NDLI: The Impact of Information Processing Costs on Firm Disclosure Choice: Evidence from the XBRL Mandate

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The Impact of Information Processing Costs on Firm Disclosure Choice: Evidence from the XBRL Mandate

Content Provider	Semantic Scholar
Author	Blankespoor, Elizabeth
Copyright Year	2019
Abstract	This paper examines the effect of market participants’ information processing costs on firms’ disclosure choice. Using the recent eXtensible Business Reporting Language (XBRL) regulation, I find that firms increase their quantitative footnote disclosures upon implementation of XBRL detailed tagging requirements designed to reduce information users’ processing costs. These results hold in a difference‐in‐difference design using matched nonadopting firms as controls, as well as two additional identification strategies. Examination of the disclosure increase by footnote type suggests that both regulatory and nonregulatory market participants play a role in monitoring firm disclosures. Overall, these findings suggest that the processing costs of market participants can be significant enough to impact firms’ disclosure decisions.
Starting Page	919
Ending Page	967
Page Count	49
File Format	PDF HTM / HTML
DOI	10.2139/ssrn.3315561
Volume Number	57
Alternate Webpage(s)	https://research.chicagobooth.edu/-/media/research/arc/docs/journal/online-supplements/blankespoor-internet-appendix.pdf?hash=54E69355A4AAFA30778FEE1D27C82AFDD8847B82&la=en
Alternate Webpage(s)	https://doi.org/10.2139/ssrn.3315561
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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