Dr.

Kalim Hyder

ECO-536 RESEARCH METHOD IN ECONOMICS & FINANCE

Fall 2021

Purpose: To understand and apply modern research with emphasis on

and methodology and application in corporate finance and
accounting

Objectives: To prepare students for the dissertation stage that is the

choice of a research topic and planning of a research project.
To familiarizing students with the canonical corporate
research techniques.

The aim of this course is to strengthen the research abilities of the students to conduct
research on microdata, micro-econometric, corporate finance an accounting. Understanding
research techniques, learning necessary skills, developing scientific and rational thinking would be
the key outcomes. This course will equip students with the knowledge and understanding of
empirical corporate finance, models of financial econometrics, modelling financial distress and
bankruptcy accounting research and disclosure micro-econometric, and micro econometrics of
corporate governance.

Student will identifying research topic, problems and provide a logical framework to the
proposal by considering appropriate methodologies and expected results. In this course, all the
students are expected to identify a research topic in consultation with me, and will develop a
research proposal for assessment. It will deliver operative tools for choosing a dissertation topic,
selecting research questions and addressing them with the more suitable theoretical or/and
empirical techniques, and, finally, interpreting and writing the results. Better communication skills
will be evaluated by the presentation and participation.
 Dr. Kalim Hyder

Assessment:

1. Final Exam
25
2. Term Paper 25
3. Assignments (3) 15
4. Quizzes (best 3) 15
5. Presentation 10
6. Participation 10

Text Books:
1. Marek Gruszynski. (2020). Financial Micro-Econometrics: A research Methodology in
Corporate finance and accounting.. Springer.

2. Emma Bell, Alan Bryman and Bill Harley. (2019). Business Research methods. 2nd International
Edition, OXFORD.

3. James Smith (2016). Business research methodology. Arcler Press.

Journal Articles

Dang, C., Li, Z. F., & Yang, C. (2018). Measuring firm size in empirical corporate finance. Journal of
banking & finance, 86, 159-176.

Oyelakin, A. (2020). Essays in empirical corporate finance (Doctoral dissertation, University of

Essex).

Bougatef, K., Nakhli, M. S., & Mnari, O. (2020). The nexus between Islamic banking and industrial
production: Empirical evidence from Malaysia. ISRA International Journal of Islamic Finance.

Rashid, A., Yousaf, S., & Khaleequzzaman, M. (2017). Does Islamic banking really strengthen
financial stability? Empirical evidence from Pakistan. International Journal of Islamic and Middle
Eastern Finance and Management.

Hassan, M. K., & Sirajo, A. (2017). A review of empirical Islamic finance literature. Available at SSRN
2980486.

Kurniadi, D., Mongid, A., & Hidayat, S. E. (2018). A simple stress test on Indonesian islamic banking
industry. Jurnal Keuangan dan Perbankan, 22(1), 148-161.
 Dr. Kalim Hyder

Budiandru, B. (2021). Default Risk on Islamic Banking in

Indonesia. Journal of Economics, Business, & Accountancy
Ventura, 24(1).

Detail description of the syllabus and lecture schedules

Lectures Date Major Topics Key Topics
1. An introduction to I. Empirical Corporate Finance (ECF)
Microdata, Micro- II. Fama-French Model
Lecture 1 28-Aug-21 econometrics, III. Finance & Economics
Corporate finance IV. Sampling and Population
and accounting.
I. The Model in ECF
Lecture 2 4-Sep-21 II. Practical use of Binomial model
III. Treatment Effect
2. Models of financial
IV. Self-Selection
micro-econometrics
V. Endogeneity
Lecture 3 11-Sep-21
VI. Difference in difference estimators
and regressions
I. Z Score
4. Modelling financial
II. Micro-econometric models of
Lecture 4 18-Sep-21 distress and
distress
Bankruptcy
III. Survival analysis
Lecture 5 25-Sep-21 I. Empirical accounting research and
source of knowledge
5. Accounting Research
Lecture 6 2-Oct-21 II. Categories of research topics and
methods.
Lecture 7 9-Oct-21 IV. Micro-econometrics Methods in
7. Disclosure Micro- Accounting Research
Lecture 8 16-Oct-21 econometrics. V. Financial disclosure
VI. Disclosure index
Lecture 9 23-Oct-21 VIII. Research Topics
9. Micro-econometrics
IX. Research Questions
of Corporate
Lecture 10 30-Oct-21 X. Methodological issues
Governance
XI.
I. Firm Performance and CEO
Lecture 11 6-Nov-21 11. Ratings change
II. CG rating
12. Topics in Empirical I. Value relevance of companies
Lecture 12 13-Nov-21 Corporate Finance II. Equity Valuation
and Accounting III. Mergers and acquisition.
I. Short Presentation of the term
13. Research Paper paper
Lecture 13 20-Nov-21 Discussions and II. Review session, feedback and
Presentations questions
III. Further improvements
 Dr. Kalim Hyder

14. Research
Paper
I. Review Session
Discussions and
Lecture 14 27-Nov-21
Presentations