal or Publication Title: Asia-Pacific Management Accounting Journal (APMAJ)
UiTM Journal Collections: UiTM Journal > Asia-Pacific Management Accounting Journal (APMAJ)
ISSN: (eISSN):2550-1631
Volume: 16
Number: 2
Page Range: pp. 95-127
Keywords: XBRL, development of capital markets, panel estimation techniques
Date: August 2021
URI: https://ir.uitm.edu.my/id/eprint/2897
Edit Item
Edit Item

Download

[thumbnail of 2897.pdf] Text
2897.pdf

Download (587kB)

ID Number

2897

Indexing