The Empirical Study On The Influence To The Quality Of Information Disclosure By Corporate Governance Mechanism In Chinese Listed Banks

The problems of corporate governance and information disclosure are veryimportant in the modern enterprise and academic research. There are lots of researchabout the problem of corporate governance and information disclosure separately indomestic and in abroad, but there are less studies about combining them and making theexploration of the interaction relationship between them. Speaking of the research area,the most research pays attention to the common enterprise, whitch makes the conclusionwhether it is suitable the financial profession, specially the commercial bank is worthdiscussing.Commercial bank is a kind of special company including the commonuniversality and particularity. Banking market is a typical market of informationasymmetry, so the question of information disclosure always makes bigger effects in thebank industry than to other industries. Especially the banking industry developmenthistory is short in our country, and the supporting system and related laws have not beenperfect, the quality of financial information has many deficiencies, and after the2007,9banks have been successfully listed A shares, there will be more and more listed banksin the future, which will lead people to pay more attention to the quality of informationdisclosure in banks, especially in the listed banks.Due to corporate governance and information disclosure system are based on theprincipal-agent problems, as the two core system in the modern enterprise system, theyare mutual influence and mutual restrict. The mechanism of corporate governance effecton the quality of information disclosure is characterized by the following: in theprincipal-agent relationship to establish a series of institutional arrangements, namelythe effective company management mechanism, to provide protection for the highquality of the information disclosure system. Many scholars in domestic and abroadhave made the conclusion that the corporate governance structure has importantinfluence on the quality of financial information disclosure with the theoretical analysisand the empirical analysis. Specific to the listed bank, by improving corporategovernance mechanisms to improve the quality of information disclosure of listed bankis feasible and practical significance.Through collecting the data of listed state-owned large-scale joint-stockcommercial banks and other listed bank, this paper makes the research about therelationship between corporate governance and information disclosure quality with empirical analysis in banks. Empirical study shows that, the conclusion of generalcorporate governance research is not suitable for the banking industry. The internalcontrol mechanism in China Listed Commercial Banks has a little effect on accountinginformation disclosure quality, only found in the separation of the two leadershipstructure and the dispersed ownership structure can improve the quality of accountinginformation disclosure, while the board of directors, creditors and managers incentivecontract has no effect on the quality of accounting information disclosure. The statisticalresults about the product market intense competition after constraint control on thecorporate governance mechanism to form show that for the imperfect internalgovernance of listed banks in China, product market intense competition will furtherreduce the improvement of accounting information disclosure by quality internal controlmechanism.Finally, according to the existed reseach and the results of empirical research, thispaper puts forward proposals from the improvement of corporate governance in bankingsystem and the promotion of banking information disclosure quality. To encourage thereduction of state-owned stocks, optimizing banking equity structure, give full play tothe role of independent directors, truly bank chairman general manager two ministry,establish and perfect the system of audit committee, strengthen the external supervisionstrength, perfect the market mechanism of legislation, promotion of informationintermediary industry development. And to encourage banks voluntary disclosure ofinformation of listed companies, standardize company report process, guiding investorsto establish the correct investment concept, foster competition in product marketsystem.