Determinants of eXtensible business reporting language adoption: an institutional perspective

Borgi, Hela; Tawiah, Vincent

doi:10.1108/ijaim-11-2021-0242

Cited by 12 publications

(4 citation statements)

References 58 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Kim et al (2012) show that adopting XBRL technology in the financial reporting process leads to better disclosure and lower information asymmetry. Generally, regulators tend to use XBRL to enhance the transparency of capital markets for actual and potential investors (Borgi and Tawiah, 2022).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Impact of XBRL adoption on financial reporting quality: a global evidence

Tawiah

Borgi

2022

ARJ

Self Cite

View full text Add to dashboard Cite

Purpose This paper aims to examine the effect of eXtensible Business Reporting Language (XBRL) adoption on financial reporting quality at the country-level (developing and developed countries). Design/methodology/approach This study uses data from 98 developed and developing countries between 2005 and 2018. This study collected data from various sources such as the World Economic Forum, World Development Indicators, World Governance Indicators and XBRL website. Findings The results show that XBRL is associated with an increased financial reporting quality. However, the relationship is stronger in developing countries than in developed countries. This study also finds that the results remain the same after accounting for years of XBRL experience and the effect of accounting globalisation. The results are consistent with the assumption that XBRL-formatted financial statements improve information efficiency through increased searching efficiency, quality of display and comparability. The results are robust to alternative econometric modifications such as controlling for country, year effects and endogeneity. Practical implications The results can potentially assist the XBRL promoters and regulators in expeditiously assessing the benefits of XBRL and advocating its adoption by many countries. The findings offer more motivations for regulators around the world to mandate this new filing standard format. Originality/value This study contributes to the literature by providing empirical evidence on the consequences of XBRL at the country level. This study provides evidence on an important question of whether the XBRL, new information technology in the accounting field, can play a useful role in improving financial reporting.

show abstract

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Impact of XBRL adoption on financial reporting quality: a global evidence

Tawiah

Borgi

2022

ARJ

Self Cite

View full text Add to dashboard Cite

show abstract

“…IFR allows dynamic kinds of presentation unavailable in the paper paradigm, including direct user engagement with corporate databases, multimedia, and video sound. XBRL, an XML‐based protocol for fast, automated financial data retrieval, is one of IFR's latest innovations (Borgi & Tawiah, 2022; Kesavan et al, 2021). The benefits of publishing financial performance information through this IFR include presenting information more often, relatively low costs, attractive presentations, comprehensive coverage, profiling, and unique access, and increasing the image.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Internet financial reporting disclosure index of e‐commerce businesses on social media

Probowulan,

Ardianto

2024

Intell Sys Acc Fin Mgmt

View full text Add to dashboard Cite

SummaryThe study measured the Internet Financial Reporting (IFR) disclosure index and compared the results across three continents of the global e‐commerce business. In addition, it documents various social media platforms used by e‐commerce. We use content analysis with a scoring matrix based on content, timeliness, technology, and support used in websites and a one‐way ANOVA. The findings identified an average IFR e‐commerce disclosure index of 0.735, which is of good quality as it approaches the value of 1. There is no difference in index IFR between the three continental zones overall, but slightly different from non‐e‐commerce companies. The results also prove that websites and blog media still dominate the use of social media, while other social media platforms have not provided financial information. Researchers in accounting have not conducted research topics on social media, so there are still limited references and narrow analytical content. This research will interest the e‐commerce business industry and compile their financial reporting through the website to improve the quality of their IFR and financial access. Since the e‐commerce business is an internet‐based company growing significantly, it can use other social media to reveal its reporting as decent work and economic growth. This subject is relatively innovative because none of the IFR disclosure index studies focuses on e‐commerce businesses on social media. It fills the research gap related to the characteristics of e‐commerce businesses, where almost all activities are internet‐based.

show abstract

“…The results suggest that there is a presence of the first-order autocorrelation of random errors and indicate that the Homoskedacity assumption is not satisfied. Hence, we cluster standard errors in two dimensions between firms and years to correct the potential effect of heteroscedasticity and autocorrelation (Borgi & Tawiah, 2022;Gow et al, 2010). This method is also used by Borgi et al (2021) and Baatwah et al (2015).…”

Section: Multivariate Regressionmentioning

confidence: 99%

Drivers of firms’ sociability on social media: Evidence from an emerging country

Borgi¹

2023

10.5267/j.ijdns

View full text Add to dashboard Cite

The purpose of this paper is to investigate the drivers of firms’ sociability on social media (SM), an unregulated area, in an emerging country, namely, Kingdom of Saudi Arabia (KSA). The sample of this study is 345 non-financial listed firms on Tadawul stock exchange during 2016-2019. Data are collected from several sources such as annual reports, the official website of the sample companies. Other data are collected manually such as the presence of the CEO and the sampled companies on SM. Our findings show that firm size and leverage level are important firms’ characteristics that drive firms’ sociability on social media. The finding shows that CEO sociability on social media is a key CEOs’ characteristic that drives firms’ sociability on social media. Further analysis reports that there is a complementary effect between CEO’s sociability on social media and firm size in increasing firms’ sociability on SM. The findings also show that there is a complementary effect between CEO’s sociability on social media and firm leverage in increasing firms’ sociability on SM. This study contributes to the disclosure literature by providing empirical evidence of the drivers of firms’ sociability on SM, an unregulated area in KSA. It also complements the considerable literature on voluntary disclosure which ignores the use of SM platforms as a “new” voluntary type of reporting. The present study complements recent literature on the adoption of SM by providing evidence that the sociability of top leaders is a driver of firms’ sociability on SM.

show abstract

Determinants of eXtensible business reporting language adoption: an institutional perspective

Cited by 12 publications

References 58 publications

Impact of XBRL adoption on financial reporting quality: a global evidence

Impact of XBRL adoption on financial reporting quality: a global evidence

Internet financial reporting disclosure index of e‐commerce businesses on social media

Drivers of firms’ sociability on social media: Evidence from an emerging country

Contact Info

Product

Resources

About