Vincent Glode

Vincent Glode

Assistant Professor of Finance
Cynthia and Bennett Golub Faculty Scholar




Curriculum Vitae

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