In an increasingly digitalized world, financial institutions have become data hoarders and find it difficult to efficiently exploit and interpret data from various sources. XBRL provides a global standard to exchange financial information. Although XBRL solves the syntactic heterogeneity problem, it doesnt solve the semantic heterogeneity problem when involving multiple taxonomies. In this pape...

We discuss a translation of financial reports from the XBRL format into Semantic Web language OWL. Different from existing approaches that do mechanic translation from XBRL’s XML schema into OWL, our approach can faithfully preserve the implicit semantics in XBRL and enable the logic model of financial reports. We show that such a translation reduces the risk of redundancy and inconsistency, an...

The third section concerns potential improvements to the system in the future. In particular, reference is made to the translation of financial reporting documents using Extensible Business Reporting Language (XBRL), taking advantage of another PwCSYSTRAN joint project which is pioneering the use of XBRL in a web-based service for translating financial documents, and a further XBRL initiative u...

Data standardization is a widely recommended solution to improving data quality. Despite the potential benefits, we examine if it has any unintended, especially undesirable, side effects on data quality. The eXtensible Business Reporting Language (XBRL) is an XML-based open standard that aims to facilitate the preparation, exchange and comparison of financial reports. Leveraging the unique oppo...

The eXtensible business reporting language is an XML-based standard, which has the potential to significantly improve the efficiency and effectiveness of intraand inter-organizational information supply chain. In this article, we present the case for using convergent interviews as an appropriate and efficient method for modelling factors impacting the adoption of emerging and under-researched i...

a r t i c l e i n f o Keywords: XBRL (eXtensible Business Reporting Language) Business value of information technology Cost of capital Transaction cost theory Empirical studies EXtensible Business Reporting Language (XBRL) is expected to develop into the global data standard for business financial reporting with the potential to change the way that decisions are made. Thus, understanding its va...

We examine the introduction of the voluntary filing program (VFP) by the Securities and Exchange Commission (SEC) for the introduction of XBRL (eXtensible Business Reporting Language), or Interactive Data as called in the US. XBRL is a machine-readable standardized format for financial reports. The VFP allowed firms to file annual and quarterly reports using XBRL. This program represents a quas...

The purpose of this paper is to test competing theories from Pinsker’s (2007) new research framework in order to provide a better understanding of XBRL (as the continuous disclosure technology example) adoption intentions of managers who have low knowledge of XBRL, but work for firms who may adopt. A survey methodology was used with experienced business professionals and MBA students. Two of th...

extensible business reporting language (xbrl) is an xml-based open standard, developed specifically for financial reporting. in wider terms, xbrl is a technology by which directed searches and simultaneous presentation of related financial statement facilitate, and also footnote information could potentially help financial statements’ users. the use of search-facilitating technology depletes di...