Jens Hilscher

University of California, Davis

Professor

One Shields Avenue

Apt 153

Davis, CA 95616

United States

SCHOLARLY PAPERS

23

DOWNLOADS
Rank 5,901

SSRN RANKINGS

Top 5,901

in Total Papers Downloads

13,710

SSRN CITATIONS
Rank 722

SSRN RANKINGS

Top 722

in Total Papers Citations

1,256

CROSSREF CITATIONS

803

Scholarly Papers (23)

1.

Credit Ratings and Credit Risk: Is One Measure Enough?

AFA 2013 San Diego Meetings Paper
Number of pages: 58 Posted: 18 Sep 2009 Last Revised: 05 Aug 2015
Jens Hilscher and Mungo Ivor Wilson
University of California, Davis and University of Oxford - Said Business School
Downloads 3,915 (5,310)
Citation 54

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credit rating, credit risk, default probability, forecast accuracy, systematic default risk

2.
Downloads 2,339 (12,187)
Citation 590

In Search of Distress Risk

Harvard Institute of Economic Research Discussion Paper No. 2081
Number of pages: 47 Posted: 28 Jul 2005
John Y. Campbell, Jens Hilscher and Jan Szilagyi
Harvard University - Department of Economics, University of California, Davis and Duquesne Capital Management LLC
Downloads 1,970 (15,677)
Citation 30

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In Search of Distress Risk

NBER Working Paper No. w12362
Number of pages: 54 Posted: 20 Jul 2006 Last Revised: 13 Oct 2022
John Y. Campbell, Jens Hilscher and Jan Szilagyi
Harvard University - Department of Economics, University of California, Davis and Duquesne Capital Management LLC
Downloads 280 (205,625)
Citation 84

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In Search of Distress Risk

Bundesbank Series 1 Discussion Paper No. 2005,27
Number of pages: 60 Posted: 08 Jun 2016
John Y. Campbell, Jens Hilscher and Jan Szilagyi
Harvard University - Department of Economics, University of California, Davis and Duquesne Capital Management LLC
Downloads 89 (543,838)
Citation 5

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3.

Bank Stability and Market Discipline: The Effect of Contingent Capital on Risk Taking and Default Probability

Number of pages: 45 Posted: 13 Aug 2004 Last Revised: 26 Mar 2014
Jens Hilscher and Alon Raviv
University of California, Davis and Bar-Ilan University - Graduate School of Business Administration
Downloads 1,723 (19,729)
Citation 34

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contingent capital, executive compensation, risk taking, banking regulation, bank default probability, financial crisis

4.

Sources of Momentum Profits: Evidence on the Irrelevance of Characteristics

Number of pages: 48 Posted: 23 Dec 2010 Last Revised: 12 Sep 2011
Pavel Bandarchuk and Jens Hilscher
Acadian Asset Management and University of California, Davis
Downloads 1,082 (39,302)
Citation 7

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Momentum, Past Returns, Volatility, Stock-Level Characteristics, Double Sorts

5.

Determinants of Sovereign Risk: Macroeconomic Fundamentals and the Pricing of Sovereign Debt

EFA 2007 Ljubljana Meetings Paper
Number of pages: 48 Posted: 09 Dec 2006 Last Revised: 23 Oct 2009
Jens Hilscher and Yves Nosbusch
University of California, Davis and London School of Economics & Political Science (LSE)
Downloads 997 (44,147)
Citation 40

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sovereign spreads, credit risk, bond pricing, terms of trade, default probabilities

6.

Are Credit Default Swaps a Sideshow? Evidence that Information Flows from Equity to CDS Markets

Number of pages: 37 Posted: 03 Dec 2010 Last Revised: 01 Jun 2013
University of California, Davis, University of Illinois at Urbana-Champaign - Department of Finance and University of Oxford - Said Business School
Downloads 705 (70,520)
Citation 24

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CDS, market segmentation, inattention

7.

The Valuation of Corporate Coupon Bonds

Number of pages: 52 Posted: 27 Nov 2018 Last Revised: 20 May 2024
University of California, Davis, Cornell University - Samuel Curtis Johnson Graduate School of Management and Kamakura Corporation
Downloads 440 (126,284)
Citation 2

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corporate bonds, default probabilities, credit spreads, recovery rates, illiquidity

8.

Optimal Regulation, Executive Compensation and Risk Taking by Financial Institutions

Number of pages: 68 Posted: 07 Mar 2015 Last Revised: 09 Aug 2021
Jens Hilscher, Yoram Landskroner and Alon Raviv
University of California, Davis, Hebrew University of Jerusalem - Department of Finance and Banking and Bar-Ilan University - Graduate School of Business Administration
Downloads 426 (131,144)
Citation 9

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bank regulation; fnancial institutions; executive compensation; risk taking; fnancial crises.

9.

Inflation Derivatives Under Inflation Target Regimes

Number of pages: 37 Posted: 19 Aug 2008 Last Revised: 27 Apr 2012
Mordecai Avriel, Jens Hilscher and Alon Raviv
Technion-Israel Institute of Technology, University of California, Davis and Bar-Ilan University - Graduate School of Business Administration
Downloads 347 (165,043)

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inflation derivatives, inflation targeting, target zones, option pricing

10.

Conflicts of Interest on Corporate Boards: The Effect of Creditor-Directors on Acquisitions

Number of pages: 47 Posted: 13 Mar 2009 Last Revised: 05 Oct 2012
Jens Hilscher and Elif Sisli Ciamarra
University of California, Davis and Stonehill College
Downloads 272 (213,200)
Citation 12

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shareholder-creditor conflicts, acquisitions, board of directors, bankers on boards, corporate governance, credit market reaction

11.
Downloads 251 (230,900)
Citation 17

Inflating Away the Public Debt? An Empirical Assessment

Number of pages: 51 Posted: 23 Jul 2014 Last Revised: 30 Nov 2020
Jens Hilscher, Alon Raviv and Ricardo Reis
University of California, Davis, Bar-Ilan University - Graduate School of Business Administration and London School of Economics & Political Science (LSE)
Downloads 200 (285,460)

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inflation, debt debasement, value at risk, inflation derivatives, debt maturity structure, financial repression

Inflating Away the Public Debt? An Empirical Assessment

NBER Working Paper No. w20339
Number of pages: 67 Posted: 28 Jul 2014 Last Revised: 28 Jan 2023
Jens Hilscher, Alon Raviv and Ricardo Reis
University of California, Davis, Bar-Ilan University - Graduate School of Business Administration and London School of Economics & Political Science (LSE)
Downloads 51 (737,878)

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Inflating Away the Public Debt? An Empirical Assessment

CEPR Discussion Paper No. DP10078
Number of pages: 69 Posted: 25 Sep 2014
Jens Hilscher, Alon Raviv and Ricardo Reis
University of California, Davis, Bar-Ilan University - Graduate School of Business Administration and London School of Economics & Political Science (LSE)
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copulas, inflation options, maturity of government debt, required reserves

12.

How Likely Is an Inflation Disaster?

Number of pages: 36 Posted: 27 Apr 2022 Last Revised: 28 Apr 2022
Jens Hilscher, Alon Raviv and Ricardo Reis
University of California, Davis, Bar-Ilan University - Graduate School of Business Administration and London School of Economics & Political Science (LSE)
Downloads 247 (234,545)

Abstract:

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option prices, inflation derivatives, Arrow-Debreu securities

13.

Is the Corporate Bond Market Forward Looking?

ECB Working Paper No. 800
Number of pages: 38 Posted: 18 Aug 2007
Jens Hilscher
University of California, Davis
Downloads 243 (238,359)
Citation 3

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corporate bond spreads, Merton model, implied volatility, equity volatility, bond pricing

14.

Unencumbered by Style: Why do Funds Change Factor Loadings and Does it Help?

Number of pages: 63 Posted: 12 Jan 2022 Last Revised: 06 Nov 2023
Ting Bai, Jens Hilscher and Anna Scherbina
University of California, Davis, University of California, Davis and Brandeis University
Downloads 190 (299,824)

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Mutual fund style, style changes, active fund management, manager skill, factor timing, tactical investment skill

15.

Secular Rise and Pro-Cyclical Variation in Markups: Evidence from US Grocery Stores

Number of pages: 38 Posted: 07 Sep 2023 Last Revised: 08 Jan 2024
Bulat Gafarov, Tengda Gong and Jens Hilscher
Department of Agricultural and Resource Economics, UC Davis, University of California, Davis and University of California, Davis
Downloads 168 (334,389)
Citation 1

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Markups, demand estimation, panel IV, scanner data

16.

Information in Central Bank Sentiment: An Analysis of Fed and ECB Communication

Number of pages: 28 Posted: 18 Apr 2024
Jens Hilscher, Kyle Nabors and Alon Raviv
University of California, Davis, University of California, Davis and Bar-Ilan University - Graduate School of Business Administration
Downloads 95 (516,611)

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sentiment, textual analysis, central bank communication, Federal Reserve, European Central Bank, Taylor rule

17.

California Gasoline Demand Elasticity Estimated Using Refinery Outages

Number of pages: 28 Posted: 29 Nov 2023 Last Revised: 07 May 2024
Armando R. Colina, Bulat Gafarov and Jens Hilscher
Banco de Mexico, Department of Agricultural and Resource Economics, UC Davis and University of California, Davis
Downloads 85 (554,062)

Abstract:

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Capacity outages, gasoline demand price elasticity, Instrumental variable estimation, California gasoline market

18.

Designing Bankers' Pay: Using Contingent Capital to Reduce Risk-shifting Incentives

Number of pages: 25 Posted: 09 Mar 2021 Last Revised: 28 May 2021
Jens Hilscher, Sharon Peleg Lazar and Alon Raviv
University of California, Davis, Tel Aviv University and Bar-Ilan University - Graduate School of Business Administration
Downloads 79 (578,736)

Abstract:

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contingent capital, executive compensation, risk-shifting, banking regulation, coco compensation

19.

Two Different Exits: Prediction and Performance of Stocks that are About to Stop Trading

Number of pages: 36 Posted: 20 Sep 2021 Last Revised: 09 Dec 2022
Ting Bai, Jens Hilscher and Yitian Xiao
University of California, Davis, University of California, Davis and affiliation not provided to SSRN
Downloads 64 (648,690)

Abstract:

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mergers, exits, stock returns, anomalies

20.

Dynamic Volatility Regulation of Financial Institutions

Number of pages: 13 Posted: 02 Oct 2023 Last Revised: 05 Mar 2024
Jens Hilscher, Alon Raviv and Zvi Wiener
University of California, Davis, Bar-Ilan University - Graduate School of Business Administration and Hebrew University of Jerusalem - Jerusalem School of Business Administration
Downloads 34 (843,002)

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asset risk, dynamic volatility, Banks, regulator, Leverage, deposit insurance, credit spread, stress test, financial crisis, Basel II

21.

Fiscal Consequences of Central Bank Losses

NBER Working Paper No. w32478
Number of pages: 32 Posted: 21 May 2024
National Bureau of Economic Research (NBER)Brandeis International Business School and University of California, Davis
Downloads 8 (1,095,762)
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22.

How Likely is an Inflation Disaster?

CEPR Discussion Paper No. DP17224
Number of pages: 54 Posted: 27 May 2022
Jens Hilscher, Alon Raviv and Ricardo Reis
University of California, Davis, Bar-Ilan University - Graduate School of Business Administration and London School of Economics & Political Science (LSE)
Downloads 0 (1,171,839)
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Arrow-Debreu securities, inflation derivatives, Option prices

23.

Predicting Financial Distress and the Performance of Distressed Stocks

Journal of Investment Management (JOIM), Second Quarter 2011
Posted: 03 May 2011
John Y. Campbell, Jens Hilscher and Jan Szilagyi
Harvard University - Department of Economics, University of California, Davis and affiliation not provided to SSRN

Abstract:

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financial distress, distress risk, corporate failure, performance of distressed stocks