<![CDATA[This study aims to analyze the effect of implementing an extensible business reporting language (xbrl) based electronic financial reporting system on information asymmetry involving control variables of profitability, solvability, stock prices, and stock turnover. This study employs agency theory to predict the factors affecting the companies’ information asymmetry and involves the population of financial service companies listed on the Indonesia Stock Exchange (IDX) between 2019 and 2020. The samples include 98 companies incorporating 195 data selected through purposive sampling and analyzed by multiple regression utilizing the Statistical Product and Service Solution (SPSS) version 24 software. The results reveal that the extensible business reporting language (xbrl) based electronic financial reporting system implementation has no effect on the companies’ information asymmetry with a negative correlation direction. The control variables of solvency ratio with the proxy of debt to asset ratio (DAR), and stock prices have a negative effect on information asymmetry. The stock turnover does not prove to affect the information asymmetry for, instead of having a negative effect as predicted, it has a positive effect. The profitability with the proxy of return on assets (ROA) does not have a positive effect on company information asymmetry, contradicting the prediction of having a negative effect on information asymmetry]]>
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