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Back on the balance sheet: the tax effects of contingent claims in commercial banking
- Source :
- Review of Financial Economics. Wntr, 2006, Vol. 15 Issue 1, p19, 9 p.
- Publication Year :
- 2006
-
Abstract
- Contingent claims are recorded as income till the crystallization of the liability, if any. Consequently, it is difficult to classify it either as income or expenditure. The tax implications arising from such contingent liabilities in commercial banking industry are discussed. The study is based on reports of commercial banks from 1990-1996. The effect of contingent liabilities on financial leverage of the bank is also examined.
Details
- Language :
- English
- ISSN :
- 10583300
- Volume :
- 15
- Issue :
- 1
- Database :
- Gale General OneFile
- Journal :
- Review of Financial Economics
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.143392685