Economic Consequences of Internet Financial Reporting
University of Graz
Schmalenbach Business Review, Vol. 55, pp. 262-279, October 2003
The paper considers two major economic effects created by the Internet for financial accounting and disclosure. First, the Internet changes the costs of information processes and with it the demand and supply of financial information in capital markets. Second, Internet financial reporting creates a demand for standardization, which has been taken up with the development of XBRL. It is argued that while XBRL is designed to standardize only the format of information, it will also standardize contents. Finally, the paper discusses the issue of assuring high quality Internet financial reporting.
Number of Pages in PDF File: 18
Keywords: Financial Reporting, Disclosure, Internet, Standardization, XBRL, Auditing
JEL Classification: M41, O33, G18Accepted Paper Series
Date posted: June 6, 2004
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 0.422 seconds