Journal of Research in Business, Economics, and Education
Vol. 3 No. 3 (2021): June

Financial and corporate governance of XBRL adopters in Indonesia

Kersna Minan (Universitas Harapan Medan)
Mochammad Fahlevi (Bina Nusantara University)



Article Info

Publish Date
30 Jun 2021

Abstract

Extensible Business Reporting Language (XBRL) is an XML language-based business reporting software standard that is used to manage a company's financial data based on international financial standards. XBRL is used to ensure the accessibility of business information and transparency by using a uniform format and is usually used by business intelligence departments. The financial statements of a company are the main source of company information. Because with financial reports, all stakeholders of a company can have an overview of the business journey of a company. XBRL will increase transparency and will further improve corporate governance. Disclosure with XBRL will be able to show the profile of the company's corporate governance (Tohang et al., 2020). XBRL will also play a role in the decision-making process. XBRL will increase transparency and will further improve corporate governance. The adoption of XBRL in corporate financial reporting will increase transparency and quality of information. This standardized XBRL format makes it easy to use information across different platforms and applications so that information will be more transparent. The quality of information increases because of the ability to search by users who are getting faster and more precise.

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Journal Info

Abbrev

jrbee

Publisher

Subject

Economics, Econometrics & Finance

Description

JRBEE: Journal of Research in Business, Economics, and Education is aimed at being a medium for research results dissemination and scientific paper exchanges on the Indonesian economy and business among academics, practitioners, regulators, and public. JRBEE: Journal of Research in Business, ...