Research Methods Overview - Lesson 2
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Questions and Answers

What type of analysis is best suited for understanding the impact of sustainable investment practices on a firm's long-term return?

  • Exploratory analysis
  • Causal analysis (correct)
  • Descriptive analysis
  • Regression analysis

When examining interest rate changes, which aspect is primarily influenced concerning fixed income investment portfolios?

  • Liquidity risk
  • Market risk
  • Risk profiles (correct)
  • Credit risk

Which research method is most effective for exploring the emerging risks in global financial markets due to cryptocurrency adoption?

  • Case study analysis
  • Experimental research
  • Quantitative surveys
  • Qualitative interviews (correct)

What is a primary focus when analyzing the factors shaping customer satisfaction for a new product line?

<p>Influential factors (B)</p> Signup and view all the answers

Which issue is commonly faced by accountants regarding ethical concerns in corporate financial reporting?

<p>Disclosure of financial statements (D)</p> Signup and view all the answers

What type of data is primarily used in quantitative research?

<p>Numerical data that can be quantified (D)</p> Signup and view all the answers

Which research question aligns best with qualitative research methodologies?

<p>How do social media platforms influence political opinions? (A)</p> Signup and view all the answers

Which of the following methods is NOT typically associated with qualitative research?

<p>Surveys (B)</p> Signup and view all the answers

What characterizes the deductive approach used in quantitative research?

<p>Testing a pre-defined hypothesis based on theory (A)</p> Signup and view all the answers

Which of these is a limitation often associated with qualitative research?

<p>High level of subjectivity (A)</p> Signup and view all the answers

Mixed methods research involves which of the following?

<p>Collecting and analyzing both quantitative and qualitative data together (C)</p> Signup and view all the answers

A researcher uses controlled experiments to determine cause-and-effect relationships. This approach is primarily aligned with which research method?

<p>Quantitative research (C)</p> Signup and view all the answers

What type of questions are primarily explored through qualitative research?

<p>Why questions (B)</p> Signup and view all the answers

What is a key advantage of quantitative research in regards to sample size?

<p>It enables researchers to gather data from a large sample size. (A)</p> Signup and view all the answers

What is a major limitation of quantitative research regarding the context of data collection?

<p>It struggles to capture the social or cultural context of data. (D)</p> Signup and view all the answers

Which of the following best describes a potential issue with the instrumentation used in quantitative research?

<p>It is often too simplistic to measure complex phenomena. (B)</p> Signup and view all the answers

What contributes to potential bias in quantitative research?

<p>Reliance on standardized measurement tools. (C)</p> Signup and view all the answers

How does quantitative research typically address objectivity in results?

<p>By employing statistical analysis to quantify data. (D)</p> Signup and view all the answers

In what way might quantitative research oversimplify human behavior?

<p>Through the quantification of complex emotions into numerical data. (C)</p> Signup and view all the answers

What limitation is associated with the potential for quantifiable data in research?

<p>It may overlook deeper meanings behind phenomena. (D)</p> Signup and view all the answers

What challenge might researchers face when studying complex phenomena using quantitative research?

<p>Human emotions and motivations may not be easily quantifiable. (D)</p> Signup and view all the answers

What is a major limitation of qualitative research concerning its findings?

<p>Results may not be generalizable to larger populations. (D)</p> Signup and view all the answers

What challenge is associated with the interpretation of qualitative data?

<p>The analysis is highly dependent on the researcher's perspective. (D)</p> Signup and view all the answers

What does 'data overload' imply in qualitative research?

<p>It can cause important insights to be overlooked. (B)</p> Signup and view all the answers

Which aspect reflects a common characteristic of Italian dining culture?

<p>Dinner is a leisurely activity enjoyed with family and friends. (D)</p> Signup and view all the answers

How does the Italian attitude towards time and punctuality differ from other cultures?

<p>Flexibility in timing is often more valued than strict punctuality. (D)</p> Signup and view all the answers

What is one consideration before developing a research method?

<p>The feasibility of data collection within a specific timeframe. (C)</p> Signup and view all the answers

What is a typical example of quantitative analysis?

<p>Analyzing how financial performance indicators vary over time. (C)</p> Signup and view all the answers

What is a key question to guide the choice of research method?

<p>What phenomena does the research question seek to understand? (B)</p> Signup and view all the answers

What is a primary characteristic that differentiates qualitative research from quantitative research?

<p>Employs inductive reasoning to develop theories (A)</p> Signup and view all the answers

Why is establishing causality difficult in quantitative research?

<p>Correlation does not imply causation and confounding variables may exist (D)</p> Signup and view all the answers

Which of the following techniques is NOT commonly associated with qualitative research?

<p>Surveys (C)</p> Signup and view all the answers

What aspect does qualitative research usually aim to explore effectively?

<p>Understanding complex phenomena and nuanced insights (D)</p> Signup and view all the answers

What limitation is often associated with qualitative research?

<p>Potential bias from the researcher's interpretations (D)</p> Signup and view all the answers

How does qualitative research contribute to understanding quantitative findings?

<p>By offering nuanced understandings and explanations for trends (B)</p> Signup and view all the answers

What is a common approach to data collection in qualitative research?

<p>Document analysis (C)</p> Signup and view all the answers

What is one of the goals of conducting qualitative research?

<p>To explore motives and attitudes of individuals and groups (B)</p> Signup and view all the answers

Flashcards

Causal Research

Investigates the cause-and-effect relationship between variables.

Exploratory Research

Explores areas where there is limited understanding to gain insights.

Ratio Analysis

Analyzes financial data to identify trends, patterns, and relationships.

Qualitative Research

Aims to understand the perspectives, experiences, and opinions of individuals or groups.

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Quantitative Research

Uses statistical methods to analyze numerical data and test hypotheses.

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Generalizability in Quantitative Research

Quantitative research allows researchers to study a large group of people, making the findings more relevant to the general population.

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Objectivity in Quantitative Research

Quantitative research uses statistical analysis to obtain objective and measurable results, reducing bias.

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Efficiency of Quantitative Research

Quantitative research methods can be conducted quickly and efficiently, especially on a large scale.

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Limited Depth in Quantitative Research

Quantitative research often focuses on numbers and measurements, which may not capture the complexities and nuances of human experiences.

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Lack of Flexibility in Quantitative Research

Quantitative research follows a predetermined plan, which can limit the flexibility to explore new avenues of investigation.

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Oversimplification in Quantitative Research

Quantitative research simplifies complex phenomena by reducing them to numerical measures, potentially losing essential details and complexity.

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Contextual Limitations in Quantitative Research

Quantitative research may struggle to consider the context in which data is collected, overlooking factors that might influence findings.

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Instrument Reliance in Quantitative Research

Quantitative research relies on standardized instruments, which may not fully capture the concepts being studied and can introduce measurement errors.

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Mixed Methods Research

A type of research that combines both quantitative and qualitative methods. It allows for a more comprehensive understanding of a phenomenon.

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Research Design

The systematic process of collecting and analyzing data to answer a research question. It involves choosing the right methods and designing a plan to gather and analyze data.

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Benefits and Limitations of Research Methods

The strengths and weaknesses of a research method. Benefits highlight what the method does well, while limitations point to its weaknesses.

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Matching Research Methods to Research Questions

The practice of matching the appropriate research method to the specific research question. This ensures the research is valid and meaningful.

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Surveys and Questionnaires

A type of quantitative data collection tool that involves asking structured questions with predetermined response options.

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Focus Groups

A type of qualitative data collection tool that involves open-ended questions and discussions with participants in a group setting.

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Generalizability

The findings of a qualitative study may not apply to a larger population.

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Time and Resource Intensive

Qualitative research takes a lot of time and resources.

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Difficulty in Quantifying Data

Qualitative data, like words or pictures, can be hard to measure using numbers.

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Reliance on Interpretation

Analyzing qualitative data depends heavily on the researcher's understanding.

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Vulnerability to Researcher Influence

The researcher's presence can influence how people act in a study.

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Data Overload

Qualitative studies can produce vast amounts of data, making it easy to miss important information.

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Method depends on the research question

A study's method should align with the research question.

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Developing your method

The research question, phenomena being investigated, existing studies, feasibility, and data access all influence the research method.

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Establishing Causality

The challenge of proving direct cause-and-effect relationships between variables in quantitative research. Correlation, which shows a relationship between two variables, does not guarantee one causes the other.

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Subjective Interpretation

Analyzing data based on individual meanings and experiences, providing depth and context to the research findings. It offers deeper insights than purely quantitative data.

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Inductive Reasoning

Using specific observations to create broader generalizations and theories. This is the opposite of deductive reasoning, which starts with a general principle and then applies it to specific cases.

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Natural Settings

Research conducted in natural environments where behaviors and events occur organically, offering a real-world context to the findings.

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Understanding Context

Understanding the motivations, attitudes, and behaviors of individuals and organizations within their specific context. This helps in gaining a deeper understanding of situations and events.

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Flexibility and Adaptability

Qualitative research is adaptable to explore rapidly changing situations where established theories are limited. It can identify new variables, theoretical models, and offer nuanced perspectives.

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Subjectivity in Qualitative Research

Qualitative research can be influenced by the researcher's personal biases, potentially affecting the objectivity of the findings.

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Study Notes

Research Methods Overview - Lesson 2

  • The lesson covers quantitative and qualitative research approaches, including mixed methods.
  • It examines the benefits and limitations of both qualitative and quantitative methods.
  • The lesson explores matching research methods to specific research questions.
  • It also discusses research design.

What Do We Already Know?

  • Qualitative research focuses on understanding attitudes, behaviors, and experiences.
  • Quantitative research focuses on quantifying data to discover relationships and trends.

Quantitative or Qualitative Research

  • Quantitative:
    • Data is numerically analyzed and quantified.
    • Methods focus on cause-and-effect relationships, "what" and "how" questions, and are confirmatory.
    • Uses validated instruments like surveys, questionnaires, and controlled experiments.
  • Qualitative:
    • Data is non-numerical, describing qualities.
    • Methods focus on "why" questions, exploratory research, and understanding perceptions and attitudes.
    • Includes methods like interviews, focus groups, and qualitative questionnaires.
  • Mixed Methods: Involves collecting both quantitative and qualitative data to better investigate a problem.

What is Quantitative Research?

  • Provides insights into relationships between variables.
  • Employs empirical investigation using statistical techniques.
  • Data is collected numerically, analyzed mathematically, and statistically.

Characteristics of Quantitative Research

  • Involves collecting and analyzing numerical data.
  • Aims for objectivity and uses standardized measures for comparison.
  • Employs a deductive approach, developing hypotheses from existing theories.
  • Often involves structured situations to isolate cause-and-effect relationships.

Why Use Quantitative Research?

  • Allows researchers to gather data from a large sample size (generalizable).
  • Enables statistical analysis to quantify phenomena, reducing researcher bias,
  • Generally more efficient than qualitative approaches; allows for quick data collection on a large scale

Limitations of Quantitative Research

  • Limited Depth: May not capture the depth of human experience, nuances, or underlying meanings.
  • Lack of Flexibility: Predetermined design may limit flexibility in data collection.
  • Oversimplification: May reduce phenomena to simple numerical measures, ignoring context or multifaceted behaviors.
  • Difficulty Capturing Context: May struggle to capture social, cultural, or environmental factors.
  • Reliance on Instrumentation: Dependent on appropriate, valid, and reliable instruments.
  • Potential for Bias: Researcher bias, selection bias, and measurement bias are potential concerns.
  • Difficulty in Studying Complex Phenomena: Complex human issues may be challenging to isolate or quantify.
  • Difficulty Establishing Causality: Correlation does not equate to causation; other possibilities need consideration.

What is Qualitative Research?

  • Seeks to understand social phenomena from the perspective of participants.
  • Explores attitudes, behaviors, and experiences.
  • Employs a range of techniques: interviews, focus groups, case studies, and document analysis.
  • Examines the richness and complexity of human behavior and the reasons behind it.

Characteristics of Qualitative Research

  • Often involves subjective interpretation of phenomena, highlighting diverse meaning.
  • Typically uses inductive reasoning to draw generalizations from specific observations opposite to quantitative research's deductive approach.
  • Often occurs in natural settings, providing real-world context to the findings.

Why Use Qualitative Research?

  • Understanding context surrounding motivations, attitudes, and behaviors of individuals and organizations.
  • Exploring complex phenomena for rich insights into intricate situations.
  • Identifying fresh variables, theoretical models, and nuanced understandings.
  • Flexibility to adapt to changing situations where theories are lacking.
  • Incorporating multiple perspectives (stakeholder inclusivity).
  • Providing actionable insights and strategies for professionals.

Limitations of Qualitative Research

  • Subjectivity: Researcher's biases can influence findings.
  • Limited Generalizability: Findings may not apply to wider populations.
  • Time and Resource Intensive: In-depth data collection can be time-consuming.
  • Difficulty Quantifying Data: Making statistical analysis challenging.
  • Reliance on Interpretation: Data analysis variability, depending on researcher interpretation.
  • Vulnerability to Researcher Influence: Researcher presence could affect participant actions.
  • Data Overload: Vast amounts of data may lead to selective reporting and insights loss.

Method Depends on the Research Question

  • Understanding the research question is fundamental to choosing an appropriate method.
  • Consider the phenomena, specific or broad variables, the approaches taken in previous studies, practical feasibility, and data accessibility.

Developing Your Method

  • Descriptive: Describes patterns, trends, relationships in data.
  • Comparative: Compares metrics between groups or periods.
  • Causal: Investigates cause-and-effect relationships.
  • Exploratory: Explores areas where understanding is lacking.

Group Activity – Qual or Quant?

  • The examples provided necessitate either qualitative or quantitative research methods.

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Description

This lesson provides an overview of quantitative and qualitative research methods, including their benefits, limitations, and proper applications. It also discusses the alignment of research designs with specific research questions. Gain insights into choosing the right approach for effective research outcomes.

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