Abstract

http://ssrn.com/abstract=1671723
 
 

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Do XBRL Reports Have Incremental Information Content? – An Empirical Analysis


Jap Efendi


University of Texas at Arlington

Jin Dong Park


Towson University

Chandra Subramaniam


University of Texas at Arlington - Department of Accounting

August 26, 2010


Abstract:     
This study investigates whether XBRL filings of 10Ks and 10Qs possess incremental information content beyond current EDGAR filings in HTML format. The sample comprises of 342 voluntary XBRL filings from the period of 2005 to June 30, 2008. We document a significant market reaction on the day when XBRL reports are filed. The market response is stronger for larger firms, more recent filings and more timely filings. Furthermore, it is more pronounced in instances where multiple reports are filed. Using the R2 in a regression of fiscal quarter abnormal returns on XBRL filing abnormal returns, we find that approximately 1.2% to 8.0% out of total information content in earnings disclosures is associated with these XBRL filings.

Number of Pages in PDF File: 36

Keywords: XBRL, Information Content, Emerging Technology

JEL Classification: M40

working papers series


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Date posted: September 5, 2010  

Suggested Citation

Efendi, Jap and Park, Jin Dong and Subramaniam, Chandra, Do XBRL Reports Have Incremental Information Content? – An Empirical Analysis (August 26, 2010). Available at SSRN: http://ssrn.com/abstract=1671723 or http://dx.doi.org/10.2139/ssrn.1671723

Contact Information

Jap Efendi (Contact Author)
University of Texas at Arlington ( email )
415 S West St Apt no 205
Arlington, TX 76019
United States
Jin Dong Park
Towson University ( email )
Towson, MD 21204
United States
Chandra Subramaniam
University of Texas at Arlington - Department of Accounting ( email )
Box 19468
Arlington, TX 76019
United States
817-272-3142 (Phone)
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