Investigating the Impact of Implementing XBRL on the Financial Analysts` Behavior in Iran Using Structural Equations Modeling

Journal of Asset Management and Financing

Roohallah Noori¹  Farshid Falatoon nejhad¹  Seyed kazem Chavoshi¹ 

[1] Kharazmi University, Tehran, Iran;

关键词: extensible business reporting language (xbrl);    financial analysts behavior;    financial reporting quality;    information transparency;    investment decision making process;   

DOI  :  10.22108/amf.2017.101972.1036

来源: DOAJ

【 摘 要 】

Inadequate and inefficient provision of information in the last three decades has resulted in some problems in global financial markets. As a result, XBRL international standard preparation was proposed as a solution for financial reporting to associante with international markets. Because of the cost concerns of implementing this standard, it is necessary to investigate its effects on different parts of countries` financial system to choose the best performance scenario via cost-benefit analysis. This paper investigates the impact of implementing extensible business reporting language (XBRL) on the financial analysts` behavior in Iran, by using AMOS software for Structural Equation Modeling. We analyzed 140 financial Analysts responses that were gathered via a questionnaire and found that XBRL has positive effects on financial analysts` behaviors in the decision-making process, as follows: 1) Analysis behavior (78%), 2) search behavior (75%), 3) validation behavior (74%) and 4. behavioral biases (46%). Also the results of ANOVA show that analysts’ age and experience affecnts their decision making behaviors.

【 授权许可】

Unknown