The Investment Integration Framework Based on XBRL andWeb Services

This research lies in using science and information technology to improve the existing investment framework. A framework, called EFPIF (e-Financial Process Integration Framework), was proposed that can come to financial information and investment analysis integration, and provide an interaction framework to investors, investment advisory corporation, dealer in securities, bank, and quoted company. A feasible system structure and case implementation was proposed to explain the integrated and flexible properties of EFPIF. One WS4DB using the basic form of XBRL was designed which transforms financial statements into Web Services among EFPIF, and improves the usability of financial statements. An investor can analysis and understand the investment environment better by the mechanism proposed in this research. Consequent investment risk and loss can then be reduced. Moreover, investors, investment intermediaries, and listed company tend to achieve a win-win situation since information is transparent.