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Research On The Impact Of The Derivative Financial Instrument Standards On Chinese Listed Banks

Posted on:2010-10-30Degree:MasterType:Thesis
Country:ChinaCandidate:J S ZhangFull Text:PDF
GTID:2189360302461690Subject:Accounting
Abstract/Summary:PDF Full Text Request
In order to make Chinese accounting standards in accordance with international accountants in the greater degree, on February 15,2006,the Ministry of Finance has issued a series of new enterprise accounting standards. Compared with past standards, the new accounting standards are great different in the accounting principles and accounting practices。And during the new standards what the most interrelated with the banking industry are,,,。The biggest obvious characteristic of the new financial standards is< ASBE22: Recognition and Measurement of Financial Instruments> that regulates the derivative financial instruments should be include in sheet and measured as fair value, everyone who accomplished in accounting or financial were very curious about the influence of on listed banks. This article mainly discusses and analyzes this question.After the introduction of the new standards, most scholars expect that derivative financial instruments should be include in sheet and measured as fair value will influence the assets and profit of the public commercial banks, instability will increase. However, most of these studies made some expectation remain in the language, and the empirical studies are relatively few, and some literatures did not combine the financial data that after the new standards put in practice of the public commercial banks disclosed.Based on the development of the derivation financial instruments standards that in internal and overseas, this article expatiate some related basic theory of derivation financial instruments, and analysis the impact of the derivative financial instrument that was included in the financial statements, which based on the theoretical; by choosing assets, profits, net assets returns ratio that were disclosure in 2004,2005,2006,2007of five listed banks, utilizing the Excel software to make the descriptive statistical analysis and the T-test, then attesting to that derivative financial instruments be include in sheet and measured as fair value will have some influences on the scale and instability of assets, but will not increase public commercial bank's profit scale, and will increase the instability of the profit. Due to the derivation financial instruments accompanied by high income and high risk, are a "two-edged sword" and the financial crisis that exploded in America revealed this characteristic, the derivation financial instruments play what kind of role in the financial crisis? According to the conclusion of empirical studies and the influences of the derivation financial instruments in the financial crisis then to table some proposals for the listed banks and the supervision organization, forecasting the development characteristic of the financial market in China.
Keywords/Search Tags:Derivative financial instruments, Fair value, Financial crisis, Listed bank
PDF Full Text Request
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