| Unit name | Empirical Accounting and Finance |
|---|---|
| Unit code | EFIMM0093 |
| Credit points | 15 |
| Level of study | M/7 |
| Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
| Unit director | Dr. Shan |
| Open unit status | Not open |
| Units you must take before you take this one (pre-requisite units) |
EFIMM0091 - Quantitative Methods for Accounting and Finance |
| Units you must take alongside this one (co-requisite units) |
Nil |
| Units you may not take alongside this one |
N/A |
| School/department | School of Accounting and Finance - Business School |
| Faculty | Faculty of Social Sciences and Law |
Why is this unit important?
It's important for the students to be exposed to leading empirical research in various areas of accounting and finance and learn how to develop their own research project. This unit focus on this part with an emphasis on critical assessment of the existing theoretical and empirical literature, obtaining and organising data, analysing it with relevant methods and techniques using econometric software and writing up the results in a formal fashion.
How does this unit fit into your program of study?
This unit prepares Msc. in Accounting and Finance students to work on a quantitative empirical accounting or corporate finance dissertation in the summer. It also acts as an extension for EFIMM0091, in which students learn econometric skills
An overview of content
The aim of this unit is to introduce students to doing quantitative empirical research in accounting and finance. The first part of the unit covers principles of conducting accounting and finance research, doing the literature review and working with Stata and with financial databases. The second part of the unit focuses on practical implementation of selected quantitative research methodologies, with a focus on causal inference.
How will students be different as a result of the unit
In the unit, the students are exposed to leading empirical research in various areas of accounting and finance and learn how to develop their own research project, with an emphasis on critical assessment of the existing theoretical and empirical literature, obtaining and organising data, analysing it with relevant methods and techniques using econometric software and writing up the results in a formal fashion. This unit prepares students to work on a quantitative empirical accounting or corporate finance dissertation in the summer.
Your learning on this unit:
By the end of the course, students will have to:
1) Critically apply available empirical methods in accounting and finance;
2) Discuss the limitations of such quantitative methods;
3) Do a literature review;
4) Reflect on potential new problems and ideas that could be addressed with the quantitative methods applied on the course.
The unit is literature-based and aims to develop the necessary skills for students to do research independently. There will be questions and student presentation in tutorial sessions as formative exercise. Verbal feedback are provided to help the students achieving their study goal.
Tasks which help you learn and prepare you for summative tasks (formative):
There will be questions and student presentation in tutorial sessions as formative exercise. Verbal feedback are provided to help the students achieving their study goal. The timing of formative assessment will be at tutorial sessions
Tasks which count towards your unit mark (summative):
There will be two summative assessments
When assessment does not go to plan
The students are expected to resubmit the research proposal
If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.
If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0093).
How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours
of study to complete. Your total learning time is made up of contact time, directed learning tasks,
independent learning and assessment activity.
See the Faculty workload statement relating to this unit for more information.
Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit.
The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an
assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates
within the Regulations and Code of Practice for Taught Programmes.
