Financial Reporting Practices of Italian SMEs: Why Do They Disclose More?

Panizzolo, Davide; Fradeani, Andrea; Metushi, Eldi

doi:10.4192/1577-8517-v17_5

Cited by 5 publications

(1 citation statement)

References 45 publications

(50 reference statements)

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“…The third paper deals with determinants of voluntary disclosure in the context of the XBRL mandate [on this topic in the SEC, see Kaya (2014)] but with reference to Italian SMEs, given that Italian taxonomy extensions are not allowed (but a certain margin of flexibility can be obtained using XHTML in the textual fields present in the note). Panizzolo et al (2017) reveal that the filing software adopted explains the offer of more information than required by Italian law.…”

Section: Results Of the Systematic Literature Reviewmentioning

confidence: 99%

Twenty years of XBRL: what we know and where we are going

Bartolacci

Caputo

Fradeani

et al. 2020

MEDAR

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Purpose This paper aims to extend the knowledge of eXtensible Business Reporting Language (XBRL) to synthesize what 20 years of accounting and business literature on XBRL suggests about the effective improvement from its implementation in financial reporting. Design/methodology/approach A systematic literature review and bibliometric analysis of 142 articles resulted in the identification of 5 primary research streams: adoption issues; financial reporting; decision-making processes, market efficiency and corporate governance; audit and assurance issues; and non-financial reporting. Findings The results reveal a scarcity of studies devoted to explicating the consequences of XBRL implementation on financial reporting outside the SEC’s XBRL mandate and listed companies’ contexts.. Also, some papers’ results question the usefulness of the language on the decision-making process. The overall lack of literature concerning the impact of XBRL on financial statement preparers, especially with reference to SMEs, is evident. Moreover, the consequences on corporate governance choices and the relevant internal decision-making processes are rarely debated. Research limitations/implications The findings are useful for users of companies’ financial disclosure policies, particularly for regulators who manage XBRL implementation in countries where XBRL has not yet been adopted as well as for others working in specific areas of financial disclosure, such as non-financial reporting and public sector financial reporting. Originality/value This study differs from previous literature on XBRL as it focuses on a wider period of analysis and offers a unique methodology – combination of bibliometric and systematic review – as well as a business perspective for deepening XBRL.

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Section: Results Of the Systematic Literature Reviewmentioning

confidence: 99%

Twenty years of XBRL: what we know and where we are going

Bartolacci

Caputo

Fradeani

et al. 2020

MEDAR

Self Cite

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Internet of things: Emerging impacts on digital reporting

Valentinetti

Muñoz

2021

Journal of Business Research

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The role of the notes to the financial statements in corporate decision-making

Fenyves¹,

Bács²,

Zéman³

et al. 2018

COC

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For the analyses, we used the notes to the financial statements of companies with Hungarian headquarters, which are regulated by the Accounting Act and which have information-technology services as their primary activity of the business. The primary objective of our research was to examine the extent to which the enterprises investigated fulfill their obligations determined by the Accounting Act to disclose all needed information in the general and informative parts of the notes to the financial statement. The analysis was performed using text mining, and the results were evaluated with non-parametric statistical methods. Based on the analysis, we can state that the investigated companies presented proportionally less information in the general part of the notes to the financial statements as compared to the informative part. However, even the highest frequency did not exceed 70%. Based on the χ2 test, we can state that the frequency of occurrence of the majority of information sought using text mining significantly differs by company type, and this difference mostly occurred amongst Ltds and Lps, in favor of Ltds. As a conclusion, it can be deduced that the investigated companies do fully not meet the legal requirements for the information provided in the notes to the financial statements. This incompleteness may cut down on the decision-making ability of the companies concerned.

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Financial Reporting Practices of Italian SMEs: Why Do They Disclose More?

Cited by 5 publications

References 45 publications

Twenty years of XBRL: what we know and where we are going

Twenty years of XBRL: what we know and where we are going

Internet of things: Emerging impacts on digital reporting

The role of the notes to the financial statements in corporate decision-making

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