XBRL Implementation And Voluntary Information Disclosure Research Of Listed Companies - Corporate Governance Perspective

In the big data network under the background of economy and the increasing internationalization of capital markets, traditional accounting information disclosure model due to the defects of corporate governance structure, poor regulation of information disclosure and needs to be improved. In improving the accounting information disclosure model of exploration, the XBRL arouse the attention of academia and practice.This paper, based on the study of the existing literature at home and abroad, explores XBRL implementation to improve the degree of voluntary information disclosure of listed companies from the perspective of corporate governance. Firstly, combining the theory of principal-agent, signal transmission and cost-benefit systematically and comprehensively analysis the characteristics of using XBRL information disclosure of listed companies.The analysis of XBRL technical advantage, the effect of the capital market information disclosure and voluntary disclosure of information on the role of corporate governance mechanism illustrates the implementation of XBRL mode by promoting voluntary information disclosure of listed companies can enhance the level of corporate governance mechanism and has the effect of corporate governance. Secondly, analyzing the XBRL voluntary disclosure of information on the impact of China's capital market, paper makes the assumption that the use fixed number of year of the application of XBRL disclosure model has a significant role in promoting the voluntary information disclosure level of listed company. Thirdly, the empirical study investigates the relationship between listed company implementing XBRL information disclosure mode beginning in 2003 and in 2009 began and the level of voluntary information disclosure. Research result shows that for the listed company using XBRL disclosure model, the longer of voluntary information disclosure level of ascension, the greater for the level of Voluntary information disclosure which makes the good explanation indirectly promote the level of corporate governance. Finally, based on the empirical analysis paper puts forward to promote the XBRL and strengthens related Suggestions for the capital market information disclosure of listed companies, which has good reference value to promote academic continue studying XBRL.