Gilles is a Professor of Finance at Imperial College Business School, a research fellow at Centre National de la Recherche Scientifique, a research fellow at Centre for Economic Policy Research (CEPR), a programme director at CEPREMAP (a French equivalent to CEPR), and a member of the American Finance Association, American Economic Association, Western Finance Association, and European Finance Association. He has also worked in corporate finance at BNP Paribas, as an independent consultant for a variety of corporate, financial, and governmental institutions and professional and international organisations, and as an Assistant Professor of Finance at the Sauder School of Business, University of British Columbia. Gilles holds a PhD in economics from the London School of Economics, an MSc in economics from the Paris School of Economics, and he is a graduate engineer from the Ecole Nationale des Ponts et Chaussées
Gilles' research interests include corporate finance, corporate governance, mergers and acquisitions, private equity and venture capital, capital budgeting, capital structure, corporate risk management, energy markets, security design and securitization, debt markets, asset allocation, pension funds, fintech, financial regulation and policymaking, mathematical modelling and data science in finance, economics, and medicine. Gilles' research has been published in several top journals, and has been presented at multiple institutions including Harvard, MIT, Stanford, Berkeley, Princeton, UCLA, Columbia, LBS, LSE, Oxford, Cambridge, and Insead.
Gilles' most recent articles examine
1. Reasons that explain reward-based crowdfunding and crowdfunding mechanisms
Chemla, G., and K. Tinn, 2018, "Learning through Crowdfunding", Management Science, third round.
2. Challenges faced by randomized experiments and structural estimation in overcoming bias due to subject expectations when these techniques are used in policymaking and in testing new medical treatments:
Chemla, G., and C. Hennessy, 2018, "Rational Expectations and the Paradox of Policy-Relevant Experiments", Journal of Monetary Economics, second round.
Chemla, G., and C. Hennessy, 2018, "Subject Bayesian Expectancy Will Contaminates Double Blind, Randomized Medical Trials", mimeo.
Chemla, G., and C. Hennessy, 2018, "Equilibrium Counterfactuals in Structural Models".
3. The determinants and value implications of pension fund investment in alternative assets.
Atanasova, C., and G. Chemla, 2018, "Familiarity Breeds Alternative Investment: Evidence from Corporate Defined-Benefit Pension Plans", mimeo.
4. The real effects of mergers and acquisitions, corporate governance arrangements, private equity and venture capital, mandated retention in ABS markets, and debt market overheating and the role of the government as borrower of first resort.
Gilles has had several advisory or other non-executive director roles, and he has interacted with a large number of corporations, financial institutions, regulators, policy-makers, and international organizatons. He is also an accomplished teacher who has lectured a wide variety of degree and executive education courses and obtained several teaching prizes.
Chemla G, Hennessy CA, 2016, Government as borrower of first resort, Journal of Monetary Economics, Vol:84, ISSN:0304-3932, Pages:1-16
Chemla G, Hennessy CA, 2014, Skin in the Game and Moral Hazard, Journal of Finance, Vol:69, ISSN:0022-1082, Pages:1597-1641
et al., 2011, Hedging and Vertical Integration in Electricity Markets, Management Science, Vol:57, ISSN:0025-1909, Pages:1438-1452
de Bettignies J-E, Chemla G, 2008, Corporate venturing, allocation of talent, and competition for star managers, Management Science, Vol:54, ISSN:0025-1909, Pages:505-521