Human Factors Affecting XBRL Adoption Success in Lebanese Small to Medium-Sized Enterprises

Firms use Extensible Business Reporting Language (XBRL), as a component of accounting information systems, to define and facilitate the exchange of sensitive and confidential big financial data, namely, financial reports of use to shareholders, stakeholders, competitors and public users. However, still, many companies have not, yet, successfully adopted XBRL despite its foreseen competitive advantages. Different factors affect the successful adoption of XBRL. The human factor, as a component of organizational culture, is deemed to impact the successful adoption of XBRL. Based on an in-depth literature review, and analysis of surveys collected from 78 small to medium-sized firms in Lebanon, using variance-based structural equation model analysis, the impact of human factors on XBRL successful adoption is defined. Results identified the impact of human factors impact on the successful adoption of XBRL by firms seeking to adopt the lateral mandatory financial reporting standards.

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