Ge, Wenxia; Kim, Jeong-Bon; Li, TieMei; Zhang, Jing - 2021
subsidiary operations in offshore financial centers (OFCs) facilitate bank risk-taking. We construct an international sample of … banks with and without OFC operations during 2001−2018 and employ various proxies for bank risk-taking. Our results reveal … operations in OFCs with more regulatory arbitrage opportunities are associated with higher bank risk, and that restrictive bank …