Vincent Glode

University of Pennsylvania - The Wharton School

Pasi M. Hamalainen Associate Professor of Finance

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

http://www.vincentglode.com

SCHOLARLY PAPERS

19

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11,171

TOTAL CITATIONS
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SSRN RANKINGS

Top 4,775

in Total Papers Citations

255

Scholarly Papers (19)

1.

Why Mutual Funds 'Underperform'

Journal of Financial Economics, 2011
Number of pages: 41 Posted: 18 Apr 2008 Last Revised: 07 Dec 2011
Vincent Glode
University of Pennsylvania - The Wharton School
Downloads 1,850 (20,075)
Citation 83

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Mutual Fund, Performance, Pricing Kernel, Business Cycle

2.
Downloads 1,181 (39,182)
Citation 15

Time-Varying Predictability in Mutual Fund Returns

Number of pages: 43 Posted: 21 Mar 2009 Last Revised: 14 Jan 2012
University of Pennsylvania - The Wharton School, Carnegie Mellon University - David A. Tepper School of Business, Imperial College London - Accounting, Finance, and Macroeconomics and Reichman University - Arison School of Business
Downloads 1,102 (42,695)
Citation 14

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Mutual Funds, Flows, Investor Rationality, Market Conditions

Is Investor Rationality Time Varying? Evidence from the Mutual Fund Industry

NBER Working Paper No. w15038
Number of pages: 52 Posted: 08 Jun 2009 Last Revised: 03 Feb 2023
University of Pennsylvania - The Wharton School, Carnegie Mellon University - David A. Tepper School of Business, Imperial College London - Accounting, Finance, and Macroeconomics and Reichman University - Arison School of Business
Downloads 79 (676,811)
Citation 1

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3.

Asymmetric Information and Intermediation Chains

American Economic Review, Forthcoming
Number of pages: 37 Posted: 14 Mar 2013 Last Revised: 25 Mar 2016
Vincent Glode and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Rochester - Simon Business School
Downloads 1,052 (46,273)
Citation 22

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Intermediation Chains, Asymmetric Information, OTC Trading Networks, Monopoly Power, Double Marginalization

4.

Over-the-Counter vs. Limit-Order Markets: The Role of Traders' Expertise

Number of pages: 64 Posted: 03 Dec 2015 Last Revised: 09 Nov 2018
Vincent Glode and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Rochester - Simon Business School
Downloads 711 (78,834)
Citation 30

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Asymmetric Information, OTC Trading, Centralized Markets, Rent-seeking, Market Power

5.

Financial Expertise as an Arms Race

Journal of Finance, 2012
Number of pages: 50 Posted: 30 Aug 2009 Last Revised: 15 Mar 2013
Vincent Glode, Richard C. Green and Richard Lowery
University of Pennsylvania - The Wharton School, Carnegie Mellon University - David A. Tepper School of Business and University of Texas-Austin
Downloads 685 (82,635)
Citation 4

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6.

Thoughts on the Divide Between Theoretical and Empirical Research in Accounting

Journal of Financial Reporting, Forthcoming
Number of pages: 30 Posted: 20 Sep 2016 Last Revised: 29 Sep 2016
Duke University - Fuqua School of Business, Tuck School of Business at Dartmouth College, University of Pennsylvania - The Wharton School and The Wharton School, University of Pennsylvania
Downloads 635 (91,104)
Citation 3

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7.
Downloads 625 (92,895)
Citation 1

Technological Progress and Rent Seeking

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 37 Posted: 27 Feb 2021 Last Revised: 03 Apr 2024
Vincent Glode and Guillermo Ordoñez
University of Pennsylvania - The Wharton School and University of Pennsylvania - Department of Economics
Downloads 615 (93,582)
Citation 1

Abstract:

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Resource Allocation, Surplus Appropriation, Misallocation, Economic Growth, Market Making, Electronic Front-Running.

Technological Progress and Rent Seeking

NBER Working Paper No. w32359
Number of pages: 37 Posted: 23 Apr 2024
Vincent Glode and Guillermo Ordoñez
University of Pennsylvania - The Wharton School and University of Pennsylvania - Department of Economics
Downloads 10 (1,322,285)
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8.

Compensating Financial Experts

Journal of Finance, Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 36 Posted: 29 Nov 2011 Last Revised: 11 Aug 2020
Vincent Glode and Richard Lowery
University of Pennsylvania - The Wharton School and University of Texas-Austin
Downloads 568 (104,978)
Citation 12

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Traders, Bankers, Compensation, Labor Market, Externalities, Rent-Seeking Activities

Private Renegotiations and Government Interventions in Credit Chains

Forthcoming at the Review of Financial Studies
Number of pages: 56 Posted: 12 Aug 2020 Last Revised: 18 Mar 2023
Vincent Glode and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Rochester - Simon Business School
Downloads 453 (136,840)
Citation 10

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Debt Renegotiation, Credit, Bargaining Power, Default Waves

Renegotiation in Debt Chains

NBER Working Paper No. w27883
Number of pages: 43 Posted: 07 Oct 2020 Last Revised: 10 Mar 2023
Vincent Glode and Christian Opp
University of Pennsylvania - The Wharton School and University of Rochester
Downloads 113 (531,045)

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10.

The Labor Market for Bankers and Regulators

Review of Financial Studies, Forthcoming
Number of pages: 57 Posted: 21 Nov 2010 Last Revised: 13 Nov 2013
Philip Bond and Vincent Glode
University of Washington - Michael G. Foster School of Business and University of Pennsylvania - The Wharton School
Downloads 519 (117,486)
Citation 27

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Financial regulation, banking, fraud, intrinsic benefit, career choice

11.

Information Spillovers and Performance Persistence for Hedge Funds

Published in the Journal of Financial Economics (JFE)
Number of pages: 51 Posted: 29 Aug 2008 Last Revised: 07 Dec 2011
Vincent Glode and Richard C. Green
University of Pennsylvania - The Wharton School and Carnegie Mellon University - David A. Tepper School of Business
Downloads 506 (121,161)
Citation 7

Abstract:

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Hedge Funds, Performance, Information Spillover

12.

Voluntary Disclosure in Bilateral Transactions

Journal of Economic Theory, Forthcoming
Number of pages: 56 Posted: 16 Nov 2016 Last Revised: 12 Feb 2018
Vincent Glode, Christian C. Opp and Xingtan Zhang
University of Pennsylvania - The Wharton School, University of Rochester - Simon Business School and Cheung Kong Graduate School of Business
Downloads 470 (132,428)
Citation 22

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Information Design, Disclosure, Market Power, Persuasion

13.

Arms Sales in Financial Markets

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 47 Posted: 30 Jun 2022 Last Revised: 26 Nov 2024
Vincent Glode and Xingtan Zhang
University of Pennsylvania - The Wharton School and Cheung Kong Graduate School of Business
Downloads 446 (141,074)

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JEL Codes: G20, G14, D82, D42

14.

Trading with Expert Dealers

Number of pages: 37 Posted: 29 Jul 2022 Last Revised: 21 Nov 2024
Maria Chaderina and Vincent Glode
University of Oregon - Lundquist College of Business and University of Pennsylvania - The Wharton School
Downloads 360 (179,746)

Abstract:

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OTC networks, financial intermediation, dealers, trading skills.

15.

Bargaining with Asymmetric Costs for Information

Number of pages: 32 Posted: 08 Jul 2011
Vincent Glode and Richard Lowery
University of Pennsylvania - The Wharton School and University of Texas-Austin
Downloads 334 (194,979)

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Bargaining, Information Acquisition, Adverse Selection

16.

On the Efficiency of Long Intermediation Chains

Journal of Financial Intermediation, Forthcoming
Number of pages: 30 Posted: 30 May 2016 Last Revised: 17 Oct 2017
Vincent Glode, Christian C. Opp and Xingtan Zhang
University of Pennsylvania - The Wharton School, University of Rochester - Simon Business School and Cheung Kong Graduate School of Business
Downloads 247 (267,273)
Citation 11

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Intermediation Chains, Asymmetric Information, OTC Trading Networks, Monopoly Power, Double Marginalization

17.
Downloads 227 (290,216)
Citation 4

To Pool or Not to Pool? Security Design in OTC Markets

Journal of Financial Economics (JFE), Forthcoming, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 36 Posted: 21 Nov 2016 Last Revised: 26 Jun 2022
Vincent Glode, Christian C. Opp and Ruslan Sverchkov
University of Pennsylvania - The Wharton School, University of Rochester - Simon Business School and University of Warwick - Warwick Business School
Downloads 204 (320,171)
Citation 4

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Pooling; Adverse selection; Imperfect competition; Decentralized markets

To Pool or Not to Pool? Security Design in OTC Markets

NBER Working Paper No. w27361
Number of pages: 41 Posted: 15 Jun 2020 Last Revised: 06 Apr 2023
Vincent Glode, Christian Opp and Ruslan Sverchkov
University of Pennsylvania - The Wharton School, University of Rochester and University of Warwick - Warwick Business School
Downloads 23 (1,153,666)

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18.

Can Decentralized Markets Be More Efficient?

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, Review of Financial Studies
Number of pages: 53 Posted: 11 Oct 2016 Last Revised: 28 Aug 2022
Vincent Glode and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Rochester - Simon Business School
Downloads 109 (541,885)
Citation 1

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19.

Adverse Selection and Intermediation Chains

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper, American Economic Review
Number of pages: 44 Posted: 06 May 2014 Last Revised: 28 Aug 2022
Vincent Glode and Christian C. Opp
University of Pennsylvania - The Wharton School and University of Rochester - Simon Business School
Downloads 80 (662,711)
Citation 3

Abstract:

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Intermediation Chains, Asymmetric Information, OTC Trading Networks, Order-Flow Agreements, Information Percolation