Gilles Chemla

Imperial College Business School

South Kensington Campus

London SW7 2AZ, SW7 2AZ

United Kingdom

CNRS

CNRS

Dauphine Recherches en Management

Place du Marechal de Lattre de Tassigny

Paris, 75016

France

Centre for Economic Policy Research (CEPR)

Fellow

London

United Kingdom

  • Imperial College Business School

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SCHOLARLY PAPERS

25

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Top 6,171

in Total Papers Downloads

8,960

SSRN CITATIONS
Rank 4,185

SSRN RANKINGS

Top 4,185

in Total Papers Citations

140

CROSSREF CITATIONS

186

Scholarly Papers (25)

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1.

An Analysis of Shareholder Agreements

Downloads 2,817 ( 5,634)
Citation 30

An Analysis of Shareholder Agreements

NYU, Ctr for Law and Business Research Paper No. 02-01; RICAFE Working Paper No. 006
Number of pages: 35 Posted: 10 Feb 2002
Gilles Chemla, Alexander Ljungqvist, Alexander Ljungqvist and Michel A. Habib
Imperial College Business School, Centre for Economic Policy Research (CEPR)Stockholm School of Economics and University of Zurich
Downloads 2,338 (7,491)
Citation 18

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Shareholder Agreements, Put Options, Call Options, Pre-emption Rights, Catch-up Clauses, Drag-along Rights, Demand Rights, Tag-along Rights

An Analysis of Shareholder Agreements

NYU Working Paper No. S-CG-01-04
Number of pages: 34 Posted: 05 Nov 2008
Gilles Chemla, Michel A. Habib, Alexander Ljungqvist and Alexander Ljungqvist
Imperial College Business School, University of Zurich and Centre for Economic Policy Research (CEPR)Stockholm School of Economics
Downloads 313 (121,462)

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Shareholder Agreements, Put Options, Call Options, Pre-emption Rights, Catch-up Clauses, Drag-along Rights, Demand Rights, Tag-along Rights

An Analysis of Shareholder Agreements

NYU Working Paper No. FIN-01-066
Number of pages: 33 Posted: 03 Nov 2008
Gilles Chemla, Michel Gille, Alexander Ljungqvist and Alexander Ljungqvist
Imperial College Business School, affiliation not provided to SSRN and Centre for Economic Policy Research (CEPR)Stockholm School of Economics
Downloads 134 (267,874)

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Shareholder Agreements, Put Options, Call Options, Pre-emption Rights, Catch-up Clauses, Drag-along Rights, Demand Rights, Tag-along Rights

An Analysis of Shareholder Agreements

CEPR Discussion Paper No. 3457
Number of pages: 42 Posted: 30 Aug 2002
Gilles Chemla, Alexander Ljungqvist, Alexander Ljungqvist and Michel A. Habib
Imperial College Business School, Centre for Economic Policy Research (CEPR)Stockholm School of Economics and University of Zurich
Downloads 32 (577,768)
Citation 4
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Shareholder agreements, put options, call options, pre-emption rights, drag-along rights, demand rights, tag-along rights, catch-up clauses

2.

The Determinants of Investment in Private Equity and Venture Capital: Evidence from American and Canadian Pension Funds

Number of pages: 18 Posted: 17 Jun 2004
Gilles Chemla
Imperial College Business School
Downloads 2,005 (9,766)
Citation 14

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Pension fund, private equity, venture capital, assets, type, location, United States, Canada

3.

Learning Through Crowdfunding

Downloads 810 ( 38,044)
Citation 41

Learning Through Crowdfunding

Number of pages: 43 Posted: 16 Jun 2016 Last Revised: 14 Dec 2018
Gilles Chemla and Katrin Tinn
Imperial College Business School and McGill University - Desautels Faculty of Management
Downloads 810 (37,517)
Citation 53

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Reward-based crowdfunding, moral hazard, real options, learning, uncertainty, Kickstarter

Learning Through Crowdfunding

CEPR Discussion Paper No. DP11363
Number of pages: 43 Posted: 07 Jul 2016 Last Revised: 11 Dec 2017
Gilles Chemla and Katrin Tinn
Imperial College Business School and McGill University - Desautels Faculty of Management
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Kickstarter, learning, moral hazard, real options, Reward-based crowdfunding, uncertainty

4.

Corporate Venturing, Allocation of Talent, and Competition for Star Managers

Downloads 708 ( 45,689)
Citation 16

Corporate Venturing, Allocation of Talent, and Competition for Star Managers

Sauder School of Business, The University of British Columbia, Forthcoming
Number of pages: 40 Posted: 05 Dec 2003
Jean-Etienne de Bettignies and Gilles Chemla
Queen's University - Smith School of Business and Imperial College Business School
Downloads 681 (47,505)
Citation 17

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corporate venture capital, venture capital, failure, competition, entrepreneur, manager

Corporate Venture Capital: The Upside of Failure and Competition for Talent

Number of pages: 30 Posted: 03 Jan 2004
Jean-Etienne de Bettignies and Gilles Chemla
Queen's University - Smith School of Business and Imperial College Business School
Downloads 27 (609,858)
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5.

Dynamic Adverse Selection and Debt

(Universitat Pompeu Fabra Economics WP 196)
Number of pages: 34 Posted: 11 May 1997
Gilles Chemla and Antoine Faure-Grimaud
Imperial College Business School and London School of Economics
Downloads 431 (85,184)
Citation 3

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6.

Hedging and Vertical Integration in Electricity Markets

Downloads 425 ( 86,597)
Citation 4

Hedging and Vertical Integration in Electricity Markets

EFA 2009 Bergen Meetings Paper
Number of pages: 28 Posted: 19 Feb 2009 Last Revised: 02 Feb 2011
René Aïd, Gilles Chemla, Arnaud Porchet and Nizar Touzi
Université Paris-Dauphine, Imperial College Business School, Citibank, N.A. and Ecole Polytechnique, Paris
Downloads 422 (86,610)

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hedging, forward, wholesale spot price, retail, vertical integration

Hedging and Vertical Integration in Electricity Markets

CEPR Discussion Paper No. DP8313
Number of pages: 32 Posted: 18 Apr 2011
René Aïd, Gilles Chemla, Arnaud Porchet and Nizar Touzi
Université Paris-Dauphine, Imperial College Business School, Citibank, N.A. and Ecole Polytechnique, Paris
Downloads 3 (804,159)
Citation 1
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electricity markets, forward, hedging, producers, retailers, spot, vertical integration

7.

Skin in the Game and Moral Hazard

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 18 Aug 2011 Last Revised: 11 Jun 2013
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 344 (110,184)
Citation 25

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securitization, skin in the game, risk-sharing, moral hazard

8.

Hold-Up, Stakeholders, and Takeover Threats

Number of pages: 35 Posted: 20 Jul 2004
Gilles Chemla
Imperial College Business School
Downloads 261 (147,649)
Citation 5

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hold-up, stakeholders, entrepreneur, acquirer, takeovers, investment

9.

Government as Borrower of First Resort

Downloads 184 (205,209)
Citation 2

Government as Borrower of First Resort

Number of pages: 41 Posted: 06 Oct 2010 Last Revised: 16 Oct 2016
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 184 (205,166)

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safe assets, high-yield debt, speculator, uninformed investors, information, overheated debt markets

Government as Borrower of First Resort

CEPR Discussion Paper No. DP11362
Number of pages: 44 Posted: 07 Jul 2016
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
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asymmetric information, corporate debt markets, governmet debt, issuers, speculators, uninformed investors

10.

Does Familiarity Breed Alternative Investment? Evidence from Corporate Defined Benefit Pension Plans

Number of pages: 60 Posted: 20 Jul 2014 Last Revised: 16 Apr 2020
Christina Atanasova and Gilles Chemla
Simon Fraser University (SFU) and Imperial College Business School
Downloads 182 (207,207)
Citation 2

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pension plans, sponsor, R&D, L&B, alternative assets, private equity, real estate, tilt, information, spillover, familiarity

11.

How Wise Are Crowds on Crowdfunding Platforms?

Number of pages: 15 Posted: 09 Jan 2020
Gilles Chemla and Katrin Tinn
Imperial College Business School and McGill University - Desautels Faculty of Management
Downloads 178 (212,240)

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crowdfunding, backers, reward-based, securities-based, ICOs, informational cascades, wisdom of crowds

12.

Signaling, Instrumentation, and CFO Decision-Making

Number of pages: 42 Posted: 10 Mar 2020 Last Revised: 03 Jun 2021
Christopher Hennessy and Gilles Chemla
London Business School and Imperial College Business School
Downloads 156 (236,342)
Citation 1

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signal, selection, IV, fuzzy RDD, experiments, corporate finance, CFO, government policy

13.

Takeovers and the Dynamics of Information Flows

Downloads 156 (236,342)

Takeovers and the Dynamics of Information Flows

University of British Columbia Working Paper
Number of pages: 32 Posted: 10 Sep 2003
Gilles Chemla
Imperial College Business School
Downloads 135 (266,331)

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Takeovers, value, information, disclosure, buyer, price, trade credit

Takeovers and the Dynamics of Information Flows

Number of pages: 33 Posted: 29 Oct 2003
Gilles Chemla
Imperial College Business School
Downloads 21 (654,167)
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Takeovers, information, disclosure, buyer, price, value

14.

Rational Expectations and the Paradox of Policy-Relevant Natural Experiments

Number of pages: 41 Posted: 13 Nov 2015 Last Revised: 15 Apr 2020
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 107 (313,945)
Citation 11

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natural experiments, random assignment, econometrician, policy, endogeneity after-the-fact

15.

Subject Rational Expectations Will Contaminate Randomized Controlled Medical Trials

Downloads 59 (443,648)
Citation 1

Subject Rational Expectations Will Contaminate Randomized Controlled Medical Trials

Number of pages: 27 Posted: 25 Jun 2016 Last Revised: 19 May 2018
Gilles Chemla and Christopher Hennessy
Imperial College Business School and London Business School
Downloads 59 (450,141)
Citation 3

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double-blind randomized controlled trials, bayesian updating, treatment and control groups, drug, placebo

Subject Rational Expectations Will Contaminate Randomized Controlled Medical Trials

CEPR Discussion Paper No. DP11360
Number of pages: 27 Posted: 07 Jul 2016 Last Revised: 11 Dec 2017
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
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Bias, Rational Expectations, RCTs

16.

Equilibrium Executive Compensation

Number of pages: 47 Posted: 10 Jun 2021 Last Revised: 22 Jul 2021
Gilles Chemla, Alejandro Rivera and Liyan Shi
Imperial College Business School, University of Texas at Dallas - School of Management - Department of Finance & Managerial Economics and Einaudi Institute for Economics and Finance
Downloads 58 (447,287)

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Executive compensation, externalities, dynamic optimal contracts, short-termism, turnover.

17.

Equilibrium Counterfactuals

Downloads 36 (542,190)

Equilibrium Counterfactuals

Number of pages: 47 Posted: 23 Jul 2019 Last Revised: 19 Dec 2019
Gilles Chemla and Christopher Hennessy
Imperial College Business School and London Business School
Downloads 36 (554,684)

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counterfactuals, structural models, moments, policy, bias, algorithm

Equilibrium Counterfactuals

CEPR Discussion Paper No. DP14146
Number of pages: 50 Posted: 04 Dec 2019
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
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18.

Downstream Competition, Foreclosure, and Vertical Integration

Downloads 35 (547,458)
Citation 3

Downstream Competition, Foreclosure, and Vertical Integration

Number of pages: 34 Posted: 29 Jan 2001
Gilles Chemla
Imperial College Business School
Downloads 35 (560,350)
Citation 3
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Bargaining, Competition, Contracts, Foreclosure, Vertical Integration

Downstream Competition, Foreclosure, and Vertical Integration

Posted: 17 Sep 2003
Gilles Chemla
Imperial College Business School

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19.

Security Design: Signaling Versus Speculative Markets

CEPR Discussion Paper No. DP8336
Number of pages: 60 Posted: 18 Apr 2011
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 5 (755,411)
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issuer, pooling, security design, separating, speculator, type

20.

Privately Versus Publicly Optimal Skin in the Game: Optimal Mechanism and Security Design

CEPR Discussion Paper No. DP8403
Number of pages: 52 Posted: 26 May 2011
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 2 (780,360)
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adverse selection, originate to distribute, screening incentives, securitization, skin in the game, speculator, uninformed investors

21.

Signaling, Random Assignment, and Causal Effect Estimation

CEPR Discussion Paper No. DP15175
Number of pages: 34 Posted: 12 Sep 2020
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 1 (791,766)
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Causal effect, CEO, Corporate Finance, Government Policy, household finance, investment, random assignment, selection, signal

22.

The Paradox of Policy-Relevant Natural Experiments

CEPR Discussion Paper No. DP11361
Number of pages: 43 Posted: 07 Jul 2016 Last Revised: 11 Dec 2017
Gilles Chemla and Chris Hennessy
Imperial College Business School and London Business School
Downloads 0 (808,754)
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firms, government, investment, natural policy experiments, pollution, randomized controlled trials

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24.

Hold-Up, Industrial Relations and Takeover Threats

CEPR Discussion Paper No. 2021
Posted: 21 Apr 1999
Gilles Chemla
Imperial College Business School

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25.

Implicit Contracts, Optimal Union Power and Takeovers

Posted: 25 Jul 1998
Gilles Chemla
Imperial College Business School

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