Department of Finance

  • Center for Big Data in Finance (BIGFI)

Room: SOL/A4.07

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.

Primary research areas

Empirical asset pricing

Credit Risk

Fixed income

Liquidity risk

Link to this homepage
Selected publications

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

Publications sorted by:
Peter Feldhütter; Stephen M. Schaefer / Debt Dynamics and Credit Risk
In: Journal of Financial Economics, Vol. 149, No. 3, 9.2023, p. 497-535
Journal article > peer review
Lorenzo Bretscher; Peter Feldhütter; Andrew Kane; Lukas Schmidt / Marking to Market Corporate Debt
Paper presented at China International Conference in Finance 2021, 2021
Paper > peer review
Peter Feldhütter; Stephen Schaefer / Debt Dynamics and Credit Risk
Paper presented at The 55th Annual Conference of the Western Finance Association. WFA 2020, 2020
Paper > peer review
Peter Feldhütter; Yael Eisenthal-Berkovitz; Vikrant Vig / Leveraged Buyouts and Bond Credit Spreads
In: Journal of Financial Economics, Vol. 135, No. 3, 3.2020, p. 577-601
Journal article > peer review
Peter Feldhütter; Christian Heyerdahl-Larsen; Philipp Illeditsch / Risk Premia and Volatilities in a Nonlinear Term Structure Model
In: Review of Finance, Vol. 22, No. 1, 2.2018, p. 337–380
Journal article > peer review
Peter Feldhütter; Stephen M. Schaefer / The Myth of the Credit Spread Puzzle
In: Review of Financial Studies, Vol. 31, No. 8, 8.2018, p. 2897-2942
Journal article > peer review
Peter Feldhütter; David Lando / Decomposing swap spreads
In: Journal of Financial Economics, Vol. 88, No. 2, 2008, p. 375-405
Journal article > peer review
Peter Feldhütter / Empirical Studies of Bond and Credit Markets
Frederiksberg : Samfundslitteratur 2007, 169 p. (PhD series, No. 17.2007)
PhD thesis
Outside activities
  • NTC Parent, Legal advice, 2018-2021
  • Shell, Legal advice, June 2019-2021
  • Copenhagen Economics, Academic advice, December 2018
  • FourWorld Capital Management, Academic advice, 2022-
  • External Teacher at London Business School and University College London