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Institutionalisation of XBRL in the USA and UK
journal contribution
posted on 2023-06-09, 01:27 authored by Aminah Abdullah, Iqbal Khadaroo, Junaid ShaikhThis 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.
History
Publication status
- Published
Journal
International Journal of Managerial and Financial AccountingISSN
1753-6715Publisher
InderscienceExternal DOI
Issue
3Volume
1Page range
292-304Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes