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

19

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9,671

SSRN CITATIONS
Rank 4,242

SSRN RANKINGS

Top 4,242

in Total Papers Citations

329

CROSSREF CITATIONS

63

Scholarly Papers (19)

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1.

Mutual Funds As Venture Capitalists? Evidence from Unicorns

Downloads 1,376 (25,024)
Citation 29

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 1,326 (25,924)
Citation 30

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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: 12 Jul 2023
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 50 (669,880)
Citation 1

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2.

Why Do Firms Borrow Directly from Nonbanks?

Downloads 1,347 (25,779)
Citation 29

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, Review of Financial Studies, forthcoming
Number of pages: 65 Posted: 26 Jul 2018 Last Revised: 09 Mar 2022
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 1,308 (26,438)
Citation 8

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bank regulation, shadow banking, market segmentation, relationship lending

Why Do Firms Borrow Directly from Nonbanks?

NBER Working Paper No. w26458
Number of pages: 53 Posted: 18 Nov 2019 Last Revised: 17 Apr 2023
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 39 (743,729)
Citation 16

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3.

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 1,019 (38,583)
Citation 23

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

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 745 (59,326)
Citation 82

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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 699 (64,519)
Citation 30

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

6.

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

Downloads 693 (65,203)
Citation 12

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 545 (87,176)

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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

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 85 (503,034)
Citation 2

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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 Last Revised: 08 Mar 2023
Sergey Chernenko and Aditya Sunderam
Purdue University - Department of Management and Harvard University
Downloads 63 (597,844)
Citation 8

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7.

Agency Costs, Mispricing, and Ownership Structure

Downloads 546 (87,963)
Citation 1

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 501 (96,806)

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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: 23 Jun 2023
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 45 (701,688)

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8.

Racial Disparities in the Paycheck Protection Program

Downloads 479 (103,326)
Citation 2

Racial Disparities in the Paycheck Protection Program

Number of pages: 45 Posted: 20 Aug 2021 Last Revised: 07 Feb 2023
Sergey Chernenko and David S. Scharfstein
Purdue University - Department of Management and Harvard Business School - Finance Unit
Downloads 445 (111,523)

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discrimination, Paycheck Protection Program, Economic Injury Disaster Loans, bank lending, nonbank lending

Racial Disparities in the Paycheck Protection Program

NBER Working Paper No. w29748
Number of pages: 52 Posted: 17 Feb 2022 Last Revised: 14 Apr 2023
Sergey Chernenko and David S. Scharfstein
Purdue University - Department of Management and Harvard Business School - Finance Unit
Downloads 34 (782,143)
Citation 2

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9.

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 433 (116,362)
Citation 5

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Interest Rate Swaps, Market Timing, Myopia, Speculation

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 381 (134,806)
Citation 4

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

11.

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 367 (140,499)
Citation 4

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

12.

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 309 (169,005)
Citation 33

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

13.

Do Fire Sales Create Externalities?

Downloads 233 (224,585)
Citation 33

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 209 (248,182)

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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 2023
Sergey Chernenko and Aditya Sunderam
Purdue University - Department of Management and Harvard University
Downloads 24 (868,852)
Citation 1

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14.

The Rise and Fall of Demand for Securitizations

Downloads 225 (232,129)
Citation 5

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 159 (316,377)

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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 2022
Sergey Chernenko, Samuel Gregory Hanson and Aditya Sunderam
Purdue University - Department of Management, Harvard University - Business School (HBS) and Harvard University
Downloads 66 (583,354)

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15.

Measuring the Perceived Liquidity of the Corporate Bond Market

Downloads 215 (242,286)

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 126 (381,447)

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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 Last Revised: 12 Jul 2023
Sergey Chernenko and Aditya Sunderam
Purdue University - Department of Management and Harvard University
Downloads 89 (488,589)

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16.

Mutual Fund Liquidity Creation

Number of pages: 38 Posted: 30 Jan 2022
Sergey Chernenko and Viet-Dung Doan
Purdue University - Department of Management and Hong Kong Baptist University
Downloads 190 (271,143)

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liquidity creation, municipal bonds, mutual funds

17.

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 Hong Kong Baptist University
Downloads 174 (292,863)

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

18.

Applications or Approvals: What Drives Racial Disparities in the Paycheck Protection Program?

Downloads 133 (364,797)

Applications or Approvals: What Drives Racial Disparities in the Paycheck Protection Program?

Number of pages: 49 Posted: 22 Nov 2022 Last Revised: 08 May 2023
Sergey Chernenko, Nathan Kaplan, Asani Sarkar and David S. Scharfstein
Purdue University - Department of Management, Federal Reserve Bank of New York, Federal Reserve Bank of New York and Harvard Business School - Finance Unit
Downloads 112 (416,704)

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discrimination, racial disparities, Paycheck Protection Program, bank lending, fintech lending, administrative burden

Applications or Approvals: What Drives Racial Disparities in the Paycheck Protection Program?

FRB of New York Staff Report No. 1060
Number of pages: 50 Posted: 17 May 2023
Sergey Chernenko, Nathan Kaplan, Asani Sarkar and David S. Scharfstein
Purdue University - Department of Management, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Harvard Business School - Finance Unit
Downloads 17 (939,028)

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discrimination, racial disparities, Paycheck Protection Program, bank lending, fintech lending, administrative burden

Applications or Approvals: What Drives Racial Disparities in the Paycheck Protection Program?

NBER Working Paper No. w31172
Number of pages: 50 Posted: 01 May 2023 Last Revised: 15 May 2023
Sergey Chernenko, Nathan Kaplan, Asani Sarkar and David S. Scharfstein
Purdue University - Department of Management, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of New York and Harvard Business School - Finance Unit
Downloads 4 (1,066,495)
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19.

The Limits of Algorithmic Measures of Race in Studies of Outcome Disparities

Number of pages: 35 Posted: 26 Apr 2023
Sergey Chernenko and David S. Scharfstein
Purdue University - Department of Management and Harvard Business School - Finance Unit
Downloads 107 (428,398)

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machine learning, race, measurement error, racial disparities, Paycheck Protection Program