XBRL (eXtensible Business Reporting Language) was developed to provide users with an efficient and effective means of preparing and exchanging financial information over the Internet. After years of development, XBRL is now in the implementation stage, with many companies, governments,...

Many companies are attempting to leverage the power of financial information by creating corporate websites to provide such information to employees, investors, and financial analysts. Extensible Business Reporting Language (XBRL) was developed to provide users with an efficient and effective...

Extensible Business Reporting Language (XBRL) is an XML-based method for financial reporting. XBRL was developed to provide users with an efficient and effective means of preparing and exchanging financial information over the Internet. However, like other unprotected data coded in XML, XBRL...

Since China launched the economic reform in 1978, the production efficiency and financial performance of state-owned enterprises (SOEs) have been a focus of interest in both the academic community and popular press. Many studies have concluded that SOEs improved their production efficiency under...

Central governments or the international community at large are concerned about subnational service delivery. The design of targeted expenditure programs features frequently in central efforts to redistribute infrastructure and social spending or assure minimum standards. These programs are...

We analyze Engel curves for nuclear households in rural China. The sample includes more than 5000 nuclear families covering nineteen out of thirty Chinese provinces. We consider expenditures on food, also subdivided into several food subcategories such as cereals, or meat and fish, and other...

This paper studies the impact of liability rules and damage awards on audit effort and the value of an audit (the net benefits to society of an audit) when an auditor and an investor may settle before proceeding to trial. It is demonstrated that audit effort increases with size of the damage...

A fundamental unresolved issue is whether information asymmetries underlie investors' predisposition to invest close to home (i.e., domestically or locally). We conduct experiments in the United States and Canada to investigate agents' portfolio allocation decisions, controlling for the...

A fundamental unresolved issue is whether information asymmetries underlie investors' predisposition to invest close to home (i.e., domestically or locally). The authors conduct experiments in the United States and Canada to investigate agents' portfolio allocation decisions, controlling for the...

This study reports the results of fifteen experimental asset markets designed to investigate the effects of forecasts on market prices, traders' abilities to assess asset value, and the link between the two. Across the fifteen markets, the authors investigate alternative forecast-generating...