Qualitative Research Methods Overview

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Questions and Answers

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?

  • 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?

  • 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?

<p>Aligning management interests with shareholder interests (A)</p> Signup and view all the answers

What is the purpose of an audit committee?

<p>To oversee the financial reporting process and internal controls (B)</p> Signup and view all the answers

Which of the following is a typical right of shareholders?

<p>Voting on major corporate decisions (A)</p> Signup and view all the answers

What does 'corporate social responsibility' (CSR) involve?

<p>Considering the company's impact on society and the environment (B)</p> Signup and view all the answers

What is an example of a stakeholder other than shareholders?

<p>Customers (A)</p> Signup and view all the answers

What is the role of regulatory bodies in corporate governance?

<p>To enforce laws and regulations related to corporate behavior (A)</p> Signup and view all the answers

What is meant by 'transparency' in corporate governance?

<p>Openly disclosing relevant information to stakeholders (B)</p> Signup and view all the answers

Which of the following is commonly a feature of good corporate governance?

<p>A strong, independent board of directors (D)</p> Signup and view all the answers

What is a potential consequence of poor corporate governance?

<p>Financial fraud and mismanagement (A)</p> Signup and view all the answers

What is the purpose of a code of ethics within a corporation?

<p>To provide guidelines for ethical behavior by employees (B)</p> Signup and view all the answers

Which of the following is a benefit of strong corporate governance?

<p>Increased access to capital (A)</p> Signup and view all the answers

What is the meaning of 'fiduciary duty' in corporate governance?

<p>A legal obligation to act in the best interests of another party (D)</p> Signup and view all the answers

Which area does corporate governance primarily address?

<p>How a company is directed and controlled (B)</p> Signup and view all the answers

What is the function of an internal audit?

<p>To review and improve the effectiveness of risk management, control, and governance processes (A)</p> Signup and view all the answers

Why is board diversity important in corporate governance?

<p>It brings different perspectives and experiences to decision-making. (C)</p> Signup and view all the answers

What is the Sarbanes-Oxley Act primarily concerned with?

<p>Financial reporting and corporate governance (C)</p> Signup and view all the answers

What's the main goal of having whistleblower protection policies?

<p>To encourage staff to report illegal or unethical activities without fear of reprisal (C)</p> Signup and view all the answers

Flashcards

Rationality

The principle that individuals act to maximize their utility.

Economics

The study of how society manages its scarce resources.

Opportunity Cost

What you give up to obtain one item over another.

Marginal Changes

Small incremental adjustments to a plan of action.

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Incentive

Something that induces a person to act.

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Market Power

The ability of a single economic actor to have a substantial influence on market prices.

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Externality

The impact of one person's actions on the well-being of a bystander.

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Productivity

The quantity of goods and services produced from each unit of labor input.

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Inflation

An increase in the overall level of prices in the economy.

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Business Cycle

Fluctuations in economic activity, such as employment and production.

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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.

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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