...Cecilia (Qian) Feng; Chansog (Francis) Kim ABSTRACT We examine the channels through which a reduction in information processing costs improves firm-level investment efficiency. We do so by exploiting the SEC's eXtensible Business Reporting Language (XBRL) mandate. We provide empirical evidence...

...Xin Cheng; Feiqi Huang; Dan Palmon; Cheng Yin ABSTRACT This study investigates whether information processing efficiency has an impact on public companies' investment efficiency. Using the adoption of XBRL as an exogenous shock that decreases information processing cost, we find that companies...