Huey-Yeh Lin
National Yunlin University of Science & Technology
Chi-Chun Chou
National Chung Cheng University
Meihua Koo
University of Nevada, Las Vegas
Abstract: With the advent of the Web, business information dissemination method has been improved from printed reports to Web disclosure. Under time constraint, the user has difficulty to process data as Web information volume grows because HTML format does not allow search engines to identify reporting elements, which limits the usefulness of retrieved information. Investment decision will benefit from accurate, timely, and useful information. XBRL, an application of XML, alleviates non-value added activities (i.e. data conversion) and improves the efficiency of decision- making. Currently, XBRL ¡¥s success is difficult to measure since the value of XBRL adoption takes time to realize. This study introduces economic model to address the added value of using XBRL from an investor¡¦s perspective. This study theoretical demonstrates investor¡¦s interest and demand on XBRL information service such approach is still lacking in XBRL related literatures.
Keywords: XBRL, HTML, Bayes' Theorem, value added, stock investor
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