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ISSN: 2424-8401 (Print)

Journal Abbreviation: Finan Mar

Article Processing Charges (APC): Click here for more details

Publishing Model: Open Access

Journal no: 1P

Finance and Market is expected to provide an international platform for academic researchers and practitioners and policy makers from different background, who engage in the theoretical and empirical research of financial markets and derivatives. It is a high quality, peer-reviewed journal dedicates to serve as the primary source highlighting on original research that cover conceptual and applied issue that relating with trading strategy for investment, organizational theory, optimal order placement strategies, and analyses of short and long run horizon price behaviour.

  • Econometrics
  • Statistics-Economic Theory
  • Finance & Banking
  • International Economics
  • Macroeconomics
  • Securities Trading & Pricing
  • Marketing Analytics
  • Risk Factor
  • Financial Crisis
  • Payment System
  • Loans
  • Behavioral Finance
  • Emotional Finance
  • Global Banking System
  • Public Finance


  Vol 4, No 1 (2019)

Table of Contents

Original Article

by Robert A. Brown
193 Views, 0 PDF Downloads

Tactical Asset Allocation (TAA) has generally been misspecified, oversold, and subsequently underdelivered. Nevertheless, TAA offers a series of highly attractive investment attributes when adviser/client expectations are properly set and the strategy is appropriately positioned as a portion of a comprehensive investor solution. This article’s objective is three-fold. First, to identify the attractive investment attributes of TAA relative to passive buy & hold. Second, to quantify or parameterize these relative advantages so that users can better assess the relevance of TAA for their own specific needs. Third, this article’s last objective is to describe the give-ups or tradeoffs associated with TAA, so that it can be properly understood, communicated, and therefore applied to the correct portion of an investor’s aggregate portfolio.

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Original Article

by Merve Tuncay
194 Views, 0 PDF Downloads

The aim of this study is to investigate the determinants of banks’ financial performance in terms of the capital structure. Annual financial statements of 11 banks traded in Borsa Istanbul are employed for the period of 2006-2016. Return on assets, return on equity and earnings per share are chosen for financial performance measures. The independent variables related to the capital structure are capital adequacy, equity-to-asset, and financial leverage ratios. In addition, macroeconomic variables and bank-specific variables are also considered as control variables for the analysis. The data are analyzed by the panel data regression analysis as it provides more informative finding and less multicollinearity among variables than time series and cross-sectional analyzes.

The Hausman test results indicate that the random effects model is appropriate for the whole dependent variables. According to the findings; while equity-to-asset ratio affects return on assets positively, amongst the control variables specific to firms, firm size, asset quality and asset growth variables have significant effects on return on assets. It is found no significant effect of independent variables on return on equity, however, it is seen that asset quality has a negative and significant effect. Inflation and interest rates have a significant effect on both variables. Finally, it is seen that equity-to-asset ratio has a positive and significant effect on earnings per share. Only the effect of asset quality on earnings per share is found to be significant among the control variables. Findings of the study are consistent with the previous studies. In addition, the M&M views are not supported by the findings related to return on assets and earnings per share but the return on equity.

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Conflict-of-Interest

Conflict of interest can be either financial or non-financial. Authors submitting to USP journals are required to declare if they have any conflict of interest which may result in the data written in their article to be influenced by any personal or financial relationship with other people or organizations.

Financial Conflict of Interest include (but not limited to):

  • Receiving reimbursements, fees, funding, or salary from an organization that may in any way gain or lose financially from the publication of the article, either now or in the future.
  • Holding stocks or shares in an organization that may in any way gain or lose financially from the publication of the article, either now or in the future.
  • Holding, or currently applying for, patents relating to the content of the manuscript.
  • Receiving reimbursements, fees, funding, or salary from an organization that holds or has applied for patents relating to the content of the manuscript.

Non-Financial Conflict of Interest include (but not limited to):

  • political
  • personal
  • religious
  • ideological
  • academic
  • intellectual competing interests

Authors are required to declare both financial and%

 

Statement of Informed Consent

All papers submitted to our Journal should declare agreement with the following ‘statement of informed consent’. Any paper lacking it will not be considered for publication. When informed consent has been obtained, it should be indicated in the published article.

Patients have a right to privacy that should not be infringed without informed consent. All information which could contribute to identify patients, including patients’ names, initials, or hospital numbers, should not be published in written descriptions, photographs, etc., unless the information is essential for scientific purposes and the patient (or parent or guardian) gives explicit written informed consent for publication. For this purpose the manuscript should be shown to the patient before publication and specific and explicit informed consent should be obtained. Furthermore, individuals who provide writing assistance should be identified by the authors, and they must disclose the funding source for this assistance.

Identifying details should be omitted if they are not essential. However, since complete anonymity is difficult to achieve, informed consent should be obtained from each patient involved, if there is any doubt. If identifying characteristics are altered to protect anonymity, such as in genetic pedigrees, authors should provide assurance that alterations do not distort scientific meaning, and editors will note that.

Nonessential identifying details should be omitted. Informed consent should be obtained if there is any doubt that anonymity can be maintained. For example, masking the eye region in photographs of patients is inadequate protection of anonymity. If identifying characteristics are de-identified, authors should provide assurance that alterations do not distort scientific meaning, and editors will note that.

 

Plagiarism

USP does not approve any form of plagiarism used in submitted manuscript. All manuscripts submitted to USP journals will be checked for plagiarism by our managing editor before being passed to the Editor-in-Chief. Any manuscripts found to be in violation of plagiarism will be rejected by our managing editor.

 

Authorship

List those that have made significant contribution to the reported study as co-authors, and for others who have participated in certain aspects to be listed or acknowledged as contributors in their study. The corresponding author has to ensure that all co-authors have seen and approved the final version of the paper, and agree to its submission for publication.

 

Article Processing Charge (APC)

Like most other gold open-access journals, USP journals maintains our high quality of service through an 'author-pay' model. The scientific community and the general public have, for free, unlimited and immediate access to all content published in our journals as soon as it is published on the Internet. As such, manuscripts that are accepted for publication following peer review may incur a article processing charge (APC). Payment of this charge allows Universe Scientific Publishing to offset peer review management, journal production and online hosting and archiving. In addition, overall publication charges also will be used to provide fee waivers for authors from lesser developed countries (see below).

Universe Scientific Publishing is committed to keeping its open access publication charges at a minimum level. There are no hidden costs at our journals. There is no additional charge for colour figures. Published articles appear electronically and are freely available from our website. Authors may also use their published articles for any non-commercial use on their personal or non-commercial institution's website.

The exact value of article processing charges for each journal is given in the table below. The APC covers editorial services and production of an article. Upon acceptance for publication a processing fee will be payable. Owing to fluctuations in foreign exchange rates fees may occasionally be subject to change without notice.

USP JournalsArticle Processing Charge
Finance and MarketUS$ 800

 

 

Author Guidelines

Click here for Author Guidelines.

 

Copyright Notice

Authors submitting to USP journals agree to publish their manuscript under the Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0) where authors agree to allow third parties to share their work (copy, distribute, transmit) and to adapt it, under the condition that the authors are given credit, and that in the event of reuse or distribution, the terms of this license are made clear

Authors retain copyright of their work, with first publication rights (online and print) granted to Universe Scientific Publishing or the owner of the journal in question.

 

Privacy Statement

The names and email addresses entered in this journal site will be used exclusively for the stated purposes of this journal and will not be made available for any other purpose or to any other party.

 

Focus and Scope

Finance and Market is expected to provide an international platform for academic researchers and practitioners and policy makers from different background, who engage in the theoretical and empirical research of financial markets and derivatives. It is a high quality, peer-reviewed journal dedicates to serve as the primary source highlighting on original research that cover conceptual and applied issue that relating with trading strategy for investment, organizational theory, optimal order placement strategies, and analyses of short and long run horizon price behaviour.

  • Econometrics
  • Statistics-Economic Theory
  • Finance & Banking
  • International Economics
  • Macroeconomics
  • Securities Trading & Pricing
  • Marketing Analytics
  • Risk Factor
  • Financial Crisis
  • Payment System
  • Loans
  • Behavioral finance
  • Emotional finance
  • Global Banking System


 

Peer Review Process

All manuscripts submitted to USP journals undergo a rigorous peer review process, in which most of our peer reviews are single blind (unless stated otherwise).

All submitted manuscript are firstly handled by our managing editor, who will check the manuscript for plagiarism, in which rejection of the manuscript can take place at this stage by the managing editor if plagiarism occurs in the manuscript.

After the plagiarism check is completed and results are deemed satisfactory, the managing editor will pass the manuscript to the Editor-in-Chief who will undertake the peer review process, or at times pass the task to one of the Associate Editor.

A minimum of 2 reviewers will be selected from the pool of reviewers available according to their expertise and suitability to the subject matter of the manuscript. Reviewers will have to give their comments and recommendations (AcceptMajor RevisionsReject) to the Editor-in-Chief or Associate Editor for them to make a final decision on the paper, and their comments will help the authors improve their papers.

Upon recommendations by the reviewers, the Editor-in-Chief or the Associate Editor can make a final decision on the paper and inform the author on their decision, adding comments to the Authors to make improvements in their research or paper.

Typically there are 3 main decisions in the peer review process – AcceptMajor Revisions or Reject. If the Editor-in-Chief accepts the paper, it could be split into Minor revisions (author to make minor amendments to the paper) or No revisions (no amendments required by author), after which the paper can be sent to the Editing stage.

If the decision is a Major Revision, the authors are required to make the changes as suggested in the comments accordingly and the paper will be resubmitted for a second (or third) round of review. If the decision is to Reject the manuscript, the author will be notified and the rejected manuscript will be archived and the peer review process ends.

An accepted paper will be sent for Copy Editing, Layout Editing and Proofreading before publication of the paper. Correspondence between the authors and USP will be required here in order to improve the language and/or look of the manuscript. After the Editing stage is completed, authors are required to check the PDF file of the final version before the article is published. USP registers DOI for the manuscript before publishing it on our site, in which the article is immediately accessible to the public.

 

Open Access Policy

Finance and Market provides immediate Gold Open Access to its content as it believes that making research freely available to the public helps promote the research results and in turn benefits the scholarly community.

  • Higher Visibility, Availability and Citations – free and unlimited accessibility of the publication over the internet without any restrictions increases citation of the article
  • Ease of search – publications are easily searchable in search engines and indexing databases
  • Rapid Publication – accepted papers are immediately published online

 

 Announcements

Journal’s announcement:

To further expand the readership and accelerate the development of this journal, the publisher’s committees decided to jointly organize a Chinese version

Posted: 2018-12-29 More...

News: Putin says Russia must diversify currencies it uses in international trade

VLADIVOSTOK, Russia (Reuters) - Russian President Vladimir Putin said on Wednesday that Moscow needed to diversify the foreign currencies it used in international trade and not solely rely on the U.S. dollar for such transactions.

 
 
Russian President Vladimir Putin speaks during a session of the Eastern Economic Forum in Vladivostok, Russia September 12, 2018. Sergei Bobylyov/TASS Host Photo Agency/Pool via REUTERS

The Russian central bank has been increasing the share of gold and Chinese yuan in its coffers amid risks of more U.S. sanctions that could target Russia’s ability to trade globally.

Posted: 2018-09-12

News: Sterling down on report of potential leadership challenge to May

LONDON (Reuters) - Sterling fell on Wednesday after reports of a potential leadership challenge to Prime Minister Theresa May and as realism set in about how far there remains to go before Britain can agree a Brexit trade deal.

 
 
UK pound coins plunge into water in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic/Illustration

The pound fell a quarter of a percent to as low as $1.2994 against the dollar after the BBC reported a group of about 50 lawmakers in May’s government had met to discuss how and when they could force her out of her job.

These lawmakers have condemned May’s plans for Britain to remain in a free trade zone for goods with the EU after it leaves the bloc in March, 2019.

 

The pound later recovered to trade flat at $1.3028, while against the euro the British currency was largely unmoved, at 89.010 pence per euro.

Posted: 2018-09-12