XML Standard for Business Reporting / Accounting

TechWeb reports in this ARTICLE on Edgar Online‘s support of XBRL, an XML standard for companies to publish and distribute financial reports.

Such a standard would be a strong movement in the direction of efficient valuation and pricing of fundamental business characteristics. Arbitrage pricing theory could be applied using each XBRL tag as a factor, resulting in the ability to calculate values and sensitivities for stock prices based on changes to the underlying fundamentals in detail.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s