Research methods in finance 2600-MFBRz1MBF

Student after completing the course:
In the area of knowledge:
• Explains methods of empirical research in finance, including the analysis of quantitative and qualitative variables and their impact on financial phenomena (K_W01)
• Describes the principles of analyzing positive results of financial research and the process of verifying results (K_W01)
• Discusses techniques for conducting robustness checks of research results and the interpretation of results in terms of their reliability (K_W02)
• Presents methods of case study analysis in finance, highlighting their practical application and the process of drawing conclusions (K_W02)
• Explains the principles of presenting research results in finance, including techniques for presenting data in a clear and understandable manner (K_W03)
• Critically analyzes the literature on selected financial phenomena, formulating hypotheses and assessing research methodology (K_W03)
• Explains the principles of critically analyzing inferences about financial phenomena based on results from conducted empirical research (K_W03)
In the area of skills:
• Analyzes methods of empirical research in finance, including the selection of quantitative and qualitative variables, and evaluates their impact on financial outcomes (K_U01)
• Recognizes and assesses the results of empirical research, analyzing their correctness and reliability in the context of finance (K_U01)
• Performs robustness checks of research results, identifying possible limitations and verifying their stability (K_U02)
• Conducts case study analyses in finance, utilizing collected data to formulate conclusions and recommendations (K_U02)
• Develops and presents financial research results in a clear and understandable manner, using appropriate data visualization tools (K_U03)
• Conducts a critical analysis of the literature on selected financial phenomena, formulating valid hypotheses and evaluating research methodology (K_U03)
• Utilizes empirical research results to conduct a critical analysis of conclusions regarding financial phenomena, drawing conclusions based on solid evidence (K_U04)
In the area of social competencies:
• Assesses the effectiveness of research methods in finance and their impact on financial outcomes, analyzing them in different market and research contexts (K_K01)
• Analyzes the consequences of research decisions, considering the diversity of methodologies, risks, and potential research errors, as well as their impact on the credibility of results (K_K01)
• Considers the possibilities of applying different research methods in the context of changing macroeconomic and political conditions, both on the domestic and global market (K_K04)
• Makes research decisions consciously, guided by the principles of ethics, social responsibility, and scientific integrity in financial analyses (K_K05)
• Collaborates in scientific teams, analyzing different research methods, skillfully arguing decisions, and proposing optimal solutions in line with research objectives (K_K06)
• Is open to continually improving their research skills, following the latest scientific achievements and changes in regulations regarding research in finance (K_K08)

Criteria for passing the course:
Attendance compulsory - 2 absences allowed.
Written (open and closed questions) in a stationary or remote form on the Kampus platform.

Baltagi B.H., 2015. The Oxford Handbook of Panel Data. E Book Book accessibile in BUW

Kultar S., 2007. Quantitative Social Research Methods explores the entire spectrum of quantitative social research methods and their application, Los Angeles : Sage Publications Pvt. Ltd. 2007. eBook.,

Students use scientific studies selected by the instructors, published in journals covered by the Journal Citation Report, the list of which takes into account research trends in financial management. Example journals: Journal of Financial Economics, Journal of Banking and Finance, Journal of Financial Services Research, European Journal of Finance, Journal of International Financial Markets, Institutions & Money. Other materials recommended by the instructors

Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system:

• Description of 2600-MFBRz1MBF in USOSweb