Affecting Factors on eXtensible Business Reporting Language (XBRL) Adoption Among Public Listed Companies in Amman Stock Exchange

Background: Adoption of a novel technology-based reporting language plays a significant role in the way how the financial information of the business is communicated. Recently, eXtensible Business Reporting Language (XBRL), based on eXtensible Mark-up Language (XML) is used as advanced technique for financial reporting and the adoption of XBRL is predicted to improve the access and enhance the communication of financial information which has potential benefits to stakeholder groups including: regulatory authorities, accounting firms, professional bodies, business organizations and other stakeholders. Objective: The study aims to investigate the ability of Jordanian companies to adopt and implement eXtensible Business Reporting Language (XBRL), specifically the study examines the effect of environmental, organizational, and technological factors on extensible business reporting language (XBRL) adoption in Jordan. Methodology: A questionnaire survey conducted among 102 participants was used to investigate the related environmental, organizational, and technological factors on XBRL adoption in Jordan. Results: The findings revealed that there are significant differences played by environmental, organizational, and technological factors on XBRL adoption in Jordan statistically. Conclusion: There are several factors which can facilitate XBRL adoption within companies, the environmental, organizational, and technological factors support the process of XBRL adoption and implementation in the Jordanian listed companies in Amman stock exchange. It is suggested that the listed companies on ASE to voluntary apply XBRL, provide specialized training and seminars to its employees in order to improve the awareness and understanding of various aspects of XBRL