Affiliation:
1. Morgan State University
2. Wayne State University
3. Texas Woman's University
Abstract
ABSTRACT
This paper examines the impact of XBRL reporting required by the U.S. Securities and Exchange Commission (SEC) on market efficiency. Based on the disclosure theories about imperfect markets, we hypothesize that XBRL reporting facilitates the generation and infusion of idiosyncratic information into the market and thus improves market efficiency. Our findings show a synchronous increase of information asymmetry and trading volume as posited in the disclosure theory and our hypotheses.
Publisher
American Accounting Association
Subject
Management of Technology and Innovation,Information Systems and Management,Human-Computer Interaction,Accounting,Information Systems,Software,Management Information Systems
Cited by
31 articles.
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