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 financial research, 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 (





Cabell's Directory




EconLit (The American Economic Association)

Electronic Journals Library

Google Scholar

IndexCopernicus International




PKP Open Archives Harvester




The Open Access Digital Library

The Standard Periodical Directory


ZBW – German National Library of Economics


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

2014 Q4: Articles Received: 23; Accepted: 15; Rejected: 8; Published: 19; Retracted: 0

2014 Q3: Articles Received: 20; Accepted: 14; Rejected: 6; Published: 15; Retracted: 0

2014 Q2: Articles Received: 39; Accepted: 26; Rejected: 14; Published: 29; Retracted: 0

2014 Q1: Articles Received: 39; Accepted: 25; Rejected: 12; Published: 22; Retracted: 0

2013: Articles Received: 90; Accepted: 62; Rejected: 24; Published: 67; Retracted: 0

2013 Q4: Articles Received: 30; Accepted: 22; Rejected: 6; Published: 17; Retracted: 0

2013 Q3: Articles Received: 16; Accepted: 11; Rejected: 5; Published: 12; Retracted: 0

2013 Q2: Articles Received: 23; Accepted: 15; Rejected: 7; Published: 25; Retracted: 0

2013 Q1: Articles Received: 21; Accepted: 14; Rejected: 6; Published: 13; Retracted: 0



e-Version First TM (Vol. 6, No. 1)
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.



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 6, No 2 (2015)

Table of Contents


Losers Win, Winners Lose: Evidence against Market Efficiency PDF
Zachary Alexander Smith p1
Do Labor Unions Affect Stock Price Crash Risk? PDF
Hamdi Ben-Nasr, Abdullah Al-Dahmash, Hatem Ghouma p11
Myopic Investor or Active Monitor? The Role of Institutional Investors in Corporate Innovation PDF
Xiaoyan Xu, Chunlei Wang, Shijun Cheng p23
Price Dynamics and Market Volatility: Behavioral Heterogeneity under Switching Trading Strategies on Artificial Financial Market PDF
Yosra Mefteh Rekik, Younes Boujelbene p33
The Impact of Stock Market Structure on Volatility: Evidence from a Call Auction Suspension PDF
Silvio John Camilleri p44
Managerial Ability and Internal Control Quality: Evidence from China PDF
Han Li p54
Earnings Response Coefficients and Default Risk: Case of Korean Firms PDF
Yohan An p67
Modeling Correlation Structure for Collateralized Debt Obligations PDF
Deniz Ilalan p72
A Study on the Main Determination of Mortgage Risk: Evidence from Reverse Mortgage Markets PDF
Chien-Chiang Lee, Kuo-Shing Chen, David So-De Shyu p84

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

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


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