pffi
Department of Finance
- Center for Financial Frictions

Peter Feldhütter joined the Department of Finance as Professor in 2017. He obtained his PhD from CBS and worked at London Business School before returning to CBS. His research focuses on how prices in fixed income markets are affected by illiquidity, credit risk, and supply/demand imbalances. In particular, he has published several studies on the illiquidity of the U.S. corporate bond market. He has received a number of research awards, including the Best Paper in Quantitative Investments Award at the Western Finance Association’s annual meeting, Q-Group’s Jack Treynor Prize, Wharton’s Jacobs Levy Equity Management Center for Quantitative Research’s Outstanding Paper Award, and Nykredit’s Talented Researcher Award.
Empirical asset pricing
Credit Risk
Fixed income
Liquidity risk
The myth of the credit spread puzzle (with Stephen Schaefer), 2018, Review of Financial Studies
Leveraged buyouts and bond credit spreads (with Yael Eisenthal-Berkovitz and Vikrant Vig), 2018, Journal of Financial Economics, forthcoming
The value of creditor control in corporate bonds (with Edie Hotchkiss and Oğuzhan Karakaş), 2016, Journal of Financial Economics
The same bond at different prices: Identifying search frictions and selling pressures, 2012, Review of Financial Studies
Corporate bond liquidity before and after the onset of the subprime crisis (with Jens Dick-Nielsen and David Lando), 2012, Journal of Financial Economics
Paper presented at The 55th Annual Conference of the Western Finance Association. WFA 2020, 2020
In: Journal of Financial Economics, Vol. 135, No. 3, 3.2020, p. 577-601
In: Review of Finance, Vol. 22, No. 1, 2.2018, p. 337–380
In: Review of Financial Studies, Vol. 31, No. 8, 8.2018, p. 2897-2942
In: Journal of Financial Economics, Vol. 88, No. 2, 2008, p. 375-405
Frederiksberg : Samfundslitteratur 2007, 169 p. (PhD series, No. 17.2007)
- NTC Parent, Legal advice, 2018-ongoing
- Shell, Legal advice, June 2019-ongoing
- Copenhagen Economics, advice, December 2018
- External Teacher at London Business School