{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,2,1]],"date-time":"2026-02-01T04:12:56Z","timestamp":1769919176558,"version":"3.49.0"},"reference-count":40,"publisher":"American Accounting Association","issue":"2","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2019,6,1]]},"abstract":"<jats:title>ABSTRACT<\/jats:title>\n               <jats:p>We investigate how XBRL adoption relates to the systematic file requests from EDGAR. We define systematic requests as requests for EDGAR filings using automated scripts and computer programs. Our results show that systematic requests for EDGAR filings increase significantly after the adoption of XBRL and that the increase is not driven by requests for financial statements in older, static formats (HTML or TXT). Cross-sectional analyses further suggest that the increase in systematic requests is more pronounced for firms with lower information accessibility and accounting comparability. Results from a difference-in-differences specification provide similar inferences. Overall, our findings are consistent with the view that XBRL facilitates bulk downloading and processing of company disclosures, suggesting greater information acquisition subsequent to enactment of the XBRL mandate.<\/jats:p>\n               <jats:p>JEL Classifications:\u2002M41; M48; K22.<\/jats:p>","DOI":"10.2308\/isys-52140","type":"journal-article","created":{"date-parts":[[2018,5,11]],"date-time":"2018-05-11T19:04:53Z","timestamp":1526065493000},"page":"23-43","source":"Crossref","is-referenced-by-count":18,"title":["XBRL Adoption and Systematic Information Acquisition via EDGAR"],"prefix":"10.2308","volume":"33","author":[{"ORCID":"https:\/\/orcid.org\/0000-0003-3057-9335","authenticated-orcid":true,"given":"Gary","family":"Chen","sequence":"first","affiliation":[{"name":"University of Illinois at Chicago"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-5267-4125","authenticated-orcid":true,"given":"Jie","family":"Zhou","sequence":"additional","affiliation":[{"name":"California State University, Fullerton"}]}],"member":"1112","published-online":{"date-parts":[[2018,5,1]]},"reference":[{"issue":"2","key":"2024082915350428200_i1558-7959-33-2-23-Alles1","doi-asserted-by":"crossref","first-page":"83","DOI":"10.1016\/j.accinf.2012.03.006","article-title":"The evolution and future of XBRL research","volume":"13","author":"Alles","year":"2012","journal-title":"International Journal of Accounting Information Systems"},{"issue":"2","key":"2024082915350428200_i1558-7959-33-2-23-Alles2","doi-asserted-by":"crossref","first-page":"91","DOI":"10.1016\/j.accinf.2010.09.008","article-title":"Will XBRL improve corporate governance? A framework for enhancing governance decision making using interactive data","volume":"13","author":"Alles","year":"2012","journal-title":"International Journal of Accounting Information Systems"},{"key":"2024082915350428200_i1558-7959-33-2-23-Bauguess1","doi-asserted-by":"crossref","unstructured":"Bauguess, S.W., J.Cooney, and K. W.Hanley. \n          2013. Investor Demand for Information in Newly Issued Securities. Working paper, University of Maryland.","DOI":"10.2139\/ssrn.2379056"},{"issue":"4","key":"2024082915350428200_i1558-7959-33-2-23-Blankespoor1","doi-asserted-by":"crossref","first-page":"1468","DOI":"10.1007\/s11142-013-9273-4","article-title":"Initial evidence on the market impact of the XBRL mandate","volume":"19","author":"Blankespoor","year":"2014","journal-title":"Review of Accounting Studies"},{"key":"2024082915350428200_i1558-7959-33-2-23-Bushee1","doi-asserted-by":"crossref","first-page":"171","DOI":"10.2307\/2672914","article-title":"Corporate disclosure practices, institutional investors, and stock return volatility","volume":"38","author":"Bushee","year":"2000","journal-title":"Journal of Accounting Research"},{"issue":"1","key":"2024082915350428200_i1558-7959-33-2-23-Bushee2","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/j.1475-679X.2009.00357.x","article-title":"The role of the business press as an information intermediary","volume":"48","author":"Bushee","year":"2010","journal-title":"Journal of Accounting Research"},{"issue":"November 13","key":"2024082915350428200_i1558-7959-33-2-23-Chasan1","article-title":"Companies grow weary of XBRL","author":"Chasan","year":"2012","journal-title":"Wall Street Journal"},{"issue":"January 22","key":"2024082915350428200_i1558-7959-33-2-23-Chasan2","article-title":"Costly data goes untapped","author":"Chasan","year":"2013","journal-title":"Wall Street Journal"},{"issue":"3","key":"2024082915350428200_i1558-7959-33-2-23-Chen1","doi-asserted-by":"crossref","first-page":"1","DOI":"10.2308\/isys-51814","article-title":"What do the markets say? Shareholder wealth effects of the XBRL mandate","volume":"32","author":"Chen","year":"2018","journal-title":"Journal of Information Systems"},{"issue":"2","key":"2024082915350428200_i1558-7959-33-2-23-Chen2","doi-asserted-by":"crossref","first-page":"47","DOI":"10.2308\/isys-51688","article-title":"XBRL adoption and bank loan contracting: Early evidence","volume":"32","author":"Chen","year":"2018","journal-title":"Journal of Information Systems"},{"key":"2024082915350428200_i1558-7959-33-2-23-Chi1","doi-asserted-by":"crossref","unstructured":"Chi, S., and D.Shanthikumar. \n          2014. The Geographic Dispersion of Google Search and the Market Reaction to Earnings Announcements. Working paper, University of California, Irvine.","DOI":"10.2139\/ssrn.2324391"},{"key":"2024082915350428200_i1558-7959-33-2-23-Cox1","unstructured":"Cox, C.\n          \n          2006. The Interactive Data Revolution: Improved Disclosure. Speech given at the American Enterprise Institute, Washington, DC, May 30."},{"issue":"5","key":"2024082915350428200_i1558-7959-33-2-23-Da1","doi-asserted-by":"crossref","first-page":"1461","DOI":"10.1111\/j.1540-6261.2011.01679.x","article-title":"In search of attention","volume":"66","author":"Da","year":"2011","journal-title":"The Journal of Finance"},{"issue":"3","key":"2024082915350428200_i1558-7959-33-2-23-Debreceny1","doi-asserted-by":"crossref","first-page":"296","DOI":"10.1016\/j.jaccpubpol.2010.04.001","article-title":"Does it add up? Early evidence on the data quality of XBRL filings to the SEC","volume":"29","author":"Debreceny","year":"2010","journal-title":"Journal of Accounting and Public Policy"},{"issue":"4","key":"2024082915350428200_i1558-7959-33-2-23-Debreceny2","doi-asserted-by":"crossref","first-page":"631","DOI":"10.2308\/acch-50068","article-title":"Flex or break? Extensions in XBRL disclosures to the SEC","volume":"25","author":"Debreceny","year":"2011","journal-title":"Accounting Horizons"},{"issue":"4","key":"2024082915350428200_i1558-7959-33-2-23-DeFranco1","doi-asserted-by":"crossref","first-page":"895","DOI":"10.1111\/j.1475-679X.2011.00415.x","article-title":"The benefits of financial statement comparability","volume":"49","author":"De Franco","year":"2011","journal-title":"Journal of Accounting Research"},{"issue":"3","key":"2024082915350428200_i1558-7959-33-2-23-Diamond1","doi-asserted-by":"crossref","first-page":"221","DOI":"10.1016\/0304-405X(81)90026-X","article-title":"Information aggregation in a noisy rational expectations economy","volume":"9","author":"Diamond","year":"1981","journal-title":"Journal of Financial Economics"},{"issue":"2","key":"2024082915350428200_i1558-7959-33-2-23-Dong1","doi-asserted-by":"crossref","first-page":"435","DOI":"10.1017\/S0022109016000235","article-title":"Does information procession cost affect firm-specific information acquisition? Evidence from XBRL adoption","volume":"51","author":"Dong","year":"2016","journal-title":"Journal of Financial and Quantitative Analysis"},{"issue":"4","key":"2024082915350428200_i1558-7959-33-2-23-Drake1","doi-asserted-by":"crossref","first-page":"1001","DOI":"10.1111\/j.1475-679X.2012.00443.x","article-title":"Investor information demand: Evidence from Google searches around earnings announcements","volume":"50","author":"Drake","year":"2012","journal-title":"Journal of Accounting Research"},{"issue":"3","key":"2024082915350428200_i1558-7959-33-2-23-Drake2","doi-asserted-by":"crossref","first-page":"1128","DOI":"10.1111\/1911-3846.12119","article-title":"The determinants and consequences of information acquisition via EDGAR","volume":"32","author":"Drake","year":"2015","journal-title":"Contemporary Accounting Research"},{"issue":"6","key":"2024082915350428200_i1558-7959-33-2-23-Efendi1","doi-asserted-by":"crossref","first-page":"1099","DOI":"10.1016\/j.jbusres.2013.05.051","article-title":"Do XBRL filings enhance informational efficiency? Early evidence from post-earnings announcement drift","volume":"67","author":"Efendi","year":"2014","journal-title":"Journal of Business Research"},{"key":"2024082915350428200_i1558-7959-33-2-23-Flannery1","unstructured":"Flannery, M.\n          \n          2014. The Commission's Production and Use of Structured Data. Available at: https:\/\/www.sec.gov\/News\/Speech\/Detail\/Speech\/1370543071869#.VKxpsqZkri8"},{"issue":"2","key":"2024082915350428200_i1558-7959-33-2-23-Gow1","doi-asserted-by":"crossref","first-page":"483","DOI":"10.2308\/accr.2010.85.2.483","article-title":"Correcting for cross-sectional and time-series dependence in accounting research","volume":"85","author":"Gow","year":"2010","journal-title":"The Accounting Review"},{"issue":"3","key":"2024082915350428200_i1558-7959-33-2-23-Gray1","doi-asserted-by":"crossref","first-page":"207","DOI":"10.1057\/jdg.2009.8","article-title":"XBRL: Solving real world problems","volume":"6","author":"Gray","year":"2009","journal-title":"International Journal of Disclosure and Governance"},{"key":"2024082915350428200_i1558-7959-33-2-23-Grossman1","first-page":"393","article-title":"On the impossibility of informationally efficient markets","volume":"70","author":"Grossman","year":"1980","journal-title":"The American Economic Review"},{"key":"2024082915350428200_i1558-7959-33-2-23-Harris1","unstructured":"Harris, T. S., and S.Morsfield. \n          2012. An Evaluation of the Current State and Future of XBRL and Interactive Data for Investors and Analysts. White paper No. 3, Columbia University."},{"issue":"1\/3","key":"2024082915350428200_i1558-7959-33-2-23-Hirshleifer1","doi-asserted-by":"crossref","first-page":"337","DOI":"10.1016\/j.jacceco.2003.10.002","article-title":"Limited attention, information disclosure, and financial reporting","volume":"36","author":"Hirshleifer","year":"2003","journal-title":"Journal of Accounting & Economics"},{"issue":"2","key":"2024082915350428200_i1558-7959-33-2-23-Janvrin1","doi-asserted-by":"crossref","first-page":"35","DOI":"10.2308\/isys-50569","article-title":"XBRL-enabled, spreadsheet, or PDF? Factors influencing exclusive user choice of reporting technology","volume":"27","author":"Janvrin","year":"2013","journal-title":"Journal of Information Systems"},{"issue":"1","key":"2024082915350428200_i1558-7959-33-2-23-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 information environment","volume":"26","author":"Kim","year":"2012","journal-title":"Journal of Information Systems"},{"issue":"3","key":"2024082915350428200_i1558-7959-33-2-23-Kohlbeck1","doi-asserted-by":"crossref","first-page":"563","DOI":"10.2308\/acch-50165","article-title":"Financial market regulation and opportunities for accounting research","volume":"26","author":"Kohlbeck","year":"2012","journal-title":"Accounting Horizons"},{"issue":"4","key":"2024082915350428200_i1558-7959-33-2-23-Lang1","first-page":"467","article-title":"Corporate disclosure policy and analyst behavior","volume":"71","author":"Lang","year":"1996","journal-title":"The Accounting Review"},{"issue":"2","key":"2024082915350428200_i1558-7959-33-2-23-Lee1","doi-asserted-by":"crossref","first-page":"410","DOI":"10.1016\/j.jfineco.2015.02.003","article-title":"Search-based peer firms: Aggregating investor perceptions through internet co-searches","volume":"116","author":"Lee","year":"2015","journal-title":"Journal of Financial Economics"},{"key":"2024082915350428200_i1558-7959-33-2-23-Leuz1","doi-asserted-by":"crossref","first-page":"91","DOI":"10.2307\/2672910","article-title":"The economic consequences of increased disclosure","volume":"38","author":"Leuz","year":"2000","journal-title":"Journal of Accounting Research"},{"key":"2024082915350428200_i1558-7959-33-2-23-Loughran1","unstructured":"Loughran, T., and B.McDonald. \n          2014. Information Decay and Financial Disclosures. Working paper, University of Notre Dame."},{"issue":"1","key":"2024082915350428200_i1558-7959-33-2-23-Petersen1","doi-asserted-by":"crossref","first-page":"435","DOI":"10.1093\/rfs\/hhn053","article-title":"Estimating standard errors in finance panel data sets: Comparing approaches","volume":"22","author":"Petersen","year":"2009","journal-title":"Review of Financial Studies"},{"issue":"3","key":"2024082915350428200_i1558-7959-33-2-23-Pinsker1","doi-asserted-by":"crossref","first-page":"47","DOI":"10.1145\/1325555.1325565","article-title":"Costs and benefits of XBRL adoption: Early evidence","volume":"51","author":"Pinsker","year":"2008","journal-title":"Communications of the ACM"},{"key":"2024082915350428200_i1558-7959-33-2-23-Rosiak1","unstructured":"Rosiak, L.\n          \n          2014. Parse XBRL filings from the SEC's EDGAR in Python. Available at: https:\/\/github.com\/lukerosiak\/pysec"},{"key":"2024082915350428200_i1558-7959-33-2-23-SecuritiesandExchangeCommissionSEC1","unstructured":"Securities and Exchange Commission (SEC). 2008. SEC Announces Successor to EDGAR Database: \u201cIDEA\u201d Will Make Company and Fund Information Interactive. Available at: https:\/\/www.sec.gov\/news\/press\/2008\/2008-179.htm"},{"key":"2024082915350428200_i1558-7959-33-2-23-SecuritiesandExchangeCommissionSEC2","unstructured":"Securities and Exchange Commission (SEC). 2009. Interactive Data to Improve Financial Reporting. Final Rule. Available at: https:\/\/www.sec.gov\/rules\/final\/2009\/33-9002.pdf"},{"key":"2024082915350428200_i1558-7959-33-2-23-Trainer1","unstructured":"Trainer, D.\n          \n          2013. XBRL Would Be Wonderful If It Always Worked. Available at: https:\/\/www.forbes.com\/sites\/greatspeculations\/2013\/11\/07\/xbrl-would-be-wonderful-if-it-always-worked\/#4f83c80f5bf5"}],"container-title":["Journal of Information Systems"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/publications.aaahq.org\/jis\/article-pdf\/33\/2\/23\/10512\/isys-52140.pdf","content-type":"application\/pdf","content-version":"vor","intended-application":"syndication"},{"URL":"https:\/\/publications.aaahq.org\/jis\/article-pdf\/33\/2\/23\/10512\/isys-52140.pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2024,8,29]],"date-time":"2024-08-29T17:19:26Z","timestamp":1724951966000},"score":1,"resource":{"primary":{"URL":"https:\/\/publications.aaahq.org\/jis\/article\/33\/2\/23\/1375\/XBRL-Adoption-and-Systematic-Information"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2018,5,1]]},"references-count":40,"journal-issue":{"issue":"2","published-online":{"date-parts":[[2018,5,1]]},"published-print":{"date-parts":[[2019,6,1]]}},"URL":"https:\/\/doi.org\/10.2308\/isys-52140","relation":{},"ISSN":["0888-7985","1558-7959"],"issn-type":[{"value":"0888-7985","type":"print"},{"value":"1558-7959","type":"electronic"}],"subject":[],"published":{"date-parts":[[2018,5,1]]}}}