Lawrence R. Glosten

S. Sloan Colt Professor of Banking and International Finance

Finance and Economics

AB, Occidental, 1973; MS, Northwestern, 1977; PhD, 1980

Joined CBS in 1989

Download Curriculum Vitae (PDF)

Lawrence Glosten

Office
422 Uris

Phone
212-854-2476

E-mail
lrg2@columbia.edu

Fax
212-316-9180

Teaching and research interest

Lawrence R. Glosten is the S. Sloan Colt Professor of Banking and International Finance at Columbia Business School. He is also co-director (with Merritt Fox and Ed Greene) of the Program in the Law and Economics of Capital Markets at Columbia Law School and Columbia Business School and is an adjunct faculty member at the Law School. He has been at Columbia since 1989, before which he taught at the Kellogg Graduate School of Management at Northwestern University, and has held visiting appointments at the University of Chicago and the University of Minnesota. He has published articles on the microstructure and industrial organization of securities markets; the relationship between venture capitalists and entrepreneurs; evaluating the performance of portfolio managers and asset pricing. His work on electronic exchanges in the Journal of Finance won a Smith Breeden Distinguished Paper Prize. He has served as an editor of the Review of Financial Studies, associate editor of the Journal of Finance and serves on several other editorial boards. He has been a consultant for the New York Stock Exchange, Justice Department, and SEC and has served on the NASDAQ Economic Advisory Board. He received his AB from Occidental College (1973) and his Ph.D. in managerial economics from Northwestern University (1980).

Journal articles

Short Selling and the News: A Preliminary Report on an Empirical Study In New York Law School Law Review (2010)
Author(s): Lawrence Glosten, Merritt Fox, Paul Tetlock

More Information Download (PDF)

Short Selling and the News: A Preliminary Report on an Empirical Study In New York Law School Law Review (2010)
Author(s): Merritt Fox, Lawrence Glosten, Paul Tetlock

More Information Download (PDF)

A Reconsideration of Tax Shield Valuation In European Financial Management (2005)
Author(s): Enrique Arzac, Lawrence Glosten

More Information Download (PDF)

Market Microstructure: A Survey of Microfoundations, Empirical Results, and Policy Implications In Journal of Financial Markets (2005)
Author(s): Lawrence Glosten, Bruno Biais, Chester Spatt

More Information Download (PDF)

Introductory Comments: Bloomfield and O'Hara, and Flood, Huisman, Koedijk, and Mahieu In Review of Financial Studies (1999)
Author(s): Lawrence Glosten

More Information

Is the Electronic Open-Limit Order Book Inevitable? In Journal of Finance (1994)
Author(s): Lawrence Glosten

More Information Download (PDF)

A Contingent Claim Approach to Performance Evaluation In Journal of Empirical Finance (1994)
Author(s): Lawrence Glosten, Ravi Jaganathan

More Information Download (PDF)

On the Relation Between the Expected Value and the Volatility of the Nominal Excess Return on Stocks In Journal of Finance (1993)
Author(s): Lawrence Glosten, Ravi Jaganathan, David E. Runkle

More Information Download (PDF)

Challenges to Theory Development in Entrepreneurship Research In Journal of Management Studies (1993)
Author(s): Lawrence Glosten, Raphael Amit

More Information Download (PDF)

Entrepreneurial Ability, Venture Investments, and Risk Sharing In Management Science (1990)
Author(s): Lawrence Glosten, Raphael Amit, Eitan Muller

More Information Download (PDF)

Economic Significance of Predictable Variations in Stock Index Returns In Journal of Finance (1989)
Author(s): William Breen, Lawrence Glosten, Ravi Jaganathan

More Information Download (PDF)

Insider Trading, Liquidity, and the Role of the Monopolist Specialist In Journal of Business (1989)
Author(s): Lawrence Glosten

More Information Download (PDF)

Estimating the Components of the Bid/Ask Spread In Journal of Financial Economics (1988)
Author(s): Lawrence Glosten, Lawrence Harris

More Information Download (PDF)

Components of the Bid-Ask Spread and the Statistical Properties of Transaction Prices In Journal of Finance (1987)
Author(s): Lawrence Glosten

More Information Download (PDF)

Bid, Ask, and Transaction Prices in a Specialist Market with Heterogeneously Informed Traders In Journal of Financial Economics (1985)
Author(s): Lawrence Glosten, Paul Milgrom

More Information Download (PDF)

CaseWorks

Sedona: The End of a PIPE Dream: Spring 2013
Author(s): Lawrence R. Glosten

More Information

Working Papers

Flickering Quotes (2013)
Author(s): Shmuel Baruch, Lawrence Glosten

More Information Download (PDF)

Welfare cost of informed trade Working paper (2010)
Author(s): Lawrence Glosten

More Information Download (PDF)