XBRL Adoption and Capital Market Information Efficiency

Lei Ruan, Heng Liu, Sang-Bing (Jason) Tsai

Source Title: Journal of Global Information Management (JGIM)29(6)

ISSN: 1062-7375|EISSN: 1533-7995|EISBN13: 9781799872627|DOI: 10.4018/JGIM.20211101.oa35

MLA

Ruan, Lei, et al. "XBRL Adoption and Capital Market Information Efficiency." JGIM vol.29, no.6 2021: pp.1-18. http://doi.org/10.4018/JGIM.20211101.oa35

APA

Ruan, L., Liu, H., & Tsai, S. (2021). XBRL Adoption and Capital Market Information Efficiency. Journal of Global Information Management (JGIM), 29(6), 1-18. http://doi.org/10.4018/JGIM.20211101.oa35

Chicago

Ruan, Lei, Heng Liu, and Sang-Bing (Jason) Tsai. "XBRL Adoption and Capital Market Information Efficiency," Journal of Global Information Management (JGIM) 29, no.6: 1-18. http://doi.org/10.4018/JGIM.20211101.oa35

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Abstract

As a common standard for global business reporting, eXtensible Business Reporting Language (XBRL) can make up for the deficiencies of traditional financial reports in terms of standardized disclosure and information use costs, and provide firm-specific information to report users, reduce the level of corporate stock price synchronicity, and then improve capital market information allocation efficiency. Based on the financial data of Chinese listed companies from 2005 to 2011, this paper mainly focuses on the impact of XBRL adoption on stock price synchronicity.