The impact of XBRL adoption in PR China

Chunhui Liu; Xin(Robert) Luo; Choon Ling Sia; Grace O'Farrell; Hock Hai Teo

doi:10.1016/j.dss.2013.12.003

The impact of XBRL adoption in PR China

Chunhui Liu, Xin(Robert) Luo, Choon Ling Sia, Grace O'Farrell, Hock Hai Teo

Department of Information Systems

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

37 Citations (Scopus)

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.

Original language	English
Pages (from-to)	242-249
Journal	Decision Support Systems
Volume	59
Online published	14 Dec 2013
DOIs	https://doi.org/10.1016/j.dss.2013.12.003
Publication status	Published - Mar 2014

Bibliographical note

Full text of this publication does not contain sufficient affiliation information. Related Research Unit(s) information for this record is supplemented by the author(s) concerned.

Research Keywords

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

Access Output

10.1016/j.dss.2013.12.003

Other Access Options

Check CityUHK Library

Permanent Link

Right click to copy link

Cite this

@article{057be32c0af34b869fd1f9581956e6a7,

title = "The impact of XBRL adoption in PR China",

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.",

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

author = "Chunhui Liu and Xin(Robert) Luo and Sia, {Choon Ling} and Grace O'Farrell and Teo, {Hock Hai}",

note = "Full text of this publication does not contain sufficient affiliation information. Related Research Unit(s) information for this record is supplemented by the author(s) concerned.",

year = "2014",

month = mar,

doi = "10.1016/j.dss.2013.12.003",

language = "English",

volume = "59",

pages = "242--249",

journal = "Decision Support Systems",

issn = "0167-9236",

publisher = "Elsevier B.V.",

}

TY - JOUR

T1 - The impact of XBRL adoption in PR China

AU - Liu, Chunhui

AU - Luo, Xin(Robert)

AU - Sia, Choon Ling

AU - O'Farrell, Grace

AU - Teo, Hock Hai

N1 - Full text of this publication does not contain sufficient affiliation information. Related Research Unit(s) information for this record is supplemented by the author(s) concerned.

PY - 2014/3

Y1 - 2014/3

N2 - 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.

AB - 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.

KW - Business value of information technology

KW - Cost of capital

KW - Empirical studies

KW - Transaction cost theory

KW - XBRL (eXtensible Business Reporting Language)

UR - http://www.scopus.com/inward/record.url?scp=84897602422&partnerID=8YFLogxK

UR - https://www.scopus.com/record/pubmetrics.uri?eid=2-s2.0-84897602422&origin=recordpage

U2 - 10.1016/j.dss.2013.12.003

DO - 10.1016/j.dss.2013.12.003

M3 - RGC 21 - Publication in refereed journal

SN - 0167-9236

VL - 59

SP - 242

EP - 249

JO - Decision Support Systems

JF - Decision Support Systems

ER -

The impact of XBRL adoption in PR China

Abstract

Bibliographical note

Research Keywords

Access Output

Other Access Options

Permanent Link

Other Files and Links

Fingerprint

Cite this