Aaltodoc publication archive (Aalto University institutional repository)
School of Business | Department of Information and Service Economy | MSc program in Information and Service Management | 2015
Thesis number: 13979
XBRL implementation methods in COREP reporting
|Title:||XBRL implementation methods in COREP reporting|
|Year:||2015 Language: eng|
|Department:||Department of Information and Service Economy|
|Academic subject:||MSc program in Information and Service Management|
|Index terms:||tietojärjestelmät; information systems; ohjausjärjestelmät; control systems; pankit; banks; valvonta; control; raportit; reports|
» hse_ethesis_13979.pdf size:2 MB (1371691)
|Key terms:||XBRL, COREP, non-adoption, low adoption, medium adoption, advanced adoption|
Objectives of the Study:
The main objective of this study is to find out the XBRL adoption methods for European banks to submit COREP reports to local FSAs and to explore transitions in these methods. Thus, the goal is to find patterns from the transitions in XBRL implementation methods. The study is exploratory, as there is no earlier literature about XBRL implementation methods in COREP reporting or from XBRL implementation method transitions in any field. Additionally, this thesis has developed a useful framework for examination of technology adaption methods, transitions in technology adaption methods and patterns in technology adaption methods' transitions.
Academic background and methodology:
Academic background includes general earlier XBRL related literature, explaining the major benefits and attributes for companies using XBRL, XBRL usage around the world and discussing the implementation strategies that companies may use to adopt XBRL into their organizational processes. It also presents the basic elements of COREP reporting. Additionally, the incremental vs radical change in technology adoption is adopted to this research as it brings valuable addition to the framework. The theoretical framework is built on the XBRL implementation strategies, on pieces from XBRL related literature and on the model of technology adoption. The methodology consists of multiple case study with qualitative data collected through questions distributed via online tool and internet telephone interview with voluntary bank representatives around Europe. This data is analyzed with comparative case analysis/cross-case analysis.
Findings and conclusions:
Findings confirm only one of the four propositions thoroughly. Propositions are presented in the theoretical part of the thesis. Results support the proposed theoretical framework, although XBRL have not yet matured deeply into banking industry's legacy systems in Europe. Respondents had clear opinions on methods they are using and the XBRL attributes. Four of the seven attributes arise as more valuable to respondents than other three attributes, meaning that respondents' opinion differed from earlier literature.
Electronic publications are subject to copyright. The publications can be read freely and printed for personal use. Use for commercial purposes is forbidden.