The impact of XBRL adoption on stock markets development

Wafa Sassi; Hakim Ben Othman; Khaled Hussainey

The impact of XBRL adoption on stock markets development

Wafa Sassi, Hakim Ben Othman, Khaled Hussainey

Research output: Contribution to journal › Article › peer-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 language	English
Journal	Asia-Pacific Management Accounting Journal
Publication status	Accepted for publication - 28 Dec 2020

Keywords

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

Cite this

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title = "The impact of XBRL adoption on stock markets development",

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.",

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author = "Wafa Sassi and Othman, \{Hakim Ben\} and Khaled Hussainey",

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AU - Hussainey, Khaled

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N2 - 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.

AB - 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.

KW - XBRL

KW - development of capital markets

KW - panel estimation techniques

KW - cross-countries study

M3 - Article

SN - 1675-3194

JO - Asia-Pacific Management Accounting Journal

JF - Asia-Pacific Management Accounting Journal

ER -

The impact of XBRL adoption on stock markets development

Abstract

Keywords

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