초록 열기/닫기 버튼
Since off-balance sheet activities (OBSAs) have been reported in the notes offinancial tatements, the lack of information thereof has been the main concern for regulators, accountant , financial analysts, and inve tors. This study, using the quarterly data ofthe 300 largest US global banks, examines the impact ofOBSAs on bank risk (both asset risk and systematic risk). This study finds a strong positive relationship between OBSAs and systematic risk, supporting the Leverage hypothesis and Tax Regulatory hypothesi . Howeve1; the negative relation between OBSAs and asset risk supports the Diversification hypothesis. These finding could be incorporated into designing a new framework (i.e., fair andfull di closure) to accountfor newfinancial instrument related to OBSAs.
