The impact of XBRL on information asymmetry:evidence from loan contracting

作     者：Dazhi Chong Hui Shi Liuliu(Luna)Fu Hao Ji Gongjun Yan 

作者机构：School of ManagementCalifornia Lutheran UniversityThousand OaksCAUSA Department of Management and Information SciencesUniversity of Southern IndianaEvansvilleINUSA Department of Information SystemsCalifornia State UniversityLos AngelesCAUSA Department of Computer ScienceCalifornia State Polytechnic UniversityPomonaCAUSA 

出 版 物：《Journal of Management Analytics》 (管理分析学报（英文）)

年 卷 期：2017年第4卷第2期

页      面：145-158页

学科分类：120201[管理学-会计学] 12[管理学] 1202[管理学-工商管理] 

主　　题：information asymmetry XBRL accounting information bank loan price 

摘      要：This paper examines whether and how the adoption of eXtensible Business Reporting Language(XBRL)reduces information asymmetry in loan *** hypothesize that the adoption of XBRL can enhance information dissemination and mitigate the information asymmetry problem between borrowers and *** a sample of 554 US bank loan contracts,we find that borrowers who adopt XBRL enjoy more favourable price and nonprice terms of bank loan *** analyses indicate that the relations among XBRL adoption and bank loan price vary with loan ***,this research provides evidence that technology advancements such as XBRL reduce cost of bank loans by decreasing information asymmetry between borrowers and lenders.