Gabriel Hawawini


Gabriel Hawawini is an Emeritus Professor of Finance at INSEAD business school where he held the Henry Grunfeld Chair in Investment Banking from 1996 to 2013 and served as dean from 2000 to 2006, spearheading the institution’s global expansion from its original campus in France into Asia and the Middle East.

Early life and career

After graduating from the University of Toulouse in 1972 with a master's degree in chemical engineering, he received a Fulbright Scholarship to study economics and finance at New York University where he was awarded a PhD in 1977 and appointed to the faculty of NYU Stern School of Business as an Assistant Professor of Finance. In 1980 he moved to Baruch College of the City University of New York as an Associate Professor before joining INSEAD in 1982 as a Full Professor. At INSEAD he first chaired and built up the Finance Area then directed the institution’s Euro-Asia Center where he developed the school’s executive education activities in Asia. In 1998 he led INSEAD’s development campaign, launched in 1995, that raised over €100 million by early 2000. In August of that year he was appointed dean of INSEAD. During his tenure he led the institute’s global expansion with the opening of campuses in Singapore and Abu Dhabi, launched the INSEAD Executive MBA Program, and led INSEAD’s second development campaign that raised €120 million. His publications are in the areas of risk estimation and valuation in financial markets, the theory of the firm under uncertainty, the process of business value creation, and the internationalization of higher education institutions.

Selected publications

‘Finance for Executives: Managing for Value Creation’, sixth edition, Cengage

'The Internationalization of Higher Education and Business Schools: A Critical Review’, Springer

‘The Future of Business Schools’, Journal of Management Development

‘The Home Country in the Age of Globalization: How Much Does it Matter for Firm Performance?’, Journal of World Business

‘Is Performance Driven by Industry- or Firm-Specific Factors? A New Look at the Evidence’, Strategic Management Journal

‘Seasonality in the Risk-Return Relationship: Some International Evidence’, Journal of Finance

‘Friction in the Trading Process and the Estimation of Systematic Risk’, Journal of Financial Economics

‘A Mean-Standard Deviation Exposition of the Theory of the Firm Under Uncertainty’, American Economic Review

Academic board and advisory positions

, 2013present

University of the People, 20132019

Carnegie Mellon University in Qatar, 2010present

The American University in Cairo, 2006present

MIT Corporation: Member of the Visiting Committee for the Sloan School of Management, 20102019

Unnivers, 2013–2019

University of the People, 2020present

Sasin Graduate Institute at Chulalongkorn University, 20102015

The American University of Beirut, 20062014

The Fletcher School of Law and Diplomacy, 20062012

Chairman of the EQUIS Accreditation Awarding Body, 20042011

The European Foundation for Management Development, 20042006

The Indian School of Business, 20022006

The Athens Laboratory of Business Administration, 20012006

Corporate board and advisory positions

Momentum Invest, 2017present

, 2015present

AlphaOne Partners LLP, 20142017

S&B Industrial Minerals, S.A., 20112013

Rémy Cointreau, 20062015

Vivendi, 20032010

Accenture, 20022006

Cerestar, 20012003

Mastrad, 19982003

Honors and awards

The French Legion of Honor

Doctorate Honoris Causa awarded by The University of Liège

Doctorate Honoris Causa awarded by The Art Center College of Design

Doctorate Honoris Causa awarded by The American University in Cairo

The Chief Executive Leadership Award presented by The Council for Advancement and Support of Education
The Fulbright Award for Global Business Education

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Honorary Lifetime Member of the European Foundation for Management Development

Baruch College Presidential Award for Distinguished Faculty Scholarship

Helen Kardon Moss Anvil Award for Excellence in Teaching awarded to the best teacher of the year at The Wharton School of the University of Pennsylvania

Citations