Triangulation Approaches in Finance Research

Abstract

The purpose of this study is to critically and comprehensively review the ways and means of using triangulation in finance research to overcome the current drawbacks arisen from a single approach. Employing systematic literature review method, the findings divulged that the finance based research studies on quantitative methods, behavioural and proxy variables should be further validated through triangulation approaches, thereby increasing the validity, completeness, confirmation, and confidence over findings, minimizing the inherent weaknesses of single-method approaches, and avoiding contradictions over explanations. This study is the first comprehensive review of the uses of triangulation in finance research and it demonstrates how, why and under what circumstances can triangulation be meaningfully integrated and implemented to provide a deeper and comprehensive understanding of finance phenomena.