Methodology of prospective and current research in finance

dc.citation.epage60
dc.citation.issue2
dc.citation.spage46
dc.contributor.affiliationLviv Polytechnic National University
dc.contributor.authorAlieksieiev, I.
dc.contributor.authorMazur, A.
dc.contributor.authorMoroz, A.
dc.coverage.placenameЛьвів
dc.coverage.placenameLviv
dc.date.accessioned2021-01-25T14:35:51Z
dc.date.available2021-01-25T14:35:51Z
dc.date.created2020-02-24
dc.date.issued2020-02-24
dc.description.abstractThe article deals with issues related to research methodology in the financial field. An important aspect of the author’s approach is a new look at the research, which is proposed to be considered as prospective and current. The argument for this approach is the need to combine traditional basic and applied research into a group of prospective, ie those that result in some long-term goals and can usually result in scientific novelty. Instead, current research is no less practical. It is through current research that the necessary measures are being implemented. This applies to technical, technological, organisational, economic and financial measures, which ultimately provide some improvement in the activities of any entity. The characteristics of prospective and current research are given, which determine the differences between them. In particular, such characteristics are: the expected result, the tools for the study and the composition of researchers – performers of prospective or current research. Based on the division of research into prospective and current, the different directions of these types of scientific and practical research are determined. It is noted that the formulation of tasks of different purpose and nature requires the definition of certain predefined sets of research methods. Narrowing of methodical tools can lead to erroneous results. Instead, an integrated approach, formulated not only for a hypothetical goal and potential outcome, but also for the choice of research methods, is an important safeguard against erroneous conclusions. To do this, a matrix has been developed, in which complexes of research methods (for several examples) have been formed, which will allow to obtain the most substantiated result of the research, both prospective and current. Such examples are: economic and social efficiency of financial research, public policy in the field of finance, funding schemes for research. A study of well-known empirical and theoretical research methods has been carried out, from the standpoint of the peculiarities of financial research in scientific and practical activities. In particular, examples from the financial sphere of possible searches, with the help of general methods of analysis, synthesis, induction, deduction and analogy, are investigated and given. From empirical methods examples of directions of possible researches, with use of comparison, experiment, modeling, are considered and resulted. The generally accepted and special characteristics of research in the field of finance are considered. Among them are important for financiers the concept of science and the need to master the scientific approach to financial research; the nature and characteristics of the research process; scientific (theoretical) base and financial aspects of research; research priorities; directions of research of natural and social sciences; stages of scientific research; methodological approach to the study of efficiency in finance. These issues are important for researchers, as well as for students and graduate students studying in financial educationalprofessional and educational-scientific programs.
dc.format.extent46-60
dc.format.pages15
dc.identifier.citationAlieksieiev I. Methodology of prospective and current research in finance / I. Alieksieiev, A. Mazur, A. Moroz // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2020. — Vol 7. — No 2. — P. 46–60.
dc.identifier.citationenAlieksieiev I. Methodology of prospective and current research in finance / I. Alieksieiev, A. Mazur, A. Moroz // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2020. — Vol 7. — No 2. — P. 46–60.
dc.identifier.doidoi.org/10.23939/eem2020.02.046
dc.identifier.urihttps://ena.lpnu.ua/handle/ntb/55993
dc.language.isoen
dc.publisherВидавництво Львівської політехніки
dc.publisherLviv Politechnic Publishing House
dc.relation.ispartofEconomics, Entrepreneurship, Management, 2 (7), 2020
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dc.relation.referencesen1. Garafonova, O. (2014). Upravlinnia zminamy: teoriia, metodolohiia ta praktyka [Change management: theory, methodology and practice]. Kyiv National University of Technology and Design, [in Ukrainian].
dc.relation.referencesen2. Kerry E Howell (2012). An Introduction to the Philosophy of Methodology. University of Plymouth, UK, SAGE Publications Ltd.
dc.relation.referencesen3. Kothari, C.R. (2004). Methodology Methods and Techniques. New Age International (P) Ltd.
dc.relation.referencesen4. Malcolm Williams (2016). Key Concepts in the Philosophy of Social Research. University of Cardiff, UK, SAGE Publications Ltd.
dc.relation.referencesen5. Mints, O. (2017). Metodolohiia modeliuvannia innovatsiinykh intelektualnykh system pryiniattia rishen v ekonomitsi [Methodology for modeling innovative intelligent decision-making systems in economics]. Mariupol: Priazovskyi State Technical University. [in Ukrainian].
dc.relation.referencesen6. Pernecky, Tomas (2016). Epistomology and Metaphysics for Qualitative Research. Auckland University of Technology, New Zeland, SAGE Publications Ltd.
dc.relation.referencesen7. Tuck, Eve & McKenzie, Marcia (2014). Place in Research: Theory, Methodology, and Methods. Taylor & Francis.
dc.relation.referencesen8. Cekhmistrova, H. (2003). Osnovy naukovoho doslidzhennia [Fundamentals of scientific research]. Kyiv, Slovo Publishing House. [in Ukrainian].
dc.relation.referencesen9. Danylian, O. & Dzioban O. (2017). Orhanizatsiia ta metodolohiia naukovykh doslidzhen [Organisation and methodology of scientific research]. Kharkiv, Pravo Publishing House. [in Ukrainian].
dc.relation.referencesen10. Jonker, Jan & Pennink, Bartjan (2010) The Essence of Research Methodology: A Concise Guide for Master and PhD Students in Management Science. Springer Heidelberg Dordrecht London New York
dc.relation.referencesen11. Konverskyi, A. & others (2010). Osnovy metodolohiii ta orhanizatsiii naukovykh doslidzhen [Fundamentals of methodology and organization of scientific research]. Kuiv, Center for Educational Literature. [in Ukrainian].
dc.relation.referencesen12. Kraus, N. (2012). Metodolohiia ta orhanizatsiia naukovykh doslidzhen [Methodology and organization of scientific research]. Poltava, Oriiana Publishing House. [in Ukrainian].
dc.relation.referencesen13. Ludchenko, Y. (2013). Otsinka economichnoii efectyvnosti investytsii z urakhuvanniam ryzykiv [assessment of economic efficiency of investments taking into account risks]. Kyiv, Lohos. [in Ukrainian].
dc.relation.referencesen14. Kyrylenko, O. & others (2012). Metodyka ta orhanizatsiia naukovykh doslidzhen [Methods and organization of scientific research]. Kyiv, Economic thought. [in Ukrainian].
dc.relation.referencesen15. Martsyn, V., Mitsenko, N. & Danylenko, O. (2002). Osnovy naukovukh doslidzhen [Fundamentals of scientific research]. Lviv, Romus-Polihraph. [in Ukrainian].
dc.relation.referencesen16. Mishchenko, I., Chornyi, G. & Fishchuk, N. (2017). Metodolohiia doslidzhen v konteksti dysertatsiinykh I dyplomnykh robit z ekonomiky [Research methodology in the context of dissertations and dissertations in economics]. Economics of AIC, No. 1, 87-91. [in Ukrainian].
dc.relation.referencesen17. Orlov, V., Novytska, S. & Yatskevych, I. (2011). Osnovy metodolohii doslidzhen v komunikatsiinii ekonomitsi [Fundamentals of research methodology in communication economics]. Odessa, VMV. [in Ukrainian]
dc.relation.referencesen18. Romanchykov, V. (2007). Osnovy naukovykh doslidzhen [Fundamentals of scientific research]. Kyiv, Publishing House "Center for Educational Literature" [in Ukrainian].
dc.relation.referencesen19. Vazhynskii, S. & Shcherbak, T. (2016). Metodyka ta orhanizatsiia naukovykh doslidzhen [Methods and organization of scientific research]. Sumy, Sumy State Pedagogical University named A. S. Makarenko. [in Ukrainian].
dc.relation.referencesen20. Zatserkovnyi, V., Tishaiev, I. & Demydov, V. (2017). Metodolohiia naukovykh doslidzhen [Research methodology]. Kyiv, Taras Shevchenko Kyiv State University. Nizhyn, Nizhyn Mykola Gogol State University [in Ukrainian].
dc.relation.referencesen21. Martynov, S. & Orlov, V. (2013). Informatsiini tekhnolohiii v naukovykh rozrobkakh [Information technologies in scientific developments]. Rivne, National University of Water Management and Environmental Management. [in Ukrainian].
dc.relation.referencesen22. Sharavara, T. (2017). Informatsiinyi poshuk i robota z bibliotechnymy resursamy [Information search and work with library resources]. Poltava, Poltava State Agrarian Academy. [in Ukrainian].
dc.relation.referencesen23. Azarenkova, G.M. (2007). Financial flows of the economic agents: methodology and organization of management, Manuscript. Dissertation for a Doctorate Degree in Economic Sciences by specialty – Money, finance and credit, Ukrainian Academy of Banking of National Bank of Ukraine, Sumy. [in Ukrainian].
dc.relation.referencesen24. Kharlamova, O. (2016). Transparent Financial Statements Execution Methodology and Architectonics. Manuscript, Thesis work to obtain the Doctor of Economics scientific degree in specialty 08.00.09, Accounting, Analysis and Audit. [in Ukrainian].
dc.relation.referencesen25. Kornieiev, M. (2015). Methodological bases of estimation and regulation of imbalances of movement of financial resources in economy of Ukraine. Dissertation for a Doctorate Degree in Economic Sciences by specialty 08.00.08 - money, finance and credit, Sumy. [in Ukrainian].
dc.relation.referencesen26. Kornieiev, V. (2004). Upravlinnia kredytnymy ta investytsiinymy potokamy kapitalu [Management of Credit and Investment Capital Flows]. Dissertation for a Doctorate Degree in Economic Sciences by specialty 08.04.01 – Finances, Money Turnover and Credit, Kyiv. [in Ukrainian].
dc.relation.referencesen27. Tarangul, L.L. (2003). Tax Policy and Economic Development of Regions: Theory, Methodology, Practice. Dissertation for a Doctorate Degree in Economic Sciences by specialty 08.04.01 – Finances, Money Turnover and Credit, Kyiv.
dc.relation.referencesen28. Bob Ryan, Robert W. Scapens & Michael Theobold. (2002). Research Method and Methodology in Finance and Accounting Second Edition. TJ Digital, Padstow UK.
dc.relation.referencesen29. Boronos, V. (2011) Metodolohichni zasady upravlinnia finansovym potentsialom terytoriii [Methodological principles of managing the financial potential of the territory]. Sumy, Sumy national University. [in Ukrainian].
dc.relation.referencesen30. Dyba, M. & Maiorova, T. (2013). Teoretykometodolohichni zasady doslidzhennia investytsiinoho protsesu u finansovii nautsi [Theoretical and methodological principles of investment process research in financial science]. Finance of Ukraine, 2, 103–109. [in Ukrainian].
dc.relation.referencesen31. Ivanov, Yu. & Udovenko, A. (2015). Metodychnyi pidhid do otsinky diievosti zahodiv v sferi derehuliuvannia [Methodical approach to assessing the effectiveness of measures in the field of deregulation of the Ukrainian economy]. Scientific Bulletin of Uzhhorod University, "Economics" series, 2 (46), 59–65. [in Ukrainian].
dc.relation.referencesen32. Kneisler, O. V. (2015). Metodolohiia klasyfikatsii finansovykh potokiv strakhovykh kompanii. [Methodology of classification of insurance companies financial flows] Ekonomichnyi analiz, 20, 157–163 [in Ukrainian].
dc.relation.referencesen33. Laktionova, O. (2016). Hnuchkist finansovoii systemy: metodolohiia, otsinka ta vektory zabazpechennia [Flexibility of the financial system: methodology, evaluation and vectors]. Vinnytsia. [in Ukrainian].
dc.relation.referencesen34. Lomachynska, I. (2009). Teoretyko-metodolohichni osnovy mekhanizmu zbalansuvavvia finansiv pidpryiemstv [Theoretical and methodological bases of the mechanism of finances of enterprises balancing. Odessa National I.I. Mechnikov University, 71–83. [in Ukrainian].
dc.relation.referencesen35. Martiusheva, L. (2011). Metodolohichni osnovy orhanizatsiii finansovoii bezpeky pidpryiemstva [Arrangement of methodological principles of enterprise financial security]. Financial Space, 1 (1), 85–90. [in Ukrainian].
dc.relation.referencesen36. Paientko, T. (2013). Instytutsionalizatsiia fiskalnoho rehuliuvannia finansovyh potokiv [Institutionalization of fiscal regulation of financial flows]. Monograph, Kyiv, "DKS center". [in Ukrainian].
dc.relation.referencesen37. Tulai, O. (2019). Metodolohichni aspekty dostidzhennia derzhavnyh finansiv [Methodological aspects of state finance studies]. Economic Forum, 1, 158–166. [in Ukrainian].
dc.relation.referencesen38. Reinhard H. Schmidt. (1982). Methodology and finance. Theory and Decision, 14(4), GoetheUniversität Frankfurt am Main.
dc.relation.referencesen39. Sean, Peek. (2020). Small Business Financing Options That Bypass Traditional Banks. Business Neus Daily.
dc.relation.referencesen40. Volokhova, I. (2014) Metodolohiia vyznachennia stupenia finansovoii detsentralizatsiii po vudatkah [Methodology of determination of degree of financial decentralization on charges]. European Journal of Economics and Management, 1, 84–90. [in Ukrainian]
dc.relation.referencesen41. Williams, C. (2007). Research Methods. Journal of Business & Economics Research (JBER), No. 5(3).
dc.rights.holder© Національний університет “Львівська політехніка”, 2020
dc.subjectresearch methodology in finance
dc.subjectprospective and current research
dc.subjectgeneral scientific methods of research in finance
dc.subjectempirical methods of research in finance
dc.subjecta complex of research methods in financial policy
dc.subjecteffectiveness research methodology in finance
dc.subject.jelB26;
dc.subject.jelB41;
dc.subject.jelG10;
dc.subject.jelG20;
dc.subject.jelG30;
dc.subject.jelI23
dc.subject.udc336
dc.subject.udc001.8
dc.titleMethodology of prospective and current research in finance
dc.typeArticle

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