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.

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