International Journal of Financial Research publishes peer-reviewed articles in full range of theoretical and empirical topics in finance area, from corporate finance, accounting, insurance theory to monetary banking, stock exchange, capital markets and more. The journal is published in both online and printed versions. All publications are open access in full text and free to download.

Announcements
Publication Fees Adjustment Notice (Effective January 1st, 2012) |
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| Due to unfavorable USD exchange rate and increasing operation costs, the publication fee of International Journal of Financial Research will be adjusted from $200.00 USD to $300.00 USD per article, effective from January 1st, 2012. | |
| Posted: 2011-12-27 | |
| More Announcements... |
Vol 3, No 1 (2012)
Table of Contents
Articles
| Volatility Estimation and Stock Price Prediction in the Nigerian Stock Market | |
| Ajao Mayowa Gabriel, Wemambu Mary Ugochukwu | p2 |
| Institutional Environment and Capital Structure: Evidence from Private Listed Enterprises in China | |
| Hongbo Duan, Abdul Razak bin Chik, Chonjun Liu | p15 |
| Modelling Credit Risk for Personal Loans Using Product-Limit Estimator | |
| Okumu Argan Wekesa, Mwalili Samuel, Mwita Peter | p22 |
| Empirical study of the National Health Service in U.K. and the U.S. Medical Care System | |
| Kai Xie | p33 |
| The CFA Franc Devaluation and Output Growth in the Franc Zone | |
| Fouopi Djiogap Constant | p40 |
| Studies on the Change Mechanism of RMB Exchange Rate with Non-Recurrent Events | |
| Rulu Huang | p49 |
| French Firm’s Financing Choices: Towards a Reconciliation of the Static Trade-Off Theory and the Pecking Order Theory? | |
| Gharsalli Mazen | p57 |
| Research on Risk Evaluation of SME Financing based on Grey Theory | |
| Zhangliu Wang, Lan Wang, Kai Wang | p73 |
| “A Flaw in the Model … that Defines How the World Works” | |
| Volker Bieta, Hellmuth Milde, Nadine Marianne Weber | p81 |
| Executing Strategy with the Balanced Scorecard | |
| Michael L. Werner, Fuyuan Xu | p88 |
| Influencing Factors of Health Care Expenditure for Rural Residents in China after Enforcing New Rural Cooperative Medical System | |
| Ziyuan Deng, Hua Guo, Yuansheng Jiang | p95 |
| Variance Ratio Test of Random Walk for Foreign Trade: The Study in India during the Globalization Era of 1990s | |
| Rudra Prakash Pradhan | p101 |
| Theoretical Research of the Urban Comprehensive Carrying Capacity in the Epoch of Urbanization | |
| Changliang Li, Lina Lian | p105 |
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International Journal of Financial Research
ISSN 1923-4023(Print) ISSN 1923-4031(Online)
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International Journal of Financial Research