XBRL – The Future of Reporting

XBRL eXtensible Business Reporting Language is a new electronic format for financial reporting. Using XBRL, companies can efficiently disseminate their quarterly or annual reports to the international capital markets and make them available as needed to private and institutional investors, e.g., for sector or peer-group analyses. By using a central database, the process of information-sharing among market participants is facilitated considerably. This creates room for additional research activities and the increased coverage will especially benefit small and midcap companies.