Commenced in January 2007
Paper Count: 31515
Improving the Decision-Making Process and Transparency of Corporate Governance Using XBRL
Authors: Claudiu Brandas
Abstract:Several recent studies have shown that the transparency of financial reporting have a significant influence on investor-s decisions. Thus, regulation authorities and professional organizations (IFAC) have emphasized the role of XBRL (eXtensible Business Reporting Language) and interactive data as a means of promoting transparency and monitoring corporate reporting. In this context, this paper has as objective the analysis of interactive reporting through XBRL and its use as a support in the process of taking decisions in corporate governance, namely the potential of interactive reports in XBRL to increase the transparency and monitoring process of corporate governance.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1076148Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 1861
 R. Bushman, Q. Chen, E. Engel, A. Smith, "Financial accounting information, organizational complexity and corporate governance systems", Journal of Accounting and Economics, 37(2), 167-201, 2004.
 ***, OECD, Principles of Corporate Governance, 2004.
 ***, Bourse de Luxembourg. Corporate Governance - The Ten Principles of Corporate Governance of the Luxembourg Stock Exchange, 2009.
 ***, Institute of Directors, The handbook of international corporate governance : a definitive guide, Kogan Page, London, 2009.
 C. Brandas, "Study on the Support Systems for Corporate Governance", Informatica Economica, 15(4): 55 - 63, 2011.
 T. Lazarides, E. Drimpetas, "The missing link to an effective corporate", Corporate Governance, 8(1): 73-82, ISSN 1472-0701, 2008.
 S. Roohani, Y. Furusho, M. Koizumi, " XBRL: Improving transparency and monitoring functions of corporate governance", International Journal of Disclosure and Governance, 6(4): 355-369, ISSN 1741-3591, 2009.
 ***, KPMG, Improving governance with XBRL, 2008.
 R.S. Kaplan, M.E. Nagel, " Improving Corporate Governance with the Balanced Scorecard", Working Paper, Harward Business School, 2003.
 A. Renders, A. Gaeremynck, P. Sercu, "Corporate-Governance Ratings and Company Performance: A Cross-European Study", Corporate Governance: An International Review, 18(2): 87-106, 2010.
 M. Alles, M. Piechocki, "Will XBRL improve corporate governance?: A framework for enhancing governance decision making using interactive data", International Journal of Accounting Information Systems, In Press, Corrected Proof, Available online 30 October 2010, ISSN 1467-0895, DOI: 10.1016/j.accinf.2010.09.008., 2010.
 R. A. Weber, XML, XBRL, and the Future of Business and Business Reporting, in Trust and Data Assurances in Capital Markets: The Role of Technology Solutions. In: Roohani ST, editor. Smithfield, RI: Bryant College, p. 3-6, 2003.
 Hodge FD, Kennedy JJ, Maines LA. Does search-facilitating technology improve the transparency of financial reporting? Account Rev 2004;79(3):687-703.
 ***, http://www.ifrs.org, C. J. Kaufman, Rocky Mountain Research Lab., Boulder, CO, private communication, May 1995.