An Exploratory Study on Preparers’ Perception of ESEF Reporting: Evidence from the Warsaw Stock Exchange

Miścikowska Daria ()
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Miścikowska Daria: Nicolaus Copernicus University in Toruń, Doctoral School of Social Sciences, W. Bojarskiego 1, 87-100 Toruń, Poland

Folia Oeconomica Stetinensia, 2022, vol. 22, issue 1, 191-218

Abstract: Research background: This paper focuses on the preparers’ opinion on reporting in the European Single Electronic Format (ESEF). Purpose: The goal of the paper is to examine the preparers’ perception of adopting Inline XBRL as a fundamental technology to report annual consolidated financial statements under International Financial Reporting Standards (IFRS) within the ESEF framework. Research methodology: In the present work, Poland was considered as a case study. Using the survey, we obtained evidence from 25 issuers of securities listed on the Warsaw Stock Exchange, whose financial reports were complied with IFRS. Results: The questionnaires were completed in the majority by issuers with no previous experience in XBRL utilisation. One of the more significant findings to emerge from this study is that respondents could not be able to judge the appropriateness of Inline XBRL selection as a digital reporting format, or they disagreed with it. Furthermore, over half of them saw no need to extend this technology to other business reports, including non-financial reporting. Novelty: The paper can offer valuable pre-insights into preparers’ perception of introducing Inline XBRL in the context of ESEF reporting and ensure initial feedback to the policy-makers responsible for ongoing and forthcoming digital reporting standards initiatives in the European Union.

Keywords: Inline XBRL; digital corporate reporting; ESEF; Poland (search for similar items in EconPapers)
JEL-codes: M41 M48 O33 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:foeste:v:22:y:2022:i:1:p:191-218:n:10

DOI: 10.2478/foli-2022-0010

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