Effects On The Quality Of Accounting Information XBRL

Information technology creates a new accounting environment and puts forward newrequirements to the spread of the accounting information. XBRL impressed the world sincefirst invented. XBRL showed the inner technical advantage in collecting data from theoccurrence of economic business, in enterprise internal circulation and in accessing andanalyzing accounting information of the regulatory authorities and other information users.XBRL is an inevitable trend in the accounting information disclosure in the future.Shenzhen stock exchange (hereinafter referred to as the "SZ stock exchange") and theShanghai stock exchange (hereinafter referred to as the "SH stock exchange") have beenofficially launched XBRL information disclosure platform in2009, open the prelude ofmandatory financial report disclosure in XBRL.In this paper, on the basis of the gradual development of XBRL, the review of theliterature of domestic and foreign research of XBRL, divided into technical advantages,taxonomy policy, the influence of the users of accounting information and the empiricalanalysis. Then analyze XBRL effect on the quality of accounting information.Communication theory to explain the XBRL accounting information process, fromproduction, transfer to the receiver, on the cognitive theory XBRL for the advantage of theaccounting information users, information asymmetry and the efficient market theoryexplaining the XBRL technology to reduce the information asymmetry, improving theeffectiveness of the market. Compare the XBRL differences with the traditional formatstatements, as well as the effect on the specific features of the accounting informationquality. And then summarize the concrete measures for the development of XBRL, due toits development largely depends on the government and regulators, state-owned companydrive the non-state-owned companies, and for research and application of the XBRL SHstock exchange ahead of the SZ stock exchange. Hypothesis on the basis of thedevelopment status, extend the surplus-compensation model and empirical test using eventstudy method and the regression equation. Through analysis it is concluded that theimplementation of the XBRL has information content and improve the quality ofaccounting information, and verify that the state-owned companies than non-state-ownedcompanies, the SH stock exchange listed companies compared to the SZ stock exchangelisted companies, improve the quality of accounting information is more significant. Hopethat through this article research provides the theoretical and practical guidance for furtherpromoting XBRL, at the same time show the economic consequences of XBRL, increase the company from the use and the development of XBRL power, finally put forward thecorresponding policy recommendations.