Empirical Analysis On The Factors Influencing Information Disclosure Of Internal Control For The Listed Commercial Banks

In 2008, under the impact of the global financial crisis, many foreign banks have been closed down, the international experience also shows that:the financial crisis is always due to the invaliable internal management control of banks and lax supervision. However, in this context, there sre still considerable part of the listed commercial banks not affected. The reason is mainly because the role of individual resistance-that is, the integrity and effectiveness of its internal control system. However, to ensure the efficient and sustainable corporate governance, one has perfect internal control system is not enough. Especially for the listed commercial banks which are the typical high-risk companies, disclosure is more necessary. It can promote the management to find the deficiencies, improve internal controls, improve the quality of accounting information, and then provide a guarantee for the investors, depositors,regulators and other external stakeholders to understand the internal control of bank, assess the risk and make the right decisions. Although our small number of listed commercial banks now, but the entire amount of banks' capital accounted for a large proportion of the amount of stock's capital, while commercial banks, which are not only the important channel for stock market liquidity,but also the significant role of the entire operation of the securities market as well as the capital market. However, because of the commercial banks' high-risk, high-profit and specificity of content management, most scholars in the study of the company's internal control, eliminate put them outside from sample in the past. This article is specialized for the listed commercial banks which is special but extremely important financial institutions in the study. The article make the descriptive statistical analysis and empirical model checking on the disclosure of listed commercial banks'internal control and its influencing factors.I found that listed commercial banks in China to date information on the internal control disclosure still exist the following problems:mandatory requirements for disclosure of internal control have not been effectively implemented, deficiencies on motivation of internal control's voluntary disclosure still exist, the lack of uniform standards for the company's internal control self-assessment and evaluation of accounting firms to verify. At the same time, the main factors which come to affect the information disclosure of listed commercial banks'internal control are:non-performing loan ratio, whether part-time chairman and general manager is one person, net profit margin of total assets and the ratio of independent directors. The corresponding improvement of the article made the following recommendations:listed commercial banks should control the non-performing loan ratio, ensure the quality of assets, amplify the capital and increase the return on assets; increase the proportion of independent directors, strengthen corporate governance, establish the internal control framework clearly; In addition, from the regulatory point of view, the internal control audit report should be mandatory disclosure and encourage the disclosure of a combination to strengthen information disclosure regulation.