Vincent Glode

Assistant Professor of Finance
Cynthia and Bennett Golub Faculty Scholar

Research Interests

My research focuses on the financial sector and its workers (e.g., fund managers, traders, bankers, regulators). I construct theoretical models to better understand how workers' ability, performance, and compensation interact.

Recent Publications

Financial Expertise as an Arms Race [with Richard C. Green and Richard Lowery]
* Journal of Finance 67, October 2012, pp. 1723-1759 [WP version, CFA Digest summary]
* Terker Family Prize in Financial Research for 2010 [2nd Prize] --- Rodney L. White Center at Wharton

Information Spillovers and Performance Persistence for Hedge Funds [with Richard C. Green]
* Journal of Financial Economics 101, July 2011, pp. 1-17 [WP version]
* Lead Article

Why Mutual Funds "Underperform"
* Journal of Financial Economics 99, March 2011, pp. 546-559 [WP version]
* Best Paper on Capital Markets --- 2008 Northern Finance Association Meeting
* Best Paper on Investments --- 2007 Financial Management Association Meeting

Working Papers

Adverse Selection and Intermediation Chains [with Christian Opp]
* To be presented at the SED Meeting and the NFA Meeting

Informed Trading and High Compensation in Finance [with Richard Lowery]
* Previously circulated as "Compensating Financial Experts"
* To be presented at the WFA Meeting

Bankers and Regulators [with Philip Bond]

Time-Varying Predictability in Mutual Fund Returns [with Burton Hollifield, Marcin Kacperczyk, and Shimon Kogan]

Bargaining with Asymmetric Costs for Information [with Richard Lowery]

Teaching

Corporate Valuation at Wharton since Spring 2010

Introduction to Finance at Carnegie Mellon in Summer 2007