國立虎尾科技大學 |

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

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The Impact of Investor Information Processing Costs on Firm Disclosure Choice :/
Reminder of title:	Evidence from the XBRL Mandate.
Author:	Blankespoor, Elizbethe Ann.
Description:	1 online resource (79 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 74-09, Section: A.
Contained By:	Dissertations Abstracts International74-09A.
Subject:	Studies. -
Online resource:	click for full text (PQDT)
ISBN:	9781267694928

The Impact of Investor Information Processing Costs on Firm Disclosure Choice : = Evidence from the XBRL Mandate.
Blankespoor, Elizbethe Ann.

The Impact of Investor Information Processing Costs on Firm Disclosure Choice :Evidence from the XBRL Mandate. - 1 online resource (79 pages)

Source: Dissertations Abstracts International, Volume: 74-09, Section: A.

Thesis (Ph.D.)--University of Michigan, 2012.

Includes bibliographical references

This paper examines the effect of investor information processing costs on firms' disclosure choice. Using the recent eXtensible Business Reporting Language (XBRL) regulation as an exogenous shock to investors' processing costs, but not to firms' disclosure requirements, I find that firms increase their quantitative footnote disclosures after adoption of XBRL detailed tagging requirements designed to reduce investor processing costs. These results hold in a difference-in-difference design using non-adopting firms as the control group. To reinforce my finding that the disclosure increase is prompted by reduced investor processing costs, I examine cross-sectional settings where investor processing costs are likely to vary, showing that the disclosure increase is greater for firms where detailed information is more pertinent than summary measures (those with operations in multiple industries, more volatile earnings, and more disperse analyst forecasts), and smaller for firms with sophisticated investors. These findings suggest that investor processing costs can be significant enough to impact firms' disclosure decisions.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9781267694928Subjects--Topical Terms:

1437762
Studies.
Subjects--Index Terms:

DisclosureIndex Terms--Genre/Form:

554714
Electronic books.

The Impact of Investor Information Processing Costs on Firm Disclosure Choice : = Evidence from the XBRL Mandate.
LDR:02513ntm a22003617 4500 001 1150927
005 20241029122358.5
006 m o d
007 cr bn ---uuuuu
008 250605s2012 xx obm 000 0 eng d
020 $a 9781267694928
035 $a (MiAaPQ)AAI3530573
035 $a AAI3530573
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Blankespoor, Elizbethe Ann. $3 1477560
245 1 4 $a The Impact of Investor Information Processing Costs on Firm Disclosure Choice : $b Evidence from the XBRL Mandate.
264 0 $c 2012
300 $a 1 online resource (79 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 74-09, Section: A.
500 $a Publisher info.: Dissertation/Thesis.
500 $a Advisor: Miller, Gregory S.
502 $a Thesis (Ph.D.)--University of Michigan, 2012.
504 $a Includes bibliographical references
520 $a This paper examines the effect of investor information processing costs on firms' disclosure choice. Using the recent eXtensible Business Reporting Language (XBRL) regulation as an exogenous shock to investors' processing costs, but not to firms' disclosure requirements, I find that firms increase their quantitative footnote disclosures after adoption of XBRL detailed tagging requirements designed to reduce investor processing costs. These results hold in a difference-in-difference design using non-adopting firms as the control group. To reinforce my finding that the disclosure increase is prompted by reduced investor processing costs, I examine cross-sectional settings where investor processing costs are likely to vary, showing that the disclosure increase is greater for firms where detailed information is more pertinent than summary measures (those with operations in multiple industries, more volatile earnings, and more disperse analyst forecasts), and smaller for firms with sophisticated investors. These findings suggest that investor processing costs can be significant enough to impact firms' disclosure decisions.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Studies. $3 1437762
650 4 $a Extensible Business Reporting Language. $3 1477561
650 4 $a Information processing. $3 1473673
650 4 $a Disinfection & disinfectants. $3 1477562
650 4 $a Software. $2 gtt $3 574116
650 4 $a Regulation. $3 1413666
650 4 $a Hypotheses. $3 1372657
650 4 $a Proprietary. $3 1475278
650 4 $a Apartments. $3 744774
650 4 $a Taxonomy. $3 1437780
650 4 $a Current liabilities. $3 1471327
653 $a Disclosure
653 $a Processing costs
653 $a eXtensible Business Reporting Language (XBRL)
655 7 $a Electronic books. $2 local $3 554714
690 $a 0272
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a University of Michigan. $3 845400
773 0 $t Dissertations Abstracts International $g 74-09A.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3530573 $z click for full text (PQDT)