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Current Issues in Islamic and Finance: Resilience and Stability in the Present System
Finance & Accounting
Pages 29 (7279 words)
3. Methodology Introduction Within finance and accounting research, there is certainly a preoccupation with the need for quantitative research and numerical documentation of data and financial fluctuations in order to form a coherent picture. Yet there are a variety of methodologies, particularly qualitative that are necessary in order to form a complete conceptual picture necessary during the course of the financial research.
An exploration of financial research methodology from a comprehensive perspective is necessary in order to develop the most advantageous context by which conclusions can be reached pertaining to this subject. Qualitative case research has a role in the financial fields, qualitative studies as well as quantitative can be understood in terms of a larger framework of research methodology spanning a range from subjective methods guiding the general direction of the quantitative data, to positivist methodologies. Either qualitative or quantitative only methods have theoretical problems and limitations in the finance and accounting fields, and it is necessary for both frames of reference to balance each other to gain a comprehensive point of view. Raw numbers are insufficient in order to produce a definitive conclusion regarding any field dependent upon human behavior and perception. To answer financial questions in terms of banking strategy for the Seychelles, there is a necessity to attain demographic and historical background information, as described in chapter 1 pursuant to a thorough methodology. ...
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