XBRL Adoption and Market Reactions

The Accuity LLP Accounting Faculty Fellowship Assistant Professor of Accounting Tawei (David) Wang published “The Association between XBRL Adoption and Market Reactions” in Journal of Information Systems.  This paper examined whether the mandatory adoption of XBRL facilitates the use of 10-Q and 10-K information. The findings suggest possible information asymmetry between sophisticated and non-sophisticated users after the SEC’s XBRL mandate.