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

The empirical connection between financial leverage and equity risk premia is surprisingly weak. We link limited financial flexibility to levered risk premia with a quantitative model of firm dynamics

Lautaro's research lies at the intersection of financial economics, macroeconomics, and industrial organization, with a focus on firm dynamics and policy-relevant questions.