中国上市商业银行自愿性信息披露与代理成本关系研究.pdfVIP

commercial bank sectors, this paper selects three alternative variables to measure the agency cost of the listed commercial bank.Through controlling the basic characteristic variables of the commercial bank,such as the size,performance and the nature of the bank, the empirical analysis is made to find the relationship between the level of voluntary disclosure of listed commercial banks and agency costs. The main conclusion is as follows: (1)There are differences between the voluntary information disclosure level of the listed commercial bank,the importance of the indicators in the evaluating system is ordered as follows:The forecasting information,the management discussion and analysis, the non-financial information,and the environmental and strategic information. From the nature of the banks point of view, the comprehensive evaluation value of the information disclosure level ranked in the top six banks, only one state-owned bank,the others are all joint -equity commercial bank,However,the polarization of voluntary information disclosure level between different joint -stock banks is obvious, the top three and the last two are all joint -stock banks. It’s visible that the emphasis on voluntary information disclosure is much different between the joint -stock banks, (2) Through controlling the basic characteristic variables of the commercial bank,such as the size,performance and the nature of the bank, the empirical analysis is made to find the relationship between the level of voluntary disclosure of listed commercial banks and agency costs.The result shows the indicator of the non-performing loans which reveals the efficiency of the funds and the indicator of the manager share ratio w