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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
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Full Issue

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Table of Contents

Original Research Article

by Yueyuan Wang, Hong Cao, Cheng Yang
19 Views, 0 PDF Downloads
In all asset pricing literature at home and abroad, it is a common pursuit of scholars to devote themselves to finding more effective factors. In recent years, along with the increasing prominence of global environmental and social issues, the focus of China’s policy has shifted from the pursuit of economic growth to sustainable development, and the concept of responsible investment has quietly gained popularity. We hypothesize that ESG factors have become a non-negligible factor in asset pricing. Therefore, this paper introduces ESG factors based on Fama’s five-factor model and constructs the FF5+ESG six-factor model, focusing on analyzing the pricing efficiency of ESG factors to provide the latest empirical evidence for China’s asset pricing model.
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Original Research Article

by Minqi Lin
12 Views, 0 PDF Downloads
With the rapid development of China’s economy and society, new problems have emerged in the development of China’s medical and health industry. To meet the needs of informationization construction and development in public hospitals in China, it is necessary to strengthen the integration with information technology, transform traditional internal audit models, and improve the efficiency of internal audits. Smart auditing is an advanced technology that transitions from traditional auditing to information-based auditing. With the rise of new technologies such as big data, artificial intelligence, and cloud computing, it is of great significance to reconstruct the auditing operation mode and value output mode, and promote smart auditing to address internal audit challenges.
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Original Research Article

by Wenwen Wei
13 Views, 0 PDF Downloads
Supply chain finance, as a crucial field of modern financial innovation, effectively addresses the funding challenges faced by small and medium-sized enterprises by integrating financial services deeply into the management of supply chains. This enhances the resilience and efficiency of the entire supply chain. This paper systematically analyses the operating models of supply chain finance, especially the bank-led model and platform model, as well as their innovative risk management strategies. Through case studies, we demonstrate how supply chain finance uses technological tools such as big data analysis and smart contracts to optimize capital allocation, reduce transaction costs, enhance supply chain transparency, and promote the diversification and inclusiveness of the financial market, thereby facilitating the provision of inclusive financial services.
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Original Research Article

by Jianing Fang
9 Views, 0 PDF Downloads
This study aims to accurately predict user lifecycle stages and behaviors using multi-source heterogeneous datasets. The core question is how to integrate various user attributes and interactions to effectively predict engagement and behavior patterns. This study develops a comprehensive predictive model by combining multiple machine learning models to improve accuracy. The approach involves using user demographics, interaction patterns, and feedback characteristics to create separate predictive models, which are then integrated through ensemble learning methods such as stacking. Key performance metrics such as accuracy, precision, recall, and F1 score evaluate the effectiveness of the model. The findings show that tailoring the user experience based on attributes such as age, gender, location, device type and browsing patterns can significantly increase engagement and retention. Additionally, advertising strategies tailored to user preferences can increase conversion rates and satisfaction. The combined model outperforms the single model in terms of prediction accuracy and overall performance.
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Original Research Article

by Deng Hongjie
9 Views, 0 PDF Downloads
Guided by the spirit of the 20th National Congress, China is committed to building a modern economic system characterized by “sustainable development” and “green and low-carbon” principles. The green financial system, as a key support for this transformation, promotes the vigorous development of the green economy, social justice, and optimized resource allocation. It benefits a wider range of people with development achievements, thereby promoting high-quality economic development. Based on this research opportunity, this article conducts an in-depth analysis of the positive impact of green finance on regional economic development, and explores how to optimize green finance strategies to help China achieve higher quality development goals and provide strong references for policy-making.
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Original Research Article

by Haibin Feng, Chuanfei Li, Keqing Fan, Zhihao Wang
15 Views, 0 PDF Downloads
With the gradual rise of social living standards, users' shopping needs are increasingly diversified, differentiated, personalized and other characteristics. Therefore, how to accurately grasp the focus of user needs has become the key to enterprise product design innovation and product quality management. The development of quality functions is one of the core tools for user demand-driven product design innovation. Based on this, a product design method based on online review and quality function expansion is proposed. This paper uses BTM topic model to extract user topics from online review texts, uses Word2vec word vector similarity and cosine similarity to map topics to requirements, and determines the weight of each demand. Finally, each demand and the corresponding weight are input into the House of Quality model to determine the importance ranking of each technical feature. Use quality function to expand the model to achieve online review-driven product design.
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Original Research Article

by Wenli Zhang
13 Views, 0 PDF Downloads
With the development of ESG concept, ESG performance of enterprises has become an important index to evaluate their comprehensive strength. This paper aims to explore the impact of independent directors with environmental background on ESG performance of enterprises. The research results show that independent directors with environmental protection background can significantly improve the ESG performance of enterprises by improving internal control. Further analysis shows that the significant improvement effect is only reflected in state-owned enterprises and non-heavy polluting enterprises; When the proportion of independent directors with environmental protection background is higher, the ESG performance is better.
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Original Research Article

by Xinglong Li
10 Views, 0 PDF Downloads
This study delves into the intricate relationship between budgeting, performance measurement, and management accounting practices in organizational dynamics. The primary objective is to illuminate the potential for misuse and abuse of these tools, leading to workplace bullying and unethical behavior. Drawing upon insights from scholarly literature, the research explores how budget targets can inadvertently serve as instruments for managerial bullying, creating a toxic work environment characterized by undue pressure and compromised ethics. The scope encompasses an analysis of the roles of budgeting and performance measurement in organizational decision-making and resource allocation. It investigates their impacts on individuals, organizations, and society at large. By enhancing awareness of the potential pitfalls associated with management accounting tools, this study aims to contribute to the promotion of ethical practices and organizational well-being.
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Original Research Article

by Xiaohui Liu, Weitao Liu
10 Views, 0 PDF Downloads
This paper studies the competitiveness of tourism destinations in 18 cities in Henan province, and the degree of tourism competitiveness is described by the input-output efficiency of tourism destinations. Through 18 cities input-output index construction, data collection and data processing for comprehensive analysis, it is concluded that 18 cities in Henan tourism destination competitiveness strength level is divided into five levels of Luoyang and Kaifeng tourism competitiveness is strong, Jiaozuo tourism competitiveness is strong, Sanmenxia, Zhumadian, Zhengzhou city tourism competitiveness is medium, Zhoukou, Anyang, the six city competitiveness is weak, luohe city, Xinyang four city tourism competitiveness is weak, and according to the data analysis results put forward some constructive and feasible Suggestions.
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Original Research Article

by Lu Xu*
9 Views, 0 PDF Downloads
In recent years, China’s global cooperation in the field of infrastructure has been deepening. Concurrently, the demand for international transportation of super-large and super-heavy machinery and equipment has increased dramatically. This phenomenon not only drives the development of the global economy, but also promotes the development of the international transportation of bulky cargoes. As the cargoes in question are of a considerable length, weight and dimensions, and are typically required for the construction of major national engineering projects, the international transportation of such cargoes is characterised by a high cost, high requirements and high risks. Currently, our country is still in the nascent stages of developing effective risk control measures for the international transportation of bulky cargoes. Identifying and responding to the risks associated with this type of transportation has become a pressing concern. Consequently, the enhancement of research on the comprehensive transportation scheme of bulky cargoes, particularly the examination and management of transportation risks in pivotal junctures, will facilitate the enhancement of the quality and efficacy of China’s international transportation of bulky cargoes and serve as a constructive contribution to the sustainable advancement of the bulky logistics and transportation industry.
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Original Research Article

by Shumei Wang
8 Views, 0 PDF Downloads
Under the guidance of push-pull theory, the paper analyzes the internal development relationship between rural tourism and beautiful rural construction, discusses the path of coordinated development between the two, and draws the conclusion as follows:(1) The development of rural tourism and beautiful rural construction mainly has internal positive and negative interactions in four aspects: economic production, social life, ecological environment and cultural features. (2) In the practice of rural construction, from the five perspectives of industrial economy, rural environment, rural culture, rural governance and villagers’ interests, to promote the coordinated development of the two in the five aspects of “industry, environment, culture, management and interests”.
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Original Research Article

by Zhuqin Xiong
10 Views, 0 PDF Downloads
As an emerging industrial model in the digital economy era, digital trade can significantly drive the upgrading of industrial structure. This paper aims to empirically test the impact of digital trade on industrial structure upgrading in Guangdong Province and provide corresponding development strategies for digital trade. From the existing research literature, most scholars believe that digital trade has a positive impact on the upgrading of industrial structure in our country. However, most studies focus on the comparison between provinces and regions in China, and rarely pay attention to the changes within the province, so this is the innovation of this paper.
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Original Research Article

by Xinxin Shi, Ye Duan
9 Views, 0 PDF Downloads
With the rapid development of high and new technology industry, high and new technology industry has become the engine of economic and social development. It’s 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 problem of insufficient funds is becoming increasingly obvious, which seriously hinders its development. This paper analyzes the problems encountered in the financing and the countermeasures, find the corresponding countermeasures to solve the problems, and help the high-tech enterprises to have a stable financial support in the future development direction.
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Original Research Article

by Jieying Luo, Yun Liu*, Lingbi Guo
10 Views, 0 PDF Downloads
After years of industrial economic development, the digital economy has gradually become one of the boosters of the economy of Guangdong Province, the digital development of the manufacturing industry in the Pearl River Delta under the background of digital economy has certain advantages, through policy, technology, location, enterprises and infrastructure embodiment, in the process of integration with the digital economy, there are also new characteristics of complexity, integration and risk. According to the new characteristics brought by the digital economy to the manufacturing industry in the Pearl River Delta, suggestions on institutional top-level design, total factor productivity and digital layout are put forward, and the high-quality development of the manufacturing industry in the Pearl River Delta is realized through policy systematic reform, innovative factor allocation, and a coordinated layout for the development of the digital economy, so as to deepen the deep integration with the data economy.
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Original Research Article

by Lingfeng Xiao
10 Views, 0 PDF Downloads
With the advent of the Internet wave, all industries are accelerating to digital development. In the field of medicine, the Fifth Plenary Session of the 19th Central Committee of China proposed the goal of building a “Healthy China” by 2035. Implementing smart healthcare through “digital+health” technology has become the current development goal of medical enterprises in China. This study focuses on Shanghai Pharmaceutical and analyzes the impact of its digital transformation on performance. Research has found that digital transformation has a significant improvement in its performance level, but its impact on debt paying ability may be negative. It is recommended that enterprises continue to promote digital transformation and innovation, pay attention to resource integration, achieve cost reduction and efficiency increase, improve management level, and ensure information security.
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Original Research Article

by Qian Gao
9 Views, 0 PDF Downloads
This project is based on the theories of asset restructuring and earnings management, analyzing the major asset restructuring event between Liaoning Port Co., Ltd. (formerly Dalian Port) and Yingkou Port, and further examining the various impacts of this event on the companies involved. The paper first identifies the earnings management behavior of the case companies, followed by an analysis of the improvement effects of this restructuring on the business and financial conditions of the companies. Drawing from the analysis of the case companies, conclusions and insights are presented in this paper, providing references for similar enterprises facing potential issues during asset restructuring.
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Original Research Article

by Luqi Liu
10 Views, 0 PDF Downloads
Innovation is prevalent in the market. However, the standard of judging excellent students is often measured by academic performance, which cannot directly reflect the ability market demand. Even someone thinks good grades limit open thinking. This paper explores the influence of academic performance on the innovation ability. Data from the questionnaire were used for analysis. The finding is there is no correlation between innovation ability and academic performance. This paper suggests that universities adjust standards for excellence to foster innovation.
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Original Research Article

by Shuang Liang
10 Views, 0 PDF Downloads
Using the data of A-share listed companies from 2010 to 2020 as research samples, this paper empirically analyzes the impact of Chinese Confucian culture on corporate green innovation. The results show that Confucian traditional culture has a significant positive impact on enterprise green innovation. In order to better promote green innovation in enterprises, China should pay attention to the integration of informal institutionsand formal institutions.
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Original Research Article

by Dan Peng, Jing Chen
9 Views, 0 PDF Downloads
In this paper, Hengdian Studios is taken as a case, and the texts in Ctrip and Mawei websites are selected as data sources. ROST CM6 software is used for word frequency analysis, semantic network analysis, emotional analysis and cognitive image analysis, etc., to analyze the image perception of tourists in Hengdian Studios. It is found that the overall image of tourists' perception of the tourist image of Hengdian Film and Television City is mainly human resources in tourist attractions, and the cognitive image includes four categories: tourist attractions, tourist environment, tourist activities and tourist services. Positive emotions and neutral emotions account for the same proportion in tourists' emotional cognition, while negative emotions account for a minority.
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Original Research Article

by Xinyue WANG
7 Views, 0 PDF Downloads
The coupling coordination degree model is used to analyze the coupling coordination of tourism industry, economic development and ecological environment in Anhui Province from 2010 to 2019. The results show that the comprehensive evaluation index of each subsystem increased to different degrees, with the overall rise, and the tourism industry system increased the most; the coupling between the three systems remained at a high level from 2010 to 2019, showing high correlation, and the coupling coordination degree increased year by year, and the coordination level gradually increased from near to a good coordination level.
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Original Research Article

by Meixi Gong
9 Views, 0 PDF Downloads
This study investigates the influence of corporate performance indicators namely, return on assets (ROA), earnings per share (EPS), net profit and return on equity (ROE) on executives’ compensation, and also the moderating effect of independent ratio in the Malaysia listed companies. Based on an analysis of a dataset comprising 100 companies in the fiscal year 2022, encompassing listed businesses in Bursa Malaysia, the results indicate that corporate performance has no significant relationship with executive compensation, but the independent director ratio has a significant moderating effect on the relationship between the corporate performance and executive compensation. This implies that companies may increase executive compensation to incentivize executives to respond when earnings decline and to retain talent. Board independence weakens the relationship between managerial compensation and performance and makes the role of independent directors ambiguous.
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Original Research Article

by Yiming Wang
10 Views, 0 PDF Downloads
This paper delves into the significant impact of social media on marketing practices. Firstly, the concepts of social media and marketing were defined, and how social media has completely changed the marketing methods of enterprises was explained. The paper provides an overview of popular social media platforms and their characteristics, and then analyzes the evolution of marketing in the digital age, especially the key role of social media in it. Research has shown that social media provides businesses with new ways to reach and target audiences, enhances customer engagement, and brings new marketing strategies. The paper discusses in detail the various benefits of social media for marketing, including expanding coverage, improving the accuracy of target advertising, enhancing customer interaction, improving the cost-effectiveness of marketing activities, and providing real-time data and analysis. However, it also pointed out the challenges faced by social media marketing, such as information overload, brand reputation management, privacy and security issues, and adapting to platform changes. The paper also proposes a series of successful social media marketing strategies and demonstrates their practical applications through case studies. Finally, the paper looks forward to the future trends and potential impacts of social media marketing, emphasizing the importance of continuous adaptation and innovation in maintaining marketing effectiveness.
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Original Research Article

by Yijia Liu
11 Views, 0 PDF Downloads
Against the backdrop of the gradual improvement of the socialist market economy system and the diversified development of the market economy, the management of highway transportation economy has also been increasingly valued. Among them, the emergence of issues such as fund management and personnel management has limited the improvement of the economic development level of the highway transportation industry. Based on this, this article focuses on these two issues, and from the perspective of market economy, on the basis of clarifying the importance of highway transportation economic management, targeted effective measures to strengthen highway transportation economic management are proposed.
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Original Research Article

by Yihan Gu
9 Views, 0 PDF Downloads
In order to provide some reference for the research of risk measurement methods statistics and securities investment portfolio models, this paper introduces the theory of risk measurement methods statistics and securities investment portfolio models. The weekly closing price sequence of the Shanghai Composite Index from January 1, 2023 to December 31, 2023 is selected as the sample data, and the application of risk measurement methods statistics and securities investment portfolio models in stock market investment is empirically studied. The conclusion is that the statistical analysis of risk measurement methods and the securities investment portfolio model are highly effective and have a large application space.
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Original Research Article

by Jiabin Wu*, Li Chen
8 Views, 0 PDF Downloads
As the degree of aging in China continues to deepen and the life expectancy per capita increases, using human resources for the elderly has become an important means of releasing the demographic dividend. Based on the social support theory, this paper analyses from the perspectives of individuals, governments, and employers, and concludes that the main reasons for the plight of the elderly in re-employment are the irregularities in the flexible labor market and the lack of professional service institutions at the governmental level, the insufficient excavation of re-employment work at the community level, and the age discrimination in employment and the avoidance of liability for work-related injuries at the enterprise level. Based on this, we propose that the community should play a pivotal role, and the government should adopt differentiated measures to help ease the plight of the elderly in re-entering the workforce.
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Original Research Article

by Jian Meng
9 Views, 0 PDF Downloads
Fintech refers to the use of various technological means to innovate the products and services provided by the traditional financial industry, improve efficiency and effectively reduce operating costs. Fintech covers the superposition and integration of cutting-edge disruptive technologies such as big data, artificial intelligence, and blockchain with traditional financial services. With the rapid development of financial technology, the financial industry, especially the financial security field, is facing unprecedented opportunities and challenges. Fintech has had a profound impact on financial security, but it is also accompanied by a series of hidden risks. This article takes the development of financial technology as the research background and financial security as the research object, and theoretically analyzes the challenges that the development of financial technology poses to the field of financial security. Finally, this article analyzes some current challenges and problems in financial security and puts forward corresponding countermeasure optimization suggestions.
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Original Research Article

by Juehao Li
8 Views, 0 PDF Downloads
Information asymmetry between banks and enterprises has led to banks not favouring small and medium-sized enterprises (SMEs) in traditional credit. In order to meet the development needs of SMEs, the problem of financing constraints needs to be solved urgently. With the use of supply chain finance, it is of great practical significance to solve the problem of financing constraints of SMEs and promote the innovative development of SMEs. This paper mainly starts from the perspective of supply chain finance, analyses the main financing modes under this financing system, summarizes the financing problems of SMEs under this perspective, and puts forward financing suggestions from the perspective of policy support, with a view to helping SMEs to give full play to the advantages of supply chain financing and promoting the rapid development of SMEs.
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Original Research Article

by Lin Liang, Wenya Fang, Ronghua He, Jing Luo
10 Views, 0 PDF Downloads
Promoting the adoption of Environmental, Social, and Governance (ESG) development ideas and digital transformation in energy firms is crucial given the current commitment to sustainable development and high-quality development. Using unbalanced panel data of listed businesses in the A-share energy industry from 2012 to 2022, this study empirically investigates the impact of ESG performance on high-quality development of energy and the moderating effect of digital transformation on it. A two-way fixed effects model is adopted. It is found that good ESG performance has a significant facilitating effect on promoting the high-quality development of the energy industry. In addition, digital transformation plays a positive moderating role in this process.
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Original Research Article

by Lujie Wang*, Yue Hou
8 Views, 0 PDF Downloads
Purpose—This study aims to prioritize the vulnerabilities in the apparel supply chain and mitigate them by identifying the most significant threats and developing appropriate responses. Design/methodology - This study will use literature reviews to pinpoint supply chain risks and solutions in the apparel industry. Findings - The study emphasizes the need for flexible and adaptable supply chain structures and highlights the importance of proactive and reactive risk management strategies in building resilient supply chains. Research limitations - This study explored existing literature, which may limit empirical data. Further research is needed to develop predictive models that integrate real-time data for enhanced risk management. Practical implications - The study provides practical insights for apparel businesses to improve their risk management capabilities and prepare for supply chain disruptions and operational risks. Originality/value - This study concentrates on apparel supply chain risks and provides strategies for risk mitigation. It highlights the need for adaptable and resilient supply chains facing global disruptions, offering insights for industry practitioners and policymakers.
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Original Research Article

by Longqing Wang, Youjuan Chen
10 Views, 0 PDF Downloads
With the rapid development of the digital economy, the speed of industrial digitization has been boosted, digital industrialization has been deeply promoted, and new growth poles to promote the high-quality development of the natural gas industry have gradually been formed. However, there are still some realistic dilemmas for digital economy to empower the high-quality development of natural gas industry. Therefore, the logical mechanism of industrial digitization, digital industrialization, data valorization and collaborative innovation should be used to explore the path of digital economy-enabled high-quality development of natural gas industry.
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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).

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

 

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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.”

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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.

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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.

 

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Author Guidelines

Author Guidelines

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Manuscript Format

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Title

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List of Authors

The names of authors must be spelled out rather than set in initials along with their affiliations. Authors should be listed according to the extent of their contribution, with the major contributor listed first. All corresponding authors should be identified with an asterisk. Affiliations should contain the following core information: department, institution, city, state, postal code, and country. For contact, email address of at least one corresponding author must be included. Please note that all authors must see and approve the final version of the manuscript before submitting.

Abstract

Articles must include an abstract containing a maximum of 200 words. The purpose of abstract is to provide sufficient information for a reader to determine whether or not to proceed to the full text of the article. After the abstract, please give 5–8 key words; please avoid using the same words as those already used in the title.

Text

The text of the manuscript should be in Microsoft Word. The length of the manuscript cannot be more than 50,000 characters (inclusive of spaces) or approximately 7,000 words.

Section Headings

Please number the section headings (e.g. 1, 2, 3, 4, etc.) in boldface. Likewise, use boldface to identify subheadings too but please distinguish it from major headings using numbers (e.g. 1.1, 1.2, 2.1, 2.2, etc.) Further subsections of subheadings should be differentiated with the numbers 1.1.1, 1.1.2, 2.1.1, 2.1.2, etc.

Introduction

Introduction should provide a background that gives a broad readership an overall outlook of the field and the research performed. It tackles a problem and states its importance regarding the significance of the study. Introduction can conclude with a brief statement of the aim of the work and a comment about whether that aim was achieved.

Materials and Methods

This section provides the general experimental design and methodologies used. The aim is to provide enough details for other investigators to fully replicate your results. It is also required to facilitate better understanding of the results obtained. Protocols and procedures for new methods must be included in detail to reproduce the experiments.

Results

This section can be divided into subheadings. This section focuses on the results of the experiments performed.

Discussion

This section should provide the significance of the results and identify the impact of the research in a broader context. It should not be redundant or similar to the content of the results section.

Conclusion

Please use the conclusion section for interpretation only, and not to summarize information already presented in the text or abstract.

Conflict of Interest

All authors are required to declare all activities that have the potential to be deemed as a source of competing interest in relations to their submitted manuscript. Examples of such activities could include personal or work-related relationships, events, etc. Authors who have nothing to declare are encouraged to add "No conflict of interest was reported by all authors" in this section.

Funding and Acknowledgements

Authors should declare all financial and non-financial support that have the potential to be deemed as a source of competing interest in relations to their submitted manuscript in this section. Financial supports are generally in the form of grants, royalties, consulting fees and more. Examples of non-financial support could include the following: externally-supplied equipments/biological sources, writing assistance, administrative support, contributions from non-authors etc.

Appendix

This section is optional and is for all materials (e.g. advanced technical details) that has been excluded from the main text but remain essential to readers in understanding the manuscripts. This section is not for supplementary figures. Authors are advised to refer to the section on ‘Supplementary figures’ for such submissions.

Figures

Authors should include all figures into the manuscript and submit it as one file in the OJS system. Reference to the “Instructions for Typesetting Manuscript” is strongly encouraged. Figures include photographs, scanned images, graphs, charts and schematic diagrams. Figures submitted should avoid unnecessary decorative effects (e.g. 3D graphs) as well as be minimally processed (e.g. changes in brightness and contrast applied uniformly for the entire figure). It should also be set against a white background. Please remember to label all figures (e.g. axis etc.) and number them (e.g. Figure 1, Figure 2, etc.) in boldface. Please also add in captions (below the figure) as required and number them (e.g. Figure 1, Figure 2, etc.) in boldface. The caption should describe the entire figure without citing specific panels, followed by a legend defined as description of each panel. Please identify each panel with uppercase letters in parenthesis (e.g. (A), (B), (C), etc.)

The preferred file formats for any separately submitted figure(s) are TIFF or JPEG. All figures should be legible in print form and of optimal resolution. Optimal resolutions preferred are 300 dots per inch for RBG colored, 600 dots per inch for greyscale and 1200 dots per inch for line art. Although there are no file size limitation imposed, authors are highly encouraged to compress their figures to an ideal size without unduly affecting legibility and resolution of figures. This will also speed up the process of uploading in the submission system if necessary.

The Editor-in-Chief and Publisher reserve the right to request from author(s) the high-resolution files and unprocessed data and metadata files should the need arise at any point after manuscript submission for reasons such as production, evaluation or other purposes. The file name should allow for ease in identifying the associated manuscript submitted.

Tables, Lists and Equations

Tables created using Microsoft Word table function are preferred. The tables should include a title underneath. Titles and footnotes/legends should be concise. These must be submitted together with the manuscript. Likewise, lists and equations should be properly aligned and its meaning clear to readers. For listing things within the main body of the manuscript, please use Arabic numerals in parenthesis (e.g. (1), (2), (3), (4), etc.)

Supplementary Information

This section is optional and contains all materials and figures that have been excluded from the entire manuscript. These materials are relevant to the manuscript but remain non-essential to readers’ understanding of the manuscript’s main content. All supplementary information should be submitted as a separate file in Step 4 during submission. Please ensure the names of such files contain ‘suppl. info’. Videos may be included in this section.

In-text citations

Reference citations in the text should be numbered consecutively in superscript square brackets. Some examples:

a) Negotiation research spans many disciplines[3, 4].

b) This result was later contradicted by Becker and Seligman[5].

c) This effect has been widely studied[1–3, 7].

Personal communications and unpublished works can only be used in the main text of the submission and are not to be placed in the Reference section. Authors are advised to limit such usage to the minimum. They should also be easily identifiable by stating the authors and year of such unpublished works or personal communications and the word ‘Unpublished’ in parenthesis. E.g. (Smith J, 2000, Unpublished)

 

References

This section is compulsory and should be placed at the end of all manuscripts. Do not use footnotes or endnotes as a substitute for a reference list. The list of references should only include works that are cited in the text and that have been published or accepted for publication. Personal communications and unpublished works should be excluded from this section.

References should be numbered consecutively in the order in which they are first mentioned in the text. Identify references in text, tables, and legends by Arabic numerals in parentheses. Authors referenced are listed with their surname followed by their initials. All references should also appear as an in-text citation. References should follow the following pattern: Author(s), title of publication, full journal name in italics followed by year of publication, volume number, issue number in parenthesis and lastly, page range. If the referred article has more than three authors, list only the first three authors and abbreviate the remaining authors to italicized ‘et al.’ (meaning: "and others"). If the DOI is available, please include it after the page range.

Standard journal article

Journal article (print) with one to three authors

Halpern SD, Ubel PA. Solid-organ transplantation in HIV-infected patients. The New England Journal of Medicine 2002 Jul 25;347(4):284-7.

Journal article (print) with more than three authors

Rose ME, Huerbin MB, Melick J, et al. Regulation of interstitial excitatory amino acid concentrations after cortical contusion injury. Brain Research 2002;935(1-2):40-6.

Journal article (online) with one to three authors

Jackson D, Firtko A and Edenborough M. Personal resilience as a strategy for surviving and thriving in the face of workplace adversity: A literature review. Journal of Advanced Nursing 2007; 60(1):1–9. http://dx.doi.org/10.1111/j.1365-2648.2007.04412.x.

Journal article (online) with more than three authors

Hargreave M, Jensen A, Nielsen TSS, et al. Maternal use of fertility drugs and risk of cancer in children—A nationwide population-based cohort study in Denmark. International Journal of Cancer 2015; 136(8): 1931–1939. http://dx.doi.org/10.1002/ijc.29235.

Book

Book with one to three authors

Schneider Z, Whitehead D and Elliott D. Nursing and Midwifery Research: Methods and Appraisal for Evidence-based Practice, 3rd ed. Marrickville, NSW: Elsevier Australia; 2007.

Book with more than three authors

Davis M, Charles L, Curry M J, et al. Challenging Spatial Norms, London: Routledge; 2003.

Chapter or Article in Book

Meltzer PS, Kallioniemi A, Trent JM. Chromosome alterations in human solid tumors. In: Vogelstein B, Kinzler KW, editors. The genetic basis of human cancer. New York: McGraw-Hill; 2002. p. 93-113.

*Note that the editor’s name is not inverted.

Others

Proceedings of meetings and symposiums, conference papers

Christensen S, Oppacher F. An analysis of Koza's computational effort statistic for genetic programming. In: Foster JA, Lutton E, Miller J, Ryan C, Tettamanzi AG, editors. Genetic programming. EuroGP 2002: Proceedings of the 5th European Conference on Genetic Programming; 2002 Apr 3-5; Kinsdale, Ireland. Berlin: Springer; 2002. p. 182-91.

Conference proceedings (from electronic database)

Harnden P, Joffe JK, Jones WG, editors. Germ cell tumours V. Proceedings of the 5th Germ Cell Tumour Conference; 2001 Sep 13-15; Leeds, UK. New York: Springer; 2002.

Online Document with author names

Este J, Warren C, Connor L, et al. Life in the clickstream: The future of journalism. Media Entertainment and Arts Alliance. 2008; Retrieved from http://www.alliance.org.au/documents/ foj_report_final.pdf

Online Document without author name

Princeton Writing Program. (n.d.). Developing an argument. Retrieved from http://web.princeton.edu/ sites/ writing/Writing_Center/WCWritingResources.htm

Thesis/Dissertation

Borkowski MM. Infant sleep and feeding: a telephone survey of Hispanic Americans [dissertation]. Mount Pleasant (MI): Central Michigan University; 2002.

Standards

Standards Australia Online. Glass in buildings: Selection and installation. AS 1288-2006, amended January 31, 2008. Retrieved from SAI Global database 2006.

Government Report

National Commission of Audit. Report to the Commonwealth Government, Canberra: Australian Government Publishing Service 1996.

Government report (online)s

Department of Health and Ageing.Ageing and aged care in Australia; 2008. Retrieved from http://www.health.gov.au/internet/ main/publishing.nsf/Content/ageing

Patent

Rencher W F. Bioadhesive pharmaceutical car- rier. US Patent 5462749 A. 1995.

No author

Guide to agricultural meteorological practices, 2nd ed. Secretariat of the World Meteorological Organization, Geneva; 1981.

Note: When referencing an entry from a dictionary or an encyclopedia with no author there is no requirement to include the source in the reference list. In these cases, only cite the title and year of the source in-text. For an authored dictionary/encyclopedia, treat the source as an authored book.

 

 

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 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