Finance
Green Houses: the Economic and Environmental Impact of Sustainable Living
Attention to the environment and sustainability has become a central theme in our daily lives, influencing various sectors, including construction. Green houses exemplify a classic "Tragedy of the Commons" problem, requiring public intervention to reduce negative externalities, primarily attributed to CO2 emissions. The issue stems from the poor quality of housing stock, built and maintained for decades without renovation, leading to associated energy inefficiency. Green house legislation directly intervenes by prescribing physical objectives, presenting itself as an alternative to taxation or ...
CFO and AI: an Evolution Starting from Afar
The Financial Times recently argued that the role of the Chief Financial Officer (CFO) is changing as a result of the increasing introduction of Artificial Intelligence in the enterprise, which enables the availability of analytical and predictive tools. It is hard to disagree: academic research supports with econometric models that the use of predictive analytics enables a productivity improvement amounting to about 3 percent of revenues for companies in the United States. But can we really say that the role of the CFO is suddenly changing because of algorithmic innovations? We believe not. ...