Schools
INSEAD Business School
McDonough School of Business

Biography

INSEAD Business School

Gilles Hilary has been a faculty at INSEAD since 2010. Before joining INSEAD, he worked in Asia, in Europe and in the USA. He has taught in different capacity at institutions such as INSEAD, Northwestern University, the University of Chicago, HEC Paris, HKUST, or Tsinghua University. He regularly teaches courses on corporate governance, risk management, financial analysis, decision making processes and behavioral finance.

He is a founding member of Cercle-K2, a French think-tank on risk management. His research has been profiled in publications such as the Financial Times, Le Monde, Handelsblatt, BloombergBusinessweek, Yomjuri Shimbun / Japan News, The Hindu, among many others. It has been published in leading academic journals such as The Journal of Finance or Management Science. He regularly presents his research at places such as Harvard University, Yale University, Beijing University, or the Massachusetts Institute of Technology.

He has received multiple teaching and research awards such as the Deans’ Commendation for Excellence in MBA Teaching (INSEAD), the Franklin Prize for Teaching Excellence (HKUST) or the Prix Syntec (French Consulting Association award for best academic research). He holds a PhD from the University of Chicago and a French professional accounting degree (DESCF).

McDonough School of Business
Professor Houston Term Professor; Accounting Area Coordinator

Gilles Hilary joined the McDonough School of Business as the Houston Term Professor in Fall 2016. Previous to Georgetown he has taught at INSEAD, Northwestern University, the University of Chicago, HEC Paris, HKUST and Tsinghua University. He regularly teaches courses on corporate governance, risk management, financial analysis, decision making processes, and behavioral finance. He is a founding member of Cercle-K2, a French think-tank on risk management and in 2016 was appointed Research Fellow (Chercheur Associe) at the French Military Police Academy (CREOGN). His research has been profiled in publications such as the Financial Times, Le Monde, Handelsblatt, Bloomberg Businessweek, Yomiuri Shimbun / Japan News, The Hindu, among many others. His research has been published in leading academic journals such as The Journal of Finance and Management Science. He is also the Senior Fellow of Asian Bureau of Finance and Economic Research. He has received multiple teaching and research awards such as the Deans’ Commendation for Excellence in MBA Teaching (INSEAD), the Franklin Prize for Teaching Excellence (HKUST), and the Prix Syntec (French Consulting Association award for best academic research). He holds a PhD from the University of Chicago and a French professional accounting degree (DESCF).

Education

  • University of Chicago - Ph.D., Economics
  • ESC Clermont - M.A., Management
  • Cornell University - M.B.A., Finance & Accounting

Publications

Sterling Huang and Gilles Hilary. "Zombie Board: Board Tenure and Firm Performance.." The Journal of Accounting Research, Conditionally accepted (2018)

Gilles Hilary, Charles Hsu, Benjamin Segal and Rencheng Wang. "The Bright Side of Managerial Over-optimism." Journal of Accounting and Economics, 62, 1 (2016): 46-64.

Gilles Hilary, Charles Hsu and Rencheng Wang. "Management Forecast Consistency." The Journal of Accounting Research, 52, 1 (2014): 163-191.

Gilles Hilary and Charles Hsu. "Analyst Forecasts Consistency." The Journal of Finance, 68, 1 (2013): 271-297.

Gilles Hilary and Rui Shen. "The Role of Analysts in Intra-industry Information Transfer." The Accounting Review, 88, 4 (2013): 1265-1287.

Gilles Hilary, Ling Cen and K.C. John Wei. "The Role of Anchoring Bias in the Equity Market: Evidence from Analysts' Earnings Forecasts and Stock Returns." Journal of Financial and Quantitative Analysis, 48 (2013): 47-76.

Gilles Hilary and Charles Hsu. "Endogenous Overconfidence in Managerial Forecasts." Journal of Accounting and Economics, 51 (2011): 300-313.

Gilles Hilary, Yuk Ying Chang and Sudipto Dasgupta. "CEO Ability, Pay, and Firm Performance." Management Science, 56, 10 (2010): 1633-1652.

Gilles Hilary and KaiWai Hui. "Does Religion Matter in Corporate Decision Making in America?." Journal of Financial Economics, 93 (2009): 455-473.

Gilles Hilary, Gary Biddle and Rodrigo Verdi. "How Does Financial Reporting Quality Relate to Investment Efficiency?." Journal of Accounting and Economics, 48 (2009): 112-131.

Gilles Hilary, Xin Chang and Sudipto Dasgupta. "The Effect of Auditor Choice on Financing Decisions." The Accounting Review, 84, 4 (2009): 1085-1117.

Gilles Hilary and Gary Biddle. "Accounting Quality and Firm-level Capital Investment." The Accounting Review, 81, 5 (2006): 963-982.

Gilles Hilary, Xin Chang and Sudipto Dasgupta. "Analysts' Coverage and Financing Decisions." The Journal of Finance, 61, 6 (2006): 3009-3048.

Gilles Hilary and Lior Menzly. "Does Past Success Lead Analysts to Become Overconfident?." Management Science, 52, 4 (2006): 489-500.

Gilles Hilary. "Organized Labor and Information Asymmetry in Financial Markets." Review of Accounting Studies, 11, 4 (2006): 525-548.

Gilles Hilary and Clive Lennox. "The Credibility of Self-regulation: Evidence from the Accounting Profession’s Peer Review Program." Journal of Accounting and Economics, 40 (2005): 211-229.

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