I would put here a lot of the items that are extremly important for any research discsipline. I will follow with another list of tools that are needed for financial reaserch.
For any kind of research one needs:
- Strong exposure to research methodology, ethics, and norms
- Solid comprehension of statistics and statistical measures, tests and appropriate interpretation
- Clear style for reviewing the literature
- Access to academic scholary databases and libraries
- Critical understanding and assessement of literature
- Ability to narrow down on a resaerch topic that is not too wide and not too narrow.
- Ability to classify and organize readings on the go
- Following a strong reaseach methodology course with an experiences professor. Unfortunately, I have seen so many methodology courses that fit anywhere but in a methodological paradigm. Students coming from different backgrounds into the Phd program, needs refined methodological courses that help them find their way into the academic research areana and fix their feets. I had to read a lot on my own to cover this gap in my studies. Yet, I can not claim that I mastered the methodology I should follow.
- Invest enough time to grasp all the required stastical concepts and know the ins and outs of the statistal package mostly used for that discsipline. It would save you tens of hours in modeling and debugging if you really know the tool you are using extremly well.
- Work with an experienced researcher on the literature review part in order to improve your skills and learn the tricks that others are following. This would be a great step to get you on track with something that is easier to collect, classify, digest and then reproduce from your resaerch point of view. There are a lot of tools that would help succeed in doing a great literature review. One of my supervisor advised me to get this book: "Fink, A. (1998). Conducting Research Literature Reviews: From Paper to the Internet. Sage Publications, Inc.". It is available on amazon but I have borrowed it from Concordia University library. There is another resource to hint on how to conduct your own review at this page:
- The last point I woudl like to mention in this area is the access to a rich collection of books and electronic resources. Your unversity library should have a lot of what you are looking for. Do not let books sitting on cold dark shelves. Go on and use those books. We are paying a lot for these collections and more than 80% of it goes by unnoticed for many years. In the golden age of libraries, we used to find books with torn pages. Now, I get a lot of books untouched. Really brand new. I would like to note that Concordia Library has one of the richest collections I have even seen in a Library especially for some disciplines that students rearely goes into. We are very lucky in Montreal, if the book is not available in Concordia, McGill is there, HEC or even UQAM. A wealth of knowlege waiting for someone to dig and mine into its pages.
- Fink's book
- Statistical Packages (Matlab in my case)
- Firefox and Zotero (For bibliographical referncing). I prefer Zotero over RefWorks or EndNotes.
- mediaWiki (Really? Are you sure? Yes absolutely)