A Research On Information Disclosure Of Chinese Listed Banks’Off-Balance-Sheet Activities

As financial securitization in the recent20years, the continuous development of financial market integration, financial tool innovation, national commercial bank’s off-balance sheet business has been rapid development, and brought with the earnings of business tied in table, one is a big trend of development of the in-ternational financial industry. However off-balance-sheet business of commercial bank as a "double-edged sword", on the one hand, the use of proprietary cost is low, can achieve the purpose of evading capital adequacy, at the same time in-crease the fees and commissions; On the other hand, such as financial derivatives class of the rapid expansion of the off-balance sheet business and inevitably gener-ate new risks, its complexity is exacerbated by the asymmetry of information, be-come a major hidden obstruction that commercial Banks safe operation. Off-balance-sheet activities like "the sword of Damocles", always hanging in do this kind of off-balance sheet bank head, slightly less, may bring disaster to the bank. Especially British barings bank losses failures makes people doubt "too big to fail" point of view. With the development of global economic integration and the growth of the capital market, improve the transparency of information has be-come a desirable, disclosure of information as one of the effective ways to enhance off-balance-sheet business information transparency, and has received high atten-tion in the world.In recent decades, the world financial industry entered a stage of rapid devel-opment, financial market liberalization and competition of the brand mark. With the rapid development of financial markets, to the financial industry has brought unprecedented opportunities, at the same time, also brought unprecedented chal-lenges. Commercial bank off-balance-sheet business is a "double-edged sword". On the one hand, as applied to the off-balance sheet business proprietary costs low, can achieve the purpose of avoid capital adequacy ratio, increase the fees and commissions at the same time; On the other hand because of the rapid expansion of the financial derivatives and inevitably generate new risks, and become a major hidden obstruction that commercial Banks safe operation. Off-balance-sheet ac-tivities like "the sword of Damocles", always hanging in do this kind of off-balance sheet bank head, slightly less, may bring disaster to the bank. Espe-cially British barings bank losses failures makes people doubt "too big to fail" point of view. History for mirror, learning to know. Market in recent years, our country’s off-balance sheet business has been booming development, in kind or size has made considerable progress, but subsequently associated with off-balance sheet risk events are constantly emerging, off-balance-sheet transparency is low, the information disclosure of the fuzzy characteristics of risk in practice has to be reckoned with. So for the present situation of information disclosure of listed commercial Banks in China’s off-balance sheet activities research, is particularly meaningful. This article is from the current our country commercial bank’s off-balance sheet business bigger risk as the breakthrough point, points out that the importance of information disclosure of commercial bank’s off-balance sheet business, a brief review of the information disclosure of commercial Banks at home and abroad research literature. With asymmetric information theory, princi-pal-agent theory and effective capital market theory as a listed information disclo-sure of commercial bank’s off-balance sheet business theory, on the basis of the advanced practice of relevant information disclosure, using the specification and the data analysis method of combining the analysis of the information disclosure of listed commercial Banks in China’s off-balance sheet business status quo, and, according to the results of the analysis of information disclosure of our country commercial bank’s off-balance sheet business improvement Suggestions. This pa-per will be divided into six parts:The first part is introduction, mainly introduce the background of the thesis research, explore the research significance, this paper put forward the ideas and methods of research, finally in this paper, the main contribution of this article. The main purpose of this chapter is to build a whole paper framework, guide the full text writing.The second part is the literature review of domestic and foreign commercial bank information disclosure and off-balance-sheet business information disclosure generalizes the related literature. Through to the existing literature summary, found that at present our country research on information disclosure of commercial bank’s off-balance sheet business is more qualitative discussion of the information disclosure problems and improvement methods, lack of statistical analysis and case analysis on the sample. So it is concluded that for China’s current public in-formation disclosure of commercial bank’s off-balance sheet business practice re-search has important significance.The third part is the off-balance sheet business as well as the disclosure of in-formation theory in this paper. This part first defined the concept of off-balance-sheet activities, and respectively from the off-balance sheet business of the risk in the classification, characteristics, and the development of our country commercial bank’s off-balance sheet business of its full range is introduced. From off-balance sheet business because of the risks and the current status of develop-ment of the off-balance sheet business in our country, it can be seen that informa-tion disclosure of listed commercial Banks in China’s off-balance sheet business the necessity of research.The fourth part is the comparison of the specification, respectively introduces the Basel committee, international accounting standards and the financial account-ing standards committee on information disclosure of commercial bank’s off-balance sheet business rules, and comparing the existing specifications in our country, from the system level to summarize the information disclosure of listed commercial Banks in China’s off-balance sheet business problems.The fifth part is the level of information disclosure of listed commercial Banks in China’s off-balance sheet business of descriptive statistical analysis. In draw lessons from foreign advanced research methods, combined with domestic actual situation, by building a disclosure index to evaluate China’s16listed infor-mation disclosure of commercial bank’s off-balance sheet business level, summa-rized the off-balance sheet business information disclosure problems in practice, and analyzes its reason.The sixth divided into policy recommendations, based on investigation and conclusion respectively from the fifth part of the system level and execution level proposed consummates our country public information disclosure of commercial bank’s off-balance sheet business policy suggestions.The contribution of this paper mainly includes the following two aspects: (1) The research point of innovationInformation disclosed the question about commercial bank off-balance-sheet business, many researchers from information disclosure rule as a breakthrough point, framework, etc. This article from the perspective of practice, through the establishment of information disclosure index of off-balance sheet business infor-mation disclosure level of quantitative analysis, has certain innovative.(2) Comprehensive research objectThis article chose by the end of2012in a-share listed all of the listed com-mercial Banks in our country, the sample including state-owned commercial Banks, joint-stock commercial Banks and city commercial Banks, the research object, comprehensive enriched the information disclosure of commercial bank’s off-balance sheet business case studies.