Welcome! I am currently employed as a Postdoc in the Department of Finance at the University of Zürich. I am a Visiting Fellow at the Grantham Research Institute (LSE). My research focuses on questions related to empirical asset pricing and the environment.
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Email: glen.gostlow [at] df.uzh.ch
I am on the 2025/2026 academic job market.
Job Market Paper:
Geography and Asset Prices: Evidence from Ecological Regions
This paper studies whether natural geography matters for asset prices using ecological regions (ecoregions) — persistent boundaries where the type and quality of environmental resources are similar. Firms within the same ecoregion comove in fundamentals and stock returns beyond city, industry, and firm effects. Returns also diffuse slowly. A ‘nature-momentum’ strategy generates a risk-adjusted annualized alpha of 11.3%. An exogenous shock using hurricane tracks illustrates how ecological functions rationalize this evidence. The results imply that nature has economically meaningful boundaries, much like cities and industries, suggesting a new geographic dimension to asset pricing.