One of the promises of XBRL is that standardization of reporting elements aids transparency and comparability of financial numbers. However one important area of transparency and comparability, certainly for peer group assessment, is in the area of corporate performance. But we are a long way from standardizing the definition and metrics of corporate performance, as the March 2009 European Discussion Paper on Corporate Performance (produced by the aptly named PAAinE) highlights. Read the rest of this entry »