Drivers and Inhibitors to XBRL adoption

Troshani, Indrit; Rao, Sally

doi:10.4018/jebr.2007100106

Cited by 54 publications

(29 citation statements)

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“…According to David (2016), the perceived instability of the XBRL specification and taxonomy is a barrier for XBRL adoption. Similar to earlier XBRL adoptions in Australia, Troshani and Rao (2007) had noticed that unstable XBRL specifications were a major inhibitor to XBRL adoption. Furthermore, Doolin and Troshani (2007) suggested that a high degree of change creates uncertainty in an innovation, thus, reducing the willingness of organisations to experiment with or invest in the new technology and effectively hindering its adoption.…”

Section: Officer C2supporting

confidence: 62%

Early Evidence on the XBRL Adoption Process in Malaysia: Drivers and Challenges on the Technological Perspective

Ilias

Ghani

Azhar

2020

HSSR

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Purpose: This study aims to identify technological factors and how these factors influence the XBRL adoption process of the regulators in Malaysia. Methodology: This paper applied Rogers’s (1983) adoption process and DiPietro, Wiarda, and Fleischer’s (1990) Technological, Organisational, and Environmental (TOE) framework. The paper adopted a case study approach consisting of an interview and document analysis. The data has been analysed with thematic analysis. Results: This paper shows ten (10) factors within the technological perspective—the relative advantage as driving factor while trialability are the challenging factor in the knowledge and persuasion phase. In the decision-making phase, compatibility of XBRL taxonomy and stability production of XBRL instance documents are the driving factors whilst stability of XBRL taxonomy, standardised XBRL taxonomy, standardised XBRL submission, availability of tools and software and observability are challenges in the XBRL adoption process. In the implementation and confirmation phase, the complexity of the XBRL taxonomy is considered a challenge in the XBRL adoption process. Implications: The findings in this paper serve as strategies to the other regulators that have plans to adopt XBRL as well as to attract the different government agencies to start with XBRL for reporting.

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Section: Officer C2supporting

confidence: 62%

Early Evidence on the XBRL Adoption Process in Malaysia: Drivers and Challenges on the Technological Perspective

Ilias

Ghani

Azhar

2020

HSSR

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“…Moreover, XBRL adoption offers a competitive advantage to XBRL adopters (Pinsker & Li, 2008). Troshani and Doolin (2005) suggested that XBRL is perceived as a form of competitive advantage in relation to increased quality and efficiency. Similarly, Cordery et al (2011) identified a relative advantage to influence the decision of companies to adopt XBRL in New Zealand.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Hence, with the involvement of various parties during the adoption process, the process becomes more complex, thus, sufficient and capable expertise is needed to handle emerging issues. Various researchers have agreed that the issue of complexity is one of the challenges faced when adopting XBRL (Troshani & Doolin, 2005;Troshani & Rao, 2007) as complexity of XBRL taxonomy and specifications could diminish XBRL usefulness (Bartley, Chen & Taylor, 2011). In the case of non-adoption, David (2016) found that complexity influences the organisation to abandon XBRL.…”

Section: Literature Reviewmentioning

confidence: 99%

Factors Influencing Knowledge and Persuasion of Financial Regulators in the XBRL Adoption Process: The Technological Perspective

Ilias¹,

Ghani

Azhar

2019

IJFR

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This study examined the factors influencing XBRL adoption process among the Malaysian regulators in the financial reporting environment. Specifically, this study aims to examine the drivers and challenges in the knowledge and persuasion phase faced by the Malasyain regulators in their adoption process of XBRL. This study relied on two frameworks namely, the adoption process framework with specific focus on knowledge and persuasion, and the TOE framework focusing on technological context. Using a qualitative approach, this study found that within the technological context, relative advantage and trialability were the drivers in the knowledge and persuasion phase. This study also found that the regulators were aware of XBRL and had made efforts to understand the XBRL taxonomy. However, the regulators were needed to develop the internal capability of their organisations since different regulators have shown different factors during the knowledge and acquisition phase that is necessary for XBRL adoption. The findings in this study serve as guidelines to other regulators in Malaysia and other countries that have plans to adopt XBRL.

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“…and Cordery et al (2011) suggest that a governmental mandate is needed in different countries before XBRL becomes more widely used. Several other studies , Troshani and Rao (2007), Ghani et al (2009), Azam and Taylor (2011)) have examined many aspects of the XBRL phenomenon including adoption strategies, technological innovations, variations in adoption, user perceptions, gaps and misfits, and complexities associated with XBRL implementation. Yoon et al (2011) examine whether or not XBRL adoption reduces information asymmetry in the Korean stock market.…”

Section: Literature Reviewmentioning

confidence: 99%

Voluntary XBRL Adopters and Firm Characteristics: An Empirical Analysis

Ragothaman¹

2012

IJDAR

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Some of the governance weaknesses stem from the information asymmetry between insiders and the investing public. One way to mitigate the information asymmetry problem is to enhance accounting disclosures through XBRL format. In this paper, we analyze financial characteristics of voluntary adopters of XBRL. We build a multivariate logistic regression model to examine the relationship between firm characteristics and voluntary XBRL adopters. The new results of this study indicate that plant intensity (political costs), PE ratio (growth), and inventory ratio (complexity) are useful in discriminating voluntary "XBRL adopters" from non-adopters. We also confirm prior results with respect to firm size and debt ratio. We also build a multiple regression model and use the Governance Score developed by Brown and Caylor (2006) to further investigate the relationship between corporate governance rating and operating performance for voluntary XBRL adopters. Our results indicate that current ratio (liquidity), size, and auditor type are associated with corporate governance rating for voluntary adopters of XBRL.

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Drivers and Inhibitors to XBRL adoption

Cited by 54 publications

References 0 publications

Early Evidence on the XBRL Adoption Process in Malaysia: Drivers and Challenges on the Technological Perspective

Early Evidence on the XBRL Adoption Process in Malaysia: Drivers and Challenges on the Technological Perspective

Factors Influencing Knowledge and Persuasion of Financial Regulators in the XBRL Adoption Process: The Technological Perspective

Voluntary XBRL Adopters and Firm Characteristics: An Empirical Analysis

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