Does the XBRL Reporting Format Provide Incremental Information Value? A Study Using XBRL Disclosures During the Voluntary Filing Program.
This study investigates whether the eXtensible Business Reporting Language (XBRL) reporting format provides incremental information value beyond the same 10K/10Q filings previously provided in HTML format. Using a sample from the XBRL Voluntary Filing Program, we document a significant increase in s...
| Publicado en: | Abacus Vol. 52; no. 2; pp. 259 - 286 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
Jun2016
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=116102062&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 116102062 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00013072 AUB jtl: Abacus issn: 00013072 maglogo: Y pubinfo: dt: Jun2016 vid: 52 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 116102062 10.1111/abac.12079 ppf: 259 ppct: 27 formats: fmt: – @attributes: type: T – @attributes: type: P size: 229KB tig: atl: Does the XBRL Reporting Format Provide Incremental Information Value? A Study Using XBRL Disclosures During the Voluntary Filing Program. aug: au: Efendi, Jap Park, Jin Dong Subramaniam, Chandra affil: University of Sydney Towson University University of Texas at Arlington su: XBRL (Document markup language) HTML (Document markup language) Stock prices Text processing (Computer science) Corporate profits sug: subj: XBRL (Document markup language) HTML (Document markup language) Stock prices Text processing (Computer science) Corporate profits keyword: Financial reporting technology Information content Information value Standard Business Reporting XBRL ab: This study investigates whether the eXtensible Business Reporting Language (XBRL) reporting format provides incremental information value beyond the same 10K/10Q filings previously provided in HTML format. Using a sample from the XBRL Voluntary Filing Program, we document a significant increase in stock price variance on the day when voluntary XBRL reports are filed. We find market response is stronger when more content is filed on the same day. To evaluate relative information value, we decompose the quarterly return variance for three primary news announcements related to earnings including earnings announcement, HTML filing, and XBRL filing. We find XBRL filings have larger relative information value than HTML filings. Our results indicate that the XBRL reporting format provides incremental information content. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Abacus is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Abacus holder: Wiley-Blackwell dt: @attributes: year: 2016 holdings: @attributes: islocal: N |
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