{"id":"https://openalex.org/W14218604","doi":null,"title":"Bankers in the Ivory Tower: The Financialization of Governance at the University of California","display_name":"Bankers in the Ivory Tower: The Financialization of Governance at the University of California","publication_year":2013,"publication_date":"2013-08-12","ids":{"openalex":"https://openalex.org/W14218604","mag":"14218604"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:cdl:indrel:qt5qm6t5xn","doi":null,"is_oa":false,"landing_page_url":"https://www.escholarship.org/uc/item/5qm6t5xn.pdf;origin=repeccitec","pdf_url":"https://www.escholarship.org/uc/item/5qm6t5xn.pdf;origin=repeccitec","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://escholarship.org/uc/item/5qm6t5xn","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5090588176","display_name":"Charlie Eaton","orcid":"https://orcid.org/0000-0002-4973-406X","observed_orcids":["https://orcid.org/0000-0002-4973-406X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Charlie Eaton","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5021191205","display_name":"Adam Goldstein","orcid":"https://orcid.org/0000-0003-1127-3541","observed_orcids":["https://orcid.org/0000-0003-1127-3541"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Adam Goldstein","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-1127-3541","affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5091135953","display_name":"Jacob Habinek","orcid":"https://orcid.org/0000-0002-7768-539X","observed_orcids":["https://orcid.org/0000-0002-7768-539X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Jacob Habinek","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5040435360","display_name":"Mukul Kumar","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Mukul Kumar","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5042027349","display_name":"Tamera Lee Stover","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Tamera Lee Stover","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5057604649","display_name":"Alexander F. Roehrkasse","orcid":"https://orcid.org/0000-0003-4996-9317","observed_orcids":["https://orcid.org/0000-0003-4996-9317"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Alexander F. Roehrkasse","raw_affiliation_strings":[],"raw_orcid":"https://orcid.org/0000-0003-4996-9317","affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":7,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11817","display_name":"Housing, Finance, and Neoliberalism","score":0.5898000001907349,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11817","display_name":"Housing, Finance, and Neoliberalism","score":0.5898000001907349,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10546","display_name":"Higher Education Governance and Development","score":0.3716000020503998,"subfield":{"id":"https://openalex.org/subfields/3304","display_name":"Education"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13368","display_name":"University Challenges and Reforms","score":0.03660000115633011,"subfield":{"id":"https://openalex.org/subfields/3304","display_name":"Education"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financialization","display_name":"financialization","score":0.8669999837875366},{"id":"https://openalex.org/keywords/university-governance","display_name":"university governance","score":0.9940000176429749},{"id":"https://openalex.org/keywords/public-research-universities","display_name":"public research universities","score":0.8370000123977661},{"id":"https://openalex.org/keywords/university-of-california","display_name":"University of California","score":0.8420000076293945},{"id":"https://openalex.org/keywords/board-of-regents","display_name":"Board of Regents","score":0.9319999814033508},{"id":"https://openalex.org/keywords/higher-education-finance","display_name":"higher education funding","score":0.6909999847412109}],"concepts":[{"id":"https://openalex.org/C2780837152","wikidata":"https://www.wikidata.org/wiki/Q607865","display_name":"Financialization","level":2,"score":0.9055138826370239},{"id":"https://openalex.org/C2779023502","wikidata":"https://www.wikidata.org/wiki/Q396569","display_name":"Ivory tower","level":2,"score":0.7749543190002441},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.745647668838501},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.7230944633483887},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.47382888197898865},{"id":"https://openalex.org/C48103436","wikidata":"https://www.wikidata.org/wiki/Q599031","display_name":"State (computer science)","level":2,"score":0.46704334020614624},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.45238542556762695},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4277816414833069},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.38926875591278076},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.3325417637825012},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.07199841737747192},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"pmh:oai:RePEc:cdl:indrel:qt5qm6t5xn","doi":null,"is_oa":false,"landing_page_url":"https://www.escholarship.org/uc/item/5qm6t5xn.pdf;origin=repeccitec","pdf_url":"https://www.escholarship.org/uc/item/5qm6t5xn.pdf;origin=repeccitec","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:escholarship.org/ark:/13030/qt5qm6t5xn","doi":null,"is_oa":true,"landing_page_url":"https://escholarship.org/uc/item/5qm6t5xn","pdf_url":"https://escholarship.org/uc/item/5qm6t5xn","source":{"id":"https://openalex.org/S4306400115","display_name":"eScholarship (California Digital Library)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I2801248553","host_organization_name":"California Digital Library","host_organization_lineage":["https://openalex.org/I2801248553"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"},{"id":"mag:14218604","doi":null,"is_oa":false,"landing_page_url":"https://escholarship.org/content/qt5qm6t5xn/qt5qm6t5xn.pdf?t=mr2849","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"RePEc: Research Papers in Economics","raw_type":null},{"id":"pmh:qt5qm6t5xn","doi":null,"is_oa":false,"landing_page_url":"http://www.escholarship.org/uc/item/5qm6t5xn","pdf_url":null,"source":{"id":"https://openalex.org/S4306400115","display_name":"eScholarship (California Digital Library)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I2801248553","host_organization_name":"California Digital Library","host_organization_lineage":["https://openalex.org/I2801248553"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Eaton, Charlie; Goldstein, Adam; Habinek, Jacob; Kumar, Mukul; Stover, Tamera Lee; &amp; Roehrkasse, Alex. (2013). Bankers in the Ivory Tower: The Financialization of Governance at the University of California. UC Berkeley: Institute for Research on Labor and Employment. Retrieved from: http://www.escholarship.org/uc/item/5qm6t5xn","raw_type":"article"}],"best_oa_location":{"id":"pmh:oai:escholarship.org/ark:/13030/qt5qm6t5xn","doi":null,"is_oa":true,"landing_page_url":"https://escholarship.org/uc/item/5qm6t5xn","pdf_url":"https://escholarship.org/uc/item/5qm6t5xn","source":{"id":"https://openalex.org/S4306400115","display_name":"eScholarship (California Digital Library)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I2801248553","host_organization_name":"California Digital Library","host_organization_lineage":["https://openalex.org/I2801248553"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W14218604.pdf","grobid_xml":"https://content.openalex.org/works/W14218604.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2766023955","https://openalex.org/W2165900993","https://openalex.org/W327165734","https://openalex.org/W1975265804","https://openalex.org/W2383364746","https://openalex.org/W2376071887","https://openalex.org/W3205730820","https://openalex.org/W159682350","https://openalex.org/W2365674693","https://openalex.org/W2367469481"],"abstract_inverted_index":{"This":[0],"paper":[1],"examines":[2],"the":[3,7,17,52,78,86,94,114,153],"recent":[4],"changes":[5,124],"in":[6,65,93],"relationships":[8],"between":[9],"public":[10],"research":[11],"universities":[12],"and":[13,27,48,132,143,164],"financial":[14,121,130,162,165],"markets,":[15],"using":[16],"University":[18],"of":[19,80,89,116,120,145,148,158],"California":[20],"as":[21,55,77,126,139],"a":[22,117],"case":[23],"study.":[24],"Between":[25],"2003":[26],"2011,":[28],"UC\u2019s":[29,127,146],"outstanding":[30],"bond":[31],"debt":[32,91],"to":[33,63,108,137],"investors":[34],"more":[35],"than":[36],"doubled.":[37],"Funds":[38],"raised":[39],"through":[40,113],"borrowing":[41,111],"were":[42,59],"invested":[43],"into":[44],"medical":[45],"centers,":[46],"dormitories,":[47],"athletic":[49],"facilities":[50],"at":[51],"same":[53],"time":[54],"core":[56],"university":[57,81,101,141,156],"functions":[58],"scaled":[60],"back":[61],"due":[62],"cuts":[64],"state":[66],"appropriations.":[67],"We":[68,83,97],"argue":[69],"that":[70],"these":[71],"divergent":[72],"trends":[73],"are":[74],"best":[75],"understood":[76],"financialization":[79],"governance.":[82],"first":[84],"trace":[85],"precipitous":[87],"growth":[88],"UC":[90],"beginning":[92],"early":[95],"2000s.":[96],"then":[98],"show":[99],"howthe":[100],"has":[102],"partnered":[103],"with":[104],"Wall":[105,134],"Street":[106,135],"firms":[107],"expand":[109],"its":[110],"activities":[112],"use":[115],"broad":[118],"array":[119],"instruments.":[122],"These":[123],"occurred":[125],"administration":[128],"empowered":[129],"managers":[131],"recruited":[133],"veterans":[136],"positions":[138],"senior":[140],"executives":[142],"members":[144],"Board":[147],"Regents.":[149],"Finally,":[150],"we":[151],"discuss":[152],"consequences":[154],"for":[155],"governance":[157],"this":[159],"reorientation":[160],"towards":[161],"strategies":[163],"markets.":[166]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2020,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":2}],"updated_date":"2026-08-30T07:30:35.949966","created_date":"2016-06-24T00:00:00"}
