Francesco Grossetti

Hello! I am an Assistant Professor of Accounting Analytics and Data Science. I received a BSc. in Physics and an MSc. in Astrophysics and Space Physics from Università degli Studi di Milano-Bicocca. I obtained my PhD in Applied and Computational Statistics from Politecnico di Milano within the MOX Laboratory of the Mathematics Department. Before becoming a faculty member of the Accounting Department, I have been a Postdoctoral Fellow at the same department. I published in several accounting and machine learning journals such as the Review of Accounting Studies, Journal of Accounting and Public Policy, and Journal of Machine Learning Research. I have also served as a reviewer for the following journals: Journal of Accounting and Public Policy, Journal of Business, Finance, and Accounting, Finance Research Letters, and Health Care Management Science. I consider myself an active developer of open-source tools.

Assistant Professor
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About

Beyond research, I enjoy music and photography. I love to watch documentaries and love everything that is sci-fi and tech. In particular, I like to discover new software that is both open-source and useful. Last, space has always been my passion and I try to keep myself up-to-date with the latest news from the outer worlds.

Research interests

My research uses computational and statistical methods to study corporate behavior and investors’ perceptions. I use Natural Language Processing and Machine Learning to analyze and predict the impact of financial and non-financial disclosures on key financial performance. I investigate the economic implications of Blockchain and other Distributed Ledger Systems, exploring their potential to transform accounting practices. Finally, I also implement time-to-event models and and study their stochastic properties to understand the dynamic process that generates observable accounting information. 

Research Grants

  • CIVICA Research Grant. EXECML --- Using Machine Learning to Uncover Subjective Incentives in Executive Compensation, with IE University and Stockholm School of Economics. Total amount: 35,000 € (June 2024 - May 2026).
  • CIVICA Faculty Short Visits Program. Optimal Benchmarking for Mutual Fund Performance Evaluation with Natural Language Processing, IE University, Madrid, Spain (March 2024).
  • Bocconi Senior Researchers' Grants - Co-P.I. Multi-modal Communication in Corporate Reporting: Combining Words and Images in Corporate Disclosure. 9,000 € (November 2020 - November 2021)
  • Bocconi Junior Researchers' Grants - P.I. edgartools: an Open Source Library to Efficiently Collect Financial Filings from SEC EDGAR Database. 8,000 € (May 2019 - May 2020).
     
Working papers
Miles Gietzmann, Francesco Grossetti, Craig Lewis
Investor Distraction and Multi-Dimensional Financial Narrative
(under 3rd round review at the Review of Accounting Studies)
Carly Burd, Elisa Casi, Francesco Grossetti, Petro Lisowsky
(Under Review)
Carlo D'Augusta, Antonio De Vito, Francesco Grossetti
Tax-induced Share Repurchases and Corporate Investment During Crisis
(Preparing for submission)
J.P. Gomez, F. Grossetti, M. Ivanova, K. Valogianni
Quantifying Subjective Incentives in Executive Compensation Disclosures: Evidence from DEF14A Filings
(Data collection complete. Preliminary analysis initiated)
Antonio De Vito, Francesco Grossetti, Salvatore Mastrullo, Noemi Pecoraro
Three Decades of Tax Avoidance Research: The Role of Networks and Communities in Shaping the Field
(Empirical analyses completed. Draft in preparation)
Selected Publications