A Decade of XBRL Research in Accounting in Indonesia: A Literature Study

Arfah Habib Saragih

Abstract


XBRL research in Indonesia has only begun to show its existence after a decade of the presence of this technology, which is around 2010. This phenomenon in Indonesia has motivated researchers to look at the history of the development of XBRL research as a subarea of accounting in Indonesia in bibliographic form over a period of one decade. Researchers are trying to describe the development of XBRL research in Indonesia and review the possible potential for XBRL research in Indonesia in the future. XBRL research topics in Indonesia are divided into four areas, namely its influence on business, adoption, technology development, and XBRL education. Based on the results of the review, XBRL research in Indonesia is still limited in using empirical research with quantitative methods. This study could be a relevant illustration of how the adoption of XBRL technology in developing countries such as Indonesia. This comprehensive literature review could enrich the knowledge thus inspiring other countries which may be at the same stage as Indonesia in adopting this technology in the business environment.


Keywords


eXtensible Business Reporting Language; XBRL; Indonesia

Full Text:

PDF

References


Ali, S. (2020). Revolusi Industri 4.0 dan Dampaknya terhadap Pendidikan Akuntansi di Indonesia. Yogyakarta: Badan Penerbit Fakultas Ekonomi.

Alles, M., & Debreceny, R. (2012). The evolution and future of XBRL research. International Journal of Accounting Information Systems, 13(2), 83–90. https://doi.org/10.1016/j.accinf.2012.03.006

Arnold, V., Bedard, J. C., Phillips, J. R., & Sutton, S. G. (2012). The impact of tagging qualitative financial information on investor decision making: Implications for XBRL. International Journal of Accounting Information Systems, 13(1), 2–20. https://doi.org/10.1016/j.accinf.2011.12.002

Baldwin, A. A., Brown, C. E., & Trinkle, B. S. (2006). XBRL: An Impacts Framework and Research Challenge. Journal of Emerging Technologies in Accounting, 3(1), 97–116. https://doi.org/https://doi.org/10.2308/jeta.2006.3.1.97

Bergman, M. M. (2007). Media Review: Foundations of Multimethod Research: Synthesizing Styles (2nd ed). Journal of Mixed Methods Research, 1(1), 101–103. https://doi.org/10.1177/2345678906291429

Bonson. (2001). The Role of XBRL in Europe. The International Journal of Digital Accounting Research, 1(2), 101–110. https://doi.org/10.4192/1577-8517-v1_5

Bonsón, E., Cortijo, V., & Escobar, T. (2009). Towards the global adoption of XBRL using International Financial Reporting Standards (IFRS). International Journal of Accounting Information Systems, 10(1), 46–60. https://doi.org/10.1016/j.accinf.2008.10.002

Debreceny, R., & Farewell, S. (2010). XBRL in the accounting curriculum. Issues in Accounting Education, 25(3), 379–403. https://doi.org/10.2308/iace.2010.25.3.379

Dharmawati, R., & Harahap, S. N. (2018). Pengaruh pengadopsian XBRL terhadap asimetri informasi dengan pemoderasi corporate governance. (Undergraduate Thesis, Universitas Indonesia).

Doolin, B., & Troshani, I. (2004). XBRL: A RESEARCH NOTE. QRAM, 1(2), 93–104.

Hevner, A. R., March, S. T., Park, J., & Ram, S. (2004). Two Paradigms on Research Essay Design Science in Information Systems Research. MIS Quarterly, 28(1), 75–79.

Hoitash, R., Hoitash, U., & Morris, L. (2020). eXtensible Business Reporting Language: A Review and Direction for Future Research. XBRL Research.

Janvrin, D. J., & No, W. G. (2012). XBRL implementation: A field investigation to identify research opportunities. Journal of Information Systems, 26(1), 169–197. https://doi.org/10.2308/isys-10252

Jayani, E., Winata, J. A., & Harahap, K. (2020). The XBRL Technology and Market Efficiency in Banking Companies Listed on the Indonesia Stock Exchange (IDX). 4(1), 2012–2017.

Junus, O., & Irwanto, A. (2021). Stock Reaction to the Implementation of Extensible Business Reporting Language. Journal of Asian Finance, Economics, and Business, 8(1), 675–685. https://doi.org/10.13106/jafeb.2021.vol8.no1.675

La Torre, M., Valentinetti, D., Dumay, J., & Rea, M. A. (2018). Improving corporate disclosure through XBRL: An evidence-based taxonomy structure for integrated reporting. Journal of Intellectual Capital, 19(2), 338–366. https://doi.org/10.1108/JIC-03-2016-0030

Lusiana, S., & Tohang, V. (2020). Digitalization of Financial Reporting Through XBRL and the Cost of Equity in Indonesian Listed Firms. (Undergraduate Thesis, Bina Nusantara University).

Mahardika, S. A., & Harahap, S. N. (2018). Analisis Pengaruh Adopsi Xbrl Terhadap Asimetri Informasi Dengan Corporate Governance Sebagai Pemoderasi. Jurnal Akuntansi Dan Keuangan Indonesia, 15(2), 217–236. Retrieved from http://jaki.ui.ac.id/index.php/home/article/view/1637/pdf_12

Maulana, I. R., & Almilla, L. S. (2018). Factors Affecting the Internet Financial Reporting (IFR) in Banking Sector Companies Listed on the Indonesia Stock Exchange (IDX). The Indonesian Accounting Review, 8(2), 219. https://doi.org/10.14414/tiar.v8i2.1539

Mayapada, A. G., Afdhal, M., & Syafitri, R. (2020). Earnings Management in the Pre and Post eXtensible Business Reporting Language Period in Indonesia. The Indonesian Journal of Accounting Research, 23(01), 29–48. https://doi.org/10.33312/ijar.459

Mindzak, J. (2009). Literature Review of Internet Financial Reporting and XBRL.

Muchlis, F., Primadyan, M., R. Shauki, E., & Diyanty, V. (2019). xamining XBRL Early Adopters: A Study of Determinants and Value Relevance. 89(Apbec 2018), 267–274. https://doi.org/10.2991/apbec-18.2019.35

Neuman, W. L. (2014). Social Research Methods: Qualitative and Quantitative Approaches. In Pearson Education Limited (Seventh Ed). Pearson Education Limited.

Palvia, P., Pinjani, P., & Sibley, E. H. (2007). A profile of information systems research published in Information & Management. Information and Management, 44(1), 1–11. https://doi.org/10.1016/j.im.2006.10.002

Pamungkas, Y. A., & Kristanto, A. B. (2019). Dampak Implementasi XBRL terhadap Risiko Informasi. Kompartemen: Jurnal Ilmiah Akuntansi, XVII(1), 48–60. Retrieved from http://jurnalnasional.ump.ac.id/index.php/kompartemen/

Pawestri, A. B., & Ali, S. (2019). Analisis Faktor-Faktor yang Memengaruhi Self-Efficacy Auditor Eksternal di Indonesia terhadap XBRL. (Undergraduate Thesis, Universitas Gadjah Mada).

Perdana, A., Robb, A., & Rohde, F. (2015). An integrative review and synthesis of XBRL research in academic journals. Journal of Information Systems, 29(1), 115–153. https://doi.org/10.2308/isys-50884

Pinsker, R., & Wheeler, P. (2009). Non-professional investors perceive the efficiency and effectiveness of XBRL-enabled financial statement analysis and firms providing XBRL-formatted information. International Journal of Disclosure and Governance, 6(3), 241–261. https://doi.org/10.1057/jdg.2009.6

Prasetia, D., & Wijayana, S. (2017). Perbedaan Karakteristik Perusahaan Sebelum Diwajibkannya Laporan Keuangan Berbasis XBRL di Indonesia di Tahun 2015: Perbandingan Antara Perusahaan yang Menggunakan XBRL dan Tidak Menggunakan XBRL. (Master Thesis, Universitas Gadjah Mada). Retrieved from http://etd.repository.ugm.ac.id/home/detail_pencarian/131049

Prasetyo, H., & Apandi, N. N. (2019). Does Xbrl Improve the Quality of Financial Statements in the Banking Industry? The International Journal of Business Review (The Jobs Review), 2(2), 137–158. https://doi.org/10.17509/tjr.v2i2.20499

Pujisari, Y., & Biyanto, F. (2019). Kesadaran (Awareness) dan Pemahaman (Understanding) Akuntan Pendidik terhadap XBRL. INVENTORY: Jurnal Akuntansi, 3(1), 33–46.

Rezaee, Z., Sharbatoghlie, A., Elam, R., & McMickle, P. L. (2002). Continuous auditing: Building automated auditing capability. Auditing, 21(1), 147–163. https://doi.org/10.2308/aud.2002.21.1.147

Roohani, S., Furusho, Y., & Koizumi, M. (2009). XBRL: Improving transparency and monitoring functions of corporate governance. International Journal of Disclosure and Governance, 6(4), 355–369. https://doi.org/10.1057/jdg.2009.17

Saputro & Achjari. (2020). Pengaruh Penggunaan XBRL Terhadap Audit Delay pada Industri Keuangan dan Non-Keuangan di Indonesia. 10(September), 153–169. https://doi.org/10.34010/jati.v10i2

Sibarani, S. H. N., & Wibisono, G. (2019). Pengaruh adopsi xbrl dan asimetri informasi terhadap. (Undergraduate Thesis, Universitas Gadjah Mada).

Srivastava, R. P., & Liu, Q. (2012). Special issue of JIS on XBRL. Journal of Information Systems, 26(1), 97–101. https://doi.org/10.2308/isys-10255

Tohang, V., Limijaya, A., & Chitrahadi, M. (2020). An analysis of the impact of XBRL filings towards information asymmetry in Indonesia. Proceedings of 2020 International Conference on Information Management and Technology, ICIMTech 2020, (August), 330–335. https://doi.org/10.1109/ICIMTech50083.2020.9211114

Troshani, I., Parker, L. D., & Lymer, A. (2015). Institutionalising XBRL for financial reporting: Resorting to regulation. Accounting and Business Research, 45(2), 196–228. https://doi.org/10.1080/00014788.2014.980772

Tunjungsari, A. L., & Wibisono, G. (2019). Pengaruh Adopsi XBRL terhadap Cost of Debt pada Perusahaan yang Terdaftar di Indeks Kompas 100 BEI Periode 2012-2017. (Undergraduate Thesis, Universitas Gadjah Mada).

W, H. F., & Sumiyana. (2020). Pengaruh Adopsi XBRL Terhadap Audit Laporan Keuangan pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2012-2017. (Undergraduate Thesis, Universitas Gadjah Mada).

Wang, T., Wen, C. Y., & Seng, J. L. (2014). 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, 51(3), 336–346. https://doi.org/10.1016/j.im.2014.02.006

Wijanarko, H., & Moedjiono. (2015). 128-262-1-PB.pdf. Jurnal Telematika MKOM.

Wirabuana, C., & Nugraha, I. G. D. (2014). Analisa Performance Teknologi XBRL untuk Laporan Keuangan pada Industri Keuangan. (Undergraduate Thesis, Universitas Indonesia).

Wulandari, S. S., & Ali, S. (2019). Incorporating XBRL topics into the accounting curriculum: empirical evidence from Indonesia. Accounting Education, 28(6), 597–620. https://doi.org/10.1080/09639284.2019.1679205

XBRL. (2021). Taxonomies. Retrieved May 26, 2021, from XBRL International website: https://www.xbrl.org/the-standard/what/taxonomies/

Yovalti, A. O., & Sumiyana. (2018). Relevansi Nilai Informasi Akuntansi Sebelum dan Sesudah Penerapan XBRL di Bursa Efek Indonesia. (Undergraduate Thesis, Universitas Gadjah Mada).

Zamroni, M., & Aryani, Y. A. (2018). Initial Effects of Mandatory XBRL Adoption across the Indonesia Stock Exchange's Financial Information Environment. Jurnal Keuangan Dan Perbankan, 22(2), 181–197. https://doi.org/10.26905/jkdp.v22i2.2092

Zhang, Y., Guan, Y., & Kim, J. B. (2019). XBRL adoption and expected crash risk. Journal of Accounting and Public Policy, 38(1), 31–52. https://doi.org/10.1016/j.jaccpubpol.2019.01.003




DOI: http://doi.org/10.33312/ijar.522

Refbacks

  • There are currently no refbacks.


-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

The Indonesian Journal of Accounting Research (IJAR)

Editorial Secretariat

Master of Science and Doctoral Programs
Faculty of Economics and Business, Gadjah Mada University

Jl. Nusantara, Bulaksumur Yogyakarta 55281
CP : Novita
Phone  : +62 85227764898
Fax    : +62 274 524606
Website: http://ijar-iaikapd.or.id/
Email  : sekretariat@ijar-iaikapd.or.id

Marketing and Sales Office

Ikatan Akuntan Indonesia
Graha Akuntan, Jl. Sindanglaya No.1 Menteng, Jakarta Pusat 10310
CP : Reza Fauzi
Divisi Pelayanan, Keanggotaan dan Mitra IAI.
Grha Akuntan, Jl. Sindanglaya No.1, Menteng.
Telp.021-31904232 Ext.324/321

 

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

ISSN 2086-6887 (Print)
ISSN 2655 - 1748 (online)

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

 

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------