XBRL adoption and cost of debt

Syou Ching Lai, Yuh Shin Lin, Yi Hung Lin, Hua Wei Huang

研究成果: Article同行評審

10 引文 斯高帕斯(Scopus)

摘要

Purpose - This paper aims to examine the relation between the cost of debt and the adoption of eXtensible Business Reporting Language (XBRL). Design/methodology/approach - The financial data are obtained from the Compustat database. Regression analysis is used to examine the research hypotheses. Findings - The authors find that both voluntary and mandatory adoption of XBRL lead to a lower cost of debt for firms, with weak evidence that this reduction is greater for the former than the latter. Research limitations/implications - The findings support the policy of the USA Securities and Exchange Commission (SEC), and thus this paper recommends that adoption of XBRL should be mandatory for all public firms. Practical implications - The findings encourage top managers to develop their firms' XBRL systems. Originality/value - The results support the SEC's policy of mandatory XBRL adoption, as it can lead to greater financial reporting transparency and mitigate information asymmetry between management and bondholders.

原文English
頁(從 - 到)199-216
頁數18
期刊International Journal of Accounting and Information Management
23
發行號2
DOIs
出版狀態Published - 2015 五月 5

All Science Journal Classification (ASJC) codes

  • 管理資訊系統
  • 會計
  • 經濟學、計量經濟學和金融學 (全部)

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