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Qualitative theory in finance: Theory into practice

Author

Listed:
  • Michelle Salmona

    (Research School of Finance, Australian National University, Australia)

  • Dan Kaczynski

    (Department of Educational Leadership, Central Michigan University, USA)

  • Tom Smith

    (UQ Business School, The University of Queensland, Australia)

Abstract

This paper discusses the application of qualitative theory in finance research. Six qualitative theoretical orientations are presented to demonstrate a range of philosophical perspectives which a researcher may consider when conducting qualitative inquiry. Finance examples are provided for applied ethnography, content analysis, social constructivism, grounded theory, systems theory, and critical change theory. By aligning and bringing theory into practice, researchers engaged in qualitative inquiry may investigate specific social actions so as to make credible sense of complex circumstances.

Suggested Citation

  • Michelle Salmona & Dan Kaczynski & Tom Smith, 2015. "Qualitative theory in finance: Theory into practice," Australian Journal of Management, Australian School of Business, vol. 40(3), pages 403-413, August.
    • Handle: RePEc:sae:ausman:v:40:y:2015:i:3:p:403-413
    DOI: 10.1177/0312896214536204
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    References listed on IDEAS

    as
    1. Frankfurter, George M. & McGoun, Elton G., 2002. "Resistance is futile: the assimilation of behavioral finance," Journal of Economic Behavior & Organization, Elsevier, vol. 48(4), pages 375-389, August.
    2. Werner DeBondt & William Forbes & Paul Hamalainen & Yaz Gulnur Muradoglu, 2010. "What can behavioural finance teach us about finance?," Qualitative Research in Financial Markets, Emerald Group Publishing Limited, vol. 2(1), pages 29-36, April.
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    Cited by:

    1. Adam Butt & M. Scott Donald & F. Douglas Foster & Susan Thorp & Geoffrey J. Warren & Tom Smith, 2017. "Design of MySuper default funds: influences and outcomes," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57(1), pages 47-85, March.
    2. Brooks, Chris & Fenton, Evelyn & Schopohl, Lisa & Walker, James, 2019. "Why does research in finance have so little impact?," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 58(C), pages 24-52.
    3. Tom Smith, 2018. "From the Editor," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 58(1), pages 5-10, March.
    4. Linnenluecke, Martina K. & Chen, Xiaoyan & Ling, Xin & Smith, Tom & Zhu, Yushu, 2016. "Emerging trends in Asia-Pacific finance research: A review of recent influential publications and a research agenda," Pacific-Basin Finance Journal, Elsevier, vol. 36(C), pages 66-76.
    5. Necmi K. Avkiran & Direnç K. Kanol & Barry Oliver & Tom Smith, 2016. "Knowledge of campaign finance regulation reduces perceptions of corruption," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 56(4), pages 961-984, December.

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    Keywords

    Finance; qualitative; theory;
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