Exploring the impact of adoption of a new method of business financial reporting to improve financial market: an empirical study, Dr Khalid Alharbi, Dr Ibtissem Missaoui, Prof. Arshi Naim

Dr Khalid M. Alharbi
Assistant Professor
Department of Accounting, College of Business Administration in Yanbu
Taibah University
Madinah
Saudi Arabia
ORCID: 0000-0001-6820-530X
Dr Ibtissem Missaoui
LR LAMIDED, Higher Institute of Management of Sousse
University of Sousse
Tunisia
ORCID: 0000-0002-1548-9094
Professor Arshi Naim
Professor in Business Management
Faculty of Business and Economics, Al-Quds University, Jerusalem (Palestine)
Academic Director, London Institute of Sustainable Development, London (United Kingdom)
ORCID: 0000-0003-1325-6964

Type of Paper: Research
Received: 7 June 2025 /  Revised: 15 December 2025 /  Accepted: 6 January 2026 /  Published: 28 February 2026
DOI: 10.47556/J.WJEMSD.22.1-2.2026.2

Purpose: The focus of the current study is to empirically investigate the effect of integrating Extensible Business Reporting Language (XBRL) as a sustainable and standardised financial reporting framework for the development and efficiency of global financial markets.
Design/Methodology/Approach: The study analyses financial data from 18 countries spanning from 2000 to 2022 to understand the results of XBRL technology on financial reporting and market dynamics.
Findings: The results have indicated that the integration of XBRL has a statistically significant and growing impact on financial market progress. The integration of XBRL tools can enhance quality of information on finance, reduce information asymmetry and enhance overall conditions of markets, including liquidity and investor participation.
Originality/Value: This research has contributed to the existing body of knowledge by demonstrating the importance of XBRL-formatted financial information, thereby enhancing investor understanding and facilitating successful market integration.
Keywords: Digital Information; Business Financial Reporting; Disclosure and Transparency; XBRL Technology; Financial Market Development; Strategic innovation practices; Informational Environment.
Citation: Alharbi, K. M., Missaoui, I. and Naim, A. (2026) : Exploring the Impact of Adoption of a new method of Business Financial Reporting to improve Financial Market: An Empirical Study. World Journal of Entrepreneurship, Management and Sustainable Development, Vol. 22, Nos 1-2, pp. xx-xx.