New computer-friendly format makes financial reports more complex, harder to read. Xitong Li ©Fotolia-Big data concept 3D-MaZi

In a bid to make it easier for financial reports to be processed by computers, these must now be submitted to the U.S. Securities and Exchange Commission in a new language in addition to the traditional HTML format.  In their recent study, Xitong Li, Hongwei Zhu and Luo Zuo explore how adopting the eXtensible Business Reporting Language (XBRL) is leading to more complex HTML-formatted (...)

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