Corporate Finance in the Information Age
Business leaders don’t typically associate corporate finance with cutting-edge technology. The basics of accounting, after all, haven’t changed much since the introduction of double-entry bookkeeping more than half a millennium ago.
Despite the ubiquitous bandying about of the catchy “FinTech” portmanteau, many would be hard pressed to identify major changes in finance beyond cryptocurrencies and the flashy algorithms that drive decisions of many traders and portfolio managers. Corporate finance is typically viewed as slowly and steadily making journal entries and approving expense reports in the background.