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Profile

Dr. Lucy Chernykh is the Wells Fargo Professor of Banking. Her research centers on international finance and financial stability, with a primary focus on the Russian banking market and regulation. Her work is featured in several premier finance journals, including the Journal of Financial Economics, Management Science, Review of Corporate Finance Studies, Journal of Corporate Finance, Journal of Banking and Finance, and the Journal of Financial Stability.

Dr. Chernykh has held multiple academic leadership roles, such as serving on the Board of Directors for the Eastern Finance and Southern Finance Associations, and as a Track Chair and Executive Committee member for various academic finance conferences. She is currently an Associate Editor for the Journal of Financial Research.

In addition to her editorial work, Dr. Chernykh is an active member of the Clemson University community. She serves as the Senator for the College of Business in the Faculty Senate, a member of the Faculty Senate Research, Scholarship and Creative Endeavors Committee, the Vice-Chair of the College of Business Faculty Advisory Council, and a member of the Global Engagement Committee.

Dr. Chernykh is also the recent recipient of the Powers College of Business Senior Scholar Research Excellence in Finance Award.

Research Interests

• Financial stability; Financial regulation; Deposit insurance; Russian banking and financial system

Research Publications

• Chernykh, Lucy; Davydov, Denis; Sihvonen, Jukka (2023). “Financial Stability and Public Confidence in Banks,” Journal of Financial Stability 69.
• Chernykh, Lucy and Sergey Mityakov (2022). "Behavior of Corporate Depositors during a Bank Panic," Management Science 68(12), 9129-9151.
• Chernykh, Lucy and Sergey Mityakov (2022). "Do Ex-Bankers Benefit Non-Financial Firms? Evidence from Job Transitions," Review of Corporate Finance Studies 11(2), 364-413.
• Chernykh, Lucy and Vladimir Kotomin (2022). "Risk-based Deposit Insurance, Deposit Rates and Bank Failures: Evidence from Russia," Journal of Banking and Finance 138.
• Chernykh, Lucy and Sergey Mityakov (2017). "Offshore Schemes and Tax Evasion: The Role of Banks," Journal of Financial Economics 126, 516-542.
• Chernykh, Lucy and Rebel A. Cole (2015). "How Should We Measure Bank Capital Adequacy for Triggering Prompt Corrective Action? A (Simple) Proposal," Journal of Financial Stability 20, 131-143.
• Chernykh, Lucy (2014). "Dwarf Banks," Journal of Banking and Finance 38, 31-40.
• 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 and Alexandra K. Theodossiou (2011). " Determinants of Bank Long-Term Lending Behavior: Evidence from Russia," Multinational Finance Journal 15, 193-216.
• Chernykh, Lucy (2008). "Ultimate Ownership and Control in Russia," Journal of Financial Economics 88, 169-192.