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Factors Influencing Knowledge and Persuasion of Financial Regulators in the XBRL Adoption Process: The Technological Perspective

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  • Azleen Ilias
  • Erlane K Ghani
  • Zubir Azhar

Abstract

This study examined the factors influencing XBRL adoption process among the Malaysian regulators in the financial reporting environment. Specifically, this study aims to examine the drivers and challenges in the knowledge and persuasion phase faced by the Malasyain regulators in their adoption process of XBRL. This study relied on two frameworks namely, the adoption process framework with specific focus on knowledge and persuasion, and the TOE framework focusing on technological context. Using a qualitative approach, this study found that within the technological context, relative advantage and trialability were the drivers in the knowledge and persuasion phase. This study also found that the regulators were aware of XBRL and had made efforts to understand the XBRL taxonomy. However, the regulators were needed to develop the internal capability of their organisations since different regulators have shown different factors during the knowledge and acquisition phase that is necessary for XBRL adoption. The findings in this study serve as guidelines to other regulators in Malaysia and other countries that have plans to adopt XBRL.

Suggested Citation

  • Azleen Ilias & Erlane K Ghani & Zubir Azhar, 2019. "Factors Influencing Knowledge and Persuasion of Financial Regulators in the XBRL Adoption Process: The Technological Perspective," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 10(3), pages 170-180, May.
    • Handle: RePEc:jfr:ijfr11:v:10:y:2019:i:3:p:170-180
    DOI: 10.5430/ijfr.v10n3p170
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    References listed on IDEAS

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    6. Idowu Abiola & Awoyemi Samuel Olausi, 2014. "The Impact of Credit Risk Management on the Commercial Banks Performance in Nigeria," International Journal of Management and Sustainability, Conscientia Beam, vol. 3(5), pages 295-306.
    7. Clainos Chidoko & Nhamo Mashavira, 2014. "An Analysis of Corporate Governance in the Banking Sector of Zimbabwe," Humanities and Social Sciences Letters, Conscientia Beam, vol. 2(3), pages 174-180.
    8. Charles Adusei, 2018. "Determinants of Non-Performing Loans in the Banking Sector of Ghana Between 1998 and 2013," Asian Development Policy Review, Asian Economic and Social Society, vol. 6(3), pages 142-154.
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