Abstract
Extensible Business Reporting Language (XBRL) is becoming increasingly popular in the area of financial accounting data. On 2 May 2018, it was announced that public listed companies (PLC) must document their reports in XBRL format at the three cross-country exchanges, namely, the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) and MCX. This article examines whether such PLCs' operational performance has improved since the mandate began. The performance variables of the company are investigated. Our findings reveal that the XBRL-adopted PLC's success is mostly driven by growth (sales revenue) and size (size of assets), with the XBRL mandate having a substantial impact. The greater transparency of financial reporting information, according to our findings, may act as an external monitoring role. The government and Ministry of Corporate Affairs (MCA) should effectively understand future trends and strengthen XBRL adoption.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: SEDME (Small Enterprises Development, Management & Extension Journal): A worldwide window on MSME Studies
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
