Possible limitations of the research
? Reading through the questionnaires and interviews carefully and coding them after the event in relation to the types of answers, themes and issues, and then categorizing of response (keeping a note of what the codes refer to). ? Then by asking some questions like what are the answers that keep repeating, what are the deviations from these answers, and Are there themes emerging? Contradictions? Then it would be possible to draw some relative generalizations.
The data will be gathered and analyzed using statistical information, correlation and noting possible linear regression models to define the factors effecting the foreign exchange and interest rate risk management. The research study and statistical implications will then be developed for the final research document arrangement.
LACK OF LITERATURE DONE SO FAR CONCERNING THE DISCLOSURE OF RISK IN ANNUAL REPORTS MIGHT REPRESENTS A MAJOR OBSTACLE. ? Another limitation might be lack of time. The researcher will follow a hybrid approach in data collection which will include interviews and questionnaires.
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Collecting data through these methods, analyzing and demonstrating them is time consuming and the researcher does not have much time. ? There might be challenges in convincing to gain access to the relevant information required within the companies I intend to research. Confidentiality has been a barrier before researchers. It is required to reassure the firm that all data and information collected will be treated in the strictest confidence. ? When attempting to send questionnaires to shareholders, it might be difficult to access companies’ shareholders databases in order to send them these questionnaires.
STUDY TIME TABLE: ? The study will be undertaken according to the following Gantt Chart Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Introduction Literature Review Methodology Interviews Data Interpretation Results Compilation Results and Conclusion References: ? Day, J. 1986. The use of annual reports by UK Investment Analysts. Accounting and Business Research, 16 (64): 295-307. ? Dominowski, R, L, 1980. Research Methods. Prentice-Hall ? Easterby-Smith M. , Thorpe R. & Lowe A. , 1997, Management Research: an Introduction, London, Sage Publications. ? Elias, R. (1986).
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Information available from: www. mapnp. org/library/research/overview. htm ? Report to NASD Regulation, Inc. 1997. Shareholder Assessment of Bond Fund Risk Ratings, available from <http://www. icinet. net/issues/dis/arc-risk/97_nasd_volatility_rtgs1_com. html> ? Research solutions, 2005. Information available from: www. researchsolutions. co. nz/in_depth_interviews. htm ? Saunders M, Lewis P, & Thornhill A, 2000.
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Journal of Applied Accounting Research 7(1): 74-107. ? Uganda bureau of statistics, 2005. Information available from: www. ubos. org ? Van Horne, James C. , & Wachowicz John M. , (2001). Fundamentals of Financial Management, Eleventh Edition. ? Veal, A, J, 1997. Research Methods for Leisure and Tourism: A Practical Guide. Chatham, Kent, Pearson Education Limited. Questionnaire Is there a risk management department in your company? Yes No Is there an Interest & Foreign Exchange risk management department in your company? Yes No Do you intend to establish an Interest & Foreign Exchange risk management department in your company?
Yes No Do you feel that shareholders have a right to be conveyed about potential risks? Yes No Do you feel that shareholders have a right to be conveyed about potential Interest & Foreign Exchange risks? Yes No How do you rate the benefits of risk management in a company from 1-10 scale? How do you rate the benefits of Interest & Foreign Exchange risk management in a company from 1-10 scale? Do you see any negative impact of Interest & Foreign Exchange risk management? Yes No Interview Questions How would you define potential rewards of your company? How would you define potential associated risks of your company?
What are the potential rewards of your company? What are the potential associated risks of your company? How do you view the aspect of managing Financial Risk? What are your views on Interest & Foreign Exchange Risk Management? What are your views on Risk Management in general? How are you planning to implement Risk Management techniques in your company? What are your views on a successful Interest & Foreign Exchange Risk Management schedule? What are your opinions regarding shareholders in the context of Risk Management? What are your opinions regarding shareholders in the context of Interest & Foreign Exchange Risk Management?