HOME | CHECKOUT | ABOUT | FAQ | CONTACT US |
 
Welcome Guest [create an account] or log-in:
email
password

Chapter 1 The Nature of Accounting and Finance Research

DOI: 10.23912/978-1-910158-88-3-3217

ISBN: 978-1-910158-88-3

Published: September 2016

Component type: chapter

Published in: Research Methods for Accounting and Finance

Parent DOI: 10.23912/978-1-910158-88-3-3090

Abstract

In this introductory chapter, we begin by considering what constitutes research. This is then followed by a general discussion of knowledge production and the skills required of accounting and finance researchers. Novice researchers are often bamboozled by the variety of research methods, methodologies and philosophical pathways open to them; moreover, terminology can often be inconsistent, which adds further confusion. In order to minimise confusion, we have included an overview of the philosophical traditions of accounting and finance research. We then address the nature of accounting and finance research more broadly, highlighting topical areas of research, before turning our attention to various aspects of the research process and the specific skills required when conducting a project in this area.

Sample content

Click here to download PDF

Contributors

For the source title:

Cite as

Paterson, Jackson, Sherif, MacIntosh & Caldwell, 2016

Paterson, A., Jackson, W., Sherif, M., MacIntosh, R. & Caldwell, N. (2016) "Chapter 1 The Nature of Accounting and Finance Research" In: Paterson, A., Leung, D., Jackson, W.(., MacIntosh, R. & O'Gorman, K.D. (ed) . Oxford: Goodfellow Publishers http://dx.doi.org/10.23912/978-1-910158-88-3-3217

References

Abraham, S., and Shrives, P. J., (2014), Improving the relevance of risk factor disclosure in corporate annual reports, The British Accounting Review, 46(1), 91–107. https://doi.org/10.1016/j.bar.2013.10.002

Black, F., and Scholes, M., (1973), The Pricing of Options and Corporate Liabilities, Journal of Political Economy, 81(3), 637-654. https://doi.org/10.1086/260062

Bloomfield, R.J., (2010), Traditional vs. Behavioral Finance, Cornell University - Samuel Curtis Johnson Graduate School of Management Johnson School Research Paper Series No. 22-2010.

Caglayan, M., Mateut, S. and Maioli, S., (2012), Inventories, Sales Uncertainty, and Financial Strength, Journal of Banking and Finance, 36(9), 2512-2521. https://doi.org/10.1016/j.jbankfin.2012.05.006

Chen, L.W., Adams, A., and Taffler R., (2003), What style-timing skills do mutual fund 'stars' possess? Journal of Empirical Finance, 21(1), 156-173.

Coyne, J.G., Summers, S.L., Williams, B., and Wood, D.A., (2010), Accounting Program Research Rankings by Topical Area and Methodology, Issues in Accounting Education. 25(4), 631–654. https://doi.org/10.2308/iace.2010.25.4.631

Fama, E., (1970), Efficient Capital Markets: A Review of Theory and Empirical Work, Journal of Finance, 25(2), 383–417. https://doi.org/10.2307/2325486

Flug, K., Spilimbergo, A., and Wachtenheim, E., (1998), Investment in education: do economic volatility and credit constraints matter? Journal of Development Economics, 55(2), 465–481. https://doi.org/10.1016/S0304-3878(98)00045-5

Fraser, I. & Pong, C. (2009), The future of the external audit function, Managerial Auditing Journal, 24(2) 104-113. https://doi.org/10.1108/02686900910924536

Frecknall-Hughes, J., James, S., and McIlwhan, R., (2014), The tax implications of Scottish independence or further devolution, Institute of Chartered Accountants Scotland Report, Edinburgh.

Gallhofer, S., Haslam, J. & Yonekura, A., (2013), Further critical reflections on a contribution to the methodological issues debate in accounting, Critical Perspectives on Accounting, 24(3), 191-206. https://doi.org/10.1016/j.cpa.2012.09.005

Gallhofer, S., Haslam, J. & Yonekura, A. (2015), Accounting as differentiated universal for emancipatory praxis: Accounting delineation and mobilisation for emancipation(s) recognising democracy and difference, Accounting, Auditing and Accountability, 28(5), 846-874. https://doi.org/10.1108/AAAJ-08-2013-1451

Gibbons, M., Limoges, C., Nowotny, H., Schwartzman, S. (1994). The New Production of Knowledge: The Dynamics of Science and Research in Contemporary Societies, Sage, London

Gordon, T.P., and Porter, J.C., (2009), Reading and Understanding Academic Research in Accounting: A Guide for Students, Global Perspectives on Accounting Education, 6, 25-45.

Grubnic, S., Thomson, I. H. & Georgakopoulos, G., (2015), New development: Managing and accounting for sustainable development across generations in public services – and call for papers, Public Money and Management, 35(3), 245-250. https://doi.org/10.1080/09540962.2015.1027502

Haque, F., Kirkpatrick, C., and Arun, T., (2009), Corporate governance and capital structure in developing countries: a case study of Bangladesh, Applied Economics, 43, 673-681. https://doi.org/10.1080/00036840802599909

Hatherly, D., Leung, D. and MacKenzie, D., (2013), The Finitist Accountant in Living in a Material World: Economic Sociology Meets Science and Technology Studies, Edited by Trevor Pinch and Richard Swedberg, MIT Press Scholarship.

Harre, R. (1986), Varieties of Realism. Basil. Blackwell. Oxford.

Hyde, S. & Sherif, M. (2010), Consumption asset pricing and the term structure, Quarterly Review of Economics and Finance, 50(1), 99-109. https://doi.org/10.1016/j.qref.2009.10.001

Ibrahim, B. M. and Brzeszczyński, J., (2014), How beneficial Is international stock market information in domestic stock market trading?, European Journal of Finance, 20(3) 201-231. https://doi.org/10.1080/1351847X.2012.690773

Jackson, A.S., (now Paterson) & Lapsley, I., (2003), The Diffusion of Accounting Techniques in Public Sector Organisations, in Transforming the Public Sector, ICAS Monograph.

Jackson, A.S., (now Paterson) & Lapsley, I., (2003), The diffusion of accounting practices in the new 'managerial' public sector, The International Journal of Public Sector Management, 16(5), 359 – 372. https://doi.org/10.1108/09513550310489304

Jackson WJ, Paterson AS, Pong CKM & Scarparo S, (2014) Cash Limits, Hospital Prescribing and Shrinking Medical Jurisdiction, Financial Accountability and Management, 30(4), 403-429. https://doi.org/10.1111/faam.12042

Jackson WJ, Paterson AS, Pong CKM & Scarparo S, (2013) Doctors under the microscope: the birth of clinical audit, Accounting History Review, 23(1), 23-47. https://doi.org/10.1080/21552851.2013.773638

Jensen, M.C., and Meckling, W.H., (1976), Theory of the firm: Managerial behavior, agency costs and ownership structure, Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X

Jones E.A.E., Danbolt J. and Hirst I.R.C., (2004), Company investment announcements and the market value of the firm, European Journal of Finance, 10(5), 437-452. https://doi.org/10.1080/1351847032000168696

Kabir, R., Li, H., and Veld-Merkoulova, Y.V., (2013), Executive compensation and the cost of debt, Journal of Banking & Finance, 37, 2893–2907. https://doi.org/10.1016/j.jbankfin.2013.04.020

Ahmad Khair, A. H., Haniffa, R., Hudaib, M. and Mohamad, M. N., (2015), Personalisation of power, neoliberalism and the production of corruption, Accounting Forum, 39(3), 225-235. https://doi.org/10.1016/j.accfor.2015.06.001

Kalaitzogloua, I. & Ibrahim, B.M., (2013), Does order flow in the European Carbon Futures Market reveal information? Journal of Financial Markets, 16(3), 604–635. https://doi.org/10.1016/j.finmar.2012.11.002

Kamla, R., Gallhofer, S. & Haslam, J., (2009), Educating and training accountants in Syria in a transition context: Perceptions of accounting academics and professional accountants, Accounting Education: An International Journal, 18(4 -5), 345-368.

Kobelsky, K., Larosiliere, G., and Plummer, E., (2014), The impact of information technology on performance in the not-for-profit sector, International Journal of Accounting Information Systems, 15(1), 47–65. https://doi.org/10.1016/j.accinf.2013.02.002

Kuhn, T., (1962), The Structure of Scientific Revolutions, Chicago: University of Chicago Press.

Levine R., (2005), Finance and growth: Theory and evidence, in Philippe Aghion and Steven N. Durlauf, eds., Handbook of Economic Growth 1A, 865-934, (North-Holland Elsevier, Amsterdam).

MacKinlay, A. C., (1997), Event studies in economics and finance, Journal of Economic Literature, 35(1), 13-39. Available at: http://www.jstor.org/stable/2729691

Maddala, G. S., (2001). Introduction to Econometrics (Third edition). New York: Wiley.

Markowitz, H., (1952), Portfolio selection, The Journal of Finance, 7(1), 77-91. https://doi.org/10.1111/j.1540-6261.1952.tb01525.x

Marney, J.P., and Tarbet, H., (2011), Corporate Finance for Business, Oxford University Press, London.

Mattessich, R., (1989), Accounting and the Input-Output Principle in the Prehistoric and Ancient World, Abacus, 25(2), 74-84. https://doi.org/10.1111/j.1467-6281.1989.tb00222.x

Modigliani, F. and Miller, M.H., (1958), The cost of capital, corporation finance and the theory of investment, The American Economic Review, 48(3), 261-297.

Mousavia, M.M., Ouennichea, J. and Xu, B., (2015), Performance evaluation of bankruptcy prediction models: An orientation-free super-efficiency DEA-based framework, International Review of Financial Analysis, In Press, Available online 21 January 2015.

Myers, S.C., and Majluf, N.S., (1984), Corporate financing and investment decisions when firms have information that investors do not have, Journal of Financial Economics, 13(2), 187–221. https://doi.org/10.1016/0304-405X(84)90023-0

Ndiweni, E., (2010), A trail of unintended consequences: Management Accounting Information in a volatile environment, Research in Accounting in Emerging Economies, 10, pp.1-28. https://doi.org/10.1108/S1479-3563(2010)0000010006

Ndiweni, E. (2011), The impotence of auditing practices in a corrupt environment: Some evidence from Zimbabwe, International Journal of Critical Accounting, 3, 204-219. https://doi.org/10.1504/IJCA.2011.039751

Oldroyd, D., (1995), The role of accounting in public expenditure and monetary policy in the first century AD Roman Empire, Accounting Historians Journal, 22(2), 124.

Oldroyd, D., and Dobie, A., (2008), Themes in the History of Bookkeeping, The Routledge Companion to Accounting History, Routledge, London

Oler, Derek K., Mitchell J. Oler, and Christopher J. Skousen. 2010. Characterizing accounting research, Accounting Horizons 24 4), 635–670

Paisey C., Paisey N. J., and Tarbert H., (2007), Continuing Professional Development Activities of UK Accountants in Public Practice, Accounting Education: An international journal. 16(4), 379-404.

Paisey, C. & Paisey, N. J., (2011), Visibility, governance and social context: Financial management in the Pre-Reformation Scottish Church, Accounting, Auditing and Accountability Journal, 24(5), 587-621. https://doi.org/10.1108/09513571111139111

Pfeffer, J. (1993). Barriers to the advance of organizational science: Paradigm development as a dependent variable. The Academy of Management Review, 18(4), 599-620 https://doi.org/10.2307/258592

Robson, K., (1992), Accounting numbers as 'inscription': Action at a distance and the development of accounting, Accounting, Organizations and Society 17(7), 685–708. https://doi.org/10.1016/0361-3682(92)90019-O

Roslender, R., and Hart, S.J., (2003), In search of strategic management accounting: theoretical and field study perspectives, Management Accounting Research, 14, 255–279. https://doi.org/10.1016/S1044-5005(03)00048-9

Ryan, B., Scapens, R.W. and Theobald, M., (1992), Research Method and Methodology in Finance and Accounting, Academic Press, London.

Ryan, B., Scapens, R.W. and Theobald, M., (2009), Research Method and Methodology in Finance and Accounting, Academic Press, London.

Sangster, A., Stoner, G. and McCarthy, P., (2007), The market for Luca Pacioli's Summa Arithmetica, Accounting, Business & Financial History Conference, Cardiff, September p.1–2, Cardiff.ac.uk.

Sharpe, W.F., (1964), Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk, The Journal of Finance, 19(3), 425-442. https://doi.org/10.1111/j.1540-6261.1964.tb02865.x

Sheridan L., Jones E.A.E. and Marston C.L., (2006), Corporate governance codes and the supply of corporate information in the UK, Corporate Governance: An International Review, 14(5), 497-503.

Simon, J., and Clinton Alley, (2008), Successful tax reform: The experience of Value Added Tax in the United Kingdom and Goods and Services Tax in New Zealand Journal of Finance and Management in Public Services, 8(1), 35 -47.

Smith, M, (2004), Research Methods in Accounting, Sage, London.

Saunders, M., Lewis, P. and Thornhill, A., (2003), Research Methods for Business, Pearson Education, London.

Thomson, I. H. & Bebbington, J., (2013), Sustainable development, management and accounting: Boundary crossing, Management Accounting Research, 24, 277-283. https://doi.org/10.1016/j.mar.2013.09.002

Walliman, N., (2001), Your Research Project: A Step-by-Step Guide for the First-Time Researcher, Sage, London.

Watts, R. L. and Zimmerman, J. L. (1986), Positive Accounting Theory, Prentice Hall, New Jersey.

White, B., (2000), Dissertation Skills for Business and Management Students, Cassell, London.

Zingales, L., (2013), Preventing economists' capture, in Preventing Regulatory Capture: Special Interest Influence and How to Limit it, Edited by Daniel Carpenter and David Moss, The Tobin Project, Cambridge University Press. https://doi.org/10.1017/CBO9781139565875.010

Available

Chapter 1 The Nature of Accounting and Finance Research [Details]Price: £4.99*Licences / Downloadable file

Published in Research Methods for Accounting and Finance

Chapter 1 The Nature of Accounting and Finance Research [Details]Price: £4.99*Licences / Downloadable file
Paperback format [Details] Available as an inspection copyPrice: £34.99Copies / Delivery by post
Terms and conditions of purchase | Privacy policy