The association between the mandatory adoption of XBRL and the performance of listed state-owned enterprises and non-state-owned enterprises in China

Information and Management

Volumn 51, Issue 3, 2014, Pages 336-346

  Wang, Tawei ^a   Wen, Ching Yao ^b   Seng, Jia Lang ^c  

^a UNIVERSITY OF HAWAII   (United States)

^b Yuanta Financial Holdings   (Taiwan)

^c NATIONAL CHENGCHI UNIVERSITY   (Taiwan)

Author keywords

Business information supply chain; eXtensible Business Reporting Language (XBRL); Institutional theory; State owned enterprise (SOE)

Indexed keywords

ADMINISTRATIVE DATA PROCESSING;

BETTER PERFORMANCE; BUSINESS INFORMATION; EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL); FINANCIAL REPORTING; INSTITUTIONAL FACTORS; INSTITUTIONAL THEORY; INTERNATIONAL BUSINESS; STATE-OWNED ENTERPRISE;

INDUSTRY;

EID: 84896956571     PISSN: 03787206     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.im.2014.02.006     Document Type: Article

References (83)

1. R. Adams, H. Almeida, and D. Ferreira Powerful CEOs and their impact on corporate performance Review of Financial Studies 18 4 2005 1403 1432 (Pubitemid 41539631)
2. R. Adams, H. Almeida, and D. Ferreira Understanding the relationship between founder-CEOs and firm performance Journal of Empirical Finance 16 1 2009 136 150
3. AICPA New fraud audit standard will help auditors uncover fraud; cornerstone of comprehensive anti-fraud program The CPA Letter 82 9a 2002 1
4. M. Alles, and M. Piechocki Will XBRL improve corporate governance? A framework for enhancing governance decision making using interactive data International Journal of Accounting Information Systems 13 2 2012 91 108
5. A.K. Apostolou, and K.A. Nanopoulos Interactive financial reporting using XBRL: an overview of the global markets and Europe International Journal of Disclosure and Governance 6 3 2009 262 272
6. A. Appari, M.E. Johnson, and D.L. Anthony The neo-institutional view of HIPAA compliance in home health Workshop on Information Security and Privacy (WISP) Phoenix, AZ 2009
7. R.L. Baker, W.E. Bealing Jr., D.A. Nelson, and A.B. Staley An institutional perspective of the Sarbanes-Oxley Act Managerial Auditing Journal 21 1 2006 23 33 (Pubitemid 44026685)
8. J.R. Barth, and G.R.L. Caprio Jr. Banking systems around the globe: Do regulation and ownership affect performance and stability?" NBER Conference Report Series Vol. 31-88 2001 University of Chicago Press Chicago and London
9. F. Bjorck Institutional theory: a new perspective for research into IS/IT security in organisations 37th Hawaii International Conference on System Sciences Big Island, Hawaii 2004
10. M. Boisot, and J. Child From fiefs to clans and network capitalism: Explaining China's emerging economic order Administrative Science Quarterly 41 4 1996 600 628
11. M. Boycko, A. Schleifer, and R.W. Vishny Privatizing Russia 1995 MIT Press Cambridge, MA
12. B.K. Boyd CEO duality and firm performance: a contingency model Strategic Management Journal 16 4 1995 301 312
13. R.A. Brealey, and S.C. Myers Principles of Corporate Finance 1991 McGraw-Hill New York
14. S.A. Brown, A.R. Dennis, and V. Venkatesh Predicting collaboration technology use: Integrating technology adoption and collaboration research Journal of Management Information Systems 27 2 2010 9 54
15. J. Bussey U.S. attacks China Inc The Wall Street Journal 3 February 2012
16. C. Chang, and S. Jarvenpaa Pace of information systems standards development and implementation: the case of XBRL Electronic Markets 15 4 2005 365 377
17. G. Chen, M. Firth, and L. Xu Does the type of ownership control matter? Evidence from China's listed companies Journal of Banking and Finance 33 1 2009 171 181
18. J. Child, and D.K. Tse China's transition and its implications for international business Journal of International Business Studies 32 1 2001 5 21 (Pubitemid 33585056)
19. J. Choi, D.L. Nazareth, and H.K. Jain Implementing service-oriented architecture in organizations Journal of Management Information Systems 26 4 2010 253 286
20. C. Cox Address to the 16th XBRL International Conference 2007 Retrieved from http://www.sec.gov/news/speech/2007/spch120307cc.htm (05.07.13)
21. C. Cox Videotaped Remarks at the 17th XBRL International Conference 2008 Retrieved from http://www.sec.gov/news/speech/2008/spch050708cc-2.htm (05.07.13)
22. L. Cui, and F. Jiang State ownership effect on firms' FDI ownership decisions under institutional pressure: a study of Chinese outward-investing firms." Journal of International Business Studies 43 2012 264 284
23. C. Davis China leads the XBRL revolution Accountancy Futures 2010 68 70
24. R. Debreceny, S. Farewell, M. Piechocki, C. Felden, and A. Gräning Does it add up? Early evidence on the data quality of XBRL filings to the SEC Journal of Accounting and Public Policy 29 3 2010 296 306
25. R.S. Debreceny, S.M. Farewell, M. Piechocki, C. Felden, A. Gräning, and A. d'Eri Flex or break? Extensions in XBRL disclosures to the SEC Accounting Horizons 25 4 2011 631 657
26. S. Dewan, and F. Ren Information technology and firm boundaries: impact on firm risk and return performance Information Systems Research 22 2 2011 369 388
27. K.L. Dewenter, and P.H. Malatesta Public offerings of state-owned and privately-owned enterprises: an international comparison Journal of Finance 52 1997 1659 1679 (Pubitemid 127342558)
28. P.J. DiMaggio, and W.W. Powell W.W. DiMaggio, P.J. Powell, Introduction. The New Institutionalism in Organizational Analysis 1991 University of Chicago Press Chicago
29. P.J. DiMaggio, and W.W. Powell The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields American Sociological Review 48 2 1983 147 160
30. F. Du, G. Tang, and S.M. Young Influence activities and favoritism in subjective performance evaluation: evidence from Chinese state-owned enterprises The Accounting Review 87 5 2012 1555 1588
31. E. Engel, R.M. Hayes, and X. Wang CEO turnover and properties of accounting information Journal of Accounting and Economics 36 1 2003 197 226 (Pubitemid 38161318)
32. G. George Slack resources and the performance of privately held firms The Academy of Management Journal 48 4 2005 661 676 (Pubitemid 41322615)
33. G.L. Gray, and D.W. Miller XBRL: solving real-world problems International Journal of Disclosure and Governance 6 3 2009 207 223
34. D.W. Greening, and B. Gray Testing a model of organizational response to social and political issues The Academy of Management Journal 37 3 1994 467 498
35. L.M. Hitt, D.J. Wu, and X. Zhou Investment in enterprise resource planning: Business impact and productivity measures Journal of Management Information Systems 19 1 2002 71 98 (Pubitemid 34699244)
36. Y.V. Hochberg, and L. Lindsey Incentives, targeting, and firm performance: an analysis of non-executive stock options Review of Financial Studies 23 11 2010 4148 4186
37. F.D. Hodge Hyperlinking unaudited information to audited financial statements: Effects on investor judgments The Accounting Review 76 4 2001 675 691 (Pubitemid 33385108)
38. F.D. Hodge, J.J. Kennedy, and L.A. Maines Does search-facilitating technology improve the transparency of financial reporting? The Accounting Review 79 3 2004 687 703 (Pubitemid 39051434)
39. R. Hoitash, A. Kogan, and M.A. Vasarhelyi Peer-based approach for analytical procedures Auditing: A Journal of Practice and Theory 25 2 2006 53 84
40. R.W. Holthausen, and D.F. Larcker The financial performance of reverse leveraged buyouts Journal of Financial Economics 42 3 1996 293 332 (Pubitemid 126164694)
41. R. Hu Governance of state-controlled listed companies in China: the current situation and policy suggestions Policy Dialogue on Corporate Governance in China Shanghai, China 2007
42. M. Hung, T.J. Wong, and T. Zhang Political considerations in the decision of Chinese SOEs to list in Hong Kong Journal of Accounting and Economics 53 2012 435 449
43. P.D. Jennings, and P.A. Zandbergen Ecologically sustainable organizations: an institutional approach Academy of Management Review 20 4 1995 1015 1052 (Pubitemid 126003242)
44. J.K. Kang, and A. Shivdasani Firm performance, corporate governance, and top executive turnover in Japan Journal of Financial Economics 38 1 1995 29 58
45. L.A. Keister Exchange structures in transition: lending and trade relations in Chinese business groups American Sociological Review 66 3 2001 336 360 (Pubitemid 32676004)
46. K. Kernan XBRL around the world Journal of Accountancy 206 4 2008 62 66
47. J.W. Kim, J.H. Kim, and W.G. No The effects of XBRL disclosures on information environment in the market: Early evidence 2011 AAA Annual Meeting Denver, CO 2011
48. A.H. Kirca, G.T.M. Hult, K. Roth, S.T. Cavusgil, M. Perry, M.B. Akdeniz, S. Deligonul, J.A. Mena, W.A. Pollitte, J.J. Hoppner, J.C. Miller, and R.C. White Firm specific assets, multinationality, and financial performance: a meta-analytic review and theoretical integration The Academy of Management Journal 54 1 2011 47 72
49. R. La Porta, F. Lopez-de-Silanes, and A.A. Shleifer Government ownership of banks Journal of Finance 57 2002 265 302
50. J. Lee State owned enterprises in China: Reviewing the evidence 2009 Retrieved from www.oecd.org/dataoecd/14/30/42095493.pdf (05.07.13)
51. S. Leung, and F. Hu Top management turnover, firm performance and government control: Evidence from China's listed state-owned enterprises The International Journal of Accounting 47 2 2012 235 262
52. S. Li, S. Li, and W. Zhang The road to capitalism: competition and institutional change in China Journal of Comparative Economics 28 2000 269 292
53. C. Liu, T. Wang, and L. Yao XBRL's impact on analyst forecast behavior: an empirical study Journal of Accounting and Public Policy 33 2014 69 82
54. Y. Luo Multinational Corporations in China 2000 Copenhagen Business School Press Copenhagen
55. M.L. McDonald, P. Khanna, and J.D. Westphal Getting them to think outside the circle: corporate governance, CEOs' external advice networks, and firm performance The Academy of Management Journal 51 3 2008 453 475
56. J.W. Meyer, and B. Rowan Institutionalized organizations: formal structure as myth and ceremony W.W. DiMaggio, P.J. Powell, The New Institutionalism in Organizational Analysis 1991 University of Chicago Press Chicago
57. R.R. Nelson, P.A. Todd, and B.H. Wixom Antecedents of information and system quality: an empirical examination within the context of data warehousing Journal of Management Information Systems 21 4 2005 199 235 (Pubitemid 40871309)
58. C. Oliver Strategic responses to institutional processes Academy of Management Review 16 1 1991 145 179
59. S.H. Park, S. Li, and D.K. Tse Market liberalization and firm performance during China's economic transition." Journal of International Business Studies 37 2006 127 147 (Pubitemid 43123977)
60. M.W. Peng Business Strategies in Transition Economies 2000 Sage Thousand Oaks, CA
61. M.W. Peng, and Y. Luo Managerial ties and firm performance in a transition economy: the nature of a micro-macro link Academy of Management Journal 43 3 2000 486 501
62. M.A. Petersen Estimating standard errors in finance panel data sets: comparing approaches Review of Financial Studies 22 1 2009 435 480
63. M. Piechocki, C. Felden, A. Gräning, and R. Debreceny Design and standardization of XBRL solutions for governance and transparency International Journal of Disclosure and Governance 6 2009 224 240
64. R. Pinsker, and S. Li Costs and benefits of XBRL adoption: Early evidence Communications of the ACM 51 3 2008 47 50 (Pubitemid 351357114)
65. Y. Qian, and B.R. Weingast China's transition to markets: Market-preserving federalism Chinese style Journal of Policy Reform 1 2 1996 149 185
66. R.W. Scott Institutions and Organizations 2001 Sage Publications Thousand Oaks, CA
67. P.A. Siegel, and D.C. Hambrick Pay disparities within top management groups: evidence of harmful effects on performance of high-technology firms Organization Science 16 3 2005 259 274 (Pubitemid 41018025)
68. J.Y. Son, and I. Benbasat Organizational buyers' adoption and use of B2B electronic marketplaces: efficiency-and legitimacy-oriented perspectives Journal of Management Information Systems 24 1 2007 55 99
69. Statement of Financial Accounting Concepts Objectives of Financial Reporting by Business Enterprises 1978 FASB Connecticut
70. Statement of Financial Accounting Concepts Qualitative Characteristics of Accounting Information 1980 FASB Connecticut
71. K.R. Subramanyam, and J. Wild Financial Statement Analysis 10th ed. 2009 McGraw-Hill New York, NY
72. Y. Sun Corruption and Market in Contemporary China 2004 Cornell University Press New York
73. A. Szamosszegi, and C. Kyle An Analysis of State-owned Enterprises and State Capitalism in China, Washington, DC 2011
74. J.J. Tan, and R.J. Litschert Environment-strategy relationship and its performance implications: an empirical study of the Chinese electronics industry Strategic Management Journal 15 1 1994 1 20
75. I. Troshani, and S. Rao Drivers and inhibitors to XBRL adoption: a qualitative approach to build a theory in under-researched areas International Journal of E-Business Research 3 4 2007 98 111
76. D.K. Tse, and C.M. Lau New Ownership Forms in Transitional Economies: Emergence Characteristics and Performance of China's Joint Stock Companies 1999 University of Hong Kong HK
77. C.S. Tuggle, D.G. Sirmon, C.R. Reutzel, and L. Bierman Commanding board of director attention: Investigating how organizational performance and CEO duality affect board members' attention to monitoring Strategic Management Journal 31 9 2010 946 968
78. Q. Wang, T.J. Wong, and L. Xia State ownership, the institutional environment, and auditor choice: evidence from China Journal of Accounting and Economics 46 2008 112 134
79. T. Whitehouse SEC calls for patience on realizing benefits of move to XBRL Compliance Week 2011
80. C.Y. Woo, G.E. Willard, and U.S. Daellenbach Spin-off performance: a case of overstated expectations? Strategic Management Journal 13 6 1992 433 447
81. W. Wu, C. Wu, C. Zhou, and J. Wu Political connections, tax benefits and firm performance: Evidence from China Journal of Accounting and Public Policy 31 3 2012 277 300
82. H. Yoon, H. Zo, and A.P. Ciganek Does XBRL adoption reduce information asymmetry? Journal of Business Research 64 2011 157 163
83. K. Zhu, K.L. Kraemer, and S. Xu The process of innovation assimilation by firms in different countries: a technology diffusion perspective on e-business Management Science 52 2006 1557 1576 (Pubitemid 44556061)