Affiliation:
1. University of Illinois at Chicago
2. California State University, Fullerton
Abstract
ABSTRACT
We investigate how XBRL adoption relates to the systematic file requests from EDGAR. We define systematic requests as requests for EDGAR filings using automated scripts and computer programs. Our results show that systematic requests for EDGAR filings increase significantly after the adoption of XBRL and that the increase is not driven by requests for financial statements in older, static formats (HTML or TXT). Cross-sectional analyses further suggest that the increase in systematic requests is more pronounced for firms with lower information accessibility and accounting comparability. Results from a difference-in-differences specification provide similar inferences. Overall, our findings are consistent with the view that XBRL facilitates bulk downloading and processing of company disclosures, suggesting greater information acquisition subsequent to enactment of the XBRL mandate.
JEL Classifications: M41; M48; K22.
Publisher
American Accounting Association
Subject
Management of Technology and Innovation,Information Systems and Management,Human-Computer Interaction,Accounting,Information Systems,Software,Management Information Systems
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