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Daniels School Faculty

Sugato Chakravarty

Sugato Chakravarty

Affiliate Professor of Management
Professor of Consumer Science


B.S. Chem Engg. Jadavpur University, Kolkata, India
M.S. Mechanical Engineering, University of Kentucky
Ph.D., Finance, Kelley School of Business, Indiana University, Bloomington, Indiana


Sugato's research and published works span multiple disciplines -- ranging from Consumer Behavior, Consumer Psychology, Finance, Strategy, Accounting, Organizational Behavior, Entrepreneurship, Retailing, etc..  According to Google Scholar, his research papers have been cited about 6,000 times.  As a sample, his research output has been published in the Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Business, Journal of Corporate Finance, Journal of Fixed Income, Entrepreneurship Theory and Practice, Journal of Economic Psychology, Journal of World Business, etc.  His current research projects include questions in consumer behavior, leadership, trust, asset pricing, corporate governance, institutional trading, entrepreneurship and corporate strategic decision making.   



Journal Articles

  • Sugato Chakravarty and co-authors (2021). "Exploring the next generation of international entrepreneurship: A multidisciplinary perspective." Journal of World Business vol. 56 (5),
  • Sugato Chakravarty and Rina Ray (2020). "On short-term institutional trading skill, behavioral biases, and liquidity need." Journal of Corporate Finance
  • Sugato Chakravarty, Prasad Hegde (2020). "The joint entrance exam, overconfident directors and firm performance." Journal of Corporate Finance
  • J. Bauchet, Sugato Chakravarty and B. Hunter (2018). "Separating the wheat from the chaff: Signaling in microfinance loans." World Development vol. 106 40-50.
  • Sugato Chakravarty and L. Rutherford (2017). "Do busy directors influence the cost of debt? An examination through the lens of takeover vulnerability." Journal of Corporate Finance vol. 43 429-443.
  • Sugato Chakravarty and A. Shahriar (2015). "Selection of Borrowing Partners in Joint Liability-Based Microcredit: Evidence from Framed Field Experiments in Bangladesh," Entrepreneurship Theory & Practice vol. 39 129-144.
  • Sugato Chakravarty and M.Pylypiv (2015). "The Role of Subsidization and Organizational Status on Microfinance Borrower Repayment Rates." World Development vol. 66 737-748.
  • Sugato Chakravarty, Jain, Upson, Robert Wood (2012). "Clean Sweep: Informed Trading through Intermarket Sweep Orders." Journal of Financial and Quantitative Analysis vol. 47 415-435.
  • Sugato Chakravarty and Meifang Xiang (2011). "Determinants of Profit Reinvestment by Small Businesses in Emerging Economies." Financial Management vol. 40 (3), 553-590.
  • Sugato Chakravarty and Padma Kadiyala (2009). "Ex Ante Estimation of a Firm's Distress Risk Parameters from Bond Transaction Data," Journal of Fixed Income vol. 19 6-22.
  • Sugato Chakravarty & Tansel Yilmazer (2008). "A Multistage Model of Loans and the Role of Relationships." Financial Management vol. 38 (4), 781-816.
  • Amber Anand and Sugato Chakravarty (2007). "Stealth trading in Options Markets." Journal of Financial and Quantitative Analysis vol. 42 167-188.
  • Sugato Chakravarty and Alan J. Dubinsky (2005). "Individual Investors’ Reactions to Decimalization: Innovation Diffusion in Financial Markets." Journal of Economic Psychology vol. 26 507-527.
  • Sugato Chakravarty. Huseyin Gulen & Stuart Mayhew (2004). "Informed Trading in Stock and Options Markets." Journal of Finance vol. 59 1235-1258.
  • Sugato Chakravarty & Kai Li (2003). "An Examination of Own Account Trading by Dual Trading in the Futures Markets." Journal of Financial Economics vol. 69 375-397.
  • Sugato Chakravarty (2002). "Supply Contraction and Trading Protocol: An Examination of Recent Changes in the U.S. Treasury Market: A Comment." Journal of Money, Credit & Banking vol. 34 763-766.
  • Sugato Chakravarty (2001). "Stealth trading: Which traders’ trades move stock prices?" Journal of Financial Economics vol. 61 289-307.
  • Sugato Chakravarty & John J. McConnell (1999). "Does Insider Trading Really Move Stock Prices?" Journal of Financial and Quantitative Analysis vol. 34 191-209.
  • Sugato Chakravarty and James S. Scott (1999). "Relationships and Rationing in Consumer Loans." Journal of Business vol. 72 523-544.
  • Sugato Chakravarty & John J. McConnell (1997). "An Analysis of Prices, Bid/Ask Spreads, and Bid and Ask Depths Surrounding Ivan Boesky’s Illegal Trading in Carnation’s Stock." Financial Management vol. 26 18-34.
  • Sugato Chakravarty & Craig Holden (1995). "An Integrated Model of Market and Limit Orders." Journal of Financial Intermediation vol. 4 215-241.

Other Publications

  • Sugato Chakravarty, Z. Iqbal, A. Shahriar (2015). "Gender Differences in a Cooperation Game: Evidence from the Field in Matrilineal, Patriarchal and Gender-Neutral Societies." Gender Action Portal, Kennedy School of Government, Harvard University.

Phone: (765) 494-6427
Office: KCTR 243

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