Pragmatic Research in Finance

Abstract

Research in the field of finance is dominated by positivist paradigm. The presents study aims to highlight the need of finance research from pragmatic perspective. Pragmatic point of view focuses on practical applied research, by integrating different perspectives to help interpret the data using mixed or multi method design. The study explains the advantages of mixed methods after elaborating differences, similarities, advantages and disadvantages of both quantitative and qualitative research. The study also entails the process of mixed methods and identified the potential areas to apply mixed methods research in accounting and finance.  The study explains that research in the field of finance is dominated by the positivist paradigm. Methods used are quantitative and research is undertaken in a value-free way, the researcher is independent of the data and maintains an objective stance. The study argued that the use of pragmatic research can reduce the issues related to singular method studies.