| XBRL financial report is the information technology to further expand and deepen in the field of financial product, its emergence has upended financial report information disclosure mode, realized the real-time release of accounting information, dynamic update, interactive query and dimensional analysis. The application of XBRL financial report reduce the transaction cost, enhance the use efficiency of the financial information, improve the quality of accounting information and meets the comprehensive, timely, forward-looked information requirements of stakeholders. The study of XBRL in China launched late and it was still in the stage of exploration at present. However, the Chinese government attaches great importance to the study of XBRL and actively support and promote the continuous development of research and application of XBRL. From the initiation of the XBRL research project in 2006 to the release of XBRL technical specification and general classification standard in 2010 and its standards extended to the oil and gas industry, from the first batch of general classification standards implementation smoothly in 2011 to advance step by step in 2014,from the regional radiation to the specified provinces across the country, the implementation of industry also from large state-owned enterprises, accounting firm to local large and medium-sized enterprises, finance, insurance, which marked the XBRL technology in China has made great progress and all-round development. However, voluntary application of XBRL financial reports of enterprises is not much and most of them are still in observation. so, the factors influencing the voluntary application of XBRL financial reports of listed companies worth exploring. Domestic listed company voluntary application research in the impacting factors of XBRL financial report basically has two directions: one is the corporate governance structure factors, including the shareholding structure characteristics(the proportion of tradable shares, shareholders ownership and equity balance degree), the board of directors characteristics(the joining together of two position, the proportion of independent directors, the board of directors diligent degree) and incentive evaluation characteristics(executives shareholding, the types of audit opinions and whether to hire the big four accounting firm for external audit). The second is the company’s industry characteristics. However, both corporate governance factors and industry characteristics belong to the company’s objective environmental conditions, this article attempts from the subjective factors of the company and study the background features of chairman’s impact on enterprise voluntary application of XBRL financial report.Firstly domestic and foreign research related to the chairman’s background characteristics and the factors influencing the voluntary application of XBRL financial report are reviewed respectively in this paper, and then expounds relevant theoretical basis of chairman and XBRL financial reporting. Then from six aspects of the chairman’s gender, age, education, tenure, education background, working experience to analyze its impact on voluntary application of XBRL financial reports and assumptions are put forward. Next, this paper selects all listed companies of Shanghai stock exchange as the overall research sample, the voluntary application and submission the XBRL financial report of the company before 2014 as A set of sample voluntary application, the rest of the group company as A voluntary application samples, and empirically tested the background characteristics of the chairman’s impact on enterprise voluntary application of XBRL financial report. The research’s results show that the voluntary application of XBRL financial report is significantly related to the chairman’s education, tenure, education background, work experience and the significant negative correlation with the age, the influence of the chairman’s gender on voluntary application of XBRL financial report is not significant. Finally starting from the company executives, especially the chairman of the company, this paper put forward relevant policy recommendations on the application of XBRL financial report. |
