This paper examines whether and how the adoption of eXtensible Business Reporting Language(XBRL)reduces information asymmetry in loan contracting.We hypothesize that the adoption of XBRL can enhance information dissem...This paper examines whether and how the adoption of eXtensible Business Reporting Language(XBRL)reduces information asymmetry in loan contracting.We hypothesize that the adoption of XBRL can enhance information dissemination and mitigate the information asymmetry problem between borrowers and lenders.Using 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 contracts.Additional analyses indicate that the relations among XBRL adoption and bank loan price vary with loan structure.Overall,this research provides evidence that technology advancements such as XBRL reduce cost of bank loans by decreasing information asymmetry between borrowers and lenders.展开更多
AbstractWith more and more data generated,it has become a big challenge for traditional architectures and infrastructures to process large amounts of data within an acceptable time and resources.In order to efficientl...AbstractWith more and more data generated,it has become a big challenge for traditional architectures and infrastructures to process large amounts of data within an acceptable time and resources.In order to efficiently extract value from these data,organizations need to find new tools and methods specialized for big data processing.For this reason,big data analytics has become a key factor for companies to reveal hidden information and achieve competitive advantages in the market.Currently,enormous publications of big data analytics make it difficult for practitioners and researchers to find topics they are interested in and track up to date.This paper aims to present an overview of big data analytics’content,scope and findings as well as opportunities provided by the application of big data analytics.展开更多
文摘This paper examines whether and how the adoption of eXtensible Business Reporting Language(XBRL)reduces information asymmetry in loan contracting.We hypothesize that the adoption of XBRL can enhance information dissemination and mitigate the information asymmetry problem between borrowers and lenders.Using 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 contracts.Additional analyses indicate that the relations among XBRL adoption and bank loan price vary with loan structure.Overall,this research provides evidence that technology advancements such as XBRL reduce cost of bank loans by decreasing information asymmetry between borrowers and lenders.
文摘AbstractWith more and more data generated,it has become a big challenge for traditional architectures and infrastructures to process large amounts of data within an acceptable time and resources.In order to efficiently extract value from these data,organizations need to find new tools and methods specialized for big data processing.For this reason,big data analytics has become a key factor for companies to reveal hidden information and achieve competitive advantages in the market.Currently,enormous publications of big data analytics make it difficult for practitioners and researchers to find topics they are interested in and track up to date.This paper aims to present an overview of big data analytics’content,scope and findings as well as opportunities provided by the application of big data analytics.
