The effects of xbrl adoption on the capital marketsXBRL의 도입이 자본시장에 미치는 영향에 관한 연구

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XBRL is a kind of programming language whose aim is to enhance the accuracy, reliability and decision-relevance of the financial and business information. This dissertation discusses the effects of XBRL adoption on the capital markets. For this purpose, the information asymmetry in Korean stock market and the earnings management of the U.S. companies are investigated. The result reveals that XBRL has an effect of reducing the information asymmetry and the earnings management. But the reduction of information asymmetry of stock price of small-sized companies is not strong compared to large-sized companies and the earnings management behavior of the companies with less independent board of directors is not reduced by the adoption of XBRL. This dissertation provides some explanations for these results; the taxonomy of XBRL is not technologically sophisticated enough and the software and service providers supporting the decision-making process using data in the XBRL format are not readily available in the market.
Advisors
Zo, Hang-Jungresearcher조항정
Description
한국과학기술원 : 기술경영학과(IT경영학),
Publisher
한국과학기술원
Issue Date
2014
Identifier
568437/325007  / 020058008
Language
eng
Description

학위논문(박사) - 한국과학기술원 : 기술경영학과(IT경영학), 2014.2, [ ix, 76 p. ]

Keywords

XBRL; 기업지배구조; 이익조정; 정보비대칭; 자본시장; XBRL; capital market; information asymmetry; earnings management; corporate governance

URI
http://hdl.handle.net/10203/196997
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=568437&flag=dissertation
Appears in Collection
ITM-Theses_Ph.D.(박사논문)
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