Opinions

Foundational, legal, justificatory, cognitive, and constitutive: five types of fiction, i.e. statements that are knowingly false but accepted in order to achieve a good legal consequence

A study of on the reporting of risk by oil companies listed on 20 financial markets shows that voluntary disclosure of nonfinancial risks decreases with a high level of mandatory disclosure because companies no longer perceive it as beneficial. Regulators and market authorities are warned

A research paper investigates the relationship between startups and venture capitalists, showing that earnouts are lower when venture capital firms are involved

Investors are increasingly attracted to this new class of bonds whose supply, while rapidly increasing, is still low relative to demand. A study highlights the yield spread between traditional bonds and green bonds, concluding that the possibility of collecting resources at a discount does a double service to the entire system

The value of discounts collected via a promotional code is growing but the suspicion is that they are exploiting consumers' behavioral biases. An empirical study explains why and how

Monopsony power can negatively affect workers' wages as well as inflating inequalities in wage levels across firms and employees. For this reason, the widespread presence of noncompete clauses that reduce the occupational mobility of workers should come under the scrutiny of the Italian antitrust authority