Investigating the Impact of Implementing XBRL on the Financial Analysts` Behavior in Iran Using Structural Equations Modeling
Inadequate and inefficient provision of information in the last three decades has resulted in some problems in global financial markets. As a result, XBRL international standard preparation was proposed as a solution for financial reporting to associante with international markets. Because of the co...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
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University of Isfahan
2018-06-01
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| Series: | Journal of Asset Management and Financing |
| Subjects: | |
| Online Access: | https://amf.ui.ac.ir/article_22794_c1cdc6f477cf21950f37da619442eeac.pdf |
| Summary: | Inadequate and inefficient provision of information in the last three decades has resulted in some problems in global financial markets. As a result, XBRL international standard preparation was proposed as a solution for financial reporting to associante with international markets. Because of the cost concerns of implementing this standard, it is necessary to investigate its effects on different parts of countries` financial system to choose the best performance scenario via cost-benefit analysis. This paper investigates the impact of implementing extensible business reporting language (XBRL) on the financial analysts` behavior in Iran, by using AMOS software for Structural Equation Modeling. We analyzed 140 financial Analysts responses that were gathered via a questionnaire and found that XBRL has positive effects on financial analysts` behaviors in the decision-making process, as follows: 1) Analysis behavior (78%), 2) search behavior (75%), 3) validation behavior (74%) and 4. behavioral biases (46%). Also the results of ANOVA show that analysts’ age and experience affecnts their decision making behaviors. |
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| ISSN: | 2383-1189 2383-1189 |