How to Do Research on Business and Economics




How to Do Research on Business and EconomicsResearch on business and economics draws on a wider variety of source types than most other academic disciplines. A single research paper in this field might require peer-reviewed journal articles from economics and management journals, financial data from government agencies and stock exchanges, corporate filings from regulatory bodies, industry reports from market research firms, and statistical datasets covering macroeconomic indicators or consumer behavior. This breadth makes the discipline both rich in available evidence and demanding in the range of databases and tools a student must learn to use effectively. This guide, part of iResearchNet’s How to Do Research series, covers the primary academic databases, government data sources, corporate information repositories, and professional resources that U.S. college and university students need for research papers in business, economics, finance, accounting, marketing, management, and related fields.

Academic Databases for Business and Economics

EconLit

EconLit, produced by the American Economic Association (AEA), is the primary bibliographic database for economics. It indexes journal articles, working papers, book reviews, dissertations, and collective volume articles across all subfields of economics, from microeconomic theory and labor economics to development economics and econometrics. EconLit uses the Journal of Economic Literature (JEL) classification system to categorize research by subject, which allows students to search by standardized codes rather than relying solely on keywords. A student researching monetary policy, for instance, can search under JEL code E52 (Monetary Policy) to retrieve articles classified under that heading regardless of the specific terminology each author used. Most U.S. university libraries provide access to EconLit through EBSCO or ProQuest.

Business Source Complete

Business Source Complete (EBSCO) is the most extensive academic database for business research. It indexes more than 3,400 journals — including the full text of more than 1,300 peer-reviewed titles — and covers all areas of business: management, marketing, finance, accounting, international business, organizational behavior, supply chain management, and corporate governance. The database also includes company profiles, industry reports, country economic reports, SWOT analyses, and market research reports. For students writing research papers that combine theoretical analysis with applied business data, Business Source Complete often serves as a one-stop resource.

SSRN

The Social Science Research Network (SSRN) hosts working papers and preprints in economics, finance, accounting, management, law, and related fields. SSRN papers are freely accessible and often represent the most current research available — many appear months or years before their peer-reviewed versions are published. The tradeoff is that SSRN papers have not undergone peer review, so their findings should be treated with appropriate caution. When a peer-reviewed version of an SSRN paper exists, the published version should be cited. SSRN is particularly valuable for research on recent financial events, regulatory changes, and emerging topics where the peer-reviewed literature has not yet caught up.

NBER Working Papers

The National Bureau of Economic Research (NBER) publishes working papers by leading economists on topics spanning macroeconomics, labor, public finance, health economics, industrial organization, and international trade. NBER papers carry significant weight in the discipline — many of the most influential economics papers of the past several decades first appeared as NBER working papers before publication in top journals. Most university libraries provide access to the full NBER working paper series, and abstracts are freely available on the NBER website. Students should note that NBER working papers, like SSRN papers, are not peer-reviewed, though they are typically authored by established researchers affiliated with the NBER.




Additional Databases

Several other databases serve specialized areas within business and economics. ABI/INFORM (ProQuest) indexes business journals, trade publications, dissertations, and industry reports. Accounting & Tax Database (ProQuest) covers accounting, auditing, taxation, and financial management. JSTOR archives complete runs of major economics and business journals, making it essential for historical and foundational research. Google Scholar provides broad indexing and citation tracking across all disciplines, including business and economics; students should configure Library Links (under Settings) to connect Google Scholar to their university’s subscriptions.

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Government Data Sources

Business and economics research depends heavily on quantitative data, and U.S. government agencies are among the world’s most prolific and reliable producers of economic statistics. Students should be familiar with the major government data portals relevant to their subfield.

FRED (Federal Reserve Economic Data)

FRED, maintained by the Federal Reserve Bank of St. Louis, is the single most important free data resource for macroeconomic research. It provides access to more than 800,000 economic time series from dozens of national and international sources, including GDP, inflation, unemployment, interest rates, exchange rates, money supply, consumer prices, housing starts, and hundreds of other indicators. FRED’s graphing and download tools allow students to visualize trends, compare variables, and export data for statistical analysis. For any research paper that involves macroeconomic data — whether analyzing the effects of fiscal policy, tracking business cycles, or comparing economic performance across countries — FRED should be the first resource consulted.

Bureau of Labor Statistics

The Bureau of Labor Statistics (BLS) publishes detailed data on employment, wages, productivity, prices, and working conditions in the United States. Key datasets include the Current Population Survey (CPS), which provides monthly labor force statistics; the Consumer Price Index (CPI), which measures inflation; the Producer Price Index (PPI), which tracks wholesale prices; and the Occupational Employment and Wage Statistics (OEWS), which reports wages by occupation and geographic area. BLS data is essential for research papers on labor markets, income inequality, occupational trends, and cost-of-living analysis.

Census Bureau

The Census Bureau produces economic data through several programs beyond the decennial population census. The Economic Census, conducted every five years, provides the most detailed data available on U.S. businesses by industry, geography, and firm size. The American Community Survey (ACS) produces annual estimates of demographic and economic characteristics at the state, county, and metropolitan level. The Survey of Business Owners provides data on minority-owned, women-owned, and veteran-owned businesses. For research papers involving demographic analysis, market size estimation, regional economic comparison, or small-business dynamics, the Census Bureau’s data products are indispensable.

SEC EDGAR

The Securities and Exchange Commission (SEC) requires publicly traded companies to file regular disclosure documents, all of which are freely accessible through the EDGAR (Electronic Data Gathering, Analysis, and Retrieval) system. Key filings include the 10-K (annual report with audited financial statements), the 10-Q (quarterly financial report), the 8-K (current report on material events), the DEF 14A (proxy statement with executive compensation data), and the S-1 (registration statement for initial public offerings). Students writing research papers on corporate finance, governance, executive compensation, mergers and acquisitions, or any topic requiring firm-level financial data should learn to retrieve and read SEC filings directly.

Additional Government Sources

The Bureau of Economic Analysis (BEA) produces national income and product accounts, including GDP and its components, personal income and spending data, and international trade and investment statistics. The Federal Reserve Board publishes data on monetary policy, banking system conditions, household finance (through the Survey of Consumer Finances), and financial stability. The Congressional Budget Office (CBO) produces nonpartisan analyses of fiscal policy, budget projections, and the economic effects of proposed legislation. The International Monetary Fund (IMF) and the World Bank provide international economic data, cross-country comparisons, and development statistics.

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Corporate and Industry Information

Research papers in business often require information about specific companies, industries, or markets. Several categories of sources serve this need.

Company Information

Publicly traded U.S. companies are required to disclose financial and operational information through SEC filings (described above), which constitute the most authoritative source of company data. Beyond filings, several subscription databases available through university libraries provide curated company information. Mergent Online offers company reports, financial data, and historical information for publicly traded firms worldwide. S&P Capital IQ provides detailed financial data, company profiles, and screening tools. For private companies, where disclosure requirements are minimal, data sources are more limited; PrivCo (available at some university libraries) provides financial data on major private companies, and Dun & Bradstreet’s databases cover a broader range of firms.

For freely accessible company research, the annual reports that companies publish on their investor relations websites often provide narrative context — strategic priorities, risk factors, competitive positioning — that supplements the raw financial data in SEC filings. Analyst reports, available through some library databases (such as Investext through Thomson ONE or S&P Capital IQ), offer professional assessments of company performance and industry position.

Industry Reports

Industry-level analysis requires data on market size, competitive structure, growth trends, and regulatory environment. IBISWorld provides detailed reports on hundreds of U.S. industries, including market size, competitive landscape, cost structure, and outlook. Statista aggregates statistics from thousands of sources and presents them in accessible chart and table formats, covering industries, consumer behavior, and market trends globally. MarketLine (formerly Datamonitor) publishes industry profiles and company profiles with competitive analysis. Many university libraries subscribe to one or more of these services.

For freely accessible industry data, the Census Bureau’s North American Industry Classification System (NAICS) provides the standard framework for classifying businesses by industry, and the Economic Census (published every five years) provides the most detailed government data on industry structure and performance.

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Working with Financial Statements and Data

Many business research papers require students to work directly with financial data — analyzing a company’s profitability, comparing performance across firms, or testing hypotheses about the relationship between financial variables and business outcomes. Understanding how to locate, read, and interpret financial statements is a foundational skill for research in finance, accounting, and corporate strategy.

Reading Financial Statements

A public company’s financial statements consist of four primary documents: the income statement (which reports revenues, expenses, and net income over a period), the balance sheet (which reports assets, liabilities, and shareholders’ equity at a point in time), the cash flow statement (which reports cash inflows and outflows from operating, investing, and financing activities), and the statement of shareholders’ equity (which reports changes in equity over a period). These statements appear in the company’s 10-K filing (annual) and 10-Q filing (quarterly) on EDGAR. They also appear in the company’s annual report, typically available on its investor relations webpage.

Students should be aware that financial statements follow standardized accounting principles — Generally Accepted Accounting Principles (GAAP) in the United States and International Financial Reporting Standards (IFRS) for many non-U.S. companies — but that significant judgment is involved in their preparation. Two companies in the same industry may report similar transactions differently depending on their accounting choices regarding revenue recognition, depreciation methods, inventory valuation, and other policies. The notes to the financial statements (which accompany every 10-K and annual report) explain these choices and are essential reading for any student analyzing company financials in a research paper.

Financial Ratios and Comparative Analysis

Financial ratios — profitability ratios (return on assets, return on equity, net margin), liquidity ratios (current ratio, quick ratio), solvency ratios (debt-to-equity, interest coverage), and efficiency ratios (asset turnover, inventory turnover) — allow students to compare companies of different sizes and to track a company’s performance over time. Many library databases, including Mergent Online and S&P Capital IQ, calculate these ratios automatically, but students should understand the underlying formulas and what each ratio measures to interpret results correctly and to identify limitations.

Industry benchmarks — average ratios for companies in the same NAICS industry code — provide context for evaluating whether a particular company’s ratios are above or below the norm. Without industry benchmarks, a debt-to-equity ratio of 2.0 is uninterpretable; with the knowledge that the industry average is 1.5, the same ratio signals higher-than-typical debt reliance. Students should report the benchmark source and the comparison group used when presenting ratio analysis in a research paper.

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Data Analysis Tools and Software

Business and economics research increasingly requires facility with data analysis software. The choice of tool depends on the type of analysis and the student’s level of training, but familiarity with at least one statistical or analytical tool is becoming a standard expectation in upper-division and graduate courses.

Microsoft Excel remains the most accessible tool for basic financial analysis, data organization, pivot tables, and chart creation. For students conducting statistical analysis — regression, hypothesis testing, time series analysis — more specialized tools are appropriate. Stata is widely used in economics departments and supports a broad range of econometric techniques. R is a free, open-source programming language with extensive statistical packages, increasingly used in both economics and business research. Python, particularly its pandas, statsmodels, and scikit-learn libraries, is used for data manipulation, statistical analysis, and machine learning applications. SPSS is common in marketing research and organizational behavior.

Many U.S. universities provide access to Stata, SPSS, or SAS through campus computer labs or virtual desktop environments. Students who are unfamiliar with these tools should take advantage of introductory workshops offered by their department or library, and should begin learning the software early in the semester rather than the week before data analysis is due. Online resources — including Stata’s official documentation, R tutorials through DataCamp or Coursera, and university-produced video tutorials — provide supplementary instruction that students can consult as needed.

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Conducting Case Studies in Business Research

Case study research is a distinct methodological approach in business scholarship that involves in-depth analysis of a single firm, industry event, strategic decision, or organizational phenomenon. Unlike large-sample quantitative studies that test general hypotheses across many observations, case studies develop detailed understanding of particular instances and are valued for their ability to capture complexity, context, and process.

In academic business research, case studies draw on multiple data sources — SEC filings, annual reports, press coverage, industry reports, executive interviews, and secondary scholarship — to construct a narrative that addresses a specific research question. A case study of a company’s response to a supply chain disruption, for instance, might combine financial data (from EDGAR and Mergent), news coverage (from LexisNexis or Factiva), industry context (from IBISWorld), and theoretical framing (from management journals) to analyze how the company’s decisions reflected or contradicted established theory.

Students writing case-study research papers should be explicit about their case selection rationale — why this particular company or event is informative for the question at hand — and should ground their analysis in an established theoretical framework from the relevant business or economics literature. A case study without theoretical grounding risks becoming merely descriptive; the theoretical lens is what transforms description into analysis and connects the specific case to broader scholarly conversations.

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Research Methods in Business and Economics

Business and economics research employs both quantitative and qualitative methods, and the choice of method should follow from the research question.

Quantitative Methods

Quantitative research is dominant in economics and in many areas of business (finance, accounting, marketing analytics, operations). Students conducting quantitative research must locate appropriate datasets, apply statistical techniques, and report results in standard formats. Common approaches include regression analysis (estimating the relationship between variables while controlling for confounding factors), event studies (measuring the effect of a specific event on stock prices or other financial outcomes), difference-in-differences analysis (comparing treatment and control groups before and after a policy change), and descriptive statistical analysis (summarizing patterns in large datasets through means, distributions, and correlations).

Software tools commonly used in business and economics research include Stata, R, Python, and Excel. Many university economics and business departments provide access to Stata or R through campus computer labs, and online tutorials for these tools are widely available. Students writing papers that involve data analysis should describe their methodology, data sources, and statistical techniques in sufficient detail that a reader could replicate the analysis.

Qualitative Methods

Qualitative research — case studies, interviews, archival analysis, and ethnographic fieldwork — is more common in management, organizational behavior, entrepreneurship, and international business than in economics or finance. A case study of a company’s strategic response to a market disruption, for example, might draw on executive interviews, internal documents, press coverage, and industry analysis to construct a narrative that illuminates broader theoretical questions. Students undertaking qualitative research in business should ground their analysis in an explicit theoretical framework and should explain their data collection and analysis methods transparently.

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Key Journals in Business and Economics

Familiarity with the major journals in a field helps students identify the most credible sources and understand the standards of evidence and argument that reviewers expect. In economics, the top general-interest journals include the American Economic Review, the Quarterly Journal of Economics, the Journal of Political Economy, Econometrica, and the Review of Economic Studies. Field journals — such as the Journal of Labor Economics, the Journal of Financial Economics, the Journal of Public Economics, and the Journal of Development Economics — publish specialized research within subfields.

In business, the leading journals vary by area. The Academy of Management Review and the Academy of Management Journal are the top outlets in management. The Journal of Marketing, Marketing Science, and the Journal of Consumer Research lead in marketing. The Journal of Finance, the Review of Financial Studies, and the Journal of Financial Economics dominate finance. The Accounting Review and the Journal of Accounting Research lead in accounting. For applied and interdisciplinary research, the Harvard Business Review and the MIT Sloan Management Review publish practitioner-oriented articles that, while not peer-reviewed in the traditional sense, are widely cited and respected.

Students should learn to distinguish between academic journals (peer-reviewed, written by scholars for scholars) and trade publications (written by journalists or practitioners for industry audiences). Both have value for research papers — academic journals provide the theoretical and empirical foundation, while trade publications provide current industry context — but they serve different functions and carry different evidentiary weight.

The path from research idea to published article in economics and business is often long, and students should understand the different stages at which a paper may be available. Working papers — posted on SSRN, NBER, or departmental websites — represent research in progress. They have not been peer-reviewed but are often authored by established scholars and may contain the most current findings on a topic. Published articles in peer-reviewed journals have undergone formal review by independent experts and represent the discipline’s vetted knowledge base; they carry the most weight in a research paper’s bibliography.

Conference proceedings — papers presented at academic conferences such as the AEA annual meeting, the Academy of Management conference, or the Western Finance Association meetings — occupy a middle ground. They have typically been accepted through a competitive review process but have not undergone the full peer review that journal publication requires. Some conference papers are later published in journals, often in revised form. Students may cite conference papers when no published version exists, but should check whether a journal version has since appeared and cite that version if available.

The citation lag in academic publishing — the time between when research is conducted and when it appears in a journal — means that students researching recent events (a financial crisis, a regulatory change, a market disruption) may need to rely more heavily on working papers, policy reports, and quality journalism than on peer-reviewed articles. Acknowledging this reliance and explaining the source hierarchy used in the paper demonstrates methodological awareness.

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Research Ethics and Data Integrity in Business Research

Business and economics research raises specific ethical considerations that students should be aware of, particularly when conducting original research or working with company-level data.

Conflicts of interest are a persistent concern in business research. A study of a pharmaceutical company’s pricing practices funded by the company itself raises different credibility questions than an independently funded study of the same topic. Students should note the funding sources of studies they cite and should consider whether financial relationships might have influenced the findings. Disclosures of funding and conflicts of interest typically appear in the acknowledgments section of published articles.

Data integrity requires that students report data accurately and transparently, including data points that do not support their hypothesis. Selectively presenting only favorable results — sometimes called “cherry-picking” — violates basic standards of academic honesty. When financial data or statistical results are ambiguous or mixed, the student should present the full picture and discuss possible explanations for inconsistencies rather than suppressing inconvenient findings.

When conducting original survey or interview research involving business professionals, the ethical requirements described in iResearchNet’s guide to original research apply: informed consent, confidentiality of respondents, accurate representation of views, and — where required by the institution — IRB approval. Interviews with corporate executives or employees may involve additional sensitivities around proprietary information, and students should clarify at the outset what information may and may not be included in the paper.

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Professional Associations and Their Resources

The major professional associations in business and economics publish journals, maintain career resources, and host conferences whose proceedings can be valuable research sources.

The American Economic Association (AEA) publishes the American Economic Review and several other leading journals, maintains EconLit, and hosts an annual meeting whose papers are often available online. The Academy of Management (AOM) publishes the top management journals, hosts an annual conference, and maintains a digital library of proceedings. The American Finance Association publishes the Journal of Finance. The American Marketing Association publishes the Journal of Marketing and Journal of Marketing Research. The American Accounting Association publishes the Accounting Review.

These associations’ websites often include working paper repositories, syllabi collections, teaching resources, and links to datasets that students can use for research. Graduate students and advanced undergraduates may find it worthwhile to register for student memberships, which typically include journal access and conference discounts at reduced rates.

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Frequently Asked Questions

Where do I find financial data on a specific company?

For publicly traded U.S. companies, SEC filings through EDGAR provide the most authoritative financial data, including income statements, balance sheets, and cash flow statements. The company’s investor relations page typically provides annual reports and earnings presentations. University library databases like Mergent Online and S&P Capital IQ provide curated financial data with screening and comparison tools. For private companies, data availability is much more limited; PrivCo and Dun & Bradstreet are the primary sources.

What is the best database for economics research?

EconLit is the discipline’s primary database, and most economics research projects should begin there. For working papers and preprints, SSRN and NBER provide the most current research. For macroeconomic data, FRED is indispensable. For broad interdisciplinary searching and citation tracking, Google Scholar complements EconLit. The most effective approach uses multiple databases, since each covers different source types and time periods.

How do I cite corporate filings and government data?

Citation formats for government data and SEC filings follow the rules of the student’s required citation style. In APA style, a government report is cited with the agency as author (e.g., Bureau of Labor Statistics, 2025), followed by the report title and URL. SEC filings are cited with the company name, the filing type and date, and the EDGAR URL. In Chicago style, similar information appears in footnotes or endnotes. Students should consult their style guide’s section on government documents and online sources for specific formatting rules.

Can I use the Wall Street Journal or Bloomberg as sources?

Business journalism from established outlets — the Wall Street Journal, the Financial Times, Bloomberg, Reuters — can provide valuable current-event context, market data, and industry analysis. These sources are appropriate for establishing factual background (a company’s stock price on a given date, a policy announcement, an earnings report) but should not substitute for peer-reviewed academic analysis when the paper’s argument requires theoretical grounding or empirical evidence. Most instructors accept business journalism as supplementary sourcing alongside a core of peer-reviewed articles.

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