Towards an XBRL-Enabled Corporate Governance Reporting Taxonomy An Empirical Study of NYSE-Listed Financial Institutions

Beerbaum, Dirk

doi:10.2139/ssrn.2857976

Cited by 3 publications

(11 citation statements)

References 324 publications

(297 reference statements)

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Contrary to the worries of the national standard setters there are many sources in the academic literature, which emphasize the advantages (Roohani et al, 2010) and added value of structured electronic reporting using XBRL (Alles and Debreceny, 2012;Beerbaum, 2015;Piechocki, 2007). Structured electronic reporting:…”

Section: Foundation Of Xbrl and The Development Of Taxonomiesmentioning

confidence: 99%

“…To develop a taxonomy is not something first invented by the upcoming electronic reporting. In fact, developing a taxonomy, which is a synonym for classification, has a long history and can be traced back even to the origin of human language (Beerbaum, 2015). The word "taxonomy" has its origin in the Greek verb "taxis", which means "classification", and the noun "nomia", which can be translated as "law".…”

Section: Foundation Of Xbrl and The Development Of Taxonomiesmentioning

confidence: 99%

“…As ESMA also decided in its feedback statement to pursue the IFRS taxonomy, this will increase the relevance of the IFRS taxonomy for many companies and enable a higher degree of comparability once implemented. Principles based accounting supporter argue that their approach is superior to a rule-based approach referring to the following arguments (Beerbaum, 2015):  Provides guidance which enable infinite variations of requirements reflecting circumstances that arise in practice;  Has the ability to steer rapid changes of the modern business environment;  Avoids the development of a deterministic, "box-ticking" approach to decisionmaking and the use of legalistic loopholes to avoid compliance with guidance;  Focuses on the spirit of the guidance and encourage responsibility and the exercise of professional judgement, which are key elements of professions.…”

Section: Foundation Of Xbrl and The Development Of Taxonomiesmentioning

confidence: 99%

See 2 more Smart Citations

Is there a Conflict between Principles-based Standard Setting and Structured Electronic Reporting with XBRL?

Beerbaum¹,

Piechocki²,

Weber³

2018

EFAJ

Self Cite

View full text Add to dashboard Cite

Abstract:National standard setters and external accounting observers continue to express concerns over a principles-based developed IFRS taxonomy. Considering the anticipated but unexpected SEC decision on March 3 rd 2017 to adopt the IFRS taxonomy for electronic filings for Foreign Private Issuers by 2018 and the announcement of ESMA on December 22 nd 2016 to base electronic filings in Europe on the IFRS taxonomy by 2020 signal that national regulators, external accounting observers and international regulators have a dissent. This paper reflects the expressed concerns by national standard setters. Applying a scientific approach, a comprehensive literature review is performed. The research question is if the rules-based IFRS taxonomy implies a conceptual conflict with the principlesbased IFRS. This paper concludes considering the academic literature although there is conceptual conflict between a principles-based accounting standard and the template-based taxonomy, from a normative perspective the IFRS taxonomy improves comparability and transparency supporting true and fair view. Our study also contributes to the principles-based vs. rule-based debate in the academic literature. The new aspect is the role of IT with structured electronic reporting, which requires detailed and specific requirements, for which rule-based accounting has advantages over principles-based accounting.

show abstract

Section: Foundation Of Xbrl and The Development Of Taxonomiesmentioning

confidence: 99%

Section: Foundation Of Xbrl and The Development Of Taxonomiesmentioning

confidence: 99%

Section: Foundation Of Xbrl and The Development Of Taxonomiesmentioning

confidence: 99%

See 1 more Smart Citation

Is there a Conflict between Principles-based Standard Setting and Structured Electronic Reporting with XBRL?

Beerbaum¹,

Piechocki²,

Weber³

2018

EFAJ

Self Cite

View full text Add to dashboard Cite

show abstract

“…Chen (2012) De acordo com Beerbaum (2015), há duas determinantes para a distribuição geográfica da linguagem XBRL: a primeira é a adoção obrigatória por lei ou por algum órgão regulador; a segunda determinante é a adoção voluntária pelas empresas ou preparadores das informações.…”

Section: Justificativaunclassified

“…O Australian Prudential Regulatory Authority, em 2002, foi o primeiro regulador a exigir XBRL para controlar a liquidez das instituições financeiras. A China iniciou um programa de adoção não mandatória da linguagem XBRL em 2003 e foi um dos primeiros países a exigir, de forma obrigatória, geração e comunicação de informações financeiras em XBRL (Beerbaum, 2015).…”

Section: A Difusão Geográfica Da Linguagem Xbrlunclassified

Incentivos para a adoção e a utilização da linguagem XBRL pelas companhias em sua comunicação com o mercado

Geron¹

View full text Add to dashboard Cite

Use of the XBRL Language:

Geron,

Riccio,

Grecco

2023

Int. J. Innov.

View full text Add to dashboard Cite

Objective of the study: the general objective of this paper was to verify what the perceived benefits and difficulties are in using the XBRL language to communicate financial information to the market. Methodology: To achieve this general objective, we prepared a survey and we used descriptive and multivariate statistics to analyses the data. Originality: There are few articles that research the Brazilian reality about the adoption of the XBRL language. In addition to having respondents who are users and know the language, we asked about the perception of users and preparers about the benefits of financial information that had the characteristics of files in XBRL. Main results: It was concluded that the preparation of and interaction with XBRL files are not easy and the use of XBRL does not reduce file preparation errors. The costs of preparing XBRL files are no higher than for other file types. Thus, any possible adoption of the XBRL language in Brazil would not mean a significant cost increase for companies after the learning period. The perception of transparency in relation to the company increases, which can improve its image and contribute to a reduction in informational asymmetry. Theoretical contributions: The work corroborates the determinants of innovation adoption, according to TRA, TAM and Diffusion of Innovation (Rogers). In addition, it confirms the perception of benefits pointed out in the literature by users and preparers of financial information. Social / management contributions: The work contributes to the discussion of the adoption of practical aspects by regulatory bodies to increase the transparency of companies in Brazil.

show abstract

Towards an XBRL-Enabled Corporate Governance Reporting Taxonomy An Empirical Study of NYSE-Listed Financial Institutions

Abstract: Within the NYSE-listed Foreign Private Issuers, the sample comprises 75% of the total market capitalization of all financial institutions.

Cited by 3 publications

References 324 publications

Is there a Conflict between Principles-based Standard Setting and Structured Electronic Reporting with XBRL?

Is there a Conflict between Principles-based Standard Setting and Structured Electronic Reporting with XBRL?

Incentivos para a adoção e a utilização da linguagem XBRL pelas companhias em sua comunicação com o mercado

Use of the XBRL Language:

Contact Info

Product

Resources

About