pffi

Department of Finance

  • Center for Financial Frictions
Peter
Feldhütter
Professor


Room: SOL/A4.02
Tel:
+4538153753
E-mail: pf.fi@cbs.dk
Presentation

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

Administrative tasks


Links
Link to this homepage
www.cbs.dk/en/staff/pffi
Courses


Supervision


Other teaching activities


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:
2018
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, 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
2008
Peter Feldhütter; David Lando / Decomposing swap spreads
In: Journal of Financial Economics, Vol. 88, No. 2, 2008, p. 375-405
Journal article > peer review
2007
Peter Feldhütter / Empirical Studies of Bond and Credit Markets
Frederiksberg : Samfundslitteratur 2007, 169 p. (PhD series, No. 17.2007)
Ph.D. thesis
Academic Interests


Outside activities
  • NTC Parent, Legal advice, 2018-ongoing
  • Shell, Legal advice, June 2019-ongoing
  • Copenhagen Economics, advice, December 2018
  • External Teacher at London Business School