DOI: 10.5176/2251-1997_AF18.177
Authors: Chunhui Liu, Fu Lee Wang, Xin Luo
Abstract:
Most empirical research into XBRL adoption has been done with samples where partial XBRL adoption is done because only financial statements are tagged. Footnote disclosures have been found to be informative in addition to statement information. This research explores the extra value of tagging footnotes by studying changes in market liquidity when regulation requires a transition from partial XBRL adoption to full XBRL adoption where footnotes are also tagged.
Keywords: XBRL, footnote disclosure, market liquidity
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