The Research On The Effectiveness Of Accounting Information Disclosure Of Chinese Listed Commercial Banks

As the ties of social reproduction, commercial banks are the most important financial institutions inthe national economy, which can raise and allocate funds for the development. And the commercial bank isa powerful tool of China’s macro-control, which can reflect the economic activities and help to make rightdecisions for the companies and our country. As listed commercial bank is in a special status in thecountry’s financial system, it has widely affected all aspects of social economy, and its externality isextremely strong, besides its characteristics include high sensitivity and high risk. In recent years, economicentities are aware enough of the fact that the significance of information disclosure for maintaining securityand stability of the financial system because of the financial crisis broke out frequently. InternationalBanking have reach a consensus on strengthened the banks transparency while the banking business isbecoming more and more complicated and the traditional regulation is lack of strength.At present, China’s commercial Banks still have large gap compared with the international level, eventhough they, to some extent, have improved their accounting information disclosure level with the marketopportunity. For example, the quality of accounting information disclosure is low. In addition, there is alarge gap on accounting information disclosure in domestic to compare with international. Due to thedisclosure of the aspects on risks is latter than other countries, and master few of measure and testtechnology and method of risk, lacking of a large number of management data, so it results in qualitativedisclosure and lacking of quantitative disclosure on information disclosure of listed commercial Banks inChina. Therefore, it urgently needs to be solved the problems of improving the listed commercial bankaccounting information disclosure in our country and narrowing the gap with the international standard.Learning from international and domestic provisions on banking regulation, this paper selects someimportant accounting information disclosure index, which can stand for bank business performance,financial situation, corporate governance and risk management and so on. And we take16banks which isChina’s a-share listed as the sample to research the present situation of effectiveness in accountinginformation disclosure of China’s listed bank though by qualitative and quantitative methods from the fouraspects of timeliness, sufficiency, authenticity, compliance. We can get the conclusion that there are many problems in disclosure of accounting information of listed commercial bank in China, namely, the listedcommercial banks do not disclosure accounting information in time, lack of further or quantitativeinformation disclosure in off-balance sheet business and risk management information, also theyoverestimate capital adequacy, asset quality and the interest income in terms of authenticity. In view of thecurrent situation, the author makes an analysis from the external factors and internal factors respectively ofthe causes: laws and regulations of information disclosure are not sound, the external regulation is notperfect, the lack of demand of external information users, system defects of commercial bank management,banking management and technology level is backward in our country. Then the author puts forwardeffective policy recommendations on improving bank accounting information disclosure of listed banks inChina: establish and perfect relevant laws and regulations system, strengthen external regulation of theaccounting information disclosure of listed commercial banks in China, perfect the management structureof commercial banks in our country and improve the bank’s management ability and technical level.