{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,3,5]],"date-time":"2026-03-05T18:49:04Z","timestamp":1772736544572,"version":"3.50.1"},"reference-count":61,"publisher":"American Accounting Association","issue":"1","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2021,3,1]]},"abstract":"<jats:title>ABSTRACT<\/jats:title>\n               <jats:p>This study investigates whether information processing efficiency has an impact on public companies' investment efficiency. Using the adoption of XBRL as an exogenous shock that decreases information processing cost, we find that companies improve their investment efficiency after the adoption of XBRL. The effect is more pronounced for (1) firms that have inferior external monitoring, (2) firms that operate in more uncertain information environments, and (3) firms that have less readable financial reporting. In addition, we find a learning curve in investors' understanding of XBRL over time. After splitting firms into over-investment and under-investment groups, we conclude that the XBRL mandate is more likely to curb managers' opportunistic over-investments. Our study extends the XBRL literature by providing empirical evidence on the effects of XBRL adoption from the perspective of managers.<\/jats:p>\n               <jats:p>Data Availability:\u2002Contact the corresponding author at yincheng@sem.tsinghua.edu.cn.<\/jats:p>","DOI":"10.2308\/isys-18-063","type":"journal-article","created":{"date-parts":[[2020,2,26]],"date-time":"2020-02-26T17:49:46Z","timestamp":1582739386000},"page":"1-25","source":"Crossref","is-referenced-by-count":20,"title":["How Does Information Processing Efficiency Relate to Investment Efficiency? Evidence from XBRL Adoption"],"prefix":"10.2308","volume":"35","author":[{"given":"Xin","family":"Cheng","sequence":"first","affiliation":[{"name":"Renmin University of China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Feiqi","family":"Huang","sequence":"additional","affiliation":[{"name":"Pace University"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Dan","family":"Palmon","sequence":"additional","affiliation":[{"name":"Rutgers, The State University of New Jersey, Newark"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-1387-452X","authenticated-orcid":true,"given":"Cheng","family":"Yin","sequence":"additional","affiliation":[{"name":"Tsinghua University"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"1112","published-online":{"date-parts":[[2020,2,26]]},"reference":[{"key":"2024082915271861300_i1558-7959-35-1-1-Ali1","doi-asserted-by":"crossref","unstructured":"Ali,\n              A.,\n             and\n\t\t\t\t\t\tZhangW.\n          2015.\n\t\t\t\t\tCEO tenure and earnings management.\n\t\t\t\t\tJournal of Accounting and Economics59 (\n\t\t\t\t\t1):\n\t\t\t\t\t60\u2013\n\t\t\t\t\t79.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jacceco.2014.11.004","DOI":"10.1016\/j.jacceco.2014.11.004"},{"key":"2024082915271861300_i1558-7959-35-1-1-Bae1","doi-asserted-by":"crossref","unstructured":"Bae,\n              G. S.,\n            \n            \n              Choi\n              S. U.,\n            \n            \n              Dhaliwal\n              D. S.,\n             and\n\t\t\t\t\t\tLamoreauxP. T.\n          2017.\n\t\t\t\t\tAuditors and client investment efficiency.\n\t\t\t\t\tThe Accounting Review92 (\n\t\t\t\t\t2):\n\t\t\t\t\t19\u2013\n\t\t\t\t\t40.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr-51530","DOI":"10.2308\/accr-51530"},{"key":"2024082915271861300_i1558-7959-35-1-1-Baker1","doi-asserted-by":"crossref","unstructured":"Baker,\n              M.,\n            \n            \n              Stein\n              J. C.,\n             and\n\t\t\t\t\t\tWurglerJ.\n          2003.\n\t\t\t\t\tWhen does the market matter? Stock prices and the investment of equity-dependent firms.\n\t\t\t\t\tThe Quarterly Journal of Economics118 (\n\t\t\t\t\t3):\n\t\t\t\t\t969\u2013\n\t\t\t\t\t1005.\n\t\t\t\t\thttps:\/\/doi.org\/10.1162\/00335530360698478","DOI":"10.1162\/00335530360698478"},{"key":"2024082915271861300_i1558-7959-35-1-1-Bertrand1","doi-asserted-by":"crossref","unstructured":"Bertrand,\n              M.,\n             and\n\t\t\t\t\t\tMullainathanS.\n          2003.\n\t\t\t\t\tEnjoying the quiet life? Corporate governance and managerial preferences.\n\t\t\t\t\tJournal of Political Economy111 (\n\t\t\t\t\t5):\n\t\t\t\t\t1043\u2013\n\t\t\t\t\t1075.\n\t\t\t\t\thttps:\/\/doi.org\/10.1086\/376950","DOI":"10.1086\/376950"},{"key":"2024082915271861300_i1558-7959-35-1-1-Biddle1","doi-asserted-by":"crossref","unstructured":"Biddle,\n              G. C.,\n             and\n\t\t\t\t\t\tHilaryG.\n          2006.\n\t\t\t\t\tAccounting quality and firm-level capital investment.\n\t\t\t\t\tThe Accounting Review81 (\n\t\t\t\t\t5):\n\t\t\t\t\t963\u2013\n\t\t\t\t\t982.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr.2006.81.5.963","DOI":"10.2308\/accr.2006.81.5.963"},{"key":"2024082915271861300_i1558-7959-35-1-1-Biddle2","doi-asserted-by":"crossref","unstructured":"Biddle,\n              G. C.,\n            \n            \n              Hilary\n              G.,\n             and\n\t\t\t\t\t\tVerdiR. S.\n          2009.\n\t\t\t\t\tHow does financial reporting quality relate to investment efficiency?Journal of Accounting and Economics48 (\n\t\t\t\t\t2\/3):\n\t\t\t\t\t112\u2013\n\t\t\t\t\t131.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jacceco.2009.09.001","DOI":"10.1016\/j.jacceco.2009.09.001"},{"key":"2024082915271861300_i1558-7959-35-1-1-Biddle3","unstructured":"Biddle,\n              G. C.,\n            \n            \n              Callahan\n              C. M.,\n            \n            \n              Hong\n              H. A.,\n             and\n\t\t\t\t\t\tKnowlesR. L.\n          2016.\n\t\t\t\t\tDo adoptions of international financial reporting standards enhance capital investment efficiency?Working paper,\n\t\t\t\t\tColumbia Business School.\n\t\t\t\t\tAvailable at: https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=2353693"},{"key":"2024082915271861300_i1558-7959-35-1-1-Blankespoor1","doi-asserted-by":"crossref","unstructured":"Blankespoor,\n              E.,\n            \n            \n              Miller\n              B. P.,\n             and\n\t\t\t\t\t\tWhiteH. D.\n          2014.\n\t\t\t\t\tInitial evidence on the market impact of the XBRL mandate.\n\t\t\t\t\tReview of Accounting Studies19 (\n\t\t\t\t\t4):\n\t\t\t\t\t1468\u2013\n\t\t\t\t\t1503.\n\t\t\t\t\thttps:\/\/doi.org\/10.1007\/s11142-013-9273-4","DOI":"10.1007\/s11142-013-9273-4"},{"key":"2024082915271861300_i1558-7959-35-1-1-Blankley1","doi-asserted-by":"crossref","unstructured":"Blankley,\n              A. I.,\n            \n            \n              Hurtt\n              D. N.,\n             and\n\t\t\t\t\t\tMacGregorJ. E.\n          2012.\n\t\t\t\t\tAbnormal audit fees and restatements.\n\t\t\t\t\tAuditing: A Journal of Practice & Theory31 (\n\t\t\t\t\t1):\n\t\t\t\t\t79\u2013\n\t\t\t\t\t96.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/ajpt-10210","DOI":"10.2308\/ajpt-10210"},{"key":"2024082915271861300_i1558-7959-35-1-1-Boritz1","doi-asserted-by":"crossref","unstructured":"Boritz,\n              J. E.,\n             and\n\t\t\t\t\t\tNoW. G.\n          2009.\n\t\t\t\t\tAssurance on XBRL-related documents: The case of United Technologies Corporation.\n\t\t\t\t\tJournal of Information Systems23 (\n\t\t\t\t\t2):\n\t\t\t\t\t49\u2013\n\t\t\t\t\t78.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/jis.2009.23.2.49","DOI":"10.2308\/jis.2009.23.2.49"},{"key":"2024082915271861300_i1558-7959-35-1-1-Bushee1","unstructured":"Bushee,\n              B. J.\n            \n          \n          1998.\n\t\t\t\t\tThe influence of institutional investors on myopic R&D investment behavior.\n\t\t\t\t\tThe Accounting Review73 (\n\t\t\t\t\t3):\n\t\t\t\t\t305\u2013\n\t\t\t\t\t333."},{"key":"2024082915271861300_i1558-7959-35-1-1-Bushee2","doi-asserted-by":"crossref","unstructured":"Bushee,\n              B. J.\n            \n          \n          2001.\n\t\t\t\t\tDo institutional investors prefer near-term earnings over long-run value?Contemporary Accounting Research18 (\n\t\t\t\t\t2):\n\t\t\t\t\t207\u2013\n\t\t\t\t\t246.\n\t\t\t\t\thttps:\/\/doi.org\/10.1506\/J4GU-BHWH-8HME-LE0X","DOI":"10.1092\/J4GU-BHWH-8HME-LE0X"},{"key":"2024082915271861300_i1558-7959-35-1-1-Bushman1","doi-asserted-by":"crossref","unstructured":"Bushman,\n              R. M.,\n             and\n\t\t\t\t\t\tSmithA. J.\n          2001.\n\t\t\t\t\tFinancial accounting information and corporate governance.\n\t\t\t\t\tJournal of Accounting and Economics32 (\n\t\t\t\t\t1\/3):\n\t\t\t\t\t237\u2013\n\t\t\t\t\t333.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/S0165-4101(01)00027-1","DOI":"10.1016\/S0165-4101(01)00027-1"},{"key":"2024082915271861300_i1558-7959-35-1-1-Chang1","doi-asserted-by":"crossref","unstructured":"Chang,\n              X.,\n            \n            \n              Dasgupta\n              S.,\n             and\n\t\t\t\t\t\tHilaryG.\n          2009.\n\t\t\t\t\tThe effect of auditor quality on financing decisions.\n\t\t\t\t\tThe Accounting Review84 (\n\t\t\t\t\t4):\n\t\t\t\t\t1085\u2013\n\t\t\t\t\t1117.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr.2009.84.4.1085","DOI":"10.2308\/accr.2009.84.4.1085"},{"key":"2024082915271861300_i1558-7959-35-1-1-Chen1","doi-asserted-by":"crossref","unstructured":"Chen,\n              F.,\n            \n            \n              Hope\n              O.-K.,\n            \n            \n              Li\n              Q.,\n             and\n\t\t\t\t\t\tWangX.\n          2011.\n\t\t\t\t\tFinancial reporting quality and investment efficiency of private firms in emerging markets.\n\t\t\t\t\tThe Accounting Review86 (\n\t\t\t\t\t4):\n\t\t\t\t\t1255\u2013\n\t\t\t\t\t1288.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr-10040","DOI":"10.2308\/accr-10040"},{"key":"2024082915271861300_i1558-7959-35-1-1-Cheng1","doi-asserted-by":"crossref","unstructured":"Cheng,\n              M.,\n            \n            \n              Dhaliwal\n              D.,\n             and\n\t\t\t\t\t\tZhangY.\n          2013.\n\t\t\t\t\tDoes investment efficiency improve after the disclosure of material weaknesses in internal control over financial reporting?Journal of Accounting and Economics56 (\n\t\t\t\t\t1):\n\t\t\t\t\t1\u2013\n\t\t\t\t\t18.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jacceco.2013.03.001","DOI":"10.1016\/j.jacceco.2013.03.001"},{"key":"2024082915271861300_i1558-7959-35-1-1-CutillasGomariz1","doi-asserted-by":"crossref","unstructured":"Cutillas Gomariz,\n              M. F.,\n             and\n\t\t\t\t\t\tS\u00e1nchez BallestaJ. P.\n          2014.\n\t\t\t\t\tFinancial reporting quality, debt maturity and investment efficiency.\n\t\t\t\t\tJournal of Banking & Finance40 (\n\t\t\t\t\tMarch):\n\t\t\t\t\t494\u2013\n\t\t\t\t\t506.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jbankfin.2013.07.013","DOI":"10.1016\/j.jbankfin.2013.07.013"},{"key":"2024082915271861300_i1558-7959-35-1-1-Dechow1","doi-asserted-by":"crossref","unstructured":"Dechow,\n              P. M.,\n             and\n\t\t\t\t\t\tDichevI. D.\n          2002.\n\t\t\t\t\tThe quality of accruals and earnings: The role of accrual estimation errors.\n\t\t\t\t\tThe Accounting Review77(Supplement):35\u2013\n\t\t\t\t\t59.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr.2002.77.s-1.35","DOI":"10.2308\/accr.2002.77.s-1.35"},{"key":"2024082915271861300_i1558-7959-35-1-1-Dhole1","doi-asserted-by":"crossref","unstructured":"Dhole,\n              S.,\n            \n            \n              Lobo\n              G. J.,\n            \n            \n              Mishra\n              S.,\n             and\n\t\t\t\t\t\tPalA. M.\n          2015.\n\t\t\t\t\tEffects of the SEC's XBRL mandate on financial reporting comparability.\n\t\t\t\t\tInternational Journal of Accounting Information Systems19:\n\t\t\t\t\t29\u2013\n\t\t\t\t\t44.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.accinf.2015.11.002","DOI":"10.1016\/j.accinf.2015.11.002"},{"key":"2024082915271861300_i1558-7959-35-1-1-Dong1","doi-asserted-by":"crossref","unstructured":"Dong,\n              Y.,\n            \n            \n              Li\n              O. Z.,\n            \n            \n              Lin\n              Y.,\n             and\n\t\t\t\t\t\tNiC.\n          2016.\n\t\t\t\t\tDoes information-processing cost affect firm-specific information acquisition? Evidence from XBRL adoption.\n\t\t\t\t\tJournal of Financial and Quantitative Analysis51 (\n\t\t\t\t\t2):\n\t\t\t\t\t435\u2013\n\t\t\t\t\t462.\n\t\t\t\t\thttps:\/\/doi.org\/10.1017\/S0022109016000235","DOI":"10.1017\/S0022109016000235"},{"key":"2024082915271861300_i1558-7959-35-1-1-Efthimides1","unstructured":"Efthimides,\n              E.\n            \n          \n          2017.\n\t\t\t\t\tQ&A with an expert: Bloomberg Global Data's use of XBRL shows the vital importance of data quality.\n\t\t\t\t\tDimensions.\n\t\t\t\t\tMinneapolis, MN:\n\t\t\t\t\tMerrill Corporation."},{"key":"2024082915271861300_i1558-7959-35-1-1-Ferreira1","doi-asserted-by":"crossref","unstructured":"Ferreira,\n              M. A.,\n             and\n\t\t\t\t\t\tMatosP.\n          2008.\n\t\t\t\t\tThe colors of investors' money: The role of institutional investors around the world.\n\t\t\t\t\tJournal of Financial Economics88 (\n\t\t\t\t\t3):\n\t\t\t\t\t499\u2013\n\t\t\t\t\t533.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jfineco.2007.07.003","DOI":"10.1016\/j.jfineco.2007.07.003"},{"key":"2024082915271861300_i1558-7959-35-1-1-Francis1","doi-asserted-by":"crossref","unstructured":"Francis,\n              J.,\n            \n            \n              Nanda\n              D.,\n             and\n\t\t\t\t\t\tWangX.\n          2006.\n\t\t\t\t\tRe-examining the effects of regulation fair disclosure using foreign listed firms to control for concurrent shocks.\n\t\t\t\t\tJournal of Accounting and Economics41 (\n\t\t\t\t\t3):\n\t\t\t\t\t271\u2013\n\t\t\t\t\t292.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jacceco.2006.03.002","DOI":"10.1016\/j.jacceco.2006.03.002"},{"key":"2024082915271861300_i1558-7959-35-1-1-Francis2","doi-asserted-by":"crossref","unstructured":"Francis,\n              J.,\n            \n            \n              LaFond\n              R.,\n            \n            \n              Olsson\n              P.,\n             and\n\t\t\t\t\t\tSchipperK.\n          2005.\n\t\t\t\t\tThe market pricing of accruals quality.\n\t\t\t\t\tJournal of Accounting and Economics39 (\n\t\t\t\t\t2):\n\t\t\t\t\t295\u2013\n\t\t\t\t\t327.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jacceco.2004.06.003","DOI":"10.1016\/j.jacceco.2004.06.003"},{"key":"2024082915271861300_i1558-7959-35-1-1-GarciaLara1","doi-asserted-by":"crossref","unstructured":"Garc\u00eda Lara,\n              J. M. G.,\n            \n            \n              Garc\u00eda Osma\n              B. G.,\n             and\n\t\t\t\t\t\tPenalvaF.\n          2016.\n\t\t\t\t\tAccounting conservatism and firm investment efficiency.\n\t\t\t\t\tJournal of Accounting and Economics61 (\n\t\t\t\t\t1):\n\t\t\t\t\t221\u2013\n\t\t\t\t\t238.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jacceco.2015.07.003","DOI":"10.1016\/j.jacceco.2015.07.003"},{"key":"2024082915271861300_i1558-7959-35-1-1-Healy1","doi-asserted-by":"crossref","unstructured":"Healy,\n              P. M.,\n             and\n\t\t\t\t\t\tPalepuK. G.\n          2001.\n\t\t\t\t\tInformation asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature.\n\t\t\t\t\tJournal of Accounting and Economics31 (\n\t\t\t\t\t1\/3):\n\t\t\t\t\t405\u2013\n\t\t\t\t\t440.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/S0165-4101(01)00018-0","DOI":"10.1016\/S0165-4101(01)00018-0"},{"key":"2024082915271861300_i1558-7959-35-1-1-Heflin1","doi-asserted-by":"crossref","unstructured":"Heflin,\n              F.,\n            \n            \n              Subramanyam\n              K. R.,\n             and\n\t\t\t\t\t\tZhangY.\n          2003.\n\t\t\t\t\tRegulation FD and the financial information environment: Early evidence.\n\t\t\t\t\tThe Accounting Review78 (\n\t\t\t\t\t1):\n\t\t\t\t\t1\u2013\n\t\t\t\t\t37.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr.2003.78.1.1","DOI":"10.2308\/accr.2003.78.1.1"},{"key":"2024082915271861300_i1558-7959-35-1-1-Henry1","doi-asserted-by":"crossref","unstructured":"Henry,\n              E.,\n            \n            \n              Liu,\n              F. C.,\n            \n            \n              Yang,\n              S. Y.,\n             &\n\t\t\t\t\t\tZhu,X.\n          2018.\n\t\t\t\t\tStructural comparability of financial statements.\n\t\t\t\t\tWorking paper, Stevens Institute of Technology, School of Business.","DOI":"10.2139\/ssrn.3133324"},{"key":"2024082915271861300_i1558-7959-35-1-1-Hodge1","doi-asserted-by":"crossref","unstructured":"Hodge,\n              F. D.,\n            \n            \n              Kennedy\n              J. J.,\n             and\n\t\t\t\t\t\tMainesL. A.\n          2004.\n\t\t\t\t\tDoes search-facilitating technology improve the transparency of financial reporting?The Accounting Review79 (\n\t\t\t\t\t3):\n\t\t\t\t\t687\u2013\n\t\t\t\t\t703.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr.2004.79.3.687","DOI":"10.2308\/accr.2004.79.3.687"},{"key":"2024082915271861300_i1558-7959-35-1-1-Hoitash1","doi-asserted-by":"crossref","unstructured":"Hoitash,\n              R.,\n             and\n\t\t\t\t\t\tHoitashU.\n          2018.\n\t\t\t\t\tMeasuring accounting reporting complexity with XBRL.\n\t\t\t\t\tThe Accounting Review93 (\n\t\t\t\t\t1):\n\t\t\t\t\t259\u2013\n\t\t\t\t\t287.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr-51762","DOI":"10.2308\/accr-51762"},{"key":"2024082915271861300_i1558-7959-35-1-1-Holmstrom1","doi-asserted-by":"crossref","unstructured":"Holmstrom,\n              B.\n            \n          \n          1982.\n\t\t\t\t\tMoral hazard in teams.\n\t\t\t\t\tThe Bell Journal of Economics13 (\n\t\t\t\t\t2):\n\t\t\t\t\t324\u2013\n\t\t\t\t\t340.\n\t\t\t\t\thttps:\/\/doi.org\/10.2307\/3003457","DOI":"10.2307\/3003457"},{"key":"2024082915271861300_i1558-7959-35-1-1-Hope1","doi-asserted-by":"crossref","unstructured":"Hope,\n              O. K.,\n             and\n\t\t\t\t\t\tThomasW. B.\n          2008.\n\t\t\t\t\tManagerial empire building and firm disclosure.\n\t\t\t\t\tJournal of Accounting Research46 (\n\t\t\t\t\t3):\n\t\t\t\t\t591\u2013\n\t\t\t\t\t626.\n\t\t\t\t\thttps:\/\/doi.org\/10.1111\/j.1475-679X.2008.00289.x","DOI":"10.1111\/j.1475-679X.2008.00289.x"},{"key":"2024082915271861300_i1558-7959-35-1-1-Hou1","doi-asserted-by":"crossref","unstructured":"Hou,\n              Q.,\n            \n            \n              Jin\n              Q.,\n            \n            \n              Wang\n              L.,\n             and\n\t\t\t\t\t\tZhangG.\n          2016.\n\t\t\t\t\tMandatory IFRS adoption, accounting quality, and investment efficiency: Evidence from China.\n\t\t\t\t\tChina Journal of Accounting Studies4 (\n\t\t\t\t\t3):\n\t\t\t\t\t236\u2013\n\t\t\t\t\t262.\n\t\t\t\t\thttps:\/\/doi.org\/10.1080\/21697213.2016.1218632","DOI":"10.1080\/21697213.2016.1218632"},{"key":"2024082915271861300_i1558-7959-35-1-1-Hovakimian1","doi-asserted-by":"crossref","unstructured":"Hovakimian,\n              A.,\n             and\n\t\t\t\t\t\tHovakimianG.\n          2009.\n\t\t\t\t\tCash flow sensitivity of investment.\n\t\t\t\t\tEuropean Financial Management15 (\n\t\t\t\t\t1):\n\t\t\t\t\t47\u2013\n\t\t\t\t\t65.\n\t\t\t\t\thttps:\/\/doi.org\/10.1111\/j.1468-036X.2007.00420.x","DOI":"10.1111\/j.1468-036X.2007.00420.x"},{"key":"2024082915271861300_i1558-7959-35-1-1-Huang1","doi-asserted-by":"crossref","unstructured":"Huang,\n              F.,\n            \n            \n              No\n              W.,\n             and\n\t\t\t\t\t\tVasarhelyiM. A.\n          2019.\n\t\t\t\t\tDo managers use extension elements strategically in the SEC's tagged data for financial statements? Evidence from XBRL complexity.\n\t\t\t\t\tJournal of Information Systems33 (\n\t\t\t\t\t3):\n\t\t\t\t\t61\u2013\n\t\t\t\t\t74.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/isys-52162","DOI":"10.2308\/isys-52162"},{"key":"2024082915271861300_i1558-7959-35-1-1-Hubbard1","doi-asserted-by":"crossref","unstructured":"Hubbard,\n              R. G.\n            \n          \n          1997.\n\t\t\t\t\tCapital-market imperfections and investment.\n\t\t\t\t\tWorking paper, National Bureau of Economic Research.","DOI":"10.3386\/w5996"},{"key":"2024082915271861300_i1558-7959-35-1-1-Jain1","doi-asserted-by":"crossref","unstructured":"Jain,\n              P. K.,\n             and\n\t\t\t\t\t\tRezaeeZ.\n          2006.\n\t\t\t\t\tThe Sarbanes-Oxley Act of 2002 and capital-market behavior: Early evidence.\n\t\t\t\t\tContemporary Accounting Research23 (\n\t\t\t\t\t3):\n\t\t\t\t\t629\u2013\n\t\t\t\t\t654.\n\t\t\t\t\thttps:\/\/doi.org\/10.1506\/2GWA-MBPJ-L35D-C4K6","DOI":"10.1506\/2GWA-MBPJ-L35D-C4K6"},{"key":"2024082915271861300_i1558-7959-35-1-1-Jensen1","unstructured":"Jensen,\n              M. C.\n            \n          \n          1986.\n\t\t\t\t\tAgency costs of free cash flow, corporate finance, and takeovers.\n\t\t\t\t\tThe American Economic Review76 (\n\t\t\t\t\t2):\n\t\t\t\t\t323\u2013\n\t\t\t\t\t329."},{"key":"2024082915271861300_i1558-7959-35-1-1-Jensen2","doi-asserted-by":"crossref","unstructured":"Jensen,\n              M. C.,\n             and\n\t\t\t\t\t\tMecklingW. H.\n          1976.\n\t\t\t\t\tTheory of the firm: Managerial behavior, agency costs and ownership structure.\n\t\t\t\t\tJournal of Financial Economics3 (\n\t\t\t\t\t4):\n\t\t\t\t\t305\u2013\n\t\t\t\t\t360.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/0304-405X(76)90026-X","DOI":"10.1016\/0304-405X(76)90026-X"},{"key":"2024082915271861300_i1558-7959-35-1-1-Jung1","doi-asserted-by":"crossref","unstructured":"Jung,\n              B.,\n            \n            \n              Lee\n              W. J.,\n             and\n\t\t\t\t\t\tWeberD. P.\n          2014.\n\t\t\t\t\tFinancial reporting quality and labor investment efficiency.\n\t\t\t\t\tContemporary Accounting Research31 (\n\t\t\t\t\t4):\n\t\t\t\t\t1047\u2013\n\t\t\t\t\t1076.\n\t\t\t\t\thttps:\/\/doi.org\/10.1111\/1911-3846.12053","DOI":"10.1111\/1911-3846.12053"},{"key":"2024082915271861300_i1558-7959-35-1-1-Kasznik1","doi-asserted-by":"crossref","unstructured":"Kasznik,\n              R.\n            \n          \n          1999.\n\t\t\t\t\tOn the association between voluntary disclosure and earnings management.\n\t\t\t\t\tJournal of Accounting Research37 (\n\t\t\t\t\t1):\n\t\t\t\t\t57\u2013\n\t\t\t\t\t81.\n\t\t\t\t\thttps:\/\/doi.org\/10.2307\/2491396","DOI":"10.2307\/2491396"},{"key":"2024082915271861300_i1558-7959-35-1-1-Khadaroo1","doi-asserted-by":"crossref","unstructured":"Khadaroo,\n              I.\n            \n          \n          2005.\n\t\t\t\t\tCorporate reporting on the internet: Some implications for the auditing profession.\n\t\t\t\t\tManagerial Auditing Journal20 (\n\t\t\t\t\t6):\n\t\t\t\t\t578\u2013\n\t\t\t\t\t591.\n\t\t\t\t\thttps:\/\/doi.org\/10.1108\/02686900510606074","DOI":"10.1108\/02686900510606074"},{"key":"2024082915271861300_i1558-7959-35-1-1-Khurana1","doi-asserted-by":"crossref","unstructured":"Khurana,\n              I. K.,\n             and\n\t\t\t\t\t\tMoserW. J.\n          2013.\n\t\t\t\t\tInstitutional shareholders' investment horizons and tax avoidance.\n\t\t\t\t\tThe Journal of the American Taxation Association35 (\n\t\t\t\t\t1):\n\t\t\t\t\t111\u2013\n\t\t\t\t\t134.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/atax-50315","DOI":"10.2308\/atax-50315"},{"key":"2024082915271861300_i1558-7959-35-1-1-Kim1","doi-asserted-by":"crossref","unstructured":"Kim,\n              J. W.,\n            \n            \n              Lim\n              J.-H.,\n             and\n\t\t\t\t\t\tNoW. G.\n          2012.\n\t\t\t\t\tThe effect of first wave mandatory XBRL reporting across the financial information environment.\n\t\t\t\t\tJournal of Information Systems26 (\n\t\t\t\t\t1):\n\t\t\t\t\t127\u2013\n\t\t\t\t\t153.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/isys-10260","DOI":"10.2308\/isys-10260"},{"key":"2024082915271861300_i1558-7959-35-1-1-Kothari1","doi-asserted-by":"crossref","unstructured":"Kothari,\n              S. P.,\n            \n            \n              Leone\n              A. J.,\n             and\n\t\t\t\t\t\tWasleyC. E.\n          2005.\n\t\t\t\t\tPerformance matched discretionary accrual measures.\n\t\t\t\t\tJournal of Accounting and Economics39 (\n\t\t\t\t\t1):\n\t\t\t\t\t163\u2013\n\t\t\t\t\t197.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jacceco.2004.11.002","DOI":"10.1016\/j.jacceco.2004.11.002"},{"key":"2024082915271861300_i1558-7959-35-1-1-Lambert1","doi-asserted-by":"crossref","unstructured":"Lambert,\n              R.,\n            \n            \n              Leuz\n              C.,\n             and\n\t\t\t\t\t\tVerrecchiaR. E.\n          2007.\n\t\t\t\t\tAccounting information, disclosure, and the cost of capital.\n\t\t\t\t\tJournal of Accounting Research45 (\n\t\t\t\t\t2):\n\t\t\t\t\t385\u2013\n\t\t\t\t\t420.\n\t\t\t\t\thttps:\/\/doi.org\/10.1111\/j.1475-679X.2007.00238.x","DOI":"10.1111\/j.1475-679X.2007.00238.x"},{"key":"2024082915271861300_i1558-7959-35-1-1-Lenger1","unstructured":"Lenger,\n              S.,\n            \n            \n              Ernstberger\n              J.,\n             and\n\t\t\t\t\t\tStiebaleJ.\n          2011.\n\t\t\t\t\tThe impact of IFRS on firms' investment efficiency: European evidence on private and public firms.\n\t\t\t\t\tAvailable at: https:\/\/pages.business.illinois.edu\/zimmerman\/wp-content\/uploads\/sites\/56\/2015\/08\/027-Lenger_Ernstberger_Stiebale.pdf"},{"key":"2024082915271861300_i1558-7959-35-1-1-Li2","doi-asserted-by":"crossref","unstructured":"Li,\n              F.\n            \n          \n          2008.\n\t\t\t\t\tAnnual report readability, current earnings, and earnings persistence.\n\t\t\t\t\tJournal of Accounting and Economics45(2\u20133):\n\t\t\t\t\t221\u2013\n\t\t\t\t\t247.","DOI":"10.1016\/j.jacceco.2008.02.003"},{"key":"2024082915271861300_i1558-7959-35-1-1-Li1","doi-asserted-by":"crossref","unstructured":"Li,\n              S.,\n             and\n\t\t\t\t\t\tNwaezeE. T.\n          2015.\n\t\t\t\t\tThe association between extensions in XBRL disclosures and financial information environment.\n\t\t\t\t\tJournal of Information Systems29 (\n\t\t\t\t\t3):\n\t\t\t\t\t73\u2013\n\t\t\t\t\t99.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/isys-51005","DOI":"10.2308\/isys-51005"},{"key":"2024082915271861300_i1558-7959-35-1-1-Lim1","doi-asserted-by":"crossref","unstructured":"Lim,\n              C. Y.,\n            \n            \n              Thong\n              T. Y.,\n             and\n\t\t\t\t\t\tDingD. K.\n          2008.\n\t\t\t\t\tFirm diversification and earnings management: Evidence from seasoned equity offerings.\n\t\t\t\t\tReview of Quantitative Finance and Accounting30 (\n\t\t\t\t\t1):\n\t\t\t\t\t69\u2013\n\t\t\t\t\t92.\n\t\t\t\t\thttps:\/\/doi.org\/10.1007\/s11156-007-0043-x","DOI":"10.1007\/s11156-007-0043-x"},{"key":"2024082915271861300_i1558-7959-35-1-1-Liu1","doi-asserted-by":"crossref","unstructured":"Liu,\n              C.,\n            \n            \n              Wang\n              T.,\n             and\n\t\t\t\t\t\tYaoL. J.\n          2014.\n\t\t\t\t\tXBRL's impact on analyst forecast behavior: An empirical study.\n\t\t\t\t\tJournal of Accounting and Public Policy33 (\n\t\t\t\t\t1):\n\t\t\t\t\t69\u2013\n\t\t\t\t\t82.\n\t\t\t\t\thttps:\/\/doi.org\/10.1016\/j.jaccpubpol.2013.10.004","DOI":"10.1016\/j.jaccpubpol.2013.10.004"},{"key":"2024082915271861300_i1558-7959-35-1-1-Loughran1","doi-asserted-by":"crossref","unstructured":"Loughran,\n              T.,\n             and\n\t\t\t\t\t\tMcDonaldB.\n          2014.\n\t\t\t\t\tMeasuring readability in financial disclosures.\n\t\t\t\t\tThe Journal of Finance69 (\n\t\t\t\t\t4):\n\t\t\t\t\t1643\u2013\n\t\t\t\t\t1671.\n\t\t\t\t\thttps:\/\/doi.org\/10.1111\/jofi.12162","DOI":"10.1111\/jofi.12162"},{"key":"2024082915271861300_i1558-7959-35-1-1-McNichols1","doi-asserted-by":"crossref","unstructured":"McNichols,\n              M. F.,\n             and\n\t\t\t\t\t\tStubbenS. R.\n          2008.\n\t\t\t\t\tDoes earnings management affect firms' investment decisions?The Accounting Review83 (\n\t\t\t\t\t6):\n\t\t\t\t\t1571\u2013\n\t\t\t\t\t1603.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr.2008.83.6.1571","DOI":"10.2308\/accr.2008.83.6.1571"},{"key":"2024082915271861300_i1558-7959-35-1-1-Penman1","doi-asserted-by":"crossref","unstructured":"Penman,\n              S. H.,\n             and\n\t\t\t\t\t\tZhuJ. L.\n          2014.\n\t\t\t\t\tAccounting anomalies, risk, and return.\n\t\t\t\t\tThe Accounting Review89 (\n\t\t\t\t\t5):\n\t\t\t\t\t1835\u2013\n\t\t\t\t\t1866.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/accr-50799","DOI":"10.2308\/accr-50799"},{"key":"2024082915271861300_i1558-7959-35-1-1-Perdana1","doi-asserted-by":"crossref","unstructured":"Perdana,\n              A.,\n            \n            \n              Robb\n              A.,\n             and\n\t\t\t\t\t\tRohdeF.\n          2015.\n\t\t\t\t\tAn integrative review and synthesis of XBRL research in academic journals.\n\t\t\t\t\tJournal of Information Systems29 (\n\t\t\t\t\t1):\n\t\t\t\t\t115\u2013\n\t\t\t\t\t153.\n\t\t\t\t\thttps:\/\/doi.org\/10.2308\/isys-50884","DOI":"10.2308\/isys-50884"},{"key":"2024082915271861300_i1558-7959-35-1-1-Petersen1","doi-asserted-by":"crossref","unstructured":"Petersen,\n              M. A.\n            \n          \n          2009.\n\t\t\t\t\tEstimating standard errors in finance panel data sets: Comparing approaches.\n\t\t\t\t\tReview of Financial Studies22 (\n\t\t\t\t\t1):\n\t\t\t\t\t435\u2013\n\t\t\t\t\t480.\n\t\t\t\t\thttps:\/\/doi.org\/10.1093\/rfs\/hhn053","DOI":"10.1093\/rfs\/hhn053"},{"key":"2024082915271861300_i1558-7959-35-1-1-Richardson1","doi-asserted-by":"crossref","unstructured":"Richardson,\n              S.\n            \n          \n          2006.\n\t\t\t\t\tOver-investment of free cash flow.\n\t\t\t\t\tReview of Accounting Studies11 (\n\t\t\t\t\t2\/3):\n\t\t\t\t\t159\u2013\n\t\t\t\t\t189.\n\t\t\t\t\thttps:\/\/doi.org\/10.1007\/s11142-006-9012-1","DOI":"10.1007\/s11142-006-9012-1"},{"key":"2024082915271861300_i1558-7959-35-1-1-SecuritiesandExchangeCommissionSEC1","unstructured":"Securities and Exchange Commission (SEC).\n          2009.\n\t\t\t\t\tInteractive data to improve financial reporting.\n\t\t\t\t\tAvailable at: https:\/\/www.sec.gov\/rules\/final\/2009\/33-9002.pdf"},{"key":"2024082915271861300_i1558-7959-35-1-1-Srinidhi1","doi-asserted-by":"crossref","unstructured":"Srinidhi,\n              B. N.,\n             and\n\t\t\t\t\t\tGulF. A.\n          2007.\n\t\t\t\t\tThe differential effects of auditors' nonaudit and audit fees on accrual quality.\n\t\t\t\t\tContemporary Accounting Research24 (\n\t\t\t\t\t2):\n\t\t\t\t\t595\u2013\n\t\t\t\t\t629.\n\t\t\t\t\thttps:\/\/doi.org\/10.1506\/ARJ4-20P3-201K-3752","DOI":"10.1506\/ARJ4-20P3-201K-3752"},{"key":"2024082915271861300_i1558-7959-35-1-1-Stein1","doi-asserted-by":"crossref","unstructured":"Stein,\n              J. C.\n            \n          \n          2003.\n\t\t\t\t\tAgency, information and corporate investment.\n\t\t\t\t\tAvailable at: https:\/\/scholar.harvard.edu\/files\/stein\/files\/agency-2003.pdf","DOI":"10.1016\/S1574-0102(03)01006-9"},{"key":"2024082915271861300_i1558-7959-35-1-1-Zmijewski1","doi-asserted-by":"crossref","unstructured":"Zmijewski,\n              M. E.\n            \n          \n          1984.\n\t\t\t\t\tMethodological issues related to the estimation of financial distress prediction models.\n\t\t\t\t\tJournal of Accounting Research22:\n\t\t\t\t\t59\u2013\n\t\t\t\t\t82.\n\t\t\t\t\thttps:\/\/doi.org\/10.2307\/2490859","DOI":"10.2307\/2490859"}],"container-title":["Journal of Information Systems"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/publications.aaahq.org\/jis\/article-pdf\/35\/1\/1\/7611\/i1558-7959-35-1-1.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/publications.aaahq.org\/jis\/article-pdf\/35\/1\/1\/7611\/i1558-7959-35-1-1.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,8,29]],"date-time":"2024-08-29T16:57:34Z","timestamp":1724950654000},"score":1,"resource":{"primary":{"URL":"https:\/\/publications.aaahq.org\/jis\/article\/35\/1\/1\/955\/How-Does-Information-Processing-Efficiency-Relate"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2020,2,26]]},"references-count":61,"journal-issue":{"issue":"1","published-online":{"date-parts":[[2020,2,26]]},"published-print":{"date-parts":[[2021,3,1]]}},"URL":"https:\/\/doi.org\/10.2308\/isys-18-063","relation":{},"ISSN":["1558-7959","0888-7985"],"issn-type":[{"value":"1558-7959","type":"electronic"},{"value":"0888-7985","type":"print"}],"subject":[],"published":{"date-parts":[[2020,2,26]]}}}