Effect of Using Extensible Business Reporting Language on Transparency of Financial Information in Listed Companies in Tehran Stock Exchange

Document Type : Original Article

Authors

1 1-PhD student, Department of Accounting, Yazd Branch, Islamic Azad University, Yazd, Iran

2 Associate Professor, Department of Accounting, Yazd Branch, Islamic Azad University, Yazd, Iran

3 Accounting Dep., Faculty of Economics, Management & Accounting, Yazd University, Yazd, Iran.

Abstract

Today, there are tremendous developments in the field of information and communication technology. XBRL is a new technology for the transparent exchange of financial and commercial reporting data which through common language and particular format can lead to reduced agency costs and improved information users' decision-making around the world. Therefore, the present study investigates Expandable Business Reporting Language on the transparency of financial information in companies listed in the Tehran Stock Exchange. The difference between this research and the pervious researches done in Iran is the exclusion of qualitative research and conducting quantitative research. The research sample consists of 158 companies for the eight-year period (2010-2016). The research method is applied in terms of purpose and is correlational in terms of investigating the relationship between variables. Panel data were analyzed by using the multivariate regression. The results show that expandable commercial reporting language has a significant positive effect on transparency of financial information.

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History

  • Receive Date: 02 May 2018
  • Revise Date: 28 August 2019
  • Accept Date: 03 September 2019

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