The role of accounting values in the relation between XBRL and forecast accuracy

Purpose – This study aims to examine the role that cultural dimensions at the accounting subculture level play in the relation between XBRL mandate and quality of financial information environment. Design/methodology/approach – Analyst forecast accuracy with empirical data of firms from six nations is assessed. Findings – Results show that accounting values across nations play a significant role in influencing information quality change from XBRL mandate. Originality/value – This research paper is the very first in assessing the role of national culture in realizing information quality improvement value of XBRL.