• The Journal of Society for e-Business Studies
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• v.15 no.3
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• pp.1-23
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• 2010

It is crucially important to exchange and manage the financial information of an organization for the reason of complexity and diversity of information caused by its implicit information involved. Especially, according to the development of information technology, various approaches appeared to manage financial data of organization. For example, XBRL (Extensible Business Reporting Language) is one of the technologies dealing with the above criteria. Basically, XBRL is a business reporting language to define and exchange financial information, such as a financial statement of organization. XBRL is an international standard which enables the exchange of information between information providers and consumers by adding the tags involving the information of circumstantial factors of data. However, XBRL is not able to describe semantics because XBRL is fundamentally based on XML(Extensible Markup Language) having the purpose of expressing and structuring data. Therefore, this paper aims to enable semantic information to XBRL through the semantic technology. The objective of this paper is an ontologization of the knowledge to perform sharing, reusing, discovering, and inferring the knowledge described and conducted by XBRL. In order to achieve the above objective, this paper suggests the methodology for the ontologization of the category and instance document of XBRL. Furthermore, this paper points out the possibility of suggested methodology in a practical business through indicating the advantages of the knowledge described by XBRL.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.1
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• pp.675-685
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• 2021

The purpose of this study is to examine the reaction of stock prices on the implementation of Extensible Business Reporting Language (XBRL) in companies listed on the Indonesia Stock Exchange (IDX). Using the event study method and calculating abnormal returns of the 2015 financial statements of 462 companies listed on the IDX, findings showed that 49 companies have not applied the XBRL format in their financial statements. Based on the results of the Average Abnormal Return (AAR) and Cumulative Average Abnormal Return (CAAR) values, using the one-sample test, investors react to shares in companies that have not implemented XBRL and who have implemented XBRL; however, based on the independent t-test based on average values there are differences between companies that have not applied XBRL and those who have implemented XBRL. This research only looks at the one-year implementation of XBRL in financial reporting (2015), then the research does not separate which companies are on time in the delivery of financial statements to the public through the IDX website. Our research contributes to the understanding of the use of XBRL in corporate financial reporting because before the XBRL financial reporting format was published, the company had published a financial statement format based on the legal provisions of financial statements in Indonesia.

• 한국IT서비스학회:학술대회논문집
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• 2008.05a
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• pp.559-564
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• 2008

XBRL은 재무 보고를 비롯한 다양한 비즈니스 보고에서 활용되고 있는 XML 기반 언어로서, 개념들과 이들간의 관계를 정의하여 활용할 수 있다. 비즈니스 보고 프로세스에서 절대적으로 중요한 것이 문법적이고 의미적인 수준에서 보고내용의 일치성과 완전성을 점검하여 제공하는 것이다. XBRL 문서를 제출 받아 이용하는 측에서도 제공받은 것들의 내용을 점검하는 것이 필수적이다. 이 논문에서는 현재 표준화가 진행중인 XBRL Formula를 중심으로, 의미 수준에서 XBRL 문서의 의미제약을 표현하고, 이를 서비스 품질 향상에 이용할 수 있도록 지원하는데 있어서, 대표적인 문제점과 해결방안에 대하여 토의한다.

• 한국IT서비스학회:학술대회논문집
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• 2009.05a
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• pp.188-193
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• 2009

XBRL(eXtensible Business Reporting Language)은 컴퓨터가 데이터의 의미와 데이터간의 관계를 자동으로 인식해서 처리할 수 있도록 설계된 XML(eXtensible Markup Language)기반의 기업업무보고용 언어이다. 이는 각 데이터에 정황적 요소를 포함하는 태그(Tag)를 추가함으로써 정보수요자로 하여금 정확한 정보를 이용 생성할 수 있게 하고, 정보공급자와 수요자간의 효율적 정보이동을 가능하게 하는 국제표준이다. 하지만 한국의 경우 XBRL의 도입이 규제기관을 중심으로 이루어지고 있어서 XBRL관련 시장이 한정적으로만 확장되고 있는 실정이다. 또한 규제기관 마다 특화된 도입방법으로 인하여 재무데이터 등의 원활한 흐름에 방해가 되어서 XBRL정보 가공 서비스업체의 등장을 어렵게 하고 정보수요자들에게도 실질적인 도움을 주지 못하고 있다. 이 논문은 Innovation Adoption모형을 이용하여, 개별 기업이 XBRL을 도입하는데 유효한 영향을 주는 요인을 찾고 함의하는 바를 알아 보는데 목적이 있다. IFRS(International Financial Reporting Standards)의 도입으로 인해 그 필요성이 커질, XBRL의 본연의 목적을 달성하기 위해 도움이 되는 연구가 될 것이다.

• The Journal of Society for e-Business Studies
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• v.11 no.4
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• pp.67-86
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• 2006

In parallel with emphasizing more transparency and social responsibility of businesses, usage rate of XBRL, a XML-based language specific to business reporting, is rapidly increasing. XBRL takes the same approach with the standardization of B2B electronic documents in that it defines components (concepts and their structures) of business reporting documents using XSD(XML Schema Definition). However, it is fundamentally different from the standardization of B2B electronic documents because it restricts concepts to specific types and it defines diverse relationship types for connecting the concepts to themselves and other additional information. As XBRL applications are getting activated, one hot issue is the necessity for standardization of XBRL documents in the national level and reusing the components systematically This paper proposes an alternative based on the problem analysis in order to make it possible to standardize and reuse XBRL documents systematically by applying the UN/CEFACT Core Component methodology.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.8 no.5
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• pp.229-234
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• 2008

XBRL is fundamentally defined as a structure that enterprises expand based on KGAAP 2.1 developed by the Korea branch of XBRL. Each enterprise selects its type of business and must check and choose the tag suitable to each enterprise. Since a complicated part such as expanding tag exists, there is a difficulty to prepare document through the step of tag expansion and data input. Although the expressive way of style provides the standards using the presentation structure and label structure provided fundamentally by XBRL, there is a complicated problem of using XBRL Processor. The electronic public disclosure system of the Financial Supervisory Service (DART) and Korea Exchange (KIND, KEDIS) use the Markup Language of SGML, XML and XBRL as format language. The procedure of defining document and process method vary in accordance with the characteristics of each language. This study analyzes the effect by step in accordance with format language of each electronic disclosure system and studies a direction of format language.

• Journal of Information Technology Applications and Management
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• v.15 no.4
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• pp.61-76
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• 2008

As XBRL applications for sharing the contents and semantics of business reports get activated, it is increasingly necessary to reuse components systematically by the standardization in the national level. The current standardization of Korean electronic documents follows the "Guideline for XML Documents Development", which aims to maximize the reusability of components by providing a business library as well as the UN/CEFACT core components methodology. XBRL takes the same approach with the standardization of electronic documents in that their components (concepts and their structures) are defined using XSD. In XBRL, however, concept are restricted to specific types and diverse relationship types can be defined for associating the concepts to themselves and other additional information. As a result, there are some issues that may not be solved by just applying the guideline to XBRL. This paper presents a basic method for applying the methodology to XBRL applications in order to realize the systematic reusing and standardization of XBRL documents in the national level. For case analysis, FSS (Financial Supervisory Service) income statement is employed to demonstrate the possibility of the method.

• The Journal of the Korea Contents Association
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• v.8 no.8
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• pp.274-284
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• 2008

XBRL is an XML-based language, actively used for diverse business reporting applications including financial reporting. It can be flexibly applied to each application by defining concepts and their relationships existing within the application. In these business reporting processes, it is very important for senders and receivers to validate the consistency and completeness of reporting contents in the syntatic and semantic levels. The basic method is to directly represent and validate the semantic constraints using application program codes. However, the method makes it difficult to represent, change, share semantic constraints. While XML constraint languages for XML documents such as XSLT and Schemantron support explicit representation and sharing of semantic constraints, they are limited in the efficiency and effectiveness of representing XBRL semantic constraints. This paper reviews XBRL formula, actively being discussed recently for standardization, and discusses the representation capability and limitations through a case analysis, which applies XBRL formula to business documents in the area of financial reporting.

• The Journal of Information Systems
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• v.15 no.4
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• pp.247-268
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• 2006

We introduce about XBRL, eXtensible Business Reporting Language, which is widely accepted as the international standard language for business financial reporting. XBRL is a language for the electronic communication of business and financial data which is revolutionizing business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. It offers cost savings, greater efficiency and improved accuracy and reliability to all those involved in supplying or using financial data. XBRL is a kind of XML application based on the open Internet technologies. We propose a framework for enterprise information supply chain using XBRL Web services. A Web service is defined as a software system based on XML and designed to support interoperable machine-to-machine interaction over a network by the W3C. Web services are frequently just application programming interfaces (API) that can be accessed over a network, such as the internet and executed on a remote system hosting the requested services. An XBRL Web service-based enterprise information supply chain enables for companies to implement seamless information supply chains from businesses to financial institutions, to supervisory authorities, and to other stake holders for real time information access. And thereby it is expected to contribute to the increase in the value of companies due to the enhanced visibility and transparency of accounting and management.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.34 no.2
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• pp.35-48
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• 2011

In this paper, we have studied the impact of adopting XBRL (eXtensible Business Reporting Language) on information asymmetry in capital markets with the additional research on the usefulness of XBRL data how to improve the quality of accounting information. From the Kosdaq XBRL service, the samples are selected including 38 adopted companies and the 30 non-adopted companies for the paired analysis. The daily stock return volatility (VOLA) as independent variable and other several controlling variables have been added for the regression analysis to measure the impact on information asymmetry in capital markets. he analytical result indicated that the asymmetry hypotheses that XBRL data will give a significant impact on the capital market and will reduce the volatility, which are expected in the hypotheses. This is the first analytical research on the capital market and its impacts to the capital market from adopting XBRL based accounting information. Additionally, the analysis showed the impacts on the reporting cycle of accounting information and its usefulness of accounting data itself.