• 「Arachne」 Yoon, H., Zo, H., and Ciganek, A.P. (2011), “Does XBRL Adoption Reduce Information Asymmetry?” Journal of Business Research, Vol. 64, No. 2, pp. 157-163.

    Lab: Arachne

    Professor: Hangjung Zo

    Title: Does XBRL Adoption Reduce Information Asymmetry?

    Authors: Hyungwook Yoon, Hangjung Zo, Andrew P. Ciganek

    Journal: Journal of Business Research

    Publish: 2011


    This paper examines whether or not XBRL (eXtensible Business Reporting Language) adoption reduces information asymmetry in a stock market context. Student t-tests and multiple regression analysis were employed to examine the effect of XBRL adoption on information asymmetry in the capital market. A significant and negative association exists between XBRL adoption and information asymmetry, which implies that the adoption of XBRL may lead to the reduction of the information asymmetry in the Korean stock market. In addition, the effect of XBRL adoption on reducing information asymmetry is stronger for large-sized companies than for medium-sized and small-sized companies. Based on these findings, the demand for XBRL-enabled applications and services in the capital market is expected to grow while governments should promote XBRL adoption for business reporting.


댓글을 달기 위해서는 로그인해야 합니다.