Using the Duke Survey data on firms' internal plans, we show that over 80% of Chief Financial Officer (CFO) forecasts align closely with simple heuristics taught in MBA textbooks.

We hypothesize that individuals learn about their investment ability based on realized gains and losses rather than overall portfolio performance.

Controlled firms represent the dominant ownership structure globally, yet their environmental impact remains unclear. We test this for 3,769 firms from 35 countries using actual carbon emissions data and an environmental preference measure built using retrieval-augmented large language models.

Governments routinely buy jobs: bailouts, privatizations and merger approvals all come with employment pledges attached. Combining contractual data on more than 18,000 employment commitments...

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Matthias Rodemeier, Assistant Professor of Finance at Bocconi University, has been awarded a €1.5 million ERC Starting Grant from the European Research Council for his project "Ma