Work

Institutionalisation of XBRL in the USA and UK

Year: 2009

Type: article

Abstract: This paper examines the institutionalisation of extensible business reporting language (XBRL) in the USA and UK. It finds that there are variations in the adoption of XBRL, primarily arising from institutional differences and support between the two countries. XBRL seems to have taken deeper root in the USA than the UK primarily because of the relatively stronger institutional 'coercive' pressures. We argue that 'normative' pressures, from the accounting profession, only play a supportive role in the institutionalisation process but do not determine XBRL adoption. Thus, we conclude that mandating XBRL by regulators and obtaining greater support from the accounting profession, software developers and other interest groups are required for the future success of XBRL.

Source: International Journal of Managerial and Financial Accounting

DOI: 10.1504/ijmfa.2009.025057

Authors: Aminah Abdullah, Iqbal Khadaroo, Junaid Shaikh

Institutions: Belfast Metropolitan College, Queen's University Belfast, Curtin University Sarawak, Curtin University

Language: English

Topic: Financial Reporting and XBRL

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2010342067

FWCI:

Cites: 15

Cited by: 42

Related to: 10