Abstract
The requirements towards financial reporting have considerably changed within the last 15 years. Stakeholders demand not only accurate and reliable information in shorter intervals, but also customized reports meeting their information needs. Thus, companies need to develop strategies to cope with the new affordances of professional investor relations and stakeholder management. We conducted a survey among publicly listed Austrian firms, investigating whether they perceive a need to develop new reporting practices and if they have already started to deal with new sorts of reporting standards, especially XBRL. The survey examined the state of the art in XBRL diffusion and adoption among Austrian companies analyzing supporting and inhibiting factors for its application and rejection. The results of the survey indicate a great awareness for the need of target-group oriented financial reporting and high relevance of technical reporting standards in the future. However, Austrian firms show poor preparedness for the new technological requirements. It’s probable that initiatives are needed to stimulate the adoption of the new technological standards and pave the way towards a next generation reporting.
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Kovarova-Simecek, M., Pellegrini, T. (2017). Reporting to Machines – Reporting Trends and XBRL Diffusion Among Austrian Listed Companies. In: Becker, T., Schneckenleitner, P., Reitberger, W., Brunner-Sperdin, A. (eds) Conference Proceedings Trends in Business Communication 2016. Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-17254-1_5
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