Krzysztof Gajewski works in the Financial Stability Department at Narodowy Bank Polski. His area of work includes systemic risk assessment and macroprudential policy. He is an active contributor to the work of the International Banking Research Network.
Agency problems in multinational banks: does parent complexity affect the risk-taking of subsidiaries?
This paper empirically reviews the relationship between the geographical complexity of parent-groups and the risk-taking behavior of subsidiaries using a panel of data for Polish domestically owned and foreign-owned banks covering the years 2008–17.