Empirical Evidence Would Beconsidered Modidy The
modify the essay and add more your own opinion. do not cheating and copy.
you will need to write
and present a scholarly literature review on a relevant topic in finance. A list of potential topics
will be provided by the instructor. You are not limited to the topics recommended by the
instructor; however, your topic must be approved by the instructor before you begin.
The paper should reference scholarly research on the selected topic of your choice. You may
use online and other non-peer-reviewed resources if necessary; however, at least 10 references
must come from peer-reviewed journal articles. Major journals in finance include Journal of
Finance, Review of Financial Studies, Journal of Financial Economics, Journal of Financial
and Quantitative Analysis, Journal and Banking and Finance, Financial Analysts Journal,
Financial Management, and Journal of Corporate Finance, among many others. Online
resources such as Google Scholar and those provided through the University library will
provide you with access to many of these articles. The completed research paper should be at
least 15 pages in length, not including the references, and be typed using 12-point, doublespaced font.
It is up to you to decide the exact structure of the research paper; however, it should contain an
abstract and a conclusion. The structure of the body of the paper is up to you, but the paper
should cover the following topics:
1. Abstract: An abstract should include a brief summary of the theories you discuss, the
current status of the empirical literature on the subject, and the potential avenues for future
research. The abstract should be limited to approximately one page, double-spaced.
2. Review of major theories: You should outline the major relevant theories in the literature
regarding your topic. If you wish, you may devote subsections to each
competing/complementary theory. For each theory, you should be sure to discuss the
assumptions (if any), outline the theoretical model, and discuss the model’s implications.
You may also discuss how to test each theory and what empirical evidence would be
considered supporting or rejecting each theory. You should be sure to properly cite all
theories and empirical research, as well as any direct quotes from other sources.
3. Summary of the major empirical findings: You should also outline the major empirical
findings that test the theories you outline in the paper. Each theory will have its own
empirical predictions, testing samples, and testing methodologies, and the same theory is
often tested in many different ways. You should review the major empirical literature and
discuss how each theory is tested empirically, report the findings of major research, and
discuss the implications of the research for the current validity of the underlying theories.
Again, you should be sure to cite all the relevant articles to which you reference.
4. Future Research Prospects: As a final analysis of your literature review, you should
attempt to describe how researchers may add to the literature in the future through both
theoretical and empirical developments. Based on your analysis of the current status of the
theoretical and empirical literature, you should summarize what you think are the most
relevant ways to expand current literature in order to gain further insight on an issue in
finance. Even if the research avenue you suggest is not possible at this time, due to data
availability, or any other reasons, you may still discuss how the issue may be tested and
why it would add to the literature on the issue. If possible, discuss any empirical testing
strategies you might employ and present and interpret the hypotheses that such a strategy
would test.
5. Conclusion: In the conclusion, you should again briefly summarize the theories you
identify and discuss in the paper, the status of the related empirical evidence on the topic,
and what avenues you identify for future research on the topic.
6. References: You should include a references section at the end of the paper with complete
references to the works of others to which you have referred in the paper. In the references
section, be sure to include all relevant information, such as the author’s name, year of
publication, title of article, publishing journal, and journal volume and page number. For
Example:
Hippler, W.J., and Hassan, M.K. 2015. The Impact of Macroeconomic and Financial Stress
on the U.S. Financial Sector. Journal of Financial Stability 21. 61 – 80.
Be sure to also cite references in the text as well using the author’s last name and the year
of publication. For example, “Hippler (2016) outlines a theoretical model…”. Also include
the page number if you are using a direct quote.
As a final fulfillment of the research component of this course, you should prepare a
presentation of your research paper for presentation on the last day of class. You should design
a PowerPoint presentation that summarizes what you report in the paper. The