The association between XBRL adoption and market reactions to earnings surprises

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Please use this identifier to cite or link to this item: https://ir.lib.ncu.edu.tw/handle/987654321/105878

Title:	The association between XBRL adoption and market reactions to earnings surprises
Authors:	顏如君;Yen, Ju-Chun;Wang, Tawei
Contributors:	管理學院會計研究所
Keywords:	Earnings announcements;Extensible Business Reporting Language;Studies;Technology adoption
Date:	2015-09-01
Issue Date:	2026-04-23 12:58:50 (UTC+8)
Publisher:	American Accounting Association;Sarasota: American Accounting Association
Abstract:	摘要： This paper investigates whether the adoption of XBRL is associated with market reactions to earnings surprises around 10-Q and 10-K filing dates based on a sample of XBRL filers in all three phases. Our main findings demonstrate that the adoption of XBRL is positively associated with market reactions to earnings surprises around 10-Q and 10-K filing dates only for Phase II, not for Phase I, filers except when a Phase I filer is followed by fewer analysts. The full-sample test shows that the hypothesized effect also exists for Phase III filers, and we observe an increase in market reaction for Phase II filers after their second year of adoption. We believe this study has policy implications and may alleviate firms' concerns regarding the benefits of adopting XBRL. JEL Classifications: M41. Data Availability: All data are publicly available. 出版者： Sarasota: American Accounting Association 出版日期： 2015-09-01 出處： The Journal of information systems, 2015-09, Vol.29 (3), p.51-71 資源來源： EBSCOhost Business Source Premier 版權： Copyright American Accounting Association Fall 2015 識別號： ISSN: 0888-7985 識別號： EISSN: 1558-7959 識別號： DOI: 10.2308/isys-51039
Appears in Collections:	[Research institute of accounting ] journal & Dissertation

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