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2424-8401 (Print)

Journal Abbreviation:
Finan Mar

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

Publishing Model:
Open Access

Journal no:


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
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Full Issue

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Table of Contents

Original Article

by Naping Bao, Zhuofan Zhong, Jiahui Cai, Yan Jin, Wenjie Yang
2 Views, 0 PDF Downloads
In the context of rural revitalization strategy, Hangzhou further promotes the empowerment of rural economic development by cultural industry. This paper takes several villages in Hangzhou as an example to investigate the development status of rural cultural industry, and draws relevant conclusions through descriptive statistical analysis. Subsequently, the construction effectiveness of the industry is studied, and a multi-valued Logistic regression model is used to establish a quantitative model of villagers' perceptions of the overall effectiveness of the rural cultural industries construction. When the age parameter is changed and the model is applied, it is obtained that the older the villagers are, the higher the recognition of the effectiveness of the rural cultural industries construction.

Original Article

by Lanjing Qi, Ailing Dai, Hongxuan Shi
3 Views, 0 PDF Downloads
Quantitative investment can bring very large returns to investors and is increasingly popular among investors. Based on this, a quantitative trading model of averaging strategy is constructed for both gold and bitcoin products, and then the market risk model and trading frequency model based on multi-prediction model is constructed based on the optimization of the lagging loss that exists in the averaging strategy when the market is in a period of oscillation. The market risk and trading frequency are taken into account in the averaging model, and the trading ratio is dynamically changed to adapt to different market patterns on the basis of constant trading dates to achieve the optimization of the averaging strategy. The model integrates the impact of historical prices on the trading strategy. Here, the daily trading prices of gold and bitcoin from September 2016 to October 2021 are used as experimental data, and the experimental results show the effectiveness of the model.

Original Article

by Ming Liu
2 Views, 0 PDF Downloads
Globalization process was interrupted by the pandemic. Is the pandemic the turning point from globalization to deglobalization? Comparative Advantage theory does not support this point. So what is the impact to globalization?

Original Article

by Lanlan Wang, Chang Feng, Xinyue Wang, Yikun Zhao
6 Views, 0 PDF Downloads

This paper uses empirical research, literature analysis and comparative analysis to explore how to play the role of financial services in serving the real economy in the process of rural revitalization construction under the background of high-quality development pattern of domestic economy. With the strength of the government's macro-control, market innovation and social participation, green finance has unique advantages to realizing the prosperity of rural industries, environmental improvement and sustainable development of farmers.However, after investigation, we found that there is still a large development space in the current green finance system in: information and capital flow, publicity and education, policy system construction, talent training and other aspects.The purpose and significance of this paper is to explore the development outlet so as to more effectively play the service role of green finance in the process of rural revitalization construction.


Original Article

by Keyi Wang, Zitong Zhao
3 Views, 0 PDF Downloads
At present, China's digital economy has entered a mature stage of development. This paper, relying on the real panel data of provinces and cities from 2016 to 2020, uses the fixed effect model and robust analysis to conduct empirical tests, enrich the statistical results and provide effective policy advice. The results show that digital economy plays a significant positive role in promoting rural economic development in China, and can effectively promote agricultural construction in digital infrastructure, digital technology and e-commerce development. The government has adopted digital governance to ensure coordinated development and revitalize rural development.

Original Article

by Naping Bao, Jiahui Cai, Yan Jin, Wenjie Yang, Zhuofan Zhong
2 Views, 0 PDF Downloads
In the context of rural revitalization strategy, cultural industry as a pillar industry of national economy has great research value. This paper takes several villages in Hangzhou as an example, investigates villagers' satisfaction with the construction of local cultural industry in each village, constructs an evaluation structure of satisfaction with rural cultural industry, and uses hierarchical analysis to determine the weights and obtain a quantitative satisfaction evaluation system. This system is used to further analyze the satisfaction of villagers with different levels of education with the cultural industry in villages. Finally, the shortcomings of cultural industry construction are found and effective improvement measures are proposed to help rural revitalization.

Original Article

by Suyue Chen, Zhongming Ding
3 Views, 0 PDF Downloads
By studying the impact of green credit issuance on the profitability of commercial banks, this paper uses the panel data of five domestic listed commercial banks from 2010 to 2020, and based on a fixed-effect model through empirical analysis, it is concluded that the implementation of green credit business will help improve the profitability of commercial banks. 1. Improve the incentive and guidance system for green credit; 2. Create an external environment conducive to the development of green credit by commercial banks; 3. Improve the internal mechanism for commercial banks to develop green credit; 4. Cultivate Professional green credit talents.

Original Article

by Jiahuan Fan
4 Views, 0 PDF Downloads
Leisure agriculture is a win-win economic product. It not only meets the leisure spiritual needs of urban residents, but also improves the income level of rural residents. It is the compensation for agriculture due to the rapid economic development, high degree of industrialization and urbanization in China for decades. However, compared with the whole country, Zhoushan is extremely short of land resources due to the environment of island cities, while leisure agriculture is a new industry and its development is immature. In order to speed up the agricultural modernization of Zhoushan, build a new socialist countryside, narrow the gap between urban and rural areas and improve the income level of farmers, leisure agriculture, as an important industry to promote the development of agriculture and rural areas, should be vigorously developed. However, Zhoushan leisure agriculture has some problems, such as low quality of operators and backward science and technology; Single resources and lack of funds; Narrow publicity channels and low popularity. This paper puts forward countermeasures on how to develop leisure agriculture, promote the construction of new countryside and solve relevant problems. At present, e-commerce should be developed and the government should provide support, mainly for the vigorous development of Zhoushan education, science and technology.

Original Article

by Shuyi Hou
3 Views, 0 PDF Downloads
With the four sessions of the China International Import Expo successfully held in Shanghai, the exhibition industry in Shanghai has also been revitalized in the post-epidemic era. Based on the theory of Porter's "Diamond" model, the article studies the overall competitiveness of the city's exhibition industry by analyzing several aspects of production factors like demand conditions, related support industries, industrial strategies, structure and peer to peer competition, government and opportunities of Shanghai's exhibition industry. At present, Shanghai's exhibition industry has the problems of immature digital transformation and immature policies for the introduction of exhibition talents. Based on that, the article provides suggestions for the subsequent sustainable development of Shanghai's exhibition industry in response to these problems.

Original Article

by Yan Liu, Jianghao Li, Guannan Lei
2 Views, 0 PDF Downloads
In September 2014, Chinese Premier Li Keqiang proposed "Mass Entrepreneurship and Mass Innovation" at the Summer Davos Forum. The rapid development of small and micro enterprises (hereinafter referred to as SMEs) has become a new engine driving China's economic growth. However, when the total amount of social funds is limited, large-scale financing platforms will have a strong "crowding-out" on SMEs, and financing difficulties have become a key problem hindering innovation and entrepreneurship of SMEs. By analyzing the current situation of inclusive finance in China, this paper draws on the experience of the USA and Bangladesh in helping SMEs to finance and start their own businesses through inclusive finance, so as to provide feasible suggestions for the innovation of SMEs in China.

Original Article

by Yining Ma
2 Views, 0 PDF Downloads
Foreign exchange and foreign exchange transactions are relatively unfamiliar to domestic enterprises and individuals. However, with the integration of global economy, the development of international trade and international financial market has become more and more important. Foreign exchange transactions and exchange rate fluctuations have a greater impact on economic benefits, and the foreign exchange market has become pivotal to the economic development of a country. As a teenager living in the 21st century, it is very necessary for future development to understand and master certain knowledge of foreign exchange trading and risk control.

Original Article

by Long Wang
2 Views, 0 PDF Downloads
The comprehensive implementation and implementation of urbanization development strategy cannot be separated from the support of rural revitalization. In order to further improve the quality of people's lives, solve the problem of rural living environment of the existing environmental governance, the main content of this article is to analyze the current revitalization in the country under the background of the current situation of rural living environment improvement, further improvement and optimization strategies are proposed according to the status quo, for our country to carry out the rural residential environment renovation work to provide the reference and reference.

Original Article

by Xinli Wang
2 Views, 0 PDF Downloads
The increasingly serious environmental problems have caused wide public concern. As the main source of industrial pollution, enterprises are responsible for environmental pollution and resource waste. Internalization of environmental cost is an effective means for enterprises to take environmental responsibility, reduce pollution emission and realize sustainable development. This paper mainly summarizes the research on the impact of environmental regulation on the internalization of environmental cost in enterprises.

Original Article

by Li Xie
3 Views, 0 PDF Downloads
With the development of economy, the scale of university funds has grown rapidly, which has a strong practical significance for the research of university fund management.University fund management faces many problems, in order to improve the level of university capital management, reduce the risk of capital management, from the university capital internal control system, strengthen the optimization management of capital account, improve capital budget performance management, strengthen the financial information construction strategy analysis, hope to provide reference for capital management in colleges and universities.

Original Article

by Jiahui Yang
3 Views, 0 PDF Downloads
As a new business form produced by the perfect combination of tourism and e-commerce, online tourism has shown a rapid development momentum in recent years. In recent years, the transaction scale of China's online tourism market has increased sharply. This explosive growth rate has made online tourism a remarkable industry and had a great impact on people's tourism consumption habits and ways. However, with the rapid development of China's online tourism industry, the industry is also full of great challenges such as price war and difficult tourism operation supervision. Firstly, by introducing the relevant knowledge background, this paper shows the convenient experience brought by "online tourism management" from the advantages and related applications of online tourism management, points out the relevant regulatory difficulties, and explores the Countermeasures for the relevant regulatory difficulties from the regulatory difficulties.

Original Article

by Tianyuan Xie
3 Views, 0 PDF Downloads

This paper aimed to identify how the oligopoly firms’ market shares related to the profit stand ability. I selected firms from oil industry, which is widely recognized as oligopoly market, as an example and see if higher market share will stabilized firms profits in the face of oil price shock in 2020, caused by both global pandemic Russia–Saudi Arabia oil price war. I found that in the long-run, the firm’s market share is negatively correlated with firms’ profit volatilities. However, large firms’ profits fluctuates more in this price shock compared to small firms’ profits. Reasons might be small firms from my samples are more from OPEC countries which are less impacted by this price shock. Also, the price shock prices brought more business uncertainties for big oil companies than for small ones in both stock prices and other factors. This account for higher profit fluctuation for the large oil firms.


Original Article

by Rong Zhao
3 Views, 0 PDF Downloads

As an important part of the ancient Silk Road, the economic and trade exchanges between Central Asian countries and China have been strengthened unprecedentedly under the background of new development initiatives. Adjacent to the northwest of Central Asia and China, and an important part outside the Silk Road, Uzbekistan is located in the center of Central Asia, with many neighboring countries communicating with each other, so it is called an important node of the extension of the New Silk Road, a major measure to improve the level of economic cooperation between China and Uzbekistan, and a program to enhance political mutual trust, economic integration, cultural exchanges and coordination and cooperation in bilateral and multilateral fields between China and Uzbekistan. From the perspective of "Silk Road Economic Belt", the economic cooperation between China and Uzbekistan has made remarkable achievements, but at the same time, the problems are outstanding. Uzbekistan's authoritarian politics, weak rule of law and non-traditional security have restricted the in-depth development of economic cooperation between China and Uzbekistan. Therefore, it is necessary to deepen the strategic partnership between China and Uzbekistan, deepen cooperation in economy, trade, logistics and finance, and deepen the platform construction of the Silk Road Economic Belt.


Original Article

by Chunli Deng
3 Views, 0 PDF Downloads
At present, the eco-tourism model of sustainable development based on unique regional environments and customs and customs is booming. This model aims to achieve local environmental protection and economic development, and relies on the country's ecological development concept of vigorously promoting carbon peaking and carbon neutrality, and the specific eco-tourism development model is discussed. Through the analysis of the current development status of ecotourism, this paper puts forward several suggestions on the business model of ecotourism, hoping to provide theoretical reference for the construction of ecotourism.


Conflicts of interest may exist when professional judgements concerning a primary interest have the possibility of being influenced by a secondary interest (e.g.: financial gains). It is to be noted that even perceptions of conflicts of interest are as important as the actual conflicts of interest.

Any agreements with study sponsors (for profit or non-profit), which interfere with the authors' access to the study data, ability to analyze or interpret the data and publish manuscripts independently according to their own decision, should be avoided by authors at all costs.

A declaration of interests for all authors must be received before an article can be reviewed and accepted for publication.



The language used in manuscripts submitted to Journal of Finance and Market is English. Authors whose first language is not English may want to have their manuscripts professionally edited before the final submission to ensure that the academic content of the paper is fully understood by its prospective readers.



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


Publication Ethics

USP requires all members involved in the journal publishing process to adhere to the principles of Core practices as stipulated by COPE (Committee on Publishing Ethics), to investigate misconduct and to ensure the integrity of research. COPE has defined measures against data fabrication, duplicate publication, plagiarism and retraction, etc. All complaints submitted by the authors to the journal will be addressed promptly according to the procedure set out in the COPE complaints and appeals. The complainant may direct all inquiries and correspondence to the publisher at contact@usp-pl.com.

The journal editors take all possible misconducts seriously. The Editors, authors or readers can forward their concerns to the journal if they find out that the description in a submitted article may constitute an academic fraud, research misconduct or publication malpractice. The concerns or complaints on the possible allegations submitted to the journal will be dealt with promptly and appropriately according to the procedure set out in the COPE flowchart on complaints and in PERK. The complainant may direct all inquiries and correspondence to the Publisher at contact@usp-pl.com.



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


Article Processing Charge (APC)

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

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

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

USP JournalsArticle Processing Charge
Finance and MarketUS$ 800


Author Guidelines

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.


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.


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.


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 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.


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


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.


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.


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.


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.)

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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)



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 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.


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


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


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


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 papers submitted to Journal of Finance and Market are subjected to a stringent peer review process. This is to uphold the high quality of papers published in FM and ensure that the reporting of research work is truthful and accurate.

Upon submission, the article is reviewed by FM in-house editors to assess its suitability for the journal based on the editorial policy and procedural guidelines.
The Editor-in-Chief (EIC) carefully evaluates each manuscript to determine if its topic and content are suitable for consideration.
The accepted manuscripts are then assigned by the EIC to the associate editors according to their respective areas of expertise.
The associate editor selects reviewers from the editorial board or external reviewers who are suitably qualified to assess the paper.
Reviewers are asked to evaluate the manuscript’s originality, methodology, contribution to the literature, presentation of results and support for the conclusions, and appropriate referencing of previous relevant studies
Post-evaluation by the reviewers, the manuscript is sent to the associate editor who makes one of the following recommendations: accept, accept with minor revision, or reject.
The manuscript is then passed to the EIC who makes the final decision.
If EIC suggests minor revisions, authors are given a maximum of 30 days to revise and resubmit the article.
If EIC suggests major revisions, authors are given a maximum of 90 days to revise and resubmit the article.
After re-submission of the revised manuscript, the above steps are repeated before the paper is accepted for publication.
Authors of rejected submissions are advised to make an appeal in writing to editorial-fm@usp-pl.com.
Written appeals should include specific reasons for the appeal and point-by-point response to the reviewers' suggestions and criticisms.
Decisions made on appeals by the EIC are final and no further considerations will be made.


Open Access Policy

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

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

All published content is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (CC-BY-NC), permitting all non-commercial use, distribution, and reproduction in any medium under the condition that the original work is properly cited.



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