International Journal of Financial Research

International Journal of Financial Research (ISSN: 1923-4023; E-ISSN: 1923-4031) is an open-access and peer-reviewed journal published by Sciedu Press in Canada. This journal is published quarterly (January, April, July and October) in both print and online versions. All publications are open access in full text and free to download.

This journal publishes original and leading research across all the major fields of accounting, finance and economics, ranging from institutional & corporate finance, accounting, insurance & risk management, monetary banking, stock exchange, to business economics, development economics, capital markets and more.


This journal accepts article submissions online or by e-mail (





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2016 Q3: Articles Received: 32; Accepted: 16; Rejected: 10; Published: 18; Retracted: 0

2016 Q2: Articles Received: 30; Accepted: 17; Rejected: 9; Published: 24; Retracted: 0

2016 Q1: Articles Received: 47; Accepted: 24; Rejected: 17; Published: 27; Retracted: 0

2015: Articles Received: 124; Accepted: 64; Rejected: 40; Published: 77; Retracted: 0

2014: Articles Received: 121; Accepted: 80; Rejected: 40; Published: 85; Retracted: 0

2013: Articles Received: 116; Accepted: 73; Rejected: 32; Published: 51; Retracted: 0




e-Version First TM
Current Issue (Vol. 7, No. 5, 2016)
All Issues



e-Version FirstTM

e-Version First is a featured way of publishing articles in our journal. It allows PDF version of manuscripts that have been peer reviewed and accepted, to be hosted online prior to their inclusion in a final printed journal. Readers can freely access or cite the article.


Each paper published in International Journal of Financial Research is assigned with a DOI®number, which appears beneath the author's affiliation in the published paper. Click HERE to know what is DOI (Digital Object Identifier). And click HERE to retrieve Digital Object Identifiers (DOIs) for journal articles, books, and chapters.


Paper Selection and Publication Process

a). Upon receipt of paper submission, the Editorial Assistant sends an E-mail of confirmation to the corresponding author within 1-2 working days. If you fail to receive this confirmation, your submission/e-mail may be missed. Please contact the Editorial Assistant in time.

b). Peer review. We use double-blind system for peer-review; both reviewers and authors’ identities remain anonymous. The paper will be peer-reviewed by three experts; two external reviewers and one editor from the journal typically involve in reviewing a manuscript. The review process may take 2-3 weeks.

c). Notification of the result of review by E-mail.

d). The authors revise paper and pay publication fee (300USD).

e). After publication, the corresponding author will receive two hard copies free of charge.

f). E-journal in PDF is available on the journal’s webpage for download, free of charge.


The publisher and journal have a policy of “Zero Tolerance on the Plagiarism”. We check the plagiarism issue with two methods: reviewer check and plagiarism prevention tool (iThenticate).

All submissions will be checked by iThenticate before being sent to reviewers.



IJFR is listed in acceptable Finance Journals by University of Texas at Tyler

We are glad to announce that International Journal of Financial Research has been listed as GOOD QUALITY JOURNAL in the acceptable list of Peer Reviewed Finance Journals by University of Texas at Tyler.  
Posted: 2015-10-26

Call for Papers and Recruitment of Reviewers


We are calling for submission of papers for the forthcoming issue. All papers should be written in professional English. The length of 3000-8000 words is preferred. All manuscripts should be prepared in MS-Word format, and submitted online. For any question you have, please contact the Editorial Assistant via:

We are also recruiting reviewers for the journal. If you are interested, you are welcome to join us. Please find the application form and details at:

Posted: 2015-03-13 More...

IJFR is listed in Econlit and JEL

We are pleased to announce that International Journal of Financial Research (IJFR) has been listed in Econlit and Journal of Economic Literature (JEL)The American Economic Association’s electronic bibliography, EconLit, indexes over 120 years of economics literature from around the world.  
Posted: 2012-12-11 More...
More Announcements...

Vol 7, No 5 (2016)

Table of Contents


Is S&P100 Index a Mean-Variance Efficient Portfolio? PDF
Mohammad G. Robbani, Ajeet Jain p1
R&D Investment and Market Reactions in Non-crisis and Crisis Periods: Evidence from Taiwan PDF
Shu-Ching Chou, Thanh Long Phan p7
Why Hire a Big 4 Auditor 500 Miles Away? PDF
Lily Brooks, Michael D. Yu p19
Beta and Size Revisited: Evidence from the French Stock Market PDF
Bing Xiao p42
On the Systematic Downside Risk Measure: A Note PDF
Yin-Ching Jan p51
Lecturer’s Working Environment and Teaching Competence in Selected Agricultural Colleges in Vietnam PDF
Duong Thai Le, Cuong Hung Pham p56
Does Dividend Policy Affect Firm Earnings? Empirical Evidence from Nigeria PDF
Ifuero Osad Osamwonyi, Iyobosa Lola-Ebueku p77
Assessing Performance of Liquidity Adjusted Value-at-Risk Models PDF
Vandana Rao Daka, Sankarshan Basu p87
Estimation for Production Factors in World Major Economies PDF
Yunhong Chen, Qiang Jiang p99
Macroeconomics, Firm-Specific Factors and Stock Liquidity: An Empirical Evidence from Jordan PDF
Wasfi A. Al Salamat p110
The Critical Success Factors for Implementation of Electric Customer Relationship Management in the Commercial Bank of Viet Nam PDF
Thuy Van Nguyen, Cuong Hung Pham p124
The Importance of Human Inequalities and Health Care Quality in Life Expectancy of Countries PDF
Orhan Kandemir p140
Intensive Board Monitoring and Firm Value: An Empirical Analysis in the Context of Saudi Arabia PDF
Hanan Alhussayen, Ridha Shabou p146
The Determinants of the Choice of Alternative Financing Methods of SMEs in Bank Credit Rationing: Evidence from Cameroon PDF
Benjamin Yamb, Noe Ndjeck p165
An Empirical Analysis of Volatility Characteristics of Inter-Bank Offered Rate of International Financial Centers PDF
Maoguo Wu, Xin Luo p176
Internal Mechanisms of Governance and Risk Bearing of Banks: The Case of the CEMAC Zone PDF
Etienne Francois Eloundou, Doris Mireille Befen Djinja p190
The Relationship between Listing Requirements and Market Quality: An Examination Using NASDAQ’s Tiered Market Structure PDF
Kevin D. Broom, Jason S. Turner p203

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International Journal of Financial Research
ISSN 1923-4023(Print) ISSN 1923-4031(Online)


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