Twenty Years of XBRL: What We Know and Where We Are Going

Bartolacci, Francesca, Caputo, Andrea, Fradeani, Andrea and Soverchia, Michela (2020) Twenty Years of XBRL: What We Know and Where We Are Going. Meditari Accountancy Research . ISSN 2049-372X

Full content URL: https://www.doi.org/10.1108/MEDAR-04-2020-0846

Documents
Twenty Years of XBRL: What We Know and Where We Are Going
Authors' Accepted Manuscript

Request a copy
[img] PDF
2020_MEDAR_Bartolacci Caputo Fradeani Soverchia.pdf - Whole Document
Restricted to Repository staff only

6MB
Item Type:Article
Item Status:Live Archive

Abstract

Purpose
This paper extends the knowledge of eXtensible Business Reporting Language (XBRL) to synthesize what twenty years of accounting and business literature on XBRL suggests about the effective improvement from its implementation in financial reporting.
Design/methodology/approach
A systematic literature review and bibliometric analysis of 142 articles resulted in the identification of five primary research streams: adoption issues; financial reporting; decision-making processes, market efficiency and corporate governance; audit and assurance issues; and non-financial reporting.
Findings
The results reveal a scarcity of studies devoted to explicating the consequences of XBRL implementation on financial reporting. Also, some papers’ results question the usefulness of the language on the decision-making process. The overall lack of literature concerning the impact of XBRL on financial statement preparers, especially with reference to SMEs, is evident. Moreover, the consequences on corporate governance choices and the relevant internal decision-making processes are rarely debated.
Research limitations/implications
The findings are useful for users of companies’ financial disclosure policies, particularly for regulators who manage XBRL implementation in countries where XBRL has not yet been adopted as well as for others working in specific areas of financial disclosure, such as non-financial reporting and public sector financial reporting.

Originality/value
This study differs from previous literature on XBRL as it focuses on a wider period of analysis and offers a unique methodology – combination of bibliometric and systematic review – as well as a business perspective for deepening XBRL.

Keywords:XBRL, financial reporting, bibliometric, literature review, decision-making process, VOSViewer
Subjects:N Business and Administrative studies > N340 Financial Management
N Business and Administrative studies > N100 Business studies
N Business and Administrative studies > N410 Accountancy
Divisions:Lincoln International Business School
ID Code:42267
Deposited On:10 Sep 2020 09:35

Repository Staff Only: item control page