Sugato Chakravarty

Krannert School of Management

Professor -- Strategic Management Area

Purdue University

403 West State Street

West Lafayette, IN 47907

United States

http://https://www.krannert.purdue.edu/directory/bio.php?username=sugato

SCHOLARLY PAPERS

37

DOWNLOADS
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10,069

SSRN CITATIONS
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SSRN RANKINGS

Top 7,202

in Total Papers Citations

57

CROSSREF CITATIONS

124

Scholarly Papers (37)

1.

Liquidity in U.S. Fixed Income Markets: A Comparison of the Bid-Ask Spread in Corporate, Government and Municipal Bond Markets

FRB of New York Staff Report No. 73
Number of pages: 43 Posted: 04 Jun 1999
Sugato Chakravarty and Asani Sarkar
Krannert School of Management and Federal Reserve Bank of New York
Downloads 2,215 (9,688)
Citation 64

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Information Asymmetry, Market Segmentation, and the Pricing of Cross-Listed Shares: Theory and Evidence from Chinese a and B Shares

Number of pages: 47 Posted: 31 Aug 1998
Sugato Chakravarty, Asani Sarkar and Lifan Wu
Krannert School of Management, Federal Reserve Bank of New York and California State University, Los Angeles - Department of Finance and Law
Downloads 1,275 (22,588)
Citation 8

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Information Asymmetry, Market Segmentation, and the Pricing of Cross-Listed Shares: Theory and Evidence from Chinese a and B Shares

Journal of International Financial Markets
Posted: 01 Sep 1998
Sugato Chakravarty, Asani Sarkar and Lifan Wu
Krannert School of Management, Federal Reserve Bank of New York and California State University, Los Angeles - Department of Finance and Law

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3.
Downloads 808 ( 43,909)
Citation 2

Relationships and Rationing in Consumer Loans

Purdue University Working Paper
Number of pages: 35 Posted: 24 Oct 1998
Sugato Chakravarty and James S. Scott
Krannert School of Management and Purdue University
Downloads 808 (43,308)
Citation 2

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Relationships and Rationing in Consumer Loans

Posted: 01 Nov 1999
Sugato Chakravarty and James S. Scott
Krannert School of Management and Purdue University

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4.

Factors Affecting an Individual's Bankruptcy Filing Decision

Number of pages: 30 Posted: 26 May 1999
Sugato Chakravarty and Eun-Young Rhee
Krannert School of Management and Samsung Research Institute of Finance
Downloads 794 (44,938)
Citation 13

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5.

Traders' Broker Choice, Market Liquidity and Market Structure

FRB of New York Staff Report No. 28
Number of pages: 43 Posted: 11 Nov 2006
Sugato Chakravarty and Asani Sarkar
Krannert School of Management and Federal Reserve Bank of New York
Downloads 677 (55,495)

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6.

Clean Sweep: Informed Trading Through Intermarket Sweep Orders

Number of pages: 39 Posted: 25 Aug 2009 Last Revised: 03 Dec 2010
Sugato Chakravarty, Pankaj K. Jain, Robert Wood and James Upson
Krannert School of Management, University of Memphis - Fogelman College of Business and Economics, University of Memphis - Fogelman College of Business and Economics and University of Texas at El Paso
Downloads 673 (55,906)
Citation 28

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Regulation NMS, Market Quality, Sweep Order, Flash orders

7.

Decimal Trading and Market Impact

Number of pages: 53 Posted: 26 Apr 2001
Sugato Chakravarty, Stephen P. Harris and Robert Wood
Krannert School of Management, Bridge Information Systems and University of Memphis - Fogelman College of Business and Economics
Downloads 452 (91,716)
Citation 31

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Decimalization, bid/ask spread, trading, stock exchange

8.

Can Competition between Brokers Mitigate Agency Conflicts with Their Customers?

Number of pages: 39 Posted: 06 Feb 1997
Sugato Chakravarty and Asani Sarkar
Krannert School of Management and Federal Reserve Bank of New York
Downloads 378 (112,698)

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9.

A General Analysis of Brokers' Trading, with Applications to Order Flow Internalization and Off-Exchange Block Sales

Number of pages: 32 Posted: 01 Jun 1998
Sugato Chakravarty and Asani Sarkar
Krannert School of Management and Federal Reserve Bank of New York
Downloads 328 (131,757)

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10.

Informed Trading with Multiple Competitive Brokers

Number of pages: 50 Posted: 16 Oct 1996
Sugato Chakravarty and Asani Sarkar
Krannert School of Management and Federal Reserve Bank of New York
Downloads 321 (134,698)

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11.

On the Informativeness of Credit Watch Placements

Number of pages: 33 Posted: 11 Sep 2008 Last Revised: 12 Nov 2013
Sugato Chakravarty, Chiraphol N. Chiyachantana and Yen Teik Lee
Krannert School of Management, Singapore Management University and National University of Singapore (NUS) - Department of Finance
Downloads 301 (144,146)

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credit rating agency, credit watch, bond rating, abnormal returns, institutional trading

A Multistage Model of Loans and the Role of Relationships

Number of pages: 38 Posted: 23 Mar 2004
Sugato Chakravarty and Tansel Yilmazer
Krannert School of Management and Ohio State University
Downloads 128 (310,944)

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Credit rationing, relationships, lender, borrower, adverse selection, sample selection

A Multistage Model of Loans and the Role of Relationships

Financial Management, Forthcoming
Number of pages: 55 Posted: 02 Sep 2008
Sugato Chakravarty and Tansel Yilmazer
Krannert School of Management and Ohio State University
Downloads 87 (404,805)
Citation 6

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relationships, loan, small business, adverse selection, moral hazard, credit rationing

13.

Trading Aggressiveness and Market Breadth Around Earnings Announcements

Number of pages: 42 Posted: 21 Jan 2011 Last Revised: 10 Sep 2011
James Upson, Sugato Chakravarty, Pankaj K. Jain and Thomas H. McInish
University of Texas at El Paso, Krannert School of Management, University of Memphis - Fogelman College of Business and Economics and University of Memphis - Fogelman College of Business and Economics
Downloads 209 (206,079)

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Regulation NMS, Market Quality, Sweep Order, Earnings Announcement, Liquidity

14.

An Analysis of Own Account Trading by Dual Traders in Futures Markets: A Bayesian Approach

University of British Columbia, Finance Working Paper No. 99-9, Sauder School of Business Working Paper
Number of pages: 48 Posted: 06 Mar 2000
Kai Li and Sugato Chakravarty
University of British Columbia (UBC) - Sauder School of Business and Krannert School of Management
Downloads 180 (235,262)

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15.

What Discourages Small Businesses from Asking for Loans? The International Evidence on Borrower Discouragement

Number of pages: 39 Posted: 16 Feb 2009
Sugato Chakravarty and Meifang Xiang
Krannert School of Management and University of Wisconsin - Whitewater
Downloads 166 (251,898)
Citation 5

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discouraged firms, emerging market

An Examination of Own Account Trading by Dual Traders in Futures Markets

Sauder School of Business Working Paper
Number of pages: 31 Posted: 20 Jul 2002
Kai Li and Sugato Chakravarty
University of British Columbia (UBC) - Sauder School of Business and Krannert School of Management
Downloads 165 (253,580)
Citation 8

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dual trading, front running, informed trader, inventory, liquidity

An Examination of Own Account Trading by Dual Traders in Futures Markets

Forthcoming in Journal of Financial Economics
Posted: 06 Aug 2002
Kai Li and Sugato Chakravarty
University of British Columbia (UBC) - Sauder School of Business and Krannert School of Management

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dual trading, front running, informed trader, inventory, liquidity

17.

On Institutional Trading, Behavioral Bias, and Demand for Liquidity

2018 Academic Research Colloquium for Financial Planning and Related Disciplines
Number of pages: 45 Posted: 04 Aug 2017 Last Revised: 23 Mar 2018
Sugato Chakravarty and Rina Ray
Krannert School of Management and University of Colorado at Denver
Downloads 163 (255,827)

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behavioral bias, institutional investors, liquidity, skill, transaction cost

18.

Do Busy Boards Add Value to Standalone Firms Relative to Business Groups? Evidence from India

Number of pages: 32 Posted: 13 Mar 2011
Sugato Chakravarty, Vijaya B. Marisetty and Madhu Veeraraghavan
Krannert School of Management, RMIT University and T.A. PAI Management Institute, Finance Area
Downloads 138 (292,489)

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19.

The Changing State of the Market: Common Factors and Impulse Responses for Cointegrated Spreads and Depths

Journal of Trading, Vol. 4, No. 1, pp. 68-94, Winter 2009
Number of pages: 50 Posted: 20 Mar 2006 Last Revised: 05 Apr 2009
Frederick H. deB. Harris, Sugato Chakravarty and Robert Wood
Wake Forest University, Krannert School of Management and University of Memphis - Fogelman College of Business and Economics
Downloads 134 (299,170)
Citation 1

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Resiliency, depth, error correction, impulse response, common factor, refresh rate

A Bayesian Analysis of Dual Trader Informativeness in Futures Markets

Sauder School of Business Working Paper
Number of pages: 26 Posted: 27 Aug 2002
Sugato Chakravarty and Kai Li
Krannert School of Management and University of British Columbia (UBC) - Sauder School of Business
Downloads 133 (301,996)
Citation 1

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endogeneity, heterogeneity, informed trader, Markov chain Monte Carlo, private information, simultaneous equations

A Bayesian Analysis of Dual Trader Informativeness in Futures Markets

Forthcoming in Journal of Empirical Finance
Posted: 27 Aug 2002
Kai Li and Sugato Chakravarty
University of British Columbia (UBC) - Sauder School of Business and Krannert School of Management

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endogeneity, heterogeneity, informed trader, Markov chain Monte Carlo, private information, simultaneous equations

21.

Capacity Constraints and the Opening of New Hedge Funds

25th Australasian Finance and Banking Conference 2012
Number of pages: 59 Posted: 19 Aug 2012
Sugato Chakravarty and Saikat S. Deb
Krannert School of Management and Deakin Business School, Deakin University
Downloads 79 (424,468)

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Hedge Fund, Capacity Constraints, New Fund Opening

22.

The Role of Subsidization and Organizational Status on Borrower Repayment Rates in Microfinance Institutions

World Development, Vol. 66, February 2015
Number of pages: 39 Posted: 27 May 2015
Mariya I. Pylypiv and Sugato Chakravarty
Purdue University and Krannert School of Management
Downloads 65 (471,230)
Citation 1

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microfinance, donation, subsidy, borrower, repayment rate, MFI

23.

An Analysis of Discouraged Small Businesses: An International Perspective

Number of pages: 45 Posted: 18 Mar 2008
Sugato Chakravarty and Meifang Xiang
Krannert School of Management and Purdue University - Department of Consumer Sciences & Retailing
Downloads 62 (482,545)
Citation 5

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discouraged borrowers, relationships, international, world bank, competition, firm size, underdeveloped, emerging

24.

Deception, Social Preferences, and Friendship

Number of pages: 51 Posted: 28 May 2020
sandra maximiano and Sugato Chakravarty
University of Lisbon - ISEG School of Economics and Management and Krannert School of Management
Downloads 47 (546,016)
Citation 2

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sender-receiver game, deception, lying aversion, social ties, social preferences

25.

The Effect of Decimalization on Trade Size and Adverse Selection Costs

Journal of Business Finance & Accounting, Vol. 32, No. 5-6, pp. 1063-1081, June 2005
Number of pages: 14 Posted: 22 Sep 2005
Sugato Chakravarty, Bonnie F. Van Ness and Robert A. Van Ness
Krannert School of Management, University of Mississippi - Department of Finance and University of Mississippi - Department of Finance
Downloads 30 (639,636)
Citation 1

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26.

On Short-term Institutional Trading Skill, Behavioral Biases, and Liquidity Need

Journal of Corporate Finance, Vol. 65, No. 101749, 2020
Number of pages: 47 Posted: 18 Nov 2021
Sugato Chakravarty and Rina Ray
Krannert School of Management and University of Colorado at Denver
Downloads 29 (646,151)

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Behavioral biases, Liquidity, Mutual fund managers, Pension fund managers, skill

27.

Firm Size and the Effectiveness of Busy Boards in An Emerging Economy

Global Finance Journal, Forthcoming
Number of pages: 37 Posted: 15 Apr 2022
Sugato Chakravarty and Prasad Hegde
Krannert School of Management and Auckland University of Technology
Downloads 18 (729,972)

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Indian Corporate Governance, Busy boards, Firm performance, Firm Size, Reputational Capital, Intuitional Voids

28.

The Joint Entrance Exam, Overconfident Directors and Firm Performance

Journal of Corporate Finance, Vol. 56, 2019
Number of pages: 45 Posted: 15 Apr 2022
Sugato Chakravarty and Prasad Hegde
Krannert School of Management and Auckland University of Technology
Downloads 14 (765,464)

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Indian corporate governance, Board advising, Overconfidence, Firm performance, Joint entrance examination, Firm complexity

29.

Capacity Constraints and New Hedge Fund Openings

Melbourne Business School, 2016 Financial Institutions, Regulation & Corporate Governance (FIRCG) Conference
Posted: 22 Feb 2016
Saikat S. Deb and Sugato Chakravarty
Deakin Business School, Deakin University and Krannert School of Management

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30.

Reinvestment Decisions by Small Businesses in Emerging Economies

Posted: 16 Feb 2010
Sugato Chakravarty and Meifang Xiang
Krannert School of Management and University of Wisconsin - Whitewater

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Reinvestment, investment, external financing, property rights, competition

31.

Decimals and Liquidity: A Study of the NYSE

Posted: 22 Jul 2003
Sugato Chakravarty, Robert Wood and Robert A. Van Ness
Krannert School of Management, University of Memphis - Fogelman College of Business and Economics and University of Mississippi - Department of Finance

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32.

Stealth Trading: Which Traders' Trades Move Stock Prices?

Posted: 13 Nov 2001
Sugato Chakravarty
Krannert School of Management

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33.

Does Insider Trading Really Move Stock Prices?

Posted: 26 Mar 1999
Sugato Chakravarty and John J. McConnell
Krannert School of Management and Purdue University

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34.

Estimating the Adverse Selection and Fixed Costs of Trading in Markets with Multiple Informed Traders

Posted: 07 Jul 1998
Sugato Chakravarty, Asani Sarkar and Lifan Wu
Krannert School of Management, Federal Reserve Bank of New York and California State University, Los Angeles - Department of Finance and Law

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35.

Estimating the Adverse Selection Cost in Markets with Multiple Informed Traders

Posted: 18 Sep 1997
Sugato Chakravarty, Asani Sarkar and Lifan Wu
Krannert School of Management, Federal Reserve Bank of New York and California State University, Los Angeles - Department of Finance and Law

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36.

A Model of Brokers? Trading, with Applications to Order Flow Internalization, Insider Trading and Off-Exchange Stock Sales

Posted: 25 Jun 1997
Sugato Chakravarty and Asani Sarkar
Krannert School of Management and Federal Reserve Bank of New York

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An Integrated Model of Market and Limit Orders

JOURNAL OF FINANCIAL INTERMEDIATION, Vol 4 No 3
Posted: 14 Jun 1995
Sugato Chakravarty and Craig W. Holden
Krannert School of Management and Indiana University - Kelley School of Business - Department of Finance

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An Integrated Model of Market and Limit Orders

Posted: 12 Jan 1995
Sugato Chakravarty and Craig W. Holden
Krannert School of Management and Indiana University - Kelley School of Business - Department of Finance

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Other Papers (1)

Total Downloads: 91
1.

Is it Heterogeneous Investor Beliefs or Private Information that Affects Prices and Trading Volume? Evidence from Indian IPOs

Number of pages: 49 Posted: 22 Mar 2010
Sugato Chakravarty and Rina Ray
Krannert School of Management and University of Colorado at Denver
Downloads 91 (212,333)

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heterogeneous beliefs, institutional investors, high net worth individuals, private information, retail investors