关键词: 表外项目 , 信用承诺 , 商业银行 , 价值相关性

Abstract: This paper analyzes the offbalance sheet items of Chinese listed commercial banks，establishing the balance sheet model and the income model to test valuerelevanceThe results demonstrate that there is a significant negative correlation between the offbalance sheet items and the banks stock price both at the overall level and at the project levelFurther research shows that the negative relationship exists in both stateowned banks and nonstateowned banksThe conclusions mean that the offbalance sheet items have liability attribute and expand the risk of banksThe conclusions also suggest that investors should consider offbalance sheet items as a risk factor at the time of pricingIn the supervision of risk of offbalance sheet items，this paper proposes to improve the transparency of information disclosure and add the risk assessment report of offbalance sheet items in the annual reportThis paper provides the initial empirical evidence for understanding the risk of credit commitment

Key words: offbalancesheet items , credit commitment , commercial banks , valuerelevance