The impact of XBRL adoption in PR China

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review

18 Scopus Citations
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Detail(s)

Original languageEnglish
Pages (from-to)242-249
Journal / PublicationDecision Support Systems
Volume59
Issue number1
Publication statusPublished - Mar 2014

Abstract

EXtensible Business Reporting Language (XBRL) is expected to develop into the global data standard for business financial reporting with the potential to change the way that decisions are made. Thus, understanding its value realization in the proper business context is a vitally important issue. This study examines the impact of initial mandatory adoption of XBRL on organizations' cost of capital and transaction costs in PR China. As transaction cost theory predicts, the uncertainty related to the unproven technology increases transaction costs and the cost of capital during the early adoption period. Implications have immediate benefits for regulators, filing organizations, information consumers, the accounting profession, and other stakeholders. © 2013 Elsevier B.V. All rights reserved.

Research Area(s)

  • Business value of information technology, Cost of capital, Empirical studies, Transaction cost theory, XBRL (eXtensible Business Reporting Language)

Citation Format(s)

The impact of XBRL adoption in PR China. / Liu, Chunhui; Luo, Xin; Sia, Choon Ling; O'Farrell, Grace; Teo, Hock Hai.

In: Decision Support Systems, Vol. 59, No. 1, 03.2014, p. 242-249.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalNot applicablepeer-review