Research On Chinese Listed Banks' Disclosure Situatior Of Internal Control Deficiencies

Our capital market continues to open up and develop in the economic globalization,the attention of the social public to the listed company's internal control deficiencies information disclosure is gradually strengthened.Its disclosure quality is not only reflecting their own internal control system situation in setting up and carrying out,the more affect the investors and regulators to make judgment and decision.As the main body of the financial industry,the banking industry has some characteristics,such as,high risk,information asymmetry,and high debt ratio in the structure of assets,therefore,its internal control deficiencies information disclosure becomes the focus of attention.In this case,research on listed banks disclosure situation of internal control deficiencies can help to regulate banks internal control deficiencies information disclosure system and improve the internal control system,and then promote the sustained development.In this paper,the listed banks disclosure of internal control deficiencies information is the main research object.Firstly,design a rating program to quantizing the present situation of the listed banks' disclosure situation of internal control deficiencies,and to sum up its characteristics and problem;secondly,use the classification of the internal control deficiencies to classify the defects,and to conclude the type of deficiencies in banking industry.There are theoretical and practical significance for standard the listed company of internal control defects disclosure,and perfect internal control deficiencies disclosure system.This paper consists of six parts:Part I,introduction.It includes the background and significance of the subject,research approach,framework and research methods,and then sums up the main contribution and insufficiency.Part II,literature review.This paper reviews the previous research achievements from internal control information disclosure and internal control deficiencies information disclosure,of which reviewed the research literature of listed bank's internal control information disclosure.Part III,theory.This part first defines the two key concepts:“internal control”and“internal control deficiencies",second discusses the theory which can influence the listed bank's internal control deficiencies information disclosure,such theory include principal-agent theory?information asymmetry theory?signal transfer theory?efficient market hypothesis.Part IV,descriptive study.Uses the“information disclosure index”and internal control deficiencies classification system by Ge and McVay,all 16 listed banks'disclosure of internal control deficiencies information to sort out the form and content,reveals the status of the disclosure of banks' internal control deficiencies information.Part V,case analysis.This section is on the basis of the fourth part,select the Shanghai pudong development bank's 2008-2010 years of internal control deficiencies information disclosure for research,analyzes its.development and change of information disclosure by years.Part VI,conclusions.Through the vertical and lateral analysis,it summarizes the characteristics of internal control deficiencies information disclosure,provides suggestions to perfect the information disclosure system,and puts forward for further study.The main contribution reflects in the following two aspects:first,refine the main body of research,this paper focus the key study on the-internal control deficiencies information;second,innovate the research method,this paper uses a method by combining the 16 listed banks horizontal comparison analysis and a single case of Shanghai pudong development bank longitudinal comparison analysis,which to analyze specifically and systematically.The inadequacies of this paper are:in the process of descriptive statistics,it uses the manual collecting method to find internal control deficiencies information This method can be influenced by subjective factors,therefore,it may make some deviation between obtained result and real situation.