The Drop Shadow effect adds a shadow that appears behind the layer. The shape of the shadow is determined by the layer’s alpha channel.
When you add a drop shadow to a layer, a soft-edged outline of the layer’s alpha channel appears behind it, as if a shadow is cast on the background or underlying objects.
Drop Shadow can create a shadow outside the bounds of the layer. The layer’s quality setting affects the subpixel positioning of the shadow and the smoothness of the shadow’s soft edges.
This effect works with 8-bpc and 16-bpc color.

To render the shadow without the image, select Shadow Only.