The impact of XBRL adoption on stock markets development

Wafa Sassi, Hakim Ben Othman, Khaled Hussainey

Research output: Contribution to journalArticlepeer-review

Abstract

The paper examines the impact of eXtensible Business Reporting Language (XBRL) adoption on the development of stock markets using a large international sample. Our analysis is based on panel estimation techniques for 18 countries for a period of 20 years from 2000 to 2019. Our analysis provides empirical evidence that the adoption of XBRL has a negative impact on the development of stock markets. This implies that strict policies are needed for the successful adoption of XBRL and also a mechanism is needed to ensure that stakeholders understand the value of the information provided by XBRL formatted financial reports.
Original languageEnglish
Journal Asia-Pacific Management Accounting Journal
Publication statusAccepted for publication - 28 Dec 2020

Keywords

  • XBRL
  • development of capital markets
  • panel estimation techniques
  • cross-countries study

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