{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,1,20]],"date-time":"2026-01-20T08:51:48Z","timestamp":1768899108584,"version":"3.49.0"},"reference-count":47,"publisher":"American Accounting Association","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2014,12,1]]},"abstract":"<jats:title>ABSTRACT<\/jats:title>\n               <jats:p>This paper investigates the association between the mandatory adoption of the eXtensible Business Reporting Language (XBRL) in China and foreign institutional investors' interest. Based on a sample from the Shanghai Stock Exchange and the Shenzhen Stock Exchange in the period from 2004 to 2009, our results demonstrate that the adoption of XBRL is positively related to foreign institutional investors' holdings. In addition, although state-owned enterprises (SOEs), compared to non-SOEs, have fewer foreign institutional investors' holdings in our sample period, the adoption of XBRL reduces such differences for non-tradable shares. As China is one of the world's largest and growing economic entities and an early adopter of XBRL, our findings shed light on the role played by XBRL as a global standard and how it facilitates business information exchange around the world.<\/jats:p>","DOI":"10.2308\/isys-50789","type":"journal-article","created":{"date-parts":[[2014,4,25]],"date-time":"2014-04-25T19:04:34Z","timestamp":1398452674000},"page":"127-147","source":"Crossref","is-referenced-by-count":14,"title":["Mandatory Adoption of XBRL and Foreign Institutional Investors' Holdings: Evidence from China"],"prefix":"10.2308","volume":"28","author":[{"given":"Tawei","family":"Wang","sequence":"first","affiliation":[{"name":"University of Hawaii at Manoa"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Jia-Lang","family":"Seng","sequence":"additional","affiliation":[{"name":"National Chengchi University"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"1112","published-online":{"date-parts":[[2014,4,1]]},"reference":[{"issue":"12","key":"2024082915384137000_i1558-7959-28-2-127-Aggarwal1","doi-asserted-by":"crossref","first-page":"2919","DOI":"10.1016\/j.jbankfin.2004.09.008","article-title":"Portfolio preferences of foreign institutional investors","volume":"29","author":"Aggarwal","year":"2005","journal-title":"Journal of Banking and Finance"},{"issue":"2","key":"2024082915384137000_i1558-7959-28-2-127-Bartley1","doi-asserted-by":"crossref","first-page":"227","DOI":"10.2308\/acch-10028","article-title":"A comparison of XBRL filings to corporate 10-Ks: Evidence from the voluntary filing program","volume":"25","author":"Bartley","year":"2011","journal-title":"Accounting Horizons"},{"key":"2024082915384137000_i1558-7959-28-2-127-Blankespoor1","article-title":".","author":"Blankespoor","year":"2012","journal-title":"Initial Evidence on the Market Impact of the XBRL Mandate"},{"issue":"2","key":"2024082915384137000_i1558-7959-28-2-127-Boritz1","doi-asserted-by":"crossref","first-page":"A36","DOI":"10.2308\/ciia.2008.2.2.A36","article-title":"The SEC's XBRL voluntary filing program on EDGAR: A case for quality assurance","volume":"2","author":"Boritz","year":"2008","journal-title":"Current Issues in Auditing"},{"issue":"February 3","key":"2024082915384137000_i1558-7959-28-2-127-Bussey1","article-title":"U.S. attacks China Inc","author":"Bussey","year":"2012","journal-title":"Wall Street Journal"},{"issue":"5","key":"2024082915384137000_i1558-7959-28-2-127-Chen1","doi-asserted-by":"crossref","first-page":"1521","DOI":"10.19026\/rjaset.5.4898","article-title":"Analysis on the impact of XBRL in China's capital market using methods of empirical research","volume":"5","author":"Chen","year":"2013","journal-title":"Research Journal of Applied Sciences, Engineering & Technology"},{"key":"2024082915384137000_i1558-7959-28-2-127-Chou1","unstructured":"Chou, C. Y. \n          \n          2008. Traditional China and Innovative XBRL. Keynote speech delivered at the 17th XBRL International Conference,Eindhoven, The Netherlands,May."},{"key":"2024082915384137000_i1558-7959-28-2-127-Cui1","doi-asserted-by":"crossref","first-page":"264","DOI":"10.1057\/jibs.2012.1","article-title":"State ownership effect on firms' FDI ownership decisions under institutional pressure: A study of Chinese outward-investing firms","volume":"43","author":"Cui","year":"2012","journal-title":"Journal of International Business Studies"},{"issue":"3","key":"2024082915384137000_i1558-7959-28-2-127-Dahlquist1","doi-asserted-by":"crossref","first-page":"413","DOI":"10.1016\/S0304-405X(00)00092-1","article-title":"Direct foreign ownership, institutional investors, and firm characteristics","volume":"59","author":"Dahlquist","year":"2001","journal-title":"Journal of Financial Economics"},{"key":"2024082915384137000_i1558-7959-28-2-127-Davis1","first-page":"68","article-title":"China leads the XBRL revolution","volume":"1","author":"Davis","year":"2010","journal-title":"Accountancy Futures"},{"issue":"4","key":"2024082915384137000_i1558-7959-28-2-127-Debreceny1","doi-asserted-by":"crossref","first-page":"631","DOI":"10.2308\/acch-50068","article-title":"Flex or break? 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An analysis of foreign portfolio equity ownership in Japan","volume":"46","author":"Kang","year":"1997","journal-title":"Journal of Financial Economics"},{"issue":"4","key":"2024082915384137000_i1558-7959-28-2-127-Kernan1","first-page":"62","article-title":"XBRL around the world","volume":"206","author":"Kernan","year":"2008","journal-title":"Journal of Accountancy"},{"issue":"1","key":"2024082915384137000_i1558-7959-28-2-127-Kim1","doi-asserted-by":"crossref","first-page":"127","DOI":"10.2308\/isys-10260","article-title":"The effect of first-wave mandatory XBRL reporting across the financial reporting environment","volume":"26","author":"Kim","year":"2012","journal-title":"Journal of Information Systems"},{"key":"2024082915384137000_i1558-7959-28-2-127-Lee1","unstructured":"Lee, J. \n          \n          2009. State Owned Enterprises in China: Reviewing The Evidence. 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Kyle. \n          2011. An Analysis of State-Owned Enterprises and State Capitalism in China. Available at: http:\/\/origin.www.uscc.gov\/sites\/default\/files\/Research\/10_26_11_CapitalTradeSOEStudy.pdf"},{"issue":"4","key":"2024082915384137000_i1558-7959-28-2-127-Troshani1","doi-asserted-by":"crossref","first-page":"98","DOI":"10.4018\/jebr.2007100106","article-title":"Drivers and inhibitors to XBRL adoption: A qualitative approach to build a theory in under-researched areas","volume":"3","author":"Troshani","year":"2007","journal-title":"International Journal of E-Business Research"},{"key":"2024082915384137000_i1558-7959-28-2-127-Wang1","unstructured":"Wang, J. \n          \n          2010. Sing the Touching Melody of XBRL to Spread the Golden Wings of Accounting Management. Deputy Director of the Ministry of Finance of the People's Republic of China in a keynote speech delivered at the 21st XBRL International Conference. 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Varshney, and C. Cornett. \n          2008. XBRL: Coming Soon to a Computer Near You. 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