Research on the Disclosure Quality of Financial Reporting on the Internet Based on XBRL Technology

The Shanghai Stock Exchange requires listed companies to submit and release the periodic financial reporting simultaneously based on extensible Business Reporting since 2009. Using financial companies and manufacturing companies as samples, this paper compares the disclosure quality of financial reporting on the internet. The result shows that financial reporting on the internet in the financial industry stays higher level than manufacturing industry. The results of this paper also support that research and application of extensible Business Reporting in China is still at lower stage, which needs further study. And there are still many difficulties in its application.