Kim Pernell
Biographic Data
| ID | 179145 |
|---|---|
| NAME | Kim Pernell |
| GIVEN NAMES | Kim |
| FAMILY NAME | Pernell |
| SIGNATURE | PERNELL K |
| AFFILIATIONS | University of Toronto |
| ORCID | 0000-0002-4324-5898 |
| VERIFIED | Yes |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 23 |
| AUTHOR COUNT | 6 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2017 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 2 |
Financialization in the Twenty-First Century: Contemporary Trends and Emerging Research Directions
Following the 2008 financial crisis, financialization has emerged as a central research program for analyzing the changing economy and its broader social consequences. This article examines recent scholarship on financialization and argues that this economic transformation has evolved substantially in the past two decades, demanding a more expansive analytical framework and new research directions. Focusing on the economy-wide organization of cap…
I have seen this before: Imprinting experiences and bank CEO risk-taking in times of crisis
Understanding the causes and consequences of corporate risk-taking has remained a crucial topic for organizational scholars. Using the case of U.S. banks and one dimension of their risk-taking behavior around the 2008 financial crisis, we offer a theory of how the diverse experiences of corporate leaders can shape their risk-taking behavior. Building on the imprinting literature, we theorize how different types of experiences that bank CEOs had i…
The distribution of privately held business assets in the United States
Although privately held businesses are central to the economy and society, little is known about how their assets are distributed among the population. To better understand rising and persistent wealth inequalities, this paper describes the household distribution of private business assets in the United States and examines how it has changed over time. Using data from the 1989–2019 Survey of Consumer Finances, we show that the relative number of …
Rethinking moral hazard: Government Protection and Bank Risk-Taking
Why do firms take excessive risks that result in failure? Moral hazard theorists argue that the answer lies in the risk-boosting effects of the government safety net, which insulates firms from market discipline. We revisit this conventional wisdom by examining how exposure to government protection has contributed to recent trends in bank risk-taking in the USA. Drawing from insights from economic sociology, we highlight an additional way that ex…
Whistleblowing: Toward a New Theory
The Hazards of Expert Control: Chief Risk Officers and Risky Derivatives
At the turn of the century, regulators introduced policies to control bank risk-taking. Many banks appointed chief risk officers (CROs), yet bank holdings of new, complex, and untested financial derivatives subsequently soared. Why did banks expand use of new derivatives? We suggest that CROs encouraged the rise of new derivatives in two ways. First, we build on institutional arguments about the expert construction of compliance, suggesting that …
The Hazards of Expert Control: Chief Risk Officers and Risky Derivatives
At the turn of the century, regulators introduced policies to control bank risk-taking. Many banks appointed chief risk officers (CROs), yet bank holdings of new, complex, and untested financial derivatives subsequently soared. Why did banks expand use of new derivatives? We suggest that CROs encouraged the rise of new derivatives in two ways. First, we build on institutional arguments about the expert construction of compliance, suggesting that …
Rethinking moral hazard: Government Protection and Bank Risk-Taking
Why do firms take excessive risks that result in failure? Moral hazard theorists argue that the answer lies in the risk-boosting effects of the government safety net, which insulates firms from market discipline. We revisit this conventional wisdom by examining how exposure to government protection has contributed to recent trends in bank risk-taking in the USA. Drawing from insights from economic sociology, we highlight an additional way that ex…
The distribution of privately held business assets in the United States
Although privately held businesses are central to the economy and society, little is known about how their assets are distributed among the population. To better understand rising and persistent wealth inequalities, this paper describes the household distribution of private business assets in the United States and examines how it has changed over time. Using data from the 1989–2019 Survey of Consumer Finances, we show that the relative number of …
The Hazards of Expert Control: Chief Risk Officers and Risky Derivatives
At the turn of the century, regulators introduced policies to control bank risk-taking. Many banks appointed chief risk officers (CROs), yet bank holdings of new, complex, and untested financial derivatives subsequently soared. Why did banks expand use of new derivatives? We suggest that CROs encouraged the rise of new derivatives in two ways. First, we build on institutional arguments about the expert construction of compliance, suggesting that …
Whistleblowing: Toward a New Theory
I have seen this before: Imprinting experiences and bank CEO risk-taking in times of crisis
Understanding the causes and consequences of corporate risk-taking has remained a crucial topic for organizational scholars. Using the case of U.S. banks and one dimension of their risk-taking behavior around the 2008 financial crisis, we offer a theory of how the diverse experiences of corporate leaders can shape their risk-taking behavior. Building on the imprinting literature, we theorize how different types of experiences that bank CEOs had i…
The distribution of privately held business assets in the United States
Although privately held businesses are central to the economy and society, little is known about how their assets are distributed among the population. To better understand rising and persistent wealth inequalities, this paper describes the household distribution of private business assets in the United States and examines how it has changed over time. Using data from the 1989–2019 Survey of Consumer Finances, we show that the relative number of …
Rethinking moral hazard: Government Protection and Bank Risk-Taking
Why do firms take excessive risks that result in failure? Moral hazard theorists argue that the answer lies in the risk-boosting effects of the government safety net, which insulates firms from market discipline. We revisit this conventional wisdom by examining how exposure to government protection has contributed to recent trends in bank risk-taking in the USA. Drawing from insights from economic sociology, we highlight an additional way that ex…
Financialization in the Twenty-First Century: Contemporary Trends and Emerging Research Directions
Following the 2008 financial crisis, financialization has emerged as a central research program for analyzing the changing economy and its broader social consequences. This article examines recent scholarship on financialization and argues that this economic transformation has evolved substantially in the past two decades, demanding a more expansive analytical framework and new research directions. Focusing on the economy-wide organization of cap…
Business (4 works) · Banking stability, regulation, efficiency (3 works) · Corporate Finance and Governance (3 works) · Economics (3 works) · Housing, Finance, and Neoliberalism (3 works) · Political science (3 works) · Psychology (3 works) · Actuarial science (2 works) · Distribution (mathematics (2 works) · Finance (2 works)