The impact of mandatory adoption of XBRL on firm’s stock liquidity: a cross-country study

Purpose The purpose of this paper is to examine the impact mandatory adoption eXtensible Business Reporting Language (XBRL) on firm’s stock liquidity. Design/methodology/approach Using a random-effects model, study examines XBRL (ADOPXBRL) liquidity 980 companies pertaining 13 countries for period from 2000 2016. Findings This finds that ADOPXBRL affects negatively and significatively Amihud’s (2002) illiquidity ratio. Therefore, enhances In addition, more pronounced in civil law than common countries. Originality/value contributes literature advantage especially by examining