A critical review of empirical research methodology in finance and accounting in Iran

Abstract

In this paper, an analytical-comparative approach seeks the problems in the methodology of empirical academic research in the fields of accounting and finance in Iran; and provides suggestions for improving the status quo. For this purpose, ten challenging issues that seem to be rooted in an erroneous perception of empirical research methodology has been analyzed. Conclusions based on a logical-comparative analysis indicate that the empirical research methodology in finance and accounting suffers from kind of distortion. Analyzed the historical roots suggests that the main factor of this distortion is a skewed foundation of the architecture from the very beginning. Finally, adjustments to correct this distortion require collaboration, empathy and efforts of teachers in both finance and accounting.

Keywords

• Methodology
• financial empirical research
• accounting empirical resaerch
• positive approach
• normative approach