The impact of XBRL on forecast accuracy across nations
by Chunhui Liu; Grace O'Farrell
International Journal of Services and Standards (IJSS), Vol. 8, No. 3, 2013

Abstract: An important managerial question and regulatory concern in the international arena is whether value realisation from XBRL (eXtensible Business Reporting Language), the new global data standard for business financial reporting, depends on national culture. In a study representing six nationalities, we explore the role of national culture in moderating the impact of mandatory adoption of XBRL on analyst forecast accuracy. Results show that national culture influences the impact of XBRL adoption on forecast accuracy. In addition, XBRL is found to positively associate with forecast accuracy. Our findings have immediate benefits for regulators, filers, information consumers, the accounting profession and other stakeholders.

Online publication date: Sat, 20-Sep-2014

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