Sergey Chernenko

Purdue University - Department of Management

Assistant Professor (Finance)

West Lafayette, IN 47907-1310

United States

http://https://sites.google.com/site/chernenkosergey/

  • Purdue University - Department of Management

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    • Tel: (765) 494-4413
SCHOLARLY PAPERS

15

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6,791

SSRN CITATIONS
Rank 8,019

SSRN RANKINGS

Top 8,019

in Total Papers Citations

94

CROSSREF CITATIONS

65

Scholarly Papers (15)

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1.

Mutual Funds As Venture Capitalists? Evidence from Unicorns

Downloads 1,092 ( 23,406)
Citation 5

Mutual Funds As Venture Capitalists? Evidence from Unicorns

European Corporate Governance Institute – Finance Working Paper No. 675/2020
Number of pages: 94 Posted: 11 Jan 2017 Last Revised: 28 Apr 2020
Sergey Chernenko, Josh Lerner and Yao Zeng
Purdue University - Department of Management, Harvard Business School - Finance Unit and University of Pennsylvania - The Wharton School
Downloads 1,066 (23,820)
Citation 7

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Private places, private equity, governance

Mutual Funds as Venture Capitalists? Evidence from Unicorns

NBER Working Paper No. w23981
Number of pages: 51 Posted: 30 Oct 2017 Last Revised: 23 Apr 2021
Sergey Chernenko, Josh Lerner and Yao Zeng
Purdue University - Department of Management, Harvard Business School - Finance Unit and University of Pennsylvania - The Wharton School
Downloads 26 (588,385)

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2.

The Information Content of Forward and Futures Prices: Market Expectations and the Price of Risk

Number of pages: 27 Posted: 02 Jul 2004
Sergey Chernenko, Krista Schwarz and Jonathan H. Wright
Purdue University - Department of Management, Board of Governors of the Federal Reserve System and Johns Hopkins University - Department of Economics
Downloads 877 (32,093)
Citation 27

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forward contracts, futures, forecast evaluation, risk premia, random walk

3.

Why Do Firms Borrow Directly from Nonbanks?

Downloads 713 ( 42,580)
Citation 8

Why Do Firms Borrow Directly from Nonbanks?

Fisher College of Business Working Paper No. 2018-03-013, Charles A. Dice Center Working Paper No. 2018-13
Number of pages: 53 Posted: 26 Jul 2018 Last Revised: 17 Aug 2020
Sergey Chernenko, Isil Erel and Robert Prilmeier
Purdue University - Department of Management, Ohio State University (OSU) - Department of Finance and Tulane University - A.B. Freeman School of Business
Downloads 691 (43,809)
Citation 8

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shadow banking, relationship lending, market segmentation

Why Do Firms Borrow Directly from Nonbanks?

NBER Working Paper No. w26458
Number of pages: 53 Posted: 18 Nov 2019 Last Revised: 18 Apr 2021
Sergey Chernenko, Isil Erel and Robert Prilmeier
Purdue University - Department of Management, Ohio State University (OSU) - Department of Finance and Tulane University - A.B. Freeman School of Business
Downloads 22 (616,656)
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4.

Frictions in Shadow Banking: Evidence from the Lending Behavior of Money Market Funds

Fisher College of Business Working Paper No. 2012-4, Charles A. Dice Working Paper No. 2012-03-004
Number of pages: 49 Posted: 26 Jan 2012 Last Revised: 18 Sep 2012
Sergey Chernenko and Adi Sunderam
Purdue University - Department of Management and Harvard University - Business School (HBS)
Downloads 698 (43,835)
Citation 45

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Money market mutual funds, European sovereign debt crisis, runs, contagion, risk taking

5.

The High-Frequency Effects of U.S. Macroeconomic Data Releases on Prices and Trading Activity in the Global Interdealer Foreign Exchange Market

Number of pages: 42 Posted: 01 Dec 2004
Alain Chaboud, Sergey Chernenko, Edward Howorka, Raj S.K. Iyer, David Liu and Jonathan H. Wright
Board of Governors of the Federal Reserve System, Purdue University - Department of Management, EBS Group Limited, EBS Group Limited, EBS and Johns Hopkins University - Department of Economics
Downloads 648 (48,400)
Citation 30

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Foreign exchange, trading volume, news announcements, high-frequency data, conditional mean, conditional volatility

6.

Agency Costs, Mispricing, and Ownership Structure

Downloads 515 ( 64,790)

Agency Costs, Mispricing, and Ownership Structure

Number of pages: 49 Posted: 13 Nov 2009 Last Revised: 13 Apr 2010
Sergey Chernenko, C. Fritz Foley and Robin M. Greenwood
Purdue University - Department of Management, Harvard University - Business School (HBS) and Harvard Business School - Finance Unit
Downloads 480 (70,071)

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Ownership, Agency Costs, Mispricing

Agency Costs, Mispricing, and Ownership Structure

NBER Working Paper No. w15910
Number of pages: 49 Posted: 19 Apr 2010 Last Revised: 25 Apr 2010
Sergey Chernenko, C. Fritz Foley and Robin M. Greenwood
Purdue University - Department of Management, Harvard University - Business School (HBS) and Harvard Business School - Finance Unit
Downloads 35 (534,330)

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7.

Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds

Downloads 492 ( 68,614)
Citation 4

Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds

Fisher College of Business Working Paper No. 2016-03-05, Charles A. Dice Center Working Paper No. 2016-5
Number of pages: 62 Posted: 18 Feb 2016 Last Revised: 16 Jul 2016
Sergey Chernenko and Adi Sunderam
Purdue University - Department of Management and Harvard University - Business School (HBS)
Downloads 457 (74,402)

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liquidity transformation, asset management, mutual funds, cash holdings, fire sales

Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds

NBER Working Paper No. w22391
Number of pages: 63 Posted: 11 Jul 2016
Sergey Chernenko and Aditya Sunderam
Purdue University - Department of Management and Harvard University
Downloads 18 (646,154)
Citation 1

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Liquidity Transformation in Asset Management: Evidence from the Cash Holdings of Mutual Funds

ESRB: Working Paper Series No. 2016/23
Number of pages: 63 Posted: 05 Nov 2020
Sergey Chernenko and Adi Sunderam
Purdue University - Department of Management and Harvard University - Business School (HBS)
Downloads 17 (653,775)
Citation 3

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liquidity transformation, asset management, mutual funds, cash holdings, fire sales

8.

Why are Firms Using Interest Rate Swaps to Time the Yield Curve?

Number of pages: 47 Posted: 28 Jul 2005
Michael W. Faulkender and Sergey Chernenko
University of Maryland - Robert H. Smith School of Business and Purdue University - Department of Management
Downloads 401 (87,624)
Citation 5

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Interest Rate Swaps, Market Timing, Myopia, Speculation

9.

Trading Activity and Exchange Rates in High-Frequency EBS Data

FRB International Finance Discussion Paper No. 903
Number of pages: 37 Posted: 27 Sep 2007
Alain Chaboud, Sergey Chernenko and Jonathan H. Wright
Board of Governors of the Federal Reserve System, Purdue University - Department of Management and Johns Hopkins University - Department of Economics
Downloads 338 (106,519)
Citation 5

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Trading volume, foreign exchange, high-frequency data, news announcements

10.

The Front Men of Wall Street:The Role of CDO Collateral Managers in the CDO Boom and Bust

Journal of Finance, Forthcoming, Fisher College of Business Working Paper No. 2015-03-12, Charles A. Dice Center Working Paper No. 2015-12
Number of pages: 56 Posted: 12 Jul 2015 Last Revised: 22 Oct 2016
Sergey Chernenko
Purdue University - Department of Management
Downloads 316 (114,673)
Citation 3

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CDOs, conflicts of interest, franchise value, asset management, risk taking, specialization

11.

Order Flow and Exchange Rate Dynamics in Electronic Brokerage System Data

FRB International Finance Discussion Paper No. 830
Number of pages: 35 Posted: 25 Apr 2005
David W. Berger, Alain Chaboud, Sergey Chernenko, Edward Howorka, Raj S.K. Iyer, David Liu and Jonathan H. Wright
U.S. Board of Governors of the Federal Reserve System - Division of International Finance, Board of Governors of the Federal Reserve System, Purdue University - Department of Management, EBS Group Limited, EBS Group Limited, EBS and Johns Hopkins University - Department of Economics
Downloads 281 (129,811)
Citation 33

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order flow, foreign exchange, high-frequency data, news announcements

12.

Do Fire Sales Create Externalities?

Downloads 183 (195,997)
Citation 1

Do Fire Sales Create Externalities?

Number of pages: 60 Posted: 13 Oct 2017 Last Revised: 24 Sep 2018
Sergey Chernenko and Adi Sunderam
Purdue University - Department of Management and Harvard University - Business School (HBS)
Downloads 175 (203,785)

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fire sales, mutual funds, liquidity management, externalities

Do Fire Sales Create Externalities?

NBER Working Paper No. w25104
Number of pages: 61 Posted: 01 Oct 2018 Last Revised: 04 Feb 2021
Sergey Chernenko and Aditya Sunderam
Purdue University - Department of Management and Harvard University
Downloads 8 (725,244)
Citation 1

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13.

The Rise and Fall of Demand for Securitizations

Downloads 158 (222,243)
Citation 2

The Rise and Fall of Demand for Securitizations

Fisher College of Business Working Paper No. 2014-03-16, Charles A. Dice Center Working Paper No. 2014-16
Number of pages: 50 Posted: 19 Dec 2014
Sergey Chernenko, Samuel Gregory Hanson and Adi Sunderam
Purdue University - Department of Management, Harvard University - Business School (HBS) and Harvard University - Business School (HBS)
Downloads 121 (275,462)

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securitization, mutual funds, insurance companies, financial crises, fire sales, risk taking, reinforcement learning

The Rise and Fall of Demand for Securitizations

NBER Working Paper No. w20777
Number of pages: 50 Posted: 22 Dec 2014 Last Revised: 10 Apr 2021
Sergey Chernenko, Samuel Gregory Hanson and Aditya Sunderam
Purdue University - Department of Management, Harvard University - Business School (HBS) and Harvard University
Downloads 37 (523,850)

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14.

Measuring the Perceived Liquidity of the Corporate Bond Market

Downloads 65 (403,163)
Citation 1

Measuring the Perceived Liquidity of the Corporate Bond Market

Number of pages: 44 Posted: 20 May 2020
Sergey Chernenko and Aditya Sunderam
Purdue University - Department of Management and Harvard University
Downloads 59 (429,298)

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liquidity, corporate bonds, mutual funds, municipal bonds

Measuring the Perceived Liquidity of the Corporate Bond Market

NBER Working Paper No. w27092
Number of pages: 45 Posted: 05 May 2020
Sergey Chernenko and Aditya Sunderam
Purdue University - Department of Management and Harvard University
Downloads 6 (741,646)
Citation 1
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15.

Forced Sales and Dealer Choice in OTC Markets

Number of pages: 41 Posted: 18 Feb 2021
Sergey Chernenko and Viet-Dung Doan
Purdue University - Department of Management and Purdue University - Krannert School of Management
Downloads 14 (652,448)

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dealers, fire sales, liquidity, municipal bonds, mutual funds, OTC markets