A Decade of XBRL Research in Accounting in Indonesia: A Literature Study

Abstract

XBRL research in Indonesia has only begun to show its existence after a decade of the presence of this technology, which is around 2010. This phenomenon in Indonesia has motivated the researchers to look at the history of the development of XBRL research as a sub-area of Accounting in Indonesia in bibliographic form for over one decade. The researchers are making an effort to describe the development of XBRL research in Indonesia and review the possible potential for XBRL research in Indonesia in the future. The method used is a literature review on published articles indexed in Scopus and Sinta. Based on the 21 articles selected, XBRL research topics in Indonesia are divided into four areas, i.e., its influence on business, adoption, technology development, and XBRL education. Based on the review results, XBRL research in Indonesia is still limited in using empirical research with quantitative methods. This study could be a relevant illustration of how adopting the XBRL format is implemented in developing countries like Indonesia. This comprehensive literature review could enrich the knowledge and inspire other developing countries, which may be at the same stage as Indonesia, to adopt this technology in the business environment.

The effect of XBRL adoption on corporate tax avoidance: empirical evidence from an emerging country

“…Such indicators could include the current state and trends (over longer time periods) of the difference between pretax and taxable income, the ETR, unusually low tax liabilities and uncertain tax benefits. In addition, XBRL financial reporting in Indonesia only involves tags for information in the financial statements and does not incorporate tags for the disclosure section (Indonesia Stock Exchange, 2021; Saragih et al , 2021). The disclosure of financial reports, on the other hand, plays an important role in conveying useful information from companies that is not explained in the financial statements.…”

“…The research periods of 2010 and 2019, which correspond to the years 2008–2009 and 2020–2021, respectively, could not be included due to the global financial crisis and the impact of the COVID-19 pandemic on economic conditions. As a result, the period from 2011 to 2018 was chosen, in light of Indonesia’s mandatory adoption of XBRL in 2015 (Indonesia Stock Exchange, 2021; Saragih et al , 2021). Specifically, the pre-XBRL adoption period is 2011 to 2014, and the post-XBRL adoption period is 2015 to 2018.…”

The role of XBRL adoption on the association between managerial ability and corporate tax outcomes: empirical evidence from Indonesia

“…This may occur due to the limited taxonomy of corporate taxation information contained in the XBRL format. Based on the information on the Indonesia Stock Exchange website as well as firms’ XBRL financial reporting until 2020, XBRL financial reporting in Indonesia only includes tags for information in financial statements and does not include tags for the disclosure section yet (see Indonesia Stock Exchange, 2021; Saragih et al. , 2021) whereas the disclosure of financial reports plays a strategic role in conveying valuable information from companies that is not explained in the financial statements.…”

The Influence of XBRL, Independent Commissioner, Management Ownership, and Operation Complexity on Timeliness of Financial Reporting: Evidence from Indonesian Energy Sector

“…First, it adds to the body of knowledge on how the use of XBRL affects the promptness of financial reporting of companies in the energy sector listed on the Indonesia Stock Exchange. Although the XBRL format may affect how quickly information is processed to improve the timeliness of financial reporting, there is limited research on XBRL quantitative research Saragih et al (2021). Second, this study contributes to the current research to explore evidence regarding the independent commissioner, managerial ownership, and operation complexity as timeliness drivers.…”