College of Business and Behavioral Science


Lucy Chernykh

Assistant Professor

Office: 336-D Sirrine Hall
Phone: (864) 656 4950

 Educational Background

Ph.D. Finance
Drexel University

 Courses Taught

Financial Institutions and Markets
Financial Management II


Dr. Lucy Chernykh is an assistant professor of finance at Clemson University. She has previously held position as a tenured associate professor of finance at Bowling Green State University. Lucy received a Ph.D. in finance from Drexel University (2005). Her research focuses on international finance, with primary interest in emerging market banking and corporate control models. She has published articles in the Journal of Financial Economics, Journal of Corporate Finance and the Journal of Banking and Finance and has also won several research and teaching awards.

 Research Interests

Emerging Markets Banking and Finance

 Research Publications

Chernykh, Lucy (2013). "Dwarf Banks," Journal of Banking and Finance, forthcoming.

Chernykh, Lucy (2011). "Profit or Politics? Understanding Renationalizations in Russia," Journal of Corporate Finance 17, 1237-1253.

Chernykh, Lucy and Rebel A. Cole (2011). "Does Deposit Insurance Improve Financial Intermediation? Evidence from the Russian Experiment," Journal of Banking and Finance 35, 388-402.

Chernykh, Lucy (2008). "Ultimate Ownership and Control in Russia," Journal of Financial Economics 88, 169-192.