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The impact of mandatory adoption of XBRL on firm’s stock liquidity: a cross-country study

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The impact of mandatory adoption of XBRL on firm’s stock liquidity: a cross-country study. / Sassi, Wafa; Othman, Hakim Ben; Hussainey, Khaled.

In: Journal of Financial Reporting and Accounting, 22.01.2021.

Research output: Contribution to journalArticlepeer-review

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Sassi, Wafa ; Othman, Hakim Ben ; Hussainey, Khaled. / The impact of mandatory adoption of XBRL on firm’s stock liquidity: a cross-country study. In: Journal of Financial Reporting and Accounting. 2021.

Bibtex

@article{b292a36373e244c6bd08b0b839b1b7a9,
title = "The impact of mandatory adoption of XBRL on firm{\textquoteright}s stock liquidity: a cross-country study",
abstract = "Purpose - The purpose of this paper is to examine the impact of the mandatory adoption of eXtensible Business Reporting Language (XBRL) on firm{\textquoteright}s stock liquidity.Design/methodology/approach – Using a random effects model, this study examines the impact of the mandatory adoption of XBRL on firm{\textquoteright}s stock liquidity of 980 companies pertaining to 13 countries for a period from 2000 to 2016. Findings – We find that the mandatory adoption of XBRL enhances firm{\textquoteright}s stock liquidity. In addition, we find that the impact of the mandatory adoption of XBRL on firm{\textquoteright}s stock liquidity is more pronounced in civil law countries than in common law countries.Originality/value – This paper contributes to the literature on the economic consequences of XBRL especially for the civil law countries by examining the impact of the mandatory adoption of XBRL on firm{\textquoteright}s stock liquidity.",
keywords = "XBRL, cross-country analysis, liquidity, civil law, common law",
author = "Wafa Sassi and Othman, {Hakim Ben} and Khaled Hussainey",
year = "2021",
month = jan,
day = "22",
doi = "10.1108/JFRA-07-2020-0207",
language = "English",
journal = "Journal of Financial Reporting and Accounting",
issn = "1985-2517",
publisher = "Emerald Group Publishing Ltd.",

}

RIS

TY - JOUR

T1 - The impact of mandatory adoption of XBRL on firm’s stock liquidity: a cross-country study

AU - Sassi, Wafa

AU - Othman, Hakim Ben

AU - Hussainey, Khaled

PY - 2021/1/22

Y1 - 2021/1/22

N2 - Purpose - The purpose of this paper is to examine the impact of the mandatory adoption of eXtensible Business Reporting Language (XBRL) on firm’s stock liquidity.Design/methodology/approach – Using a random effects model, this study examines the impact of the mandatory adoption of XBRL on firm’s stock liquidity of 980 companies pertaining to 13 countries for a period from 2000 to 2016. Findings – We find that the mandatory adoption of XBRL enhances firm’s stock liquidity. In addition, we find that the impact of the mandatory adoption of XBRL on firm’s stock liquidity is more pronounced in civil law countries than in common law countries.Originality/value – This paper contributes to the literature on the economic consequences of XBRL especially for the civil law countries by examining the impact of the mandatory adoption of XBRL on firm’s stock liquidity.

AB - Purpose - The purpose of this paper is to examine the impact of the mandatory adoption of eXtensible Business Reporting Language (XBRL) on firm’s stock liquidity.Design/methodology/approach – Using a random effects model, this study examines the impact of the mandatory adoption of XBRL on firm’s stock liquidity of 980 companies pertaining to 13 countries for a period from 2000 to 2016. Findings – We find that the mandatory adoption of XBRL enhances firm’s stock liquidity. In addition, we find that the impact of the mandatory adoption of XBRL on firm’s stock liquidity is more pronounced in civil law countries than in common law countries.Originality/value – This paper contributes to the literature on the economic consequences of XBRL especially for the civil law countries by examining the impact of the mandatory adoption of XBRL on firm’s stock liquidity.

KW - XBRL

KW - cross-country analysis

KW - liquidity

KW - civil law

KW - common law

U2 - 10.1108/JFRA-07-2020-0207

DO - 10.1108/JFRA-07-2020-0207

M3 - Article

JO - Journal of Financial Reporting and Accounting

JF - Journal of Financial Reporting and Accounting

SN - 1985-2517

ER -

ID: 23064086