XBRL, eXtensible Business Reporting Language, is an XML-based markup language used to communicate financial and business data electronically. Companies are now required to submit their financial
reports to the SEC in XBRL format. Using this novel data, we created and validated a measure that captures the accounting reporting complexity (ARC) of firms. ARC is associated with lower financial
reporting quality and with poor analysts' performance. The papers below provide more details on XBRL and the steps used to create ARC.
Links to papers:
Hoitash, R.,and Hoitash, U. Measuring Accounting Reporting Complexity with XBRL. The Accounting Review,
Do Sell-Side Analysts’ Qualifications Mitigate the Adverse Effects of Accounting Reporting Complexity? Working
Below we provide links to data that includes ARC and several related measures: