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The Determinants of XBRL Adoption: An Empirical Study in an Emerging Economy

  • Tanja LakovicEmail author
  • Biljana Rondovic
  • Tamara Backovic-Vulic
  • Ivana Ivanovic
Conference paper
Part of the Lecture Notes in Business Information Processing book series (LNBIP, volume 341)

Abstract

The purpose of this paper is: (1) to analyze the current state of financial reporting standardization; (2) to determine the impact of technical, organizational and environmental factors on the level of adoption of XBRL; (3) to investigate if there was a difference regarding the impact of the these factors on financial companies, and regulatory bodies, in emerging countries, as is Montenegro. Survey’s data and the effect of the variables were tested using the explorative factor analysis. In line with exceptions, results suggest that there is a difference with regard to impact of analyzed factors on degree of acceptance of standardized reporting forms. Environmental factors have the biggest influence, then the technical ones and at the end organizational factors. Obtained findings can serve creators of national financial reporting strategies to understand impact of analyzed factors, properly identify challenges with regard XBRL adoption and better manage with proactive or corrective initiatives.

Keywords

Financial reporting XBRL TOE INT Emerging economies 

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Tanja Lakovic
    • 1
    Email author
  • Biljana Rondovic
    • 1
  • Tamara Backovic-Vulic
    • 1
  • Ivana Ivanovic
    • 1
  1. 1.Faculty of EconomicsUniversity of MontenegroPodgoricaMontenegro

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