{"id":"https://openalex.org/W2622780749","doi":"https://doi.org/10.2308/isys-51814","title":"What Do the Markets Say? Shareholder Wealth Effects of the XBRL Mandate","display_name":"What Do the Markets Say? Shareholder Wealth Effects of the XBRL Mandate","publication_year":2017,"publication_date":"2017-06-01","ids":{"openalex":"https://openalex.org/W2622780749","doi":"https://doi.org/10.2308/isys-51814","mag":"2622780749"},"language":"en","primary_location":{"id":"doi:10.2308/isys-51814","is_oa":false,"landing_page_url":"https://doi.org/10.2308/isys-51814","pdf_url":null,"source":{"id":"https://openalex.org/S82262387","display_name":"Journal of Information Systems","issn_l":"0888-7985","issn":["0888-7985","1558-7959"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Information Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5082881222","display_name":"Gary Chen","orcid":"https://orcid.org/0000-0003-3057-9335"},"institutions":[{"id":"https://openalex.org/I39422238","display_name":"University of Illinois Chicago","ror":"https://ror.org/02mpq6x41","country_code":"US","type":"education","lineage":["https://openalex.org/I39422238"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Gary Chen","raw_affiliation_strings":["University of Illinois at Chicago"],"affiliations":[{"raw_affiliation_string":"University of Illinois at Chicago","institution_ids":["https://openalex.org/I39422238"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100455437","display_name":"Xiaohong Wang","orcid":"https://orcid.org/0000-0001-8629-4684"},"institutions":[{"id":"https://openalex.org/I27639287","display_name":"Northeastern Illinois University","ror":"https://ror.org/04edns687","country_code":"US","type":"education","lineage":["https://openalex.org/I27639287"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Xiaohong (Sara) Wang","raw_affiliation_strings":["Northeastern Illinois University"],"affiliations":[{"raw_affiliation_string":"Northeastern Illinois University","institution_ids":["https://openalex.org/I27639287"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5036015200","display_name":"Jie Zhou","orcid":"https://orcid.org/0000-0003-4677-3001"},"institutions":[{"id":"https://openalex.org/I142934699","display_name":"California State University, Fullerton","ror":"https://ror.org/02avqqw26","country_code":"US","type":"education","lineage":["https://openalex.org/I142934699"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jie Zhou","raw_affiliation_strings":["California State University, Fullerton"],"affiliations":[{"raw_affiliation_string":"California State University, Fullerton","institution_ids":["https://openalex.org/I142934699"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5082881222"],"corresponding_institution_ids":["https://openalex.org/I39422238"],"apc_list":null,"apc_paid":null,"fwci":1.1421,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":{"value":0.81985731,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"32","issue":"3","first_page":"1","last_page":"21"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13794","display_name":"Financial Reporting and XBRL","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13794","display_name":"Financial Reporting and XBRL","score":0.9991999864578247,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.9901999831199646,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/xbrl","display_name":"XBRL","score":0.9435088634490967},{"id":"https://openalex.org/keywords/mandate","display_name":"Mandate","score":0.8649186491966248},{"id":"https://openalex.org/keywords/business-reporting","display_name":"Business reporting","score":0.7909961342811584},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.6327881813049316},{"id":"https://openalex.org/keywords/shareholder","display_name":"Shareholder","score":0.6305729150772095},{"id":"https://openalex.org/keywords/transparency","display_name":"Transparency (behavior)","score":0.5384267568588257},{"id":"https://openalex.org/keywords/accounting","display_name":"Accounting","score":0.5035497546195984},{"id":"https://openalex.org/keywords/legislature","display_name":"Legislature","score":0.4555952548980713},{"id":"https://openalex.org/keywords/financial-statement","display_name":"Financial statement","score":0.4323599338531494},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.3421013355255127},{"id":"https://openalex.org/keywords/audit","display_name":"Audit","score":0.29705217480659485},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.21117207407951355}],"concepts":[{"id":"https://openalex.org/C2777264242","wikidata":"https://www.wikidata.org/wiki/Q959950","display_name":"XBRL","level":2,"score":0.9435088634490967},{"id":"https://openalex.org/C2775884135","wikidata":"https://www.wikidata.org/wiki/Q845436","display_name":"Mandate","level":2,"score":0.8649186491966248},{"id":"https://openalex.org/C2779146283","wikidata":"https://www.wikidata.org/wiki/Q5001933","display_name":"Business reporting","level":3,"score":0.7909961342811584},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6327881813049316},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.6305729150772095},{"id":"https://openalex.org/C2780233690","wikidata":"https://www.wikidata.org/wiki/Q535347","display_name":"Transparency (behavior)","level":2,"score":0.5384267568588257},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.5035497546195984},{"id":"https://openalex.org/C83009810","wikidata":"https://www.wikidata.org/wiki/Q11204","display_name":"Legislature","level":2,"score":0.4555952548980713},{"id":"https://openalex.org/C2781027943","wikidata":"https://www.wikidata.org/wiki/Q192907","display_name":"Financial statement","level":3,"score":0.4323599338531494},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3421013355255127},{"id":"https://openalex.org/C199521495","wikidata":"https://www.wikidata.org/wiki/Q181487","display_name":"Audit","level":2,"score":0.29705217480659485},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.21117207407951355},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2308/isys-51814","is_oa":false,"landing_page_url":"https://doi.org/10.2308/isys-51814","pdf_url":null,"source":{"id":"https://openalex.org/S82262387","display_name":"Journal of Information Systems","issn_l":"0888-7985","issn":["0888-7985","1558-7959"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310316290","host_organization_name":"American Accounting Association","host_organization_lineage":["https://openalex.org/P4310316290"],"host_organization_lineage_names":["American Accounting Association"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Information Systems","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":66,"referenced_works":["https://openalex.org/W6003277","https://openalex.org/W206890942","https://openalex.org/W1498408509","https://openalex.org/W1583227791","https://openalex.org/W1603811794","https://openalex.org/W1939266606","https://openalex.org/W1972190631","https://openalex.org/W1972195228","https://openalex.org/W1972764827","https://openalex.org/W1988057346","https://openalex.org/W1991780088","https://openalex.org/W2018278854","https://openalex.org/W2028043832","https://openalex.org/W2031987290","https://openalex.org/W2041502525","https://openalex.org/W2043298609","https://openalex.org/W2061339296","https://openalex.org/W2063910442","https://openalex.org/W2076035820","https://openalex.org/W2104795328","https://openalex.org/W2107066843","https://openalex.org/W2115468428","https://openalex.org/W2121606993","https://openalex.org/W2121925065","https://openalex.org/W2124653663","https://openalex.org/W2131773668","https://openalex.org/W2136285636","https://openalex.org/W2152499926","https://openalex.org/W2154187126","https://openalex.org/W2162193110","https://openalex.org/W2167444648","https://openalex.org/W2170627490","https://openalex.org/W2205784994","https://openalex.org/W2313281002","https://openalex.org/W2315700839","https://openalex.org/W2319809466","https://openalex.org/W2584084874","https://openalex.org/W2775287687","https://openalex.org/W2801593714","https://openalex.org/W3121191282","https://openalex.org/W3121227176","https://openalex.org/W3121401171","https://openalex.org/W3121479878","https://openalex.org/W3122094160","https://openalex.org/W3122323067","https://openalex.org/W3123272569","https://openalex.org/W3124409822","https://openalex.org/W3124423437","https://openalex.org/W3124487186","https://openalex.org/W3124613598","https://openalex.org/W3125111241","https://openalex.org/W3125373908","https://openalex.org/W3125464308","https://openalex.org/W3125512896","https://openalex.org/W3125575827","https://openalex.org/W3125688476","https://openalex.org/W3125780646","https://openalex.org/W3125936596","https://openalex.org/W3125975775","https://openalex.org/W4229911693","https://openalex.org/W4230336695","https://openalex.org/W4231546411","https://openalex.org/W4247695167","https://openalex.org/W4389322256","https://openalex.org/W6608390208","https://openalex.org/W6636264005"],"related_works":["https://openalex.org/W2158489208","https://openalex.org/W2389650033","https://openalex.org/W3192299138","https://openalex.org/W2560154973","https://openalex.org/W267832912","https://openalex.org/W1668276194","https://openalex.org/W4385369174","https://openalex.org/W90218480","https://openalex.org/W3154765017","https://openalex.org/W2018719874"],"abstract_inverted_index":{"ABSTRACT":[0],"We":[1],"investigate":[2],"the":[3,11,46,72,94,101,138],"market":[4,39,87],"reaction":[5,88],"to":[6,10,24,61,76,89,93,104,135],"legislative":[7,90],"events":[8,91,106],"pertaining":[9],"eXtensible":[12],"Business":[13],"Reporting":[14],"Language":[15],"(XBRL)":[16],"mandate.":[17,96,140],"The":[18],"SEC":[19],"contends":[20],"that":[21,45,68,100],"requiring":[22],"issuers":[23],"adopt":[25],"XBRL":[26,50,75,95,139],"for":[27,109],"filing":[28],"their":[29],"financial":[30,124],"statements":[31],"would":[32,51],"reduce":[33],"information":[34,116,119],"processing":[35,120],"costs":[36,54],"and":[37,122],"improve":[38],"efficiency.":[40],"In":[41],"contrast,":[42],"skeptics":[43],"argue":[44],"mandatory":[47],"adoption":[48,73],"of":[49,74,84],"impose":[52],"substantial":[53],"while":[55],"providing":[56],"few,":[57],"if":[58],"any,":[59],"benefits":[60],"investors.":[62],"Using":[63],"stock":[64],"returns":[65,103],"from":[66,137],"countries":[67],"did":[69],"not":[70],"mandate":[71],"model":[77],"normal":[78],"U.S.":[79],"returns,":[80],"we":[81,98],"provide":[82],"evidence":[83],"a":[85],"positive":[86],"related":[92],"Moreover,":[97],"find":[99],"abnormal":[102],"these":[105],"are":[107],"increasing":[108],"firms":[110],"with":[111],"less":[112],"accessible":[113],"information,":[114],"higher":[115],"asymmetry,":[117],"greater":[118],"costs,":[121],"lower":[123],"reporting":[125],"transparency.":[126],"Overall,":[127],"our":[128],"results":[129],"suggest":[130],"an":[131],"expected":[132],"net":[133],"benefit":[134],"shareholders":[136],"JEL":[141],"Classifications:":[142],"M41;":[143],"K22.":[144]},"counts_by_year":[{"year":2025,"cited_by_count":3},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1}],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
