GROUP 1 ASSIGNMENT_RESEARCH DESIGN.docx - UNIVERSITY OF...

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UNIVERSITY OF NAIROBI MSC FINANCE RESEARCH METHODOLOGY IN FINANCE COURSE CODE: DFI 513 GROUP 1 RESEARCH DESIGN SCHOOL OF BUSINESS
GROUP MEMBERS NAME REG NO Bonface Muyanda Masinde D63/7556/2017 Rosemary Muriuki D63/8001/2017 Carolyne Mwobobia D63/27325/2019 Lydia Njoki Mugo D63/27387/2019 Joseph Kimuyu D63/29247/2019 Mutai Lynnet Chebet D63/30017/2019
CONTENT 1. Introduction: Research Design 2. Nature of Research Design 3. Importance of Research Design 4. Types of Research Design 5. Factors Affecting Selection of Research Design 6. Unit of Analysis 7. Time Horizon 8. The Ethics of Research Design 9. References
INTRODUCTION Research is a diligent systematic work undertaken to increase knowledge, it involves collection, investigation & analysis of information with consideration to existing conclusions & regard to discovered facts. The process of research is guided by the research design which outlines the framework of research methods & techniques to be used by the researcher. It gives a broad plan that states the objective of research project giving guidelines of what is to be done to achieve the objectives. Research design guides the researcher to align the suitable methods for the subject matter. It outlines how the research will be carried out and the methods that will be used. The research approach determines the relevance of information obtained to ensure the investigation is a success. It also serves as a masterplan of executing the project The design of the research topic explains the type of research to be undertaken, an answer to your research question which can take the form of; 1. Exploratory Research- the aim of this research is to explore. This is based on the available knowledge which may rank as little or none. 2. Descriptive Research- this is based on topics which already good information is available, but the researcher wants to know more and make better prediction with more accuracy & precision in future. 3. Explanatory research- this is mainly considered to be either casual or predictive. The researcher will mainly look at the causes and their relationships. The reasoning behind how and why one thing causes another to occur or change Purpose of research design is to outline; The purpose of the study; provide answers to research question The study setting Type of investigation Time horizon and level at which data will be analyzed
NATURE OF RESEARCH DESIGN A Research Design is a general plan of how you will go about answering research questions. It constitutes the decisions regarding; what, when, how much, by what means. It is the arrangement of conditions for collection and analysis of data in a manner that aims to combine relevance to research purpose with economy in procedure. It constitutes a blueprint for collection, measurement and analysis of data.

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