User profiles for G. Chemla

Gilles Chemla

Imperial College, CNRS, and CEPR
Verified email at imperial.ac.uk
Cited by 1146

Learning through crowdfunding

G Chemla, K Tinn - Management Science, 2020 - pubsonline.informs.org
We develop a model in which reward-based crowdfunding enables firms to obtain a reliable
proof of concept early in their production cycle: they learn about total demand from a limited …

An analysis of shareholder agreements

G Chemla, MA Habib… - Journal of the European …, 2007 - academic.oup.com
Shareholder agreements govern the relations among shareholders in privately held firms,
such as joint ventures and venture capital-backed companies. We provide an economic …

Skin in the game and moral hazard

G Chemla, CA Hennessy - The Journal of Finance, 2014 - Wiley Online Library
What determines securitization levels, and should they be regulated? To address these
questions we develop a model where originators can exert unobservable effort to increase …

Hedging and vertical integration in electricity markets

R Aïd, G Chemla, A Porchet, N Touzi - Management Science, 2011 - pubsonline.informs.org
… a bargaining tool with vertically related segments (Chemla 2003). On vertical integration, …
We can then substitute w∗ and G∗ for variables w and G, and we define the payoff to … k qfk + g

Corporate venturing, allocation of talent, and competition for star managers

JE De Bettignies, G Chemla - Management science, 2008 - pubsonline.informs.org
We provide new rationales for corporate venturing, based on competition for talented managers.
As returns to venturing increase, firms engage in corporate venturing for reasons other …

Downstream competition, foreclosure, and vertical integration

G Chemla - Journal of Economics & Management Strategy, 2003 - Wiley Online Library
This paper analyzes the effect of competition among downstream firms on an upstream
firm's payoff and on its incentive to integrate vertically when firms in both segments negotiate …

Experimental analysis of the dynamic characteristics of a hybrid aerostatic bearing

…, M Arghir, O Bonneau, S Guingo, G Chemla… - 2012 - asmedigitalcollection.asme.org
The dynamic characteristics of a hybrid aerostatic bearing are experimentally investigated
on a test rig consisting of a rigid rotor driven by an impulse turbine. The rotor is horizontally …

Hold-up, stakeholders and takeover threats

G Chemla - Journal of Financial Intermediation, 2005 - Elsevier
We analyze the impact of takeover threats on long-term relationships between the target
owners and other stakeholders. In the absence of takeovers, stakeholders' bargaining power …

Dynamic adverse selection and debt

G Chemla, A Faure-Grimaud - European Economic Review, 2001 - Elsevier
In many long-term relationships, parties may be reluctant to reveal their private information
in order to benefit from their informational advantage in the future. We point out that the …

The determinants of investment in private equity and venture capital: evidence from American and Canadian pension funds

G Chemla - Available at SSRN 556421, 2005 - papers.ssrn.com
This paper provides a comparative analysis of pension plan allocations to private equity
and to venture capital in the United States and in Canada. Although the assets of American …