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Assistant Professor
Department of Accounting

Courses a.y. 2019/2020


Courses previous a.y.

Biographical note

Sep. 2018 - Present Assistant Professor at Accounting Department - Bocconi University.

Feb. 2017 - Aug. 2018. Postdoctoral Fellow with Grant at Accounting Department - Bocconi University.

Nov. 2013 - Jan. 2017. PhD Student in Applied and Computational Statistics at Modeling and Scientific Computing Lab (MOX) - Mathematics Department - Politecnico di Milano.

Sep. 2011 - Oct. 2013. Research Fellow with Grant at Management, Economics and Industrial Engineering - Politecnico di Milano.

Nov. 2010. MSc in Astrophysics and Space Physics - University of Milano-Bicocca.

Academic CV


  • 2020/03: Research Seminar Series at Portsmouth Business School (UK) - Invited research talk.
  • 2019/08: American Accounting Association Annual Meeting (San Francisco, USA) - Invited panelist in Machine Learning: corporate reporting insights.
  • 2019/07: Intelligent Information Retrieval in Accounting and Finance (Beijing, China) - When Less Is Not Necessarily More: Loosing Meaning with Dedicated Dictionaries.
  • 2018/05: Annual Congress of European Accounting Association (Milan, Italy) - Equity Analyst Responsiveness to the Tone in MD&A Filings.
  • 2017/11: Talent Workshop - EAA Job Market for Accounting Academics (Madrid, Spain) - Using Machine Learning and Survival Analysis to Estimate Analysts Speed to Incorporate Tone from MD&A Filings.
  • 2016/06: 48th Scientific Meeting of the Italian Statistical Society (Salerno, Italy) - A multi-state approach to patients affected by chronic heart failure: the value added by administrative data.
  • 2016/03: 8th IMA Conference on Quantitative Modeling in the Management of Health and Social Care (London, UK) - A multi-state approach to patients affected by chronic heart failure: the value added by administrative data.
  • 2015/04: StaTalks (Milan, Italy) Intensive Statistical Computing with R.

Research Grants

  • 2019: Bocconi Junior Researchers' Grants - from May 2019 to May 2020.

Public Software

  • OpTop Optimal Topics Detection [hosted on Github]: R package which implements a set of statistical tools to detect and evaluate the optimal number of topics out of a Latent Dirichelet Allocation (LDA) model in the context of Natural Language Processing. This is a huge advantage since it provides a goodness of fit tool in the context of semi-supervised method such the LDA. This also protects from researcher own judgment when selecting topics.
  • msmtools Multi-State Models Tools [hosted on Github and available at official R repository CRAN]: R package which implements a fast and efficient algorithm to restructure classical longitudinal database into an augmented format. This increments the amount of information out of data and facilitates the modeling through the companion package msm.
  • statutils Statistical Utilities [hosted on Github]: R package which gathers several statistical utilities devoted both to data wrangling/management and modeling. In particular, it implements an automatic model selection procedure for linear models which enables to choose only high order effects. It also comes with a tool to reduce a dataset once it has been imputed through the mice package.

Scientific Affiliations

  • BIDSA Affiliate: Bocconi Institute for Data Science and Analytics (website here).
  • SIS: Società Italiana di Statistica.
  • AAA: American Accounting Association.
  • EAA: European Accounting Association.

Research areas

My research areas cover the fields of Accounting and Finance as well as Marketing and Management. I am involved in several research projects in which I am in charge of the development of all the computational and statistical methodology. My main research topics are:


  • Natural Language Processing methods to study the language of corporate reports and communications. Among others, the most relevant methods include the computation of verbal tone, topic modelling, entity recognition and word embedding.
  • Artificial Intelligence and Computer Vision algorithms devoted to object detection and recognition in 2D images. The main field of application is real-time fashion industry.
  • Multi-state models, survival analysis, and stochastic processes.
  • Development of efficient algorithms to process large in-memory data and to reduce computational time.
  • Economic and business impact of blockchain technology. Distributed consensus protocols and smart contract implementation.




Published Papers

  • S. Scalvini, F. Grossetti, A.M. Paganoni, M.T. La Rovere, R. Pedretti, M. Frigerio (2019): Impact of in-hospital Cardiac Rehabilitation on Mortality and Readmissions in Heart Failure: A Population Study in Lombardy, Italy, from 2005 to 2012 - European Journal of Preventive Cardiology. DOI: 10.1177/2047487319833512.
  • F. Grossetti, F. Ieva, A.M. Paganoni (2017): A multistate approach to hospital readmissions of patients affected by chronic heart failure: the value added by administrative data - Health Care Management Science. DOI: 10.1007/s10729-017-9400-z.
  • B. Gialanella, F. Grossetti, M. Mazza, L. Danna, L. Comini; (2017): Functional recovery after rotator cuff repair for full thickness tear: the role of biceps surgery - Journal of Sport Rehabilitation. DOI: 10.1123/jsr.2015-0055.
  • M. Vitacca, M. Paneroni, F. Grossetti, N. Ambrosino (2016): Is there any additional effect of tele-assistance on long term care programs in hypercapnic COPD patients? - Journal of Chronic Obstructive Pulmonary Disease. DOI: 10.3109/15412555.2016.1147542.
  • G. Gavazzi, M. Fumagalli, M. Fossati, V. Galardo, F. Grossetti, A. Boselli, R. Giovanelli, M.P. Haynes (2013): Hα3: an Hα imaging survey of HI selected galaxies from ALFALFA. II. Star formation properties of galaxies in the Virgo cluster and surroundings - Astronomy & Astrophysics.
  • G. Gavazzi, M. Fumagalli, V. Galardo, F. Grossetti, A. Boselli, R. Giovanelli, M.P. Haynes, and S. Fabello (2012): Hα3: an Hα imaging survey of HI selected galaxies from ALFALFA. I. Catalogue in the Local Supercluster - Astronomy & Astrophysics.

Submitted Papers

  • C. Lewis and F. Grossetti: A Statistical Approach for Optimal Topic Model Identification.
  • M. Gietzmann, F. Grossetti, C. Lewis, G. Pündrich: When Less Is Not Necessarily More: Losing Meaning With Dedicated Dictionaries.
  • E. Pasini, L. Comini, F.S. Dioguardi, F. Grossetti, A. Olivares, R. Aquilani, S. Scalvini: Hypoalbuminemia as a Marker of Protein Metabolism Disarrangement in Patients with Stable Chronic Hear Failure.

Working Papers

  • F. Grossetti and C. Lewis: OpTop: an R Package to Detect the Optimal Number of Topics.
  • Bogachek, O. and F. Grossetti: On the Non-Linear Value Relevance of Tone Measures.
  • O. Bogachek, M. Gietzmann, F. Grossetti: Is CEO Communication Fraud-Driven? Fraud Exposure as the Determinant of Language Choice in Codes of Conduct.
  • M. Gietzmann, F. Grossetti, C. Lewis, G. Pündrich: Equity analyst responsiveness to the tone in MD&A filings.