XBRL to enhance external financial reporting: Should we implement or not? Case Company X

Eierle, Brigitte; Ojala, Hannu; Penttinen, Esko

doi:10.1016/j.jaccedu.2014.04.003

Cited by 17 publications

(25 citation statements)

References 8 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Once a critical mass is reached, the benefits to early adopters are apparent and this provides a strong incentive for others to use XBRL, thus increasing diffusion. As a type of an open standard technology, XBRL enjoys two significant network effects (Eierle et al, 2014): trading community influence (from a company's customers and suppliers) and peer influence (from the company's competitors), which are positively associated with the use of technology. In light of this argument, we postulate the following hypothesis: The theoretical model…”

Section: Business Environment Contextmentioning

confidence: 99%

“…Digital reporting is underpinned by XBRL, which is an open standard for creating, exchanging and analysing business information over the Internet (Eierle et al, 2014). The number of Standard Business Reporting (SBR) implementation projects based on XBRL is growing rapidly.…”

Section: Introductionmentioning

confidence: 99%

“…It requires the creation of a taxonomy that provides standardised information descriptions and formats, and allows the data to be tagged (Dhole et al, 2015). This drives out duplicated data and unnecessary descriptions (Eierle et al, 2014). In 2010, inline XBRL (iXBRL) was developed in the UK to absorb large amounts of information (HMRC, 2011).…”

Section: Introductionmentioning

confidence: 99%

“…This allows the company's information to be presented in a normal document format, but with XBRL tags embedded in the soft copy document (Eierle et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

“…The literature shows that considerable attention has been paid to extending our understanding of digital reporting in XBRL format, but most previous studies have focused on listed companies or government agencies as early adopters (e.g., Doolin and Troshani, 2007;Mousa, 2013). There is some evidence on the development of XBRL technology in the Netherlands (Robb et al, 2014) and Finland (Eierle et al, 2014), but the factors that drive adoption often differ across countries since national taxonomies reflect national regulatory frameworks (Deshmukh, 2004).…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Determinants of the voluntary adoption of digital reporting by small private companies to Companies House: Evidence from the UK

Alkhatib

Ojala

Collis

2019

International Journal of Accounting Information Systems

Self Cite

View full text Add to dashboard Cite

This study examines the factors that influence the voluntary adoption of the digital reporting of the statutory accounts and returns to the company registry (Companies House) by small private companies in the UK. We analyse survey data from 343 members of the Association of Chartered Certified Accountants working in small companies or in practices with small company clients in the UK. The data is examined using statistical methods, mainly PLS-SEM. Our results show the following factors positively influence the voluntary adoption of digital reporting by small private companies: the relative advantage from standardisation benefits, the company's technology competence and support from top management. We also provide evidence that the complexity of the company's accounting system and technology costs inversely influence this voluntary adoption. The study contributes to the emerging literature by expanding our understanding of how the standardisation of financial information flows benefits small private companies. The results should be of interest to small companies and their accountants, regulators in the UK and other jurisdictions planning digital reporting initiatives or seeking to reduce administrative burdens on smaller entities.

show abstract

Section: Business Environment Contextmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

“…This allows the company's information to be presented in a normal document format, but with XBRL tags embedded in the soft copy document (Eierle et al, 2014).…”

Section: Introductionmentioning

confidence: 99%