Understanding inhibitors to XBRL adoption: an empirical investigation

Abstract

Purpose This study aims to investigate the awareness of extensible business reporting language (XBRL) and the perception of chartered accountants of India concerning the inhibitors of XBRL adoption, namely, environmental, organizational and innovation factors developed by Troshani and Rao (2007) from Rogers’ innovation diffusion theory. In addition, the analysis also investigated the relationship between the perception of issues regarding XBRL adoption and individual characteristics (training, age, gender and professional experience). Design/methodology/approach A Web-based questionnaire was circulated through e-mail to chartered accountants registered with the Institute of Chartered Accountants India (ICAI) and 233 chartered accountants responded to the questionnaire. The data was analyzed using reliability statistics and multivariate regression analyses. Findings The results indicate that accountants perceived that environmental, organizational and innovational factors were challenging in adopting XBRL. Interestingly, training and experience were significant factors in explaining respondents’ perceptions. Practical implications From a practical panorama, the significance of issues implies that associations such as XBRL International, XBRL India, ICAI and the Ministry of Corporate Affairs should collectively take the appropriate steps to sustain and ameliorate the reliability and adoption of XBRL. Social implications The results can motivate ICAI/Institute of Company Secretaries of India (ICSI) courses to teach academic content about XBRL. Originality/value The present study differs from previous research because it examines the inhibitors in adopting XBRL, namely, environmental, organizational and innovation factors, in an empirical setting. Moreover, to the best of the author’s knowledge, this is the first study to analyze the influence of individual factors on accountants’ perceptions about inhibitors of XBRL adoption.

Impact of E-Payment Platforms Among Selected Micro-Entrepreneurs in Taguig City: Determinants for Enhanced Guidelines in Collection and Disbursement Process

“…The authors found that firm size and industry sector did not significantly affect the adoption of epayment systems, which also found no significant relationship between microentrepreneurs use of e-payment and position or business location. These findings are consistent with the study by Singh and Dwivedi (2021) examines the factors influencing the adoption of e-payment systems in micro-enterprises. One of the findings is that the business profile variables of micro-enterprises, including business type, size, and years in operation, do not significantly affect the adoption of e-payment systems.…”

Use of the XBRL Language:

“…According to Graeml (2003) e Weill e Ross (2020), the benefits derived from the adoption of a technology are a function of the actual consequence of its adoption. Thus, the more a technology is adopted, the more it is used, the more can be learned about it (Singh & Singh, 2022), and the more it will be developed and improved, since it will be better understood.…”

Integrating technology acceptance model with diffusion of innovation theory: an empirical investigation of the usage behaviour of XBRL-based Malaysia business reporting system

“…Previous studies have used TAM or DIT to explain XBRL (Hentati et al , 2021; Singh and Singh, 2022; Mousa and Pinsker, 2020), which can be used to study technology adoption and innovation in the context of MBRS adoption. TAM and DIT elements can be combined to create a more convincing model (Chen et al , 2002).…”

“…Previous XBRL studies have been conducted to understand the challenges to adoption (Ansary et al , 2020). However, the scope of these studies is less studied in the post-mandate XBRL context (Singh and Singh, 2022), particularly MBRS. Studies on the MBRS have been conducted in developed countries (Alkhatib et al , 2019; Shan and Troshani, 2021; Mousa and Pinsker, 2020; De Martinis et al , 2020) but relatively few in emerging countries such as Malaysia.…”