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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 Zhen Zhang, Xiaowei Zhang
35 Views, 0 PDF Downloads
Public finance policy plays a vital role in achieving national economic development, social equity, and national security. Since the Reform and Opening-up, China has been able to create an economic miracle that has amazed the world, and one important reason for this is its public finance policy. Therefore, this paper aims to conduct in-depth research on the implementation of public finance policy since the Reform and Opening-up, analyzing its specific impact on various aspects of China’s economy and society, and thus comprehensively evaluating the effectiveness of public finance policy. At the same time, the paper will also focus on the problems and challenges faced by the implementation of public finance policy, such as inadequate policy design, insufficient implementation force, and inflexible adjustment mechanisms. Through in-depth analysis of these issues, the paper will propose some specific suggestions with the hope of providing assistance for the further adjustment and improvement of China’s public finance policy.
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Original Research Article

by Youjin Cao, Jiaxin Chen, Junyi Gu, Shengkai Wang
15 Views, 0 PDF Downloads
The aim of this proposal is to revitalize Macao’s tourism industry through a comprehensive analysis of its institutional background, potential market, and social resources. By utilizing various economic models and theories, the proposal explores the impact of optimization of service system such as integrating childcare services into shopping malls and hotels, as well as the development of entertainment exhibitions, elucidating the potential to enhance market competitiveness and overall utility. Drawing from relevant literature, the proposal presents objective and feasible recommendations. It delves into the significance of collaboration between the exhibition and entertainment industries, emphasizing the need to develop a new high-profit industry to balance the income structure of the tourism sector. The proposal recommends strategic plans to drive revenue growth. Furthermore, it illustrates the pivotal role of high-net-worth mainland Chinese customers in Macao’s tourism industry and the potential to expand entertainment exhibitions to attract more tourists. The proposal also presents the profit models of childcare services, highlighting the need for favorable policies and effective publicity to maximize social output. By combining these insights with economic principles, the proposal aims to provide a profound understanding of the current status and future prospects of Macao’s tourism industry. Additionally, SWOT model is used to reflect benefits and improvement directions of the proposal.
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Original Research Article

by Shiqin Xu
13 Views, 0 PDF Downloads
Modern economic management is an economic development model that adapts to the market economy and enterprise economy. Therefore, enterprises should strengthen their attention to economic management and introduce modern control equipment in the process of enterprise economic management. This can ensure that enterprise economic management work develops towards intelligence and modernization, laying a solid foundation for the sustainable development of enterprises.Under the new historical conditions, we must follow the trend of the times and actively promote the modernization of economic management to ensure that the superiority of economic management is maximized. Only by grasping the new trends in China’s economic management can we achieve significant results in our economic management work and promote the healthy development of our economy and society.
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Original Research Article

by Haokai Zhao
17 Views, 0 PDF Downloads
The financing ability of enterprises has always been an important proposition in the development process of technology-based enterprises. According to the current difficulties faced by China’s science and technology-based enterprises in the financing process, this paper finds a feasible solution to enhance the financing ability of China’s science and technology-based enterprises by studying the relationship between enterprise ESG, business model innovation, financial technology and enterprise financing ability, which is of great guiding significance to the benign development of China’s science and technology-based enterprises.
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Original Research Article

by Jiayi Zhao, Tonglaga Huang, Ulziibayar Batdelger, Battsetseg Altangerel
16 Views, 0 PDF Downloads
The signing of the Regional Comprehensive Economic Partnership (RCEP) signifies the establishment of the world’s largest free trade area. RCEP has made breakthroughs in improving the regional trade and investment environment, promoting economic development, and advancing trade liberalization. It is an open and inclusive free trade agreement, inviting more countries to participate. The implications of RCEP for promoting regional cooperation among China, Mongolia, and Russia include improving cooperation mechanisms, advancing institutional construction, promoting financial cooperation, and e-commerce development, inviting Russia and Mongolia to participate in RCEP economic activities with quasi-member treatment, and strengthening the training of high-quality professional comprehensive talents among these countries.
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Original Research Article

by Yichen Tang, Yuxuan Xu
11 Views, 0 PDF Downloads
The COVID-19 pandemic has dealt a huge blow to the global economy since 2020. Under such circumstance, the most essential economic issues are combating inflation while precluding further recession. This paper mainly concentrates on the fiscal policies and monetary policies in both short run and long run that can solve the economic issue above. The authors first recommend increasing government expenditures as the short run fiscal policy. For the long run fiscal policy, the authors introduce several tax policies which can boost economic growth while stabilizing prices. Besides, the authors recommend short term monetary policies, open market operation and forward guidance, to tackle the economic issue. Next, authors propose the quantitative easing as a long run monetary policy. After listing some specific polices that address inflation while prevent recession, authors then discuss the pros and cons of four kinds of monetary and fiscal policy combination under differentiated economic conditions.
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Original Research Article

by Tianze Bao
13 Views, 0 PDF Downloads
This paper studies the influence of e-commerce live broadcast on consumer behavior in the new media environment. Firstly, the paper introduces the rise and development of e-commerce live broadcast. Secondly, the motivation, psychological characteristics and behavioral characteristics of consumers participating in e-commerce live broadcast are analyzed. Finally, the paper discusses the influence of e-commerce live broadcast on consumer decision-making, purchase behavior, attitude and brand cognition. It is found that e-commerce live broadcast plays a significant role in influencing consumers’ behavior, can influence their decision-making and purchase behavior, and has a positive impact on consumers’ attitude and brand awareness. These findings are of great significance for understanding consumer behavior and the impact of e-commerce live broadcast in the new media environment.
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Original Research Article

by Lai Shenghan, Jiang Zewu, Liu Hui
13 Views, 0 PDF Downloads
This research, leveraging data from the National Copyright Administration spanning the period from 2006 to 2024, employs a Vector Autoregression (VAR) model to investigate the interlinkages between the hog futures market and the pricing dynamics of hogs, corn, and soybean meal. The study’s findings indicate that feed costs exert a notable predictive influence on the pricing of hogs. Furthermore, a pronounced interdependence is observed between hog prices and the prices of grains, with the establishment of futures markets amplifying this relationship. This underscores the pivotal role that futures markets play in facilitating price discovery and managing risk within the hog industry’s value chain. The inception of futures markets has not only elevated the efficiency of market information dissemination but also endowed hog producers with a more accurate gauge of market expectations. These insights contribute to a deeper understanding of the intricate dynamics governing the hog industry’s financial landscape.
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Original Research Article

by Wenming Lu
14 Views, 0 PDF Downloads
In response to the requirements of the new situation, internal audit in universities has transitioned from supervision to service and from cost audit to whole-process project management audit. This article, through case analysis, examined the necessity of whole-process audit in areas such as investment decision-making, design management procedures, bidding procedures, and project cost.
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Original Research Article

by Longqing 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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Original Research Article

by Youjuan Chen, Longqing Wang
11 Views, 0 PDF Downloads
On the basis of traditional finance, digital finance has strengthened the use of digital technology and big data, with a stronger function of resource optimization and allocation, and has gradually become an important engine for the transformation and upgrading of China’s real economy, which also provides a new opportunity to promote carbon emission reduction. By sorting out the mechanism of digital finance to promote carbon emission reduction, this paper puts forward the realization path of digital finance empowering carbon emission reduction, which provides a theoretical basis for China to promote the achievement of the carbon peaking and carbon neutrality goals.
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Original Research Article

by Biyu Zhu, Mengdi Hao, Zixuan Wu, Mandi Yang, Wei Song, Zhenhan Fu
14 Views, 0 PDF Downloads
This paper attempts to use Error Correction Model (ECM) to arbitrage in the futures market. Corn and corn starch futures contracts are chosen since there is a high correlation between them. A passive investment method is used to compare with the result of ECM to examine whether it is effective in making benefits. For risk measure, this paper uses Extreme Value Theory (EVT) and Monte Carlo to calculate the VaR value using the ratio derived above for risk management. The results show that with both higher return and lower risk, the model built by ECM performed better than the benchmark investment method.
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Original Research Article

by Yun Qian
12 Views, 0 PDF Downloads
Small Island Developing States (SIDS) face unique economic challenges exacerbated by globalization and environmental changes. This study explores the resilience of small island businesses against globalization by adopting a mixed-methods approach, analyzing quantitative data and qualitative insights from business leaders and policymakers. The findings indicate that economic diversification, sustainable practices, strengthened infrastructure, and technological advancements are crucial for enhancing resilience. Case studies from Fiji and Samoa highlight the role of effective policy frameworks and international cooperation in supporting these strategies. The research suggests that tailored approaches are necessary to address each island’s specific needs, offering policy recommendations to aid local governments and international bodies in bolstering the economic resilience of SIDS. This study contributes to understanding how SIDS can turn vulnerabilities into strengths for sustainable growth amidst global pressures.
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Original Research Article

by Yueyuan Wang, Hong Yang
9 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 Mengchun Chen, Zhao Wang
14 Views, 0 PDF Downloads
Under the background of unstable external environment, with the increasing emphasis on the concept of sustainable development, how the ESG performance of enterprises affects the financial difficulties of enterprises has received widespread attention. This paper examines the impact of ESG performance on corporate financial distress. Empirical analysis of data from 437 listed companies from 2012 to 2019 shows that ESG performance can reduce the likelihood of companies falling into financial distress.
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Original Research Article

by Weijia Liu, Zhixin Chen
15 Views, 0 PDF Downloads
Judicial forensic accounting, as one of the types of forensic accounting, aims to identify specific financial accounting facts related to litigation cases. In the issue of asset valuation, the measurement method of asset valuation is an essential aspect that cannot be ignored. The choice of measurement methods played a significant role in the shocking Enron financial fraud case, a former energy giant in the United States. Taking the Enron financial fraud case as an example, this paper analyzes the issue of asset valuation measurement methods under the perspective of judicial forensic accounting to provide references for asset valuation identification.
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Original Research Article

by Peng Zhang
13 Views, 0 PDF Downloads
While previous literature considers retailer service strategies and consumer service preferences, the impact of retailer sales efforts and consumer service preferences on service strategy decisions in the supply chain has not been considered. Therefore, we consider three decision models under retailer sales effort to explore the impact of consumer service preferences on stakeholder equilibrium decisions in the supply chain. Then, we analyze and explore manufacturer and retailer profits.
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Original Research Article

by Jie Liu, Qinyao He
9 Views, 0 PDF Downloads
Based on the data of outlet distribution of different types of banks in 21 cities and prefectures in Sichuan Province from 2008 to 2021, this paper quantitatively studies the overall characteristics and evolution rules of outlet distribution, constructs 12 indicators affecting the layout of bank outlets in Sichuan Province according to four different types of outlet distribution areas by using the non-parametric maximum score method. The study finds that economic and financial development is still the key to determine the layout of outlets, and with the spread of IT applications, market distance no longer restricts the cross-regional operation of commercial banks; and banks with brand disadvantages have stronger motivation to expand their outlets, which can easily lead to waste of resources and requires stronger rational guidance.
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Original Research Article

by Yixuan Cui
12 Views, 0 PDF Downloads
This paper takes China’s heavy pollution industry as the research object. It analyzes the important factors affecting carbon emissions of heavy pollution industry and constructs the STIRPAT expansion model. The model parameters are estimated by ridge regression method. Three scenarios of baseline, emission reduction, and high carbon are designed to predict carbon emissions with reference to policy planning documents and analysis of historical data. It is found that the carbon peaking time of China’s heavy pollution industry is between 2026 and 2040, and the peaking amount is between 6711.6794 and 8117.3815 million tons. Among the three scenarios designed in this paper, the emission reduction scenario is able to achieve carbon peaking by 2030.
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Original Research Article

by Yingyu Hu, Ting Zhu, Chunyan Wang, Rong Huang
15 Views, 0 PDF Downloads
Apple Inc. is a world-renowned scientific and technological innovation enterprise, and its international marketing cases are of high learning value. Taking Apple as the research object, this paper systematically analyzes the reasons and characteristics of its successful international marketing from the aspects of “globalization” demand, destination selection, market entry mode and preliminary plan.
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Original Research Article

by Yingying An
12 Views, 0 PDF Downloads
The peaks and troughs of previous oil price fluctuations are associated with some major events. In this paper, BP structural breakpoint test is conducted on the spot price of WTI crude oil during the sample period, and it is found that there are four structural breakpoints in the oil price series during the sample period, and then the sample is divided into five stages. By analyzing the five stages, it is found that the fluctuation period of WTI crude oil spot price is gradually shortened, and the amplitude is gradually increased.
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Original Research Article

by Jiaren Li
16 Views, 0 PDF Downloads
This article examines the application of the Integrate Discipline Puzzle Theory (IDPT) in IRM within business administration (Jin and Li, 2012), thru a case study on FMCG company Genki Forest. It analyzes Genki Forest’s response to shifting market dynamics towards healthier drink options, outlines its innovative strategies, and highlights17 changes made. The study applies the Three-dimensional IDPT framework (Li, 2021), emphasizing technology, consumer needs, and product value in development. It also considers macro-environmental factors affecting Genki Forest, analyzed via PESTEL analysis. The case study concludes by advising Genki Forest to diversify into healthy snacks and emphasizes the importance of internet strategies for growth. It illustrates the significance of innovative approaches in product development, market analysis, and strategic planning in navigating the competitive FMCG landscape, demonstrating Genki Forest’s adept application of the Three-dimensional IDPT in achieving business objectives.
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Original Research Article

by Mingze Li
14 Views, 0 PDF Downloads
The Internet of Everything has been gradually put forward as early as a few years ago, and the Internet of Things is the key to realize the Internet of Everything, which can link people, things and machines. Under the development of China’s economy, the development speed of the Internet of Things is increasing, but after the initial development stagnation, this is because of the development of the dilemma, obstacles, such as the Internet of Things in the economic model of a single, unreasonable structure and other issues that make the industry can not be further developed, and industrial economics can be analyzed from all aspects of the Internet of Things industry, research on the development of the Internet of Things road, to provide strategies for its development. Therefore, from industrial economics for the Internet of Things to explore the development of Internet of Things.
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Original Research Article

by Kenan Zhang, Rapassa Roung-onnam
13 Views, 0 PDF Downloads
With the rapid development of globalization and the continuous expansion of the group of new media creators, the market demand for audio materials is also growing. Audio material can not only enrich the expression of content, but also enhance the audience’s immersion and interactive experience. The purpose of this study is to explore the willingness of new media creators in Chengdu, Sichuan Province to buy paid audio materials and its influencing factors.
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Original Research Article

by Yaqiang Zhang
8 Views, 0 PDF Downloads
Financial management is an important part of the development of enterprises, which directly affects the level of production and operation of enterprises. It is of great significance to apply financial management to the marketing of enterprises.Based on this, this paper makes a comparative analysis of marketing forms at home and abroad, focusing on the optimization strategy of financial management applied to enterprise marketing, so as to provide theoretical support for the sustainable development of enterprises.
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Original Research Article

by Ling Li, Rapassa Roung-onnam
15 Views, 0 PDF Downloads
Gourmet tourism is a tourism activity with social and leisure attributes, which seeks aesthetic and pleasant experiences in different places and enjoys and experiences food as the main body. There is a close relationship between Chengdu local cuisine and tourism industry. Chengdu attracts a large number of tourists with its unique food culture, and the development of tourism industry also promotes the promotion and inheritance of local cuisine. Food attracts tourists, and tourism industry promotes the development and inheritance of food. The two promote each other and jointly promote the development of tourism culture in Chengdu. Taking consumers in Sichuan as the research object, this paper studies the influencing factors of consumers’ satisfaction with Chengdu local cuisine, which provides valuable reference for Chengdu local specialty cuisine industry. Restaurant operators can improve and optimize these factors to enhance consumers’ satisfaction and promote the development of the industry.
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Original Research Article

by Shanshan Li
8 Views, 0 PDF Downloads
International trade theory can be roughly divided into traditional type classical trade theory, neoclassical international trade theory and contemporary international trade theory. Traditional type classical trade theory includes absolute advantage theory, comparative advantage theory, relative demand theory. Neoclassical international trade theory takes factor endowment theory as the main content. Traditional type classical trade theory and neoclassical trade theory are together called traditional international trade theory. Contemporary international trade theory includes scale economy theory, demand similarity theory, intra-industry trade theory, product life cycle theory.
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Original Research Article

by Kun Cheng
12 Views, 0 PDF Downloads
The economic growth realized under the rugged development mode has led to serious resource consumption and environmental pollution problems, and the traditional high energy consumption and low efficiency development mode is contrary to the international economic background that advocates the concept of green development nowadays, and this kind of economic development mode at the expense of natural resources and the environment makes China’s high-quality development stagnate. And realizing China’s economic development through technological innovation is a strategic tool that China has always used. Low-carbon technological innovation, as the key to achieving the dual-carbon goal, is of great significance for China to realize sustainable development. Based on this background, this paper takes low-carbon technological innovation and measures the efficiency of low-carbon technological innovation in China from 2011 to 2021 through the SBM-Malmquist model with unintended output, to measure the results based on the analysis of the current situation of low-carbon technological innovation in the country and the region, and found that despite the fluctuations in the average annual efficiency value, China’s low-carbon technological innovation as a whole shows an upward trend, but there are large regional differences in China’s low-carbon technological innovation. The research results reflect the problems of low-carbon technological innovation in China, enrich the research results of low-carbon technological innovation, and provide some insights into the realization of sustainable development in China.
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Original Research Article

by Liuqing Hu
6 Views, 0 PDF Downloads
With the deepening of globalisation, economic ties between countries around the world have become increasingly close. Against this background of globalisation, macroeconomic models have become a powerful tool for assessing and forecasting world economic trends. For both developed and developing countries, the inputs and outputs of macroeconomic models are of great significance for policy formulation and the promotion of sustainable development. For this reason, the role and impact of the world economy based on several macroeconomic models are discussed below for reference.
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Original Research Article

by Jinman Ma
11 Views, 0 PDF Downloads
The occurrence of audit failure has aroused public doubts about the audit industry, which not only hinders the development of the audited units, but also has a negative impact on the reputation of accounting firms and the development of the audit industry. In view of this phenomenon, this paper, based on the reference of relevant literature and related theoretical knowledge, this paper adopts game theory and game model to analyze the causes of audit failure, and put forward the corresponding countermeasures and analysis. Based on this game analysis, the original audit conflict model can be extended to establish the game conflict model and analyze the specific factors to study the formation process and causes of audit failure, and the influence of different participants can be analyzed. Citing game theory research is of more practical significance, which can enhance external supervision and supervision, and put forward universal preventive countermeasures combined with specific factors, and help firms and practitioners to be vigilant when facing the same or similar audit business, so as to improve the audit quality and reduce the occurrence of failure.
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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).

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.

 

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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.

 

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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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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).

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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.

 

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

 

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Preprint Policy

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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.

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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.

 

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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.

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

Author Guidelines

Author Guidelines

Before your submission, please check that your manuscript has been prepared in accordance to the step-by-step instructions for submitting a manuscript to our online submission system.

Manuscript Format

Your manuscript should be in MS Word format. All manuscripts must be written in clear, comprehensible English. Both British and American English are accepted. Usage of non-English words should be kept to a minimum and all must be italicized with the exception of “e.g.”, “i.e.” and “etc.” If you have concerns about the level of English in your submission, please ensure that it is proofread before submission by a native English speaker or a scientific editing service.

Cover Letter

All submissions should include a cover letter as a separate file. A cover letter should contain a brief explanation of what was previously known, the conceptual advancement with the findings and its significance to broad readership. The cover letter is confidential and will be read only by the editors. It will not be seen by reviewers.

Title

The title should capture the conceptual significance for a broad audience. The title should not be more than 50 words and should be able to give readers an overall view of the paper’s significance. Titles should avoid using uncommon jargons, abbreviations and punctuation.

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