Podcast
Questions and Answers
What is the primary goal of corporate governance?
What is the primary goal of corporate governance?
- Minimizing environmental impact regardless of profitability
- Increasing executive compensation
- Avoiding all risk
- Maximizing shareholder wealth while considering the interests of other stakeholders (correct)
Which of the following is a key responsibility of the board of directors?
Which of the following is a key responsibility of the board of directors?
- Handling routine accounting tasks
- Daily management of the company
- Directly supervising all employees
- Setting the strategic direction and overseeing management (correct)
What does the term 'agency problem' refer to in corporate governance?
What does the term 'agency problem' refer to in corporate governance?
- The lack of government regulation
- The challenges of international expansion
- The conflict of interest between shareholders and managers (correct)
- The difficulty in finding qualified employees
Which mechanism is used to mitigate agency problems?
Which mechanism is used to mitigate agency problems?
What is the purpose of an audit committee?
What is the purpose of an audit committee?
Which of the following is a typical right of shareholders?
Which of the following is a typical right of shareholders?
What does 'corporate social responsibility' (CSR) involve?
What does 'corporate social responsibility' (CSR) involve?
What is an example of a stakeholder other than shareholders?
What is an example of a stakeholder other than shareholders?
What is the role of regulatory bodies in corporate governance?
What is the role of regulatory bodies in corporate governance?
What is meant by 'transparency' in corporate governance?
What is meant by 'transparency' in corporate governance?
Which of the following is commonly a feature of good corporate governance?
Which of the following is commonly a feature of good corporate governance?
What is a potential consequence of poor corporate governance?
What is a potential consequence of poor corporate governance?
What is the purpose of a code of ethics within a corporation?
What is the purpose of a code of ethics within a corporation?
Which of the following is a benefit of strong corporate governance?
Which of the following is a benefit of strong corporate governance?
What is the meaning of 'fiduciary duty' in corporate governance?
What is the meaning of 'fiduciary duty' in corporate governance?
Which area does corporate governance primarily address?
Which area does corporate governance primarily address?
What is the function of an internal audit?
What is the function of an internal audit?
Why is board diversity important in corporate governance?
Why is board diversity important in corporate governance?
What is the Sarbanes-Oxley Act primarily concerned with?
What is the Sarbanes-Oxley Act primarily concerned with?
What's the main goal of having whistleblower protection policies?
What's the main goal of having whistleblower protection policies?
Flashcards
Rationality
Rationality
The principle that individuals act to maximize their utility.
Economics
Economics
The study of how society manages its scarce resources.
Opportunity Cost
Opportunity Cost
What you give up to obtain one item over another.
Marginal Changes
Marginal Changes
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Incentive
Incentive
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Market Power
Market Power
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Externality
Externality
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Productivity
Productivity
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Inflation
Inflation
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Business Cycle
Business Cycle
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Study Notes
- The document discusses various aspects of qualitative research methods, including their theoretical frameworks, data collection techniques, and data analysis approaches.
Theoretical Frameworks in Qualitative Research
- Qualitative research is underpinned by various theoretical frameworks that guide the research process and interpretation of data.
- Common frameworks include:
- Phenomenology: Focuses on understanding the lived experiences of individuals.
- Grounded Theory: Aims to develop theories from systematic analysis of empirical data.
- Ethnography: Involves immersing oneself in a culture or group to understand its practices and beliefs.
- Case Study: An in-depth analysis of a single case or multiple cases within a real-world context.
- Critical Theory: Seeks to critique and transform social structures and power relations.
Data Collection Techniques
- Qualitative research employs diverse methods to gather rich, detailed data.
- Key techniques include:
- Interviews:
- Structured interviews use predetermined questions.
- Semi-structured interviews allow for flexibility and probing.
- Unstructured interviews are conversational and exploratory.
- Focus Groups: Group discussions to explore perspectives on a specific topic.
- Observations:
- Participant observation involves the researcher actively participating in the setting.
- Non-participant observation entails observing without direct involvement.
- Document Analysis: Examining written or visual materials to uncover patterns and meanings.
- Audiovisual Materials: Use of photographs, videos, and audio recordings to capture data.
- Interviews:
Data Analysis Approaches
- Analyzing qualitative data involves interpreting and making sense of textual or visual information.
- Common approaches are:
- Thematic Analysis: Identifying recurring themes or patterns in the data.
- Content Analysis: Systematically categorizing and quantifying content in communication.
- Narrative Analysis: Examining stories and personal accounts to understand experiences.
- Discourse Analysis: Analyzing language and communication to reveal social and political contexts.
Rigor and Validity in Qualitative Research
- Ensuring the credibility and trustworthiness of qualitative research is crucial.
- Strategies to enhance rigor include:
- Triangulation: Using multiple data sources or methods to corroborate findings.
- Member Checking: Validating interpretations with participants.
- Reflexivity: Acknowledging and addressing the researcher's biases.
- Audit Trail: Documenting the research process for transparency.
- Peer Debriefing: Seeking feedback from other researchers.
Ethical Considerations
- Qualitative research raises ethical concerns that need careful attention.
- Key considerations include:
- Informed Consent: Ensuring participants understand the purpose and risks of the study.
- Confidentiality: Protecting participants' identities and data.
- Anonymity: Ensuring that data cannot be linked back to individual participants.
- Power Dynamics: Addressing potential power imbalances between researchers and participants.
- Impact on Participants: Minimizing harm and maximizing benefits for participants.
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