Research On Accounting Information Disclosure Of Derivative Financial Instruments In Listed Banks

Since the emergence of China's derivative financial instruments in 90 s,the emergence of derivative financial instruments has provided a good opportunity for enterprises to reduce the cost of financing,strengthen the management of foreign exchange risk and improve the efficiency of the use of funds.China's listed banks are precisely the main force to use these financial derivatives.These financial derivatives in the financial sector to bring a certain vitality,but also to thefinancial industry has brought a huge risk.How to effectively prevent the risk of derivative financia linstruments has become a very important issue in the accounting and financial circles.Opaque transactions of financial derivatives may damage the market,which requires listed banks to disclose more details of derivative products trading.As everyone knows,the information disclosure does not reduce the risk of the use of these financial derivatives brought,butinformation disclosure could be the risk of financial derivative products timely and accurately reveal to the external stakeholders,let them timely according to the correct information to make the right decision.In this way,the financial industry can guarantee the interests of the information users,and also enable the financial industry to get a sustained and healthy development.First of all,the financial derivatives related concepts and classification,summary of information disclosure theory,for the studies listed bank derivative accounting information disclosure provides the corresponding theoretical basis.Secondly,compared with the international accounting standards board,the financial accounting standards board and the Ministry of Finance on China derivative financial instruments standards or norms of information disclosure,summarizes the similarities and differences exist,FASB on the disclosure of the format and content of the most detailed specification,Chinese listed banks financial derivatives can be used for reference to improve the relevant norms of information the level of disclosure,this is one of the innovations of this paper.Through the analysis of the 16 listed banks in mainland Chinese 2011 to 2015 annual report,the listed banks information disclosure of financial derivatives Chinese basically followed the "Enterprise Accounting Standards No.thirty-seventh a presentation of financial instruments" requirements,but the difference between the disclosure level of large banks.Taking industrial and Commercial Bank of China as an example,the information disclosure of derivative financial instruments is analyzed,in order to improve the level of informationdisclosure.In the empirical part,from 2011 to 2015 Chinese annual report of listed banks to disclose the information,through multiple regression analysis,research hypothesis on the correlativity between listed banks from the level of information disclosure of financial instruments,it is also the research innovation.The empirical analysis shows that there is a significant impact on the level of information disclosure of financial instruments,which are capital adequacy,type of audit firms,whether the listed banks are state-owned,equity concentration degree and the total assets scale.Finally,it puts forward some suggestions and Countermeasures to improve the level of information disclosure of derivative financial instruments,and puts forward some suggestions and Countermeasures to improve the information disclosure of derivative financial instruments.