• Login
  • Register
  • Search

ISSN:
2424-8401 (Print)

Journal Abbreviation:
Finan Mar

Journal no:
1P

Introduction

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
Universe Scientific Publishing Welcomes Cooperation

  Vol 9, No 5 (2024)

-

Full Issue

View or download the full issue PDF

Table of Contents

Original Research Article

by Wanchen Guo
15 Views, 0 PDF Downloads
In view of the risk of electricity price fluctuation in power enterprises under typhoon weather, a single risk management method is insufficient. Based on the Japanese JEPX market data from 2018 to 2023, the PSO-LSSVM model is proposed to combine insurance and weather derivatives to form a comprehensive hedging strategy, which significantly improves the risk management effect compared with a single means. The insurance hedging effect is increased by 10%, and the weather derivatives strategy effect is increased by 25%. These findings provide an efficient and comprehensive solution to the risk of electricity price fluctuation for power enterprises, and enrich the practical strategy of risk management in power market.
PDF

Original Research Article

by Huanna Liu, Ratneswary Rasiah, Xin Wang
8 Views, 0 PDF Downloads
This research examines the relationship between financial ratios such as profitability, leverage, liquidity and stock returns. A sample of 943 manufacturing corporations listed on the Chinese stock market was selected. The financial data from 2008 to 2022 was sourced from the CSMAR database. The signalling theory was employed as the underpinning theory. The analysis involves the utilization of three separate panel multiple regression models to examine the influence of predictors on the stock returns, encompassing pooled ordinary least squares (pooled OLS), the fixed effects model, and the random effects model. The data analysis involved various diagnostic tests including the Breush-Pagan test, Hausman test, Modified Wald Test, Lagram- Mutiplier Test, and the Robust test. The study found that return on assets, return on equity, and earnings per share have a positive and significant effect on stock returns, whereas net profit margin, debt-to-equity ratio and current ratio have a negative effect. The study outlines some policy recommendations.
PDF

Original Research Article

by Rong Gu, Rapassa Roung-onnam
13 Views, 0 PDF Downloads
Since entering the information society, people’s lifestyle has gradually changed. In the education industry, great changes have taken place in the teaching mode, from the traditional classroom mode to the online classroom mode, which has changed the disadvantages that the previous teaching will be affected by time, region and educational resources, resulting in different teaching effects. The online education entrepreneurial projects and swarming entrepreneurial companies everywhere have made the competition in the online education market more and more fierce. The accumulation and competition of original users, and the exploration and improvement of business models are problems that cannot be ignored in the development of many online education service providers.
PDF

Original Research Article

by Xinyuan Wang
9 Views, 0 PDF Downloads
Fiscal decentralization refers to the transfer of certain fiscal powers and responsibilities from the central government to local governments, granting local governments greater autonomy in fiscal revenue and expenditure, budget management, and tax policy. This paper explores the impact of fiscal decentralization on regional economic development, analyzing its advantages and disadvantages, and proposes suggestions for further optimizing the fiscal decentralization system. Through a review and analysis of relevant literature, this paper finds that fiscal decentralization plays an important role in promoting regional economic development, optimizing resource allocation, and improving the quality of public services. However, it also faces challenges such as regional development imbalances and increased management difficulties. To achieve more balanced regional economic development, it is necessary to further improve the fiscal decentralization system and strengthen coordination and cooperation between the central and local governments.
PDF

Original Research Article

by Qingwen Wang
8 Views, 0 PDF Downloads
With the acceleration of globalization, cross-border e-commerce has become an important part of international trade. The application of big data analysis technology in cross-border e-commerce provides enterprises with more accurate decision support and improves operational efficiency and customer satisfaction. By analyzing the application status of big data in cross-border e-commerce,this paper discusses the application of big data analysis technology in customer portrait,personalized recommendation,supply chain optimization,risk control and other aspects, and puts forward relevant strategic suggestions,in order to provide reference for the development of cross-border e-commerce enterprises.
PDF

Original Research Article

by Wenlong Jiang, Rapassa Roung-onnam
7 Views, 0 PDF Downloads
Under the background of green economy, with the enhancement of public awareness of environmental protection, more and more consumers choose to buy new energy vehicles. This paper analyzes the customer satisfaction of new energy vehicles from the consumer’s point of view, and studies the customer satisfaction by combining the experience of using new energy vehicles with those around us, such as attitude, policy factors and product factors.
PDF

Original Research Article

by Zhiguang Li, Rapassa Roung-onnam
8 Views, 0 PDF Downloads
While paying attention to the quality of life, the silver-aged people prefer to choose a healthy tourism form, and pursue a tourism form that integrates entertainment, health and knowledge. Under the dual trend of social aging and pursuing a healthy life for the people, kangyang tourism, as a new tourism project under the background of healthy aging, is loved by the silver-aged people and widely concerned by all walks of life.
PDF

Original Research Article

by Xiangguang Zhao
9 Views, 0 PDF Downloads
In the fast-paced era of continuous technological advancement, innovation is crucial for firms to enhance productivity, enter new markets, and maintain a competitive edge. Innovation involves a multifaceted process that includes improving production methods, upgrading technology, and modernizing organizational management. Academically, innovation has been studied extensively, from Schumpeter’s early 20th-century theories to modern perspectives that view it as a dynamic, non-linear process. The OECD highlights innovation as a comprehensive activity encompassing product, process, and paradigm changes. A case study of Netflix illustrates disruptive innovation, transitioning from a DVD rental service to a global streaming giant through technological advancements and a consumer-centric approach. Additionally, the emergence of Decentralized Autonomous Organizations (DAOs) in the Web 3.0 era represents a significant shift in organizational models, emphasizing decentralized governance and community-driven decision-making.
PDF

Original Research Article

by Yong-Ming Zhang*
7 Views, 0 PDF Downloads
The rise of e-commerce has profoundly impacted business administration. It drives the digital and intelligent development of business management, expands market space for enterprises, and presents new challenges to operations management and customer service. In response to the changes brought by e-commerce, enterprises need to enhance their information technology and e-commerce capabilities, improve e-commerce security management systems, and innovate service models to enhance customer experience. Implementing these strategies will help enterprises better adapt to the development of the e-commerce era, achieve continuous business growth, and constantly elevate their brand.
PDF

Original Research Article

by Shuo Wang
8 Views, 0 PDF Downloads
With the development of the Internet of Things economy and continuous innovation in science and technology, new energy smart street light systems have emerged, and large companies such as Huawei, Lenovo, and Haier have successively laid out in the smart light pole market. This article analyzes domestic smart street lamps and proposes the construction of a new energy smart street lamp business model based on Internet of Things technology, providing practical and feasible business model suggestions for the development of the domestic smart street lamp industry.
PDF

Original Research Article

by Xinxin Shi
8 Views, 0 PDF Downloads
With the rapid development of high and new technology industry, high-tech industry and its industry have become the engine of economic and social development, and also an important symbol to measure the strength of a country. The high quality development of hightech industry is of great significance to drive the vigorous development of economy. With the gradual strengthening of the role of high-tech enterprises in economic growth, the problems of insufficient funds and financing efficiency have become increasingly obvious, which seriously hinder their development. With the implementation of Belt and Road policy, will the financing efficiency of high-tech enterprises be improved? Based on the financing data of 24 innovative listed enterprises along the Belt and Road provinces for 5 years, this paper will analyze this problem and put forward countermeasures and suggestions.
PDF

Original Research Article

by Haipei Huang
9 Views, 0 PDF Downloads
In recent years, with the deepening of the integration of global financial markets, the rapid development of financial technology and the continuous evolution of regulatory policies, the insurance asset management industry is facing unprecedented challenges and opportunities. At the same time, the ups and downs of the financial cycle are also testing the risk management ability of the insurance asset management industry. From the perspective of financial cycle, this paper deeply analyzes the impact of financial cycle on the insurance asset management industry, and then explores its transformation and development path.
PDF

Editorial Policy

In order to make sure that the contributions submitted are in relevance to the style and principle of the journal, authors are obliged to read the “Author Guidelines” before submission.

All contributions submitted to Finance and Market are contingent on a rigorous peer review. Aspects such as admissible English language, originality, novelty related to this journal are considered anterior to the peer review process.

All contributions submitted to Finance and Market will not be made available to anyone except our individuals who take part in the publishing process of this manuscript.

It is kindly for you to know that works that has been published or in consideration for publication in other journals are nor accepted, if the data of your manuscript are presented in other platforms, please notify us. A submission checklist is needed to fill up to ensure the fulfillment of these criteria.

 

Authorship

List any person who has made a significant contribution to a journal article. They also share responsibility and accountability for the results of the published research, and for others who have participated in certain aspects to be listed or acknowledged as contributors in their study. They will handle all correspondence about the article and sign the publishing agreement on behalf of all the authors. They are responsible for ensuring that all the authors’ contact details are correct, and agree on the order that their names will appear in the article. The authors also will need to make sure that affiliations are correct, as explained in more detail below.

Changes of authorship

Authors should carefully check the list of authors and the order of authors before submitting a manuscript.

Any changes in the names of authors in the list of authors, such as additions, deletions, etc., can only be made before the manuscript is accepted for publication. The corresponding author should provide the editorial office with a written confirmation certificate of consent to the change, which should include the reasons for the change of the list of authors and all authors (including existing authors and authors to be added or deleted).

No changes in authorship are allowed without the approval of the editorial board.

 

Publication Frequency

The publication frequency of Finance and Market is bi-annual.

 

Conflict of Interest

According to the International Committee of Medical Journal Editors (ICMJE), “Authors should avoid entering into agreements with study sponsors, both for-profit and non-profit, that interfere with authors’ access to all of the study’s data or that interfere with their ability to analyze and interpret the data and to prepare and publish manuscripts independently when and where they choose.”

For authors, upon submission, authors must list all conflicts of interest related to the work, such as sources of funding, sponsor’s role in work design, data collection, and analysis of results, and whether the authors serve on the journal’s editorial board. 

For editors and reviewers, editors and reviewers must declare any possible conflicts of interest related to the manuscript, and when editorial board members publish in journals they serve, editorial boards must avoid the peer review process, allowing authors knowing that they sidestep the potential peer review process.

Editors and reviewers need to be replaced when the editor or reviewer who works in the same organization as one of the authors, is one of the authors of the work, is recused by the author, has a financial relationship with the author.

 

Erratum & Withdrawal Policy

Erratum

Errata are important errors made by the journal that affects the publication record or the scientific integrity of the paper, or the reputation of the authors or of the journal. If the authors detect any errors in the published articles, please contact the journal editors. An investigation of the errors in the papers will be made under the approvement and guidance of the editors.

Withdrawal Policy

Withdrawal of articles, especially one that has been processed for peer-review or is under peer-review, is strongly discouraged and only used when there are academic misconducts and ethical violations in research and publication. In this case, a panel will organize an investigation in which the authors are required to cooperate. If the allegations are proven to be true, the paper or articles will be marked for withdrawal.

If authors themselves decide to withdrawal their papers (before the publication), they must write to the editors of the publisher at reviewer@usp-pl.com, stating the reason(s) for withdrawal sound and clear. Once the withdrawal is approved, the submission will be removed from the journal’s online submission system, and a notification email will be sent to all authors.

USD 200 is charged for the withdrawal of papers, and it should be noted that the paid Article Processing Charge will not be refunded if your papers are withdrawn for academic misconducts and ethical violation.

 

Plagiarism Detection

Plagiarized articles are not allowed in any publication by Finance and Market. Before submitting the manuscript, the authors should ensure that they have written original works. As a part of our commitment to protect the integrity of scholarly publications, we take the necessary steps in all aspects of publishing ethics. Submissions are checked for plagiarism via CrossCheck (powered by iThenticate). Overlapping and similar texts in the manuscripts submitted will be investigated promptly and may be considered as plagiarism. Papers detected with possible commitment of plagiarism will be rejected for submission.

 

Language

The language used in papers submitted to Finance and Market should be English—either British English or American English. It is very convenient to be understood by scholars all over the world. Universe Scientific Publishing will provide professional language editing service for the authors whose first language is not English.

 

Code of Publishing Ethics

Universe Scientific Publishing follows the COPE Code of Conduct and Best Practice Guidelines for Journal Editors and the Code of Conduct for Journal Publishers.

Universe Scientific Publishing makes all reasonable efforts to investigate publication misconduct, including fabrication, falsification and plagiarism. If misconduct is suspected journal editors will act in accordance with the Principles of Transparency and Best Practice in Scholarly Publishing as stipulated by Committee on Publication Ethics (COPE).

All submissions to Universe Scientific Publishing journals are subject to rigorous review. The Editors, authors or readers can forward their concerns to the journal if they find out that the description in a submitted article may constitute an academic fraud, research misconduct or publication malpractice. The concerns or complaints on the possible allegations submitted to the journal will be dealt with promptly and appropriately according to the procedure set out in the COPE flowchart on complaints. The complainant may direct all inquiries and correspondence to the Publisher at reviewer@usp-pl.com.

 

Copyright and License

All articles published by Universe Scientific Publishing are Open Access under the Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0) (http://creativecommons.org/licenses/by/4.0). Under this license, authors retain ownership of the copyright for their content, and authors grant Universe Scientific Publishing a license to publish, copy, distribute, and convey the article.

 

Units of Measurement

Units of measurement should be presented simply and concisely using System International (SI) units.

 

Advertising Policy

Finance and Market will consider advertising opportunities, as a means to provide value to our readers. Advertisements must comply with local policies without inducement or deception. All advertisements are subject to approval to the Publisher. For more inquiries, please send email to reviewer@usp-pl.com.

 

Preprint Policy

A preprint is a complete draft research paper made available in open access on a preprint web server before being certified by peer review and published by a journal. Publication of manuscripts in a peer-reviewed journal often takes weeks or months from the time of initial submission. Preprints allow authors to receive early feedback from their peers, which may help revise and prepare articles for submission. However, the revised manuscripts after or during peer-reviewed are not recommended to be post on the prepress server. The manuscript whose corresponding preprint version has been indexed (e.g. in MEDLINE or PubMed) will not be considered.

 

Article Process Charges (APCs)

Gold Open Access format is used for all journal publication. Article Processing Charges (APCs) are charged to authors publishing open access. And fees will come from the authors’ institution or other research funding agencies. All articles published in our journals are open access and freely available online. The journal does not require readers to purchase a subscription of any kind to view the online version of the journal. Our belief is to create a better academic environment with our authors and readers.

Waiver Policy

Journals offer APC waiver policy based to reduce the financial burden on authors or institutions from low-income countries. For information about our waiver policy for authors in financial need, please contact reviewer@usp-pl.com. By the way, the Publisher reserves the right to approve or reject a waiver application.

 

Disclaimer

Before submitting a manuscript, the authors should understand the publishing policies and strictly abide by the relevant laws, regulations and ethics. Authors are responsible for all contents in their article (s) including the accuracy of the content, statements, citing data, and so on. Facts and opinions in articles published on Universe Scientific Publishing are the personal statements of respective authors.

The journal and the publisher disclaim any liability of any errors or consequences arising from the use of the information contained in the journal. The journal and the publisher disclaim all responsibility for any injury to the person or property of any person caused by any idea or product mentioned in the article or in the advertisements to which it refers. In addition, once the reviewers are invited, it means that reviewers must maintain an objective attitude and be responsible for the fair review of the article. You must be aware of the review policy and proactively disclose any potential conflicts of interest. As an editor, you must avoid the manuscripts that you are involved in/as one of the authors, and take the initiative to leak potential interest disputes.

 

Indexing & Archiving

All articles published in this journal have been included by some world-class database: Google Scholar, National Library of Singapore.

Three article storage methods are encouraged:

1. Authors are encouraged to save self- final versions of their published articles in institutional repositories (such as those listed in the Directory of Open Access Repositories) through self-archiving.

2. Portico will archive all articles published in the journal for long-term digital preservation.

3. The final PDF version published can be acquired on the website by authors.

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 Journal of Finance and Market are undergone a stringent peer review process which aims to uphold the high quality of papers published in xxxx and ensure the truthful and accurate reporting of the research work.

Evaluation

The in-house editor takes initiative to assess the suitability of the original submission of the author on the basis of the editorial policy and relevant guidelines.

The Editor-in-Chief (EIC) decides the fitness of the article and whether the topic is within the field of FM.

The associate editors assign the accepted contributions in accordance to their area of expertise and select relevant reviewers from the editorial membership.

Reviewers are required to assess the full paper from the perspective of originality, methodology, demonstration of the results and presentation of the conclusion, contribution to the literature and research, as well as the suitable referencing of pertinent studies.

Post evaluation

After the post-evaluation made by the reviewers, the manuscripts are sent to the associate editors who makes one of the standard suggestions (Accept; Accept with minor revision; or Reject), and then passed to the EIC for final determination.

If EIC recommends minor revisions, a maximum of 7 days is given for the authors to resubmit the revised article.

If EIC recommends major revisions, a maximum of 14 days is given for the authors to resubmit the revised article.

The above steps are repeated before the paper is accepted for publication after post-evaluation.

Appeal

Authors with rejected submission are suggested to make an appeal in writing to reviewer@usp-pl.com in which specific reasons for the appeal and detailed response to the reviewers’ suggestions are included.

 

Open Access Policy

Open Access (OA) makes scholarly research permanently accessible online without restrictions, which can benefit all stakeholders in the scholarly publishing process, including researchers, funders, students, librarians, scholarly societies, publishers, and the public.

Dissemination

The freely available online work can be accessed and shared by anyone in the world. Researchers can even access OA literature outside university without encountering paywalls. Authors can benefit from the public availability of their research to others, which may increase the visibility and usage of their work. Many funding agencies encourage OA since the potential for increased visibility and discoverability promises a greater return on investment.

Cooperative Partners

New connections may be made and new partners may become possible, if researchers other than those you normally work with share access to your research. Thus, paving the way for spin-offs and new research opportunities.

Public Access and Engagement

OA means more opportunities for the community at large and potentially more public participation in research which can help research-dependent professionals outside of academia including health workers, faculty, and lawyers benefit from access to the latest discoveries.

Social Benefits

By publishing open access, a virtuous cycle of scholarly resources can foster social knowledge sharing and innovative creativity.

 

 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