Open Access
Adopting standard business reporting in Australia: Are CFOs persuaded by technology attributes?
TL;DR: In this article, the authors conducted a survey with CFOs working for top 500 listed Australian companies concerning the intention of their companies to adopt standard business reporting (SBR) facility, which was initiated by the Australian Treasury with heavy promotion of technological benefits to business.
read more
Abstract: A new technology based on the XBRL protocol that digitally links accounting information systems and financial/compliance reporting of businesses to regulatory and other government agencies went ‘live’ in Australia on 1 July 2010. Known as the standard business reporting (SBR) facility, it was initiated by the Australian Treasury with heavy promotion of technological benefits to business. However, to date, voluntary adoption (of SBR) by businesses has been slow. Why have businesses been reluctant to adopt this technological innovation? This study provides the result of a survey on CFOs, working for top 500 listed Australian companies, concerning the intention of their companies to adopt SBR. Drawing on notable adoption theories, this study focuses on factors of technological compatibility, complexity and perceived relative advantage affecting SBR adoption. The study finds that the technology attributes of SBR do not have a significant influence on CFOs in shaping their intention to adopt SBR. Implications of the results for the successful take up of this important government-driven financial and compliance reporting innovation are discussed. Keywords : Adoption of innovation, technology compatibility, financial reporting, compliance, standard business reporting, XBRL
read more
Chat with Paper
AI Agents for this Paper
Find similar papers on Google Scholar, PubMed and Arxiv
Write a critical review of this paper
Analyze citations of this paper to find unaddressed research gaps
Citations
Standard Business Reporting in Australia: Past, Present, and Future
Nena Lim,Brian Perrin +1 more
TL;DR: The discussions in this paper provide useful information to managers and accountants on how the SBR components work together and provide specific recommendations to the government agency in charge of SBR to help the further development and adoption of the program.
11
Standard Business Reporting (SBR) Adoption in Australia, Critically Acclaimed, Box Office Flop: Constructivist and Ecological Rationalities in Information Systems (IS) Adoption
TL;DR: It is found that IS adoption decisions can be based on both constructivist and ecological rationalities, and have implications for companies, regulators, standard setters, and the accounting profession, more generally.
Determinants of the voluntary adoption of digital reporting by small private companies to Companies House: Evidence from the UK
TL;DR: This study examines the factors that influence the voluntary adoption of the digital reporting of the statutory accounts and returns to the company registry (Companies House) by small private companies in the UK and shows the relative advantage from standardisation benefits, the company's technology competence and support from top management influence this voluntary adoption.