Financial Research Methods
Full course descriptionThe course begins with an opening lecture. The following tutorial meetings cover standard research theory (such as research philosophies, developing theories and issues of causality). The importance of good research methods is introduced directly using empirical financial data. During computing classes students are introduced to data modelling and statistical inference (using Stata software), considered to be highly relevant for finance students. Students are evaluated on the basis of a final research paper (approx. 15 pages), presentations, assignments, as well as discussions and general participation during tutorials and computing classes.
Not advised for exchange students.
Course objectivesTo equip students with the tools and techniques to learn how to conduct research using formal research methods. Students learn current research methodology related to undertaking research in financial markets through the use of statistical tools. The course provides students with the skills to conduct both academic as well as business research in a financial setting. The course is instrumental in preparing students for their Masters thesis.
It is an essential basis for writing a final thesis and for preparing students as researchers in a professional business environment. The course is designed for Finance students in mind.
PrerequisitesTRANSITIONAL REGULATION (EBC4095):
Only for students who started one of the following programmes/specialisations prior to academic year 2020/21:
* Master Business Research - No specialisation (Note: only if you are taking "Strategic Corporate Finance" or "Sustainable Finance" disciplinary courses!)
* Master International Business - Strategic Corporate Finance
* Master International Business - Sustainable Finance
Education (last opportunity in 2020/21) + Exam/Resit (last opportunity in 2021/22)
NOTE: You may replace this course with EBC4263
Recommended readingRequired literature:
Brooks, C., 2014. Introductory Econometrics for Finance, Cambridge University Press
Articles from financial journals
Boffelli, S. and Urga, G., 2016. Financial Econometrics using Stata, Stata Press, Texas, US.
Ryan, B., Scapens, R.W., and Theobald, M., 2002, Research Method and Methodology in Finance and Accounting, Thomson, London, UK
Greene, W.H., 2003, Econometric Analysis, 5th edition, Pearson Education, Inc., New Jersey, USA
1 Sep 2020
23 Oct 2020
1 Feb 2021
2 Apr 2021
Teaching methods:Assignment(s), Lecture(s), PBL, Presentation(s), Work in subgroups
Assessment methods:Assignment, Final paper, Presentation