XBRL extension to the financial statement notes : field-based evidence on unlisted companies

This paper aims at providing field-based evidence on actual benefits and costs arising from mandatory XBRL extension to financial statement notes for Italian unlisted companies. In pursuit of these objectives, we conduct interviews with Italian chartered accountants involved in the production of fin...

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Detalles Bibliográficos
Autores: Avallone, Francesco, Ramassa, Paola, Roncagliolo, Elisa
Tipo de recurso: artículo
Fecha de publicación:2016
País:España
Institución:Universidad de Huelva (UHU)
Repositorio:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Idioma:inglés
OAI Identifier:oai:ariasmontano.uhu.es:10272/12440
Acceso en línea:http://hdl.handle.net/10272/12440
Access Level:acceso abierto
Palabra clave:XBRL
Financial statement notes
Disclosure
Field research
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spelling XBRL extension to the financial statement notes : field-based evidence on unlisted companiesAvallone, FrancescoRamassa, PaolaRoncagliolo, ElisaXBRLFinancial statement notesDisclosureField researchThis paper aims at providing field-based evidence on actual benefits and costs arising from mandatory XBRL extension to financial statement notes for Italian unlisted companies. In pursuit of these objectives, we conduct interviews with Italian chartered accountants involved in the production of financial information. XBRL requirements for unlisted companies in Italy enable us to assess the effects of the mandatory XBRL extension to the notes separately from its adoption for financial statements. Results suggest that the main benefit of this extension lies in an increased comparability across firms. However, this transition has not increased the number of data disclosed. On the contrary, the taxonomy might make more difficult to include voluntary disclosures and relevant information such as the statement of cash flows, thus leading to less data available for users. Our findings have relevant implications for regulators, users, and companies as well.El propósito de este artículo es ofrecer evidencia empírica de los beneficios y costes derivados de la extensión obligatoria del XBRL a las notas a los estados financieros de las empresas italianas no cotizadas. Para alcanzar estos objetivos, se han realizado entrevistas con contadores públicos italianos involucrados en la producción de información financiera. Los requisitos de XBRL para las empresas italianas no cotizadas nos permiten evaluar los efectos de la extensión obligatoria de XBRL a las notas de forma separada a su adopción para estados financieros. Los resultados señalan el aumento de la comparabilidad entre empresas como el principal beneficio de esta extensión. No obstante, esta transición no ha aumentado la cantidad de información divulgada. Todo lo contrario, puede que la taxonomía haga más difícil incluir divulgación voluntaria e información relevante como los estados de flujo de caja, llevando así a que haya menos información disponible para los usuarios. Los resultados tienen implicaciones relevantes para reguladores, usuarios y también empresas.Universidad de Huelva20162016-01-0120162016-01-01journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10272/12440reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelvainstname:Universidad de Huelva (UHU)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2Atribución-NoComercial-SinDerivadas 3.0 Españahttp://creativecommons.org/licenses/by-nc-nd/3.0/es/info:eu-repo/semantics/openAccessoai:ariasmontano.uhu.es:10272/124402026-06-02T14:58:11Z
dc.title.none.fl_str_mv XBRL extension to the financial statement notes : field-based evidence on unlisted companies
title XBRL extension to the financial statement notes : field-based evidence on unlisted companies
spellingShingle XBRL extension to the financial statement notes : field-based evidence on unlisted companies
Avallone, Francesco
XBRL
Financial statement notes
Disclosure
Field research
title_short XBRL extension to the financial statement notes : field-based evidence on unlisted companies
title_full XBRL extension to the financial statement notes : field-based evidence on unlisted companies
title_fullStr XBRL extension to the financial statement notes : field-based evidence on unlisted companies
title_full_unstemmed XBRL extension to the financial statement notes : field-based evidence on unlisted companies
title_sort XBRL extension to the financial statement notes : field-based evidence on unlisted companies
dc.creator.none.fl_str_mv Avallone, Francesco
Ramassa, Paola
Roncagliolo, Elisa
author Avallone, Francesco
author_facet Avallone, Francesco
Ramassa, Paola
Roncagliolo, Elisa
author_role author
author2 Ramassa, Paola
Roncagliolo, Elisa
author2_role author
author
dc.contributor.none.fl_str_mv
dc.subject.none.fl_str_mv XBRL
Financial statement notes
Disclosure
Field research
topic XBRL
Financial statement notes
Disclosure
Field research
description This paper aims at providing field-based evidence on actual benefits and costs arising from mandatory XBRL extension to financial statement notes for Italian unlisted companies. In pursuit of these objectives, we conduct interviews with Italian chartered accountants involved in the production of financial information. XBRL requirements for unlisted companies in Italy enable us to assess the effects of the mandatory XBRL extension to the notes separately from its adoption for financial statements. Results suggest that the main benefit of this extension lies in an increased comparability across firms. However, this transition has not increased the number of data disclosed. On the contrary, the taxonomy might make more difficult to include voluntary disclosures and relevant information such as the statement of cash flows, thus leading to less data available for users. Our findings have relevant implications for regulators, users, and companies as well.
publishDate 2016
dc.date.none.fl_str_mv 2016
2016-01-01
2016
2016-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10272/12440
url http://hdl.handle.net/10272/12440
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
Atribución-NoComercial-SinDerivadas 3.0 España
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidad de Huelva
publisher.none.fl_str_mv Universidad de Huelva
dc.source.none.fl_str_mv reponame:Arias Montano. Repositorio Institucional de la Universidad de Huelva
instname:Universidad de Huelva (UHU)
instname_str Universidad de Huelva (UHU)
reponame_str Arias Montano. Repositorio Institucional de la Universidad de Huelva
collection Arias Montano. Repositorio Institucional de la Universidad de Huelva
repository.name.fl_str_mv
repository.mail.fl_str_mv
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