Research Methods

Question 1

What is a RQ?

Answer 1

What the study is about and what the author wishes to achieve with the study

Specify the limit of the study, the data needed, units needed

Question 2

What are the criteria for a good RQ?

Answer 2

1. Interest
2. Not common sense
3. Need/relevance
4. Theoretical motivated
5. Gaps in existing knowledge

Question 3

What is the RQ and SQs of the report?

Answer 3

RQ: How is cash managed in Danish LLCs in times of negative deposit rates?

SQ1: Do changes in deposit rates have an influence on cash balances?

SQ2: How is the cash management proves perceived by the CFOs in company 1 and company 2 in times of negative deposit rates

Question 4

What is the tradeoff in research designs?

Answer 4

We cannot get the full picture of what we want to study (cannot get all data) so we need to be selective as there are restrictions of what we can get – ethics, privacy, survey problems with response rate, people feel observed
= limits and restrictions of all types of designs, so the best design is the one that minimize the limitations

Question 5

When is it appropriate to use interviews?

Answer 5

• Good for RQs that are more exploratory, and aims at explaining causal mechanisms in larger populations
• “Why” or “how” questions
• When one can get access

Question 6

When is it appropriate to use mixed methods?

Answer 6

When the RQ is complex and one seek to increase validity - seek to test hypothesis based on exploratory results

Question 7

What are the strengths and weakness of quantitative studies?

Answer 7

Strengths:

• measures variance and correlation
• Statistical generalizability
• Objective methods of analysis

Weaknes:

• Difficult to establish causality
• Lacks sensitivity to context

Question 8

What are the strengths and weakness of qualitative studies?

Answer 8

Strengths:

• Theory building
• Sensiivity to context
• Ability to generate multiple perspectives

Weaknesses:

• Inability to generalize to populations
• Limited ability t test theory
• Reliant on subjective judgements in analysis

Question 9

What are the functions of theory?

Answer 9

1. Asking the right questions
2. Develop relevant testable hypothesis
3. Analyzing data
4. Interpreting data

Question 10

What does it mean that theory is like a lens?

Answer 10

Theory allows for different views of empirical phenomenons.

Different lenses of theory is meant that different theory will lead to different conclusions and interpretations

E.g., the example with the traders and the human behavior study