DrChristian Hilpert

My research focuses on corporate finance, financial institutions and markets, and behavioural finance. In particular, I consider models of financial distress and bankruptcy. In corporate finance, I analyse the optimal risk-taking of distressed firms and the information outsiders can infer from it. Previously, I worked on the optimal use of derivatives to mitigate transaction risks in mergers and acquisitions. Regarding the risk management of financial institutions, my current focus is on the liquidity and bankruptcy risk of insurance companies that arise from the behavioural decision making of retail customers. Furthermore, I worked on behavioural explanations of why people use technical analysis despite its lack of profitability.