In analyzing the business problem, two problems have been identified from the scenario given in prior. The two problems are “the viability in locating the firm to London’s Canary Wharf and financial district” and “why financial institutions cluster around the financial district despite the high cost”.
These two problems comprises of risks involve in locating financial institutions in a financial district and factors that influences the institutions in making a decision to cluster within the same or related financial industry sector. It also comprises of advantages and disadvantages of clustering that also helps in the decision-making.
In the diagram above, the topic, financial cluster, has been analyzed and categorized into four categories: When, Where, What and Who. ‘When’ shows the time frame of journal articles and reports to use for the research. ‘Where’ includes places that are relevant that could help in better understanding of the topic. ‘What’ helps to identify the relevant information needed in finding the possible solutions to the research problem. ‘Who’ is to identify the relevant people or organizations that are involve in the topic.
With this, research questions can be formed so as to create a focus and to frame which direction this research will be taking. The three research questions are:
- Which important factors influence the firms most in choosing a financial cluster?
- How successful is clustering in creating finance innovation within the cluster?
- How reluctant are firms in relocating to less mature financial clusters or decentralizing?
There are various definitions of cluster due to different types of industrial cluster that has its own characteristics and sustainability potential. But a general definition...
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... regarding financial cluster concepts and the relationship between factors like innovation. Also, research questions are actually testing theories where firms being reluctant to relocate and clustering helps in creating finance innovation.
The method will be quantitative as it will be testing the theories to get an interpretation. Using numerical data and statistics of firms to test the theories are more solid evidences compared to just observations. Statistics can involve graphs, measurements of quantitative variables that can be internal or ratio measurements.
The data collection will be descriptive and explanatory as plausible methods are tests and surveys where there are consolidation of data and questionnaires. The methods use will replication research method where the methods will be repeated from other relevant studies but with different inputs of variables.
In response to the question set, I will go into detail of the study, consisting of the background, main hypotheses, as well the aims, procedure and results gathered from the study; explaining the four research methods chosen to investigate, furthering into the three methods actually tested.
12). These are the most common methods that are being used. The difference between qualitative and quantitative methods concerns how the data are collected, where basically qualitative data focus on words while quantitative focus on numbers (Denscombe, 1998, p. 173-174).
The research question is the first and foremost initial step in the research process, because it defines the expected outcomes and drives the project design. So it should be clear and concise once the research question is formulated, the next is defining the terms and concepts used in the research process. A literature review is needed to clarify issues, gives an understanding to the researcher how others have formulated similar research questions and defines concepts.
There are two types of research that can be conducted in research studies, these are qualitative and quantitative (Newman, 2011). Qualitative research is a process that uses detailed oriented methodology that tries to achieve a profound knowledge or understanding of specific incident and circumstance, wh...
I will be using three focus questions to help assist and guide the study and structure this investigation. These
Sternberg, R. and Kiese, M. and Stockinger, D. (2008) ‘Cluster policies in the US and Germany: varieties of capitalism perspective on two high-tech states’ Environment and Planning C: Government and Policy 2010, 28, pp.1063-1082
This section is subdivided into three parts. The first part explores on the methodology employed in achieving the results. This section includes tools and approaches employed in the research. The second section contains the results from the research. The final section discusses these results to identify any correlation with the thesis statement and the implications of the outcome to the investors and creditors.
Data Collection and Analysis Questionnaire The research was carried out on both quantitative and qualitative approaches. It began with a quantitative approach—questionnaire. Bryman and Bell (2003) asserted that mail or postal questionnaires are the most popular forms of questionnaires. Another form—self-completion questionnaire—was also common because of the overlap with postal questionnaire to some extent.
Now within the rest of this paper you will be finding a few different things getting discussed. Staring it off we will be discussing the articles that we have found to make our arguments and hypotheses. After wrapping up the literature reviews we will be discussing the hypotheses thus continuing onto our variables and indicators. Once we discuss our hypotheses we will be moving onto the research design. The research design will have our general issues, sampling, and methods.
The nature of research instruments, the sampling plan and the type of data the research design constitutes the blueprint for the collection, the measurement and analysis of data. It aids the researcher in the allocation of his limited resources by posing crucial choices.
According to Creswell, (2013) in research methodology there are three approaches which are qualitative method, quantitative method and mixed method. In this study, the researcher only use quantitative method where it
This is followed in section 5 by an analysis of the recent changes in the banking industry. With the development of the financial system, declining entry barriers and the deregulation of the banking industry make banks no longer the monopoly suppliers of banking services and reduce their comparative advantages which they usually hold in the past. Whether the reasons give rise to the existence of banks are still powerful will be examined here, while section 6 offers a way of considering whether banks are declining by looking at the value added by the banks. When the value added by banks is examined, banks are not a financial intermediation, which not only conduct the traditional services but also provide more diversified
Block, S. B., & Hirt, G. A. (2005). Foundations of financial management. (11th ed.). New York: McGraw-Hill.
This chapter discussed the type of research design used, the place where the study is conducted, and the respondents of the study, the tools used to gather data, how the data and information are collected, and presentation of the comparison of data.
Financial theories are the building blocks of today's corporate world. "The basic building blocks of finance theory lay the foundation for many modern tools used in areas such asset pricing and investment. Many of these theoretical concepts such as general equilibrium analysis, information economics and theory of contracts are firmly rooted in classical Microeconomics" (Oaktree, 2005)